MARKHAM, ONTARIO--(Marketwired - April 2, 2013) - iFabric
Corp. (TSX VENTURE:IFA), hereinafter referred to as "iFabric" or the
"Company", today announced that it's wholly-owned subsidiary company,
Intelligent Fabric Technologies (North America) Inc. ("IFTNA"), is to
become a supply partner to The North Face®. (Alameda, CA).
"I believe that IFTNA is an excellent addition to the supply
chain of The North Face" stated Hylton Karon President and CEO of
iFabric. "The North Face is viewed as a market leader in outdoor
apparel," Mr. Karon continued, "We are extremely excited about being
paired with such an elite brand" he added.
From technical climbing gear to casual apparel, The North
Face® brand delivers high performance, quality and style. The North Face
have earned the reputation as the ultimate, authentic outdoor brand.
Styles incorporating IFTNA supplied products are expected to be in
retail stores Spring 2014.
ABOUT iFABRIC CORP:
iFABRIC CORP currently has 25.2 million shares issued and
outstanding. iFABRIC is a manufacturer, distributor, licensor and
licensee of ladies intimate apparel products and accessories as well
proprietary chemical compounds that render fabrics intelligent, thereby
improving the safety and well-being of the wearer.
Forward-looking statements provide an opinion as to the
effect of certain events and trends on the business. Certain statements
contained in this news release constitute forward-looking statements.
The use of any words such as "anticipate", "continue", "estimate",
"expect", "may", "will", "project", "should", "believe" and similar
expressions are intended to identify forward-looking statements. These
forward-looking statements are based on current expectations and various
estimates, factors and assumptions and involve known and unknown risks,
uncertainties and other factors. Forward-looking information includes,
but is not limited to, statements with respect to the development
potential of the Company's products.
Forward-looking statements are based on the opinions and
estimates of management as of the date such statements are made. Readers
are cautioned not to place undue reliance on these statements as the
Company's actual results, performance, or achievements may differ
materially from any future results, performance or achievements
expressed or implied by such forward-looking statements if known or
unknown risks, uncertainties or other factors affect the Company's
business, or if the Company's estimates or assumptions prove inaccurate.
Therefore, the Company cannot provide any assurance that
forward-looking statements will materialize. The Company assumes no
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or any other reason except
as required by applicable securities laws.
Any financial outlook or future oriented financial
information in this news release, as defined by applicable securities
legislation, has been approved by management of iFabric. Such financial
outlook or future oriented financial information is provided for the
purpose of providing information about management's reasonable
expectations as to the anticipated results of its proposed business
activities. Readers are cautioned that reliance on such information may
not be appropriate for other purposes. The forward-looking statements
contained in this press release are made as of the date hereof and the
Company undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by
applicable securities laws.
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
iFabric Corp. / Hilton Price / CFO / 905 882-4513
hilton.price@rogers.com / www.ifabriccorp.com
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