Innovative Designs Domestic Manufacturing Update
(firmenpresse) - PITTSBURGH, PA -- (Marketwired) -- 11/04/15 -- Innovative Designs Inc. (OTCQB: IVDN) Foreign assembly has been completed on machinery to produce Innovative Designs'' insulation Insultex™. Shipping will occur within a few weeks. Upon arrival and set-up, Innovative Designs will begin domestic production of its Insultex™ insulation. Three major benefits that will occur are (1) The ability to now market and sell Insultex™ to Canadian accounts through the NAFTA Agreement, (2) Work with governmental contracts that specify products are required to be "Made in the U.S.A." and (3) Eliminate the high cost of shipping full containers into the United States. Innovative Designs CEO, Joseph Riccelli commented, "It''s all positives when it came to making this decision. The production capabilities of the machine are amazing. We will never be caught in an Insultex™ shortage with the ability to react and produce at a moment''s notice. Our Insultex House Wrap™ will now become price competitive outside of the U.S. market through the NAFTA agreement, eliminating the tariffs that currently exist."
The Company
Innovative Designs Inc. manufactures the Insultex® House Wrap, Arctic Armor® Line, under the "i.d.i.gear" label featuring INSULTEX®. INSULTEX® is the thinnest, lightest and warmest insulator in the market today. For more information, please visit or
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
CONTACT INFORMATION
Innovative Designs Inc.
Joseph Riccelli
412-799-0350
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Datum: 04.11.2015 - 06:00 Uhr
Sprache: Deutsch
News-ID 1396776
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Textiles
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