Innovative Designs Inc (PK) (IVDN) News

$IVDN - Regarding his new role on the Innovative Designs Board of Directors, John Spagnolo Jr. stated: "I am strongly enthusiastic about the sales growth potential of the unique Insultex House Wrap(R) product in the building and remodeling environment that we see before us today. This is the primary reason I have accepted the offer to join the Innovative Designs team at this time. https://finance.yahoo.com/news/innovative-designs-inc-welcomes-experienced-120000473.html

$IVDN Overall Average 72% BUY OPINION; Seeing a huge boost. Top #OTC #construction #Insulation #insultexhousewrap #premierdistributors
https://www.barchart.com/stocks/quotes/ivdn/opinion

As of today the OTC IVDN Market Website shows that IVDN is now Pink current.

Outstanding revenue growth taking place for IVDN now and even better than we were expecting. The company's announcement on Dec. 30th projected the year end total would be $1.2 Million. Per today's filing, the total will actually be more than $1.36 Million, a 292% increase over fiscal 2023.
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From the December IVDN news:
The Company's full fiscal year ended on October 31, 2024 and we are currently working to complete this financial report which will present even more rapid sales growth. We can now project a 2024 fiscal year-end total of over $1.2M. After this year-end report is filed, we will hold an investor conference call and shareholder's meeting in the second quarter. Sales growth is also continuing in our fiscal first quarter with the largest backorder for Insultex House Wrap® that the company has ever seen, by far vs. no backlog last year.
Source:
Innovative Designs Inc. Reports Record Sales Results to Shareholders
Dec. 30, 2024
https://www.newmediawire.com/news/innovative-designs-inc-reports-record-sales-results-to-shareholders-7078758

Did a little quick math with sales numbers provided by OTCMarkets.

2024 Sales (in 000's) $1,363
Q3 278
Q2 300
Q1 65
Q4 Prior Year 124

So that means Q4 current year must be 720. That is freakin' excellent!! We have a long way to go but this is a huge step forward. Congrats to IVDN, company management, and all shareholders who are about to be rewarded. Well done.

Great stuff, pitcook!!

... Stories will be told about...

As part of the IVDN NT 10-K
Revenues increased from $ 347,763 for the fiscal year ended October 31, 2023, to approximately $1,362,538, for the fiscal year ended October 31, 2024.

Amazing 292% increase in sales!!!! Great job Joseph Riccelli Jr. in ramping up all aspects of production and sales. Can't wait for the full Year End K report, and the future Quarterly Sales reports.

Slowly but surely the Construction Industry is learning about the totally unique properties of the patented INSULTEX material. This disruptive technology once an Architect, Developer, or Contractor learns how the Evacuated Cells creates an Energy Saving vacuum, and additionally saves a lot of money in construction costs, they are sold, and become returning customers.

This amazing growth is basically just from Lumber Yards, and do it yourselfers. Once Mr. Riccelli Jr. gets our product officially updated certified, then all of the National Home Builders will be standing in line, to either buy all of the material we can make for them, or if they are smart join in a bidding war to exclusively license the Insultex, to dominate the Construction Industry.

With the new Govt Building Code requiring a Continuous Insulation, with the R-6 already installed with our House-wrap, with an average R-20 required Building Code, the Insulation companies, like the Pink Panther will be losing around 30% of their business So now imagine how valuable it would be or one of them to control our material! Not only would they be saving the 30% of Insulation sales, but they now would pick up the vast majority of all of the House-wrap business too.

The future opportunities would also be applicable for many other Industries like, Roofers, Clothing, Sleeping Bags, Home Spas, just to name a few.

As far as in just Construction, anyone doing any remodeling or new building and is not using the incredible Insultex House-wrap is doing CONSTRUCTION MALPRACTICE.

The fact that this is such an esoteric company, that at this point so few in the industries know about it. being able to buy the stock for a few nickels and dimes, is really the steal of the century. the stuff that stories will be told about.

I believe the outstanding shares have increased a bit as reported on the OTC IVDN Website as of today. We should be seeing or hearing something from this company within the next month.

pitcook, that link for one of those rating companies is Barchart.com. You can also get rating info from Yahoo.com and Investing.com for a couple of just a few.

Searay can you please provide that link? TIA

Sorry for the double post.

Another good sign today of things here currently is, is anyone noticing that a number of the stock rating companies are raising their buy ratings on IVDN recently, today the buy rating on IVDN was raised from it’s rating for the last couple weeks of 56% to 72% today . Rating company’s do not usually keep that close in touch with a lot of penny stocks. 2025 has definitely started off in the right direction with a lot of upward potential building up each day. MOO

Another good sign today of things here currently is, is anyone noticing that a number of the stock rating companies are raising their buy ratings on IVDN recently, today the buy rating on IVDN was raised from it’s rating for the last couple weeks of 56% to 72% today . Rating company’s do not usually keep that close in touch with a lot of penny stocks. 2025 has definitely started off in the right direction with a lot of upward potential building up each day. MOO

$IVDN - Welcomes Aboard Mr. Spagnolo, Jr., who has relationships with key contacts at some of the most important companies in the multi-billion-dollar homebuilding and construction industry. https://finance.yahoo.com/news/innovative-designs-inc-welcomes-experienced-120000473.html #Insulation #Homebuilding #Construction #EnergySavings

The new IVDN CEO is also taking measures to significantly increase Insultex House Wrap production as he stated in his December shareholder's letter:
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With the increasing demand for Insultex House Wrap®, one of our top priorities has become increasing new production to maintain a timely order flow. To this end, we have developed new production resources in the last few months which are now able to deliver higher levels of inventory for customers placing rising orders. As demand grows, we have plans for further manufacturing and production. New marketing programs and additional product certifications are also planned.
Source:
https://www.newmediawire.com/news/innovative-designs-inc-reports-record-sales-results-to-shareholders-7078758

IVDN is already experiencing the strongest sales growth in its history and even getting all the orders they can handle with a large backlog right now (as stated in this week's news):
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Innovative Designs sales for the current 2025 1st quarter, which is still in progress, show a comp increase in excess of 7 times sales in the 1st quarter of 2024. In addition, over a quarter of a million dollars in purchase orders are in the queue to be filled.
Source:
https://www.newmediawire.com/news/innovative-designs-inc-welcomes-experienced-real-estate-developer-with-relations-to-top-homebuilding-names-including-d-r-horton-nvr-ryan-homes-and-more-7079052

To see strong growth, the company is going to have to get architects at the home builders to spec in their product. Otherwise it will be a slower, long term slog as home builders are so used to using DuPont Tyvek and Henry Fortifiber which are proven products in their minds.

Does someone really buy 100 shares of this for 25$ to drag the price down ? That was our first trade this morning …

Hopefully, with what has taken place with IVDN recently, we will see, as the future unfolds, the likes of when this stock was much higher years back. GLTA L

Yes, with the strong revenue growth being generated now we should see IVDN reach profitability very soon. This rapid growth is well covered in the most recent updates from the company:

Innovative Designs, Inc. Welcomes Experienced Real Estate Developer With Relations to Top Homebuilding Names Including D.R. Horton, NVR / Ryan Homes and More
Jan. 23, 2025
https://www.newmediawire.com/news/innovative-designs-inc-welcomes-experienced-real-estate-developer-with-relations-to-top-homebuilding-names-including-d-r-horton-nvr-ryan-homes-and-more-7079052 ;

Innovative Designs Inc. Reports Record Sales Results to Shareholders
Dec. 30, 2024
https://www.newmediawire.com/news/innovative-designs-inc-reports-record-sales-results-to-shareholders-7078758

Right Scout

Company will show profits soon with ramping revenues

They are not generating profit they are operating at a net loss. They do need capital to pay for their machine which they have been trying to buy for many years now. They need capital for marketing for salaries for workforce or they can skimp thier way to profit as they have been doing very slowly for years

Absolutely amazing News today!  Definitely can see the progression to working together with the top homebuilders! $IVDN

Noted! The market is responding positively to that news. Seeing more accumulation with shares going into strong hands. $IVDN #long

Note the very strong revenue growth being mentioned in today's IVDN news:
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Innovative Designs sales for the current 2025 1st quarter, which is still in progress, show a comp increase in excess of 7 times sales in the 1st quarter of 2024. In addition, over a quarter of a million dollars in purchase orders are in the queue to be filled.

So are you saying that you don’t think the company has enough capital to grow the business the way it has been exponentially growing? How much money do you think the company needs to raise? Personally, I think with the way they are doing more business, they are also generating more profit to finance it. What other concerns do you have?

It is never too early to initiate a relationship with potential large buyers, funders, and acquirers. The cost of doing so, however, is that the company is places itself under a microscope every quarter. It means a small business needs to grow up and scale quickly in full view of an entire industry. It can be done, but it takes a lot of work. That means people and that means the company will need capital. In this case, I would fully support a capital raise. Without money, IVDN cannot hope to scale quickly.

Any of the discount brokers like Charles Schwab or E-Trade can be used to buy IVDN. The company is currently up to date on all of its required financial and other SEC filings so there should be no issues with placing buy orders.

$IVDN Great news for shareholders. Looking forward to hearing more from the company! #Homebuilding #CorporateGrowth #Insulation #Leadership #RealEstate #RevenueGrowth

$IVDN is very pleased to announce a new addition to the Company's Board of Directors, Mr. John Spagnolo Jr., an accomplished real estate investor and developer. https://finance.yahoo.com/news/innovative-designs-inc-welcomes-experienced-120000473.html

$IVDN Banging News!! Innovative Designs, Inc. Welcomes Experienced Real Estate Developer With Relations to Top Homebuilding Names Including D.R. Horton, NVR / Ryan Homes and More

https://www.newmediawire.com/news/innovative-designs-inc-welcomes-experienced-real-estate-developer-with-relations-to-top-homebuilding-names-including-d-r-horton-nvr-ryan-homes-and-more-7079052

$IVDN News: Innovative Designs, Inc. Welcomes Experienced Real Estate Developer With Relations to Top Homebuilding Names Including D.R. Horton, NVR / Ryan Homes and More

PITTSBURGH, PA - January 23, 2025 (NEWMEDIAWIRE) - Innovative Designs, Inc. (OTC Pink: IVDN) is very pleased to announce a new addition to the Company's Board of Directors, Mr. John Spagnolo Jr., an accomplished real estate investor and developer. For over 20 years Mr. Spagnolo, Jr. has been successful in building high end homes, residential and commercial properties and other development projects. Most notably, over the course of his career, Mr. Spagnolo, Jr., has nurtured relationships with key contacts at some of the most important companies in the multi-billion-dollar homebuilding and construction industry. These include D.R. Horton, NVR [Ryan Homes], Maronda Homes, Rockford Homes, Fischer Homes, Infinity Custom Homes and more.

Mr. Spagnolo Jr. is the owner of Sandy Hill Excavation and Development, offering excavation and site development for production builders, in addition to general contracting and project management for commercial and residential projects, as well as land acquisition for residential and commercial real estate developments in the Pittsburgh, Columbus and Nashville markets.

Among his many capabilities and responsibilities, Mr. Spagnolo, Jr. has directly managed vital functions including site construction, banking relationships, completing bids for construction projects, negotiating of buydown schedule and prices with builders, permits & approvals, completion of budgets & proformas, new home construction, residential remodeling and commercial construction. He has also purchased commercial strip centers, mobile home parks, purchased, rehabbed, and resold over thirty residential homes, purchased over 60 units of student housing and also 5 supermarkets.

Regarding his new role on the Innovative Designs Board of Directors, John Spagnolo Jr. stated: "I am strongly enthusiastic about the sales growth potential of the unique Insultex House Wrap® product in the building and remodeling environment that we see before us today. This is the primary reason I have accepted the offer to join the Innovative Designs team at this time. With its patented evacuated cell design, Insultex House Wrap® is catching on at the go-to solution for all the most important standards of thermal insulation that builders and remodelers must now meet to stay competitive and in compliance with new government building codes. In 2025 and beyond, I believe we can introduce the unmatched advantages of Insultex House Wrap® to building professionals on every level of the industry and I expect that they will want to use this superior insulation solution in significantly increasing quantities."

Joseph A. Riccelli, CEO of Innovative Designs added, "Welcoming John Spagnolo Jr. to the Innovative Designs Board of Directors is an exceptionally positive new development for our company and we are already working well together. With his extensive knowledge and experience in the building industry as well as his valuable contacts with some of the largest and most important building companies including D.R. Horton and NVR, I am greatly looking forward to all that John can bring to the Innovative Designs marketing program."

Mr. Riccelli continued, "As promised in my letter to IVDN shareholders in December, we are making every effort to keep investors well updated on our progress this year. We are presently completing our year-end 10K financial report and plans for our upcoming on-line, interactive shareholder meeting. We recently hired a new PCAOB auditing firm that has already exceeded our expectations, and we are collaborating closely with them to keep up with timely financial reporting. We look forward to updating you on all of our progress and sales growth again soon."

Innovative Designs sales for the current 2025 1st quarter, which is still in progress, show a comp increase in excess of 7 times sales in the 1st quarter of 2024. In addition, over a quarter of a million dollars in purchase orders are in the queue to be filled.

About Innovative Designs, Inc.

Innovative Designs, Inc. manufactures the Insultex® House Wrap and Arctic Armor® Line, under the "i.d.i.gear" label featuring INSULTEX®. Patented INSULTEX® is the thinnest, lightest and warmest insulator in the market today. For more information, please visit: http://www.insultexhousewrap.com and http://www.idigear.com

Disclaimer

Certain statements in this press release constitute "forward-looking" statements as defined by federal law. Such statements are based on assumptions, but there is no assurance that actual outcomes will not be materially different as those implied. Any such statements are made in reliance on the "Safe Harbor" protections provided under the Private Securities Reform Act of 1995 and are subject to various factors, including the risks and matters discussed in the Company's SEC filings available at http://www.sec.gov.

CONTACT:
Innovative Designs, Inc.
Joseph A. Riccelli, CEO
412-799-0350
riccellijjr@insultexhousewrap.com
http://www.insultexhousewrap.com

View the original release on www.newmediawire.com

Which broker can I use to buy IVDN?

Congratulations to Mr. Joseph Riccelli Jr.!

A well deserved decision by the BOD's to officially name him the permanent CEO. The increased sales and forward action decisions showed his great leadership, in the short time he has been running the Company. We all look forward to the Year End, and future Quarterly Reports, that will show why this might be the most underpriced stock on all of the markets.

Once we take more market share from the leaders of both the Moisture Barrier/House-Wrap, and (thanks to the new Govt.Continuous Insulation Code) the Insulation Industries, they will be racing to Etna Pa. to bid for the rights to license our one of a kind Disruptive Technology. This is just 1 of many industries that our material would be a game changer to anyone with the license to use our Evacuated Cell vacuum created material. 

Go to our website to see a picture of how, when used on the roof of a new room addition, this roof was the only one in the neighborhood with snow still on it. All of the others had the snow melted by the escaping heat. Again, this is just on many Industries that need our Energy Saving Golden Goose Insultex.

We now have a full time leader of the company that will make the proper decisions, to drive the sales to make us become what should be a Nationally known Brand, with a high stock value that it should be.

IVDN filed an 8K today covering more management improvements for the company's growth.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On January 10, 2025 the Board of Directors of the registrant (the “Board”) held a special meeting for the purpose of formally electing two new members of the Board of Directors and appointing two new officers.

On January 10, 2025, the Board unanimously approved and elected Joseph Riccelli Jr.as a member of the Board and unanimously approved and elected Mr. Riccelli as the permanent Chief Executive Officer, effective immediately.

On January 10, 2025, the Board unanimously approved John Spagnolo as a member of the Board.

On January 10, 2025, the Board unanimously approved and elected Donald Garlotta as the Secretary of the Board of Directors, effective immediately.

Link:
https://www.otcmarkets.com/filing/html?id=18119637&guid=B50-kqYg0VIfJth

$IVDN Insultex House Wrap is showing up on more home building and home improvement sites now. Here is a good example:
https://homeimprovementsupply.com/p-10494-insultex-house-wrap-5-foot-x-100-foot.aspx?gad_source=1&gclid=CjwKCAiAhP67BhAVEiwA2E_9gxWpENpgQBT06s8lOvpOWTQj2zelns3nVtee7dETPGkDw6J6ldH_CRoCbk0QAvD_BwE

25000

None of my shares for sale!!

Welcome Mr stock pick!!

How many shares, because I got some too.

Got all 4 filled !!

Hopefully you get filled soon. $IVDN

Got two more orders filled waiting on final order

Got my first order filled today waiting on my second order to fill

I can tell you that none of my IVDN shares are up for sale at this time. From the news we have been seeing, especially the company's latest announcement below, 2025 should show stronger and stronger sales results and all time record revenue generation here. There are a number of factors that have contributed to this "perfect storm," not the least of which is the new building codes going into effect across the US that specify exactly what IVDN's Insultex House Wrap offers. Competitors are not so fortunate and IVDN is gaining market share. This is a time to own IVDN stock, not to be a seller. Looks like more investors are realizing that now.

Innovative Designs Inc. Reports Record Sales Results to Shareholders
Dec. 30, 2024
Key points in this letter include:

2024 Fiscal Third Quarter Revenues More Than Doubled Same Period in 2023.
First Nine Months of Fiscal 2024 Delivered Over a 285% Increase Over 2023.
Accelerating Order Flow and Record Backlog in 2024 vs. No Backlog in 2023.
Increasing Production Capabilities to Meet Rising Demand.
Plans for Investor Conference Call / Shareholders Meeting in the company’s 2nd Quarter.
https://www.newmediawire.com/news/innovative-designs-inc-reports-record-sales-results-to-shareholders-7078758

My orders didn’t fill today will try again on Tuesday but seems people are holding tight I started at 0.29 went up to 0.31 and still didn’t fill when a lower order filled at 0.23 but number of shares was much less than my order

Trying to buy no one is selling

$IVDN Very good opportunity to buy at these levels.

I have an order in to buy at 0.29 someone sell me some shares