iFabric Corp Signs Agreement With Delos
MARKHAM, ONTARIO--(Marketwired - Dec 8, 2014) - iFabric Corp (TSX VENTURE:IFA), hereinafter referred to as "iFabric" or the "Company", today announced that its wholly-owned subsidiary company, Intelligent Fabric Technologies (North America) Inc. ("IFTNA"), has entered into a strategic production, sales and marketing agreement with Delos Merchandising LLC ("Delos"). The agreement provides Delos with the exclusive use of unique combinations of iFabric's products and technologies for products distributed by Delos in the hospitality and retail spaces as well as the non-exclusive use of all other products and technologies distributed by IFTNA.
"We are extremely excited to be working with an innovator such as Delos whose evidence based wellness technologies and designs have placed them at the forefront of a market opportunity that I believe is set to grow rapidly in the coming years," said Giancarlo Beevis, President and CEO of IFTNA. "The agreement with Delos provides us with the opportunity to not only showcase our class leading technologies as part of their WELLNESS suite, but also our abilities to source and supply finished products to Delos for use in premier hospitality and community environments around the globe. The combination of our wellness enhancing technologies added to the highest quality fabrics create an unrivaled line of home and hospitality linens and towels that will help to deliver important wellness benefits to consumers. The "Stay Well" line of linens will be available to both the home and hospitality markets in early Q1 of 2015," concluded Mr. Beevis.
ABOUT DELOS:
As the pioneer of Wellness Real Estate™, Delos® is transforming our homes, offices, schools, and other indoor environments by placing health and wellness at the center of design and construction decisions. Delos helps create spaces that actively contribute to human health, performance and wellbeing by marrying the best innovations in technology, health, science, and real estate. The Delos platform includes programming, consulting, research, and an array of innovative, built-in amenities that research suggests may improve occupant well-being. More information on Delos is available at www.delos.com.
ABOUT iFABRIC CORP:
iFABRIC CORP www.ifabriccorp.com currently has 25.2 million shares issued and outstanding.
iFABRIC is a manufacturer, distributor, licensor and licensee of proprietary compounds that render soft and hard porous surfaces intelligent, thereby improving the safety, health and well-being of the public at large. iFABRIC is also a manufacturer, distributor, licensor and licensee of ladies intimate apparel products and accessories.
FORWARD-LOOKING STATEMENTS
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.
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