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IFA

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Share Name Share Symbol Market Type
TSXV:IFA TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

iFabric Corp Provides Update on Intelligent Fabric Patents and Submissions

13/08/2012 6:22pm

Marketwired Canada


iFabric Corp ("IFA.V") (TSX VENTURE:IFA), hereinafter referred to as "iFabric"
or the "Company", today announced that a Notice of Allowance of Patent has been
received from the Canadian Intellectual Property Office in respect of its
ENGUARD(R) insect repellent fabric.A United States patent was previously granted
in March 2009.


"The grant of these patents is just a first step in the wide scale
commercialization of products containing our proprietary ENGUARD(R) technology,
as regulatory approvals from both the Environmental Protection Agency ("EPA") in
the US and Health Canada ("HC") are required before such products can be sold in
our exclusive markets," said Hylton Karon, President and CEO. "Our Canadian
regulatory submission to the Pest Management Regulatory Agency ("PMRA"), a
division of HC, has been filed and we are well into the final stages of review.
In addition, we are currently readying our EPA submissions," added Mr. Karon.


ENGUARD(R) insect repellent clothing has been clinically tested and proven at
the London School of Hygiene & Tropical Medicine, where Nigel Hill, Medical
Entomologist explained, "The fabric performed exceptionally well in our tests
against hungry mosquitoes. It continually re-impregnates itself with fresh
repellent during normal use giving long term protection without the need to
continually add more chemical." This has been confirmed by the Company's own
testing which was conducted by a top North American laboratory. 


ENGUARD(R) mosquito repellant is 100% insecticide free, is non-invasive, and is
activated simply by rubbing or scrunching the fabric which releases a fresh
smelling vapor which is safe for the whole family. The activated fabric creates
a comforting and long-lasting protective area around the wearer and is durable
to repeated washes. 


"It is the company's intention to add additional products like sprays, utilizing
the same technology to the family of ENGUARD(R) products," added Mr.Karon.


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.


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