iFabric Corp Reports Continued Revenue and Profit Growth for Second Quarter and Six Months Ended March 31, 2014

iFabric Corp (TSX VENTURE:IFA), hereinafter referred to as "iFabric" or the
"Company", today announced its financial results for its second quarter and six
months ended March 31, 2014.


HIGHLIGHTS:



--  Revenues of $2,911,274 as opposed to $2,286,330 in the quarter ended
    March 31, 2013, an increase of $624,944, or 27%. This increase was
    mainly attributable to the sale of anti- microbial products. Revenues
    for the six months were $5,917,058 compared to $3,493,503, representing
    an increase of $2,423,555 or 69%. This increase was attributable to both
    new apparel programs and sales of anti-microbial products. 
--  Operating profit for the second quarter was $342,308 compared to an
    operating profit of $376,188, representing a decrease of 9%. This
    decrease was attributable to increases in marketing and administrative
    costs incurred to facilitate future growth.
    For the six months, income from operations amounted to $656,331 compared
    to $329,241, an increase of $327,090 or 99%. 
--  After tax profit for the second quarter was $280,088 or $0.011 per share
    compared to an after tax profit of $24,478 or $0.001 per share for the
    quarter ended March 31, 2013. For the six months, after tax loss was
    $211,443 or $0.008 per share compared to an after tax profit of $36,889
    or $0.001 per share. This loss was due to share based compensation costs
    expensed as required under International Financial Reporting Standards
    ("IFRS") in connection with the issuance of warrants and share options. 
--  Working capital increased to $5,498,672 as at March 31, 2014, an
    increase of $378,702 since December 31, 2013. 
--  Shareholder Equity as at March 31, 2014 increased to $7,181,141 from
    $6,855,460 as at December 31, 2013, representing an increase of
    $325,681. 
--  Operating debt of zero and cash of $633,000 as at March 31, 2014.



"I am pleased to report that both our apparel and intelligent textile divisions
are now operating profitably, a significant milestone for our intelligent
textiles division. The company now has a base from which it can substantially
increase sales and profitability in all areas of the business," stated Mr.
Hylton Karon, President and CEO of iFabric.


Complete Financial Statements are available on www.sedar.com



FINANCIAL HIGHLIGHTS                                                        
                                                                            
                                       Quarter Ended         Six Months     
                                          March 31         Ended March 31   
                                         2014      2013      2014      2013 
                                            $         $         $         $ 
Revenue                             2,911,274 2,286,330 5,917,058 3,493,503 
                                                                            
Income from operations                342,308   376,188   656,331   329,241 
                                                                            
Share based compensation              (35,593) (273,145) (788,125) (273,145)
                                                                            
EBITDA                                481,472   110,394   162,416   173,862 
                                                                            
Net income (loss) after tax           280,088    24,478  (211,443)   36,889 
                                                                            
Net income (loss) per share             0.011     0.001    (0.008)    0.001 



ABOUT iFABRIC CORP:

iFABRIC CORP currently has 25.87 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

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
iFabric Corp.
Hilton Price
CFO
905 882-4513
[e-mail]


iFabric Corp.
Gary Perkins
416 882-0020
[e-mail]
www.ifabriccorp.com