iFabric Corp. Reports Financial Results for Its First Quarter Ended December 31st 2015
(firmenpresse) - MARKHAM, ONTARIO -- (Marketwired) -- 02/12/16 -- iFabric Corp. (TSX VENTURE: IFA), hereinafter referred to as "iFabric" or the "Company", today announced its financial results for its first quarter ended December 31st, 2015.
FIRST QUARTER ENDED DECEMBER 31st 2015 HIGHLIGHTS:
"I am most pleased with our performance for the quarter ended December 31st 2015 and in particular the improvement in our gross margins and furthermore, am pleased to report that our intelligent fabrics division is progressing well as we are now expanding our infrastructure to enable delivery and fulfilment of orders for our North American and International customers for major programs. As mentioned in our previous press release on December 29th, 2015 we project delivering chemical treatments for approximately 30 million yards of textiles in calendar 2016," stated Mr. Hylton Karon President and CEO.
Complete Financial Statements are available on and the company''s website:
FINANCIAL HIGHLIGHTS:
See table below.
ABOUT iFABRIC CORP:
iFABRIC CORP. currently has 25.9 million shares issued and outstanding. iFABRIC is a manufacturer, distributor, licensor and licensee of ladies intimate apparel products, sleepwear and accessories, and also is a developer and distributor of proprietary innovative products and treatments that are suitable for application to textiles, plastics, liquids, and hard surfaces. These products are designed to provide added benefits to the user.
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 Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Contacts:
iFabric Corp.
Hilton Price
CFO
647 465-6161
iFabric Corp.
Gary Perkins
416 882-0020
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Datum: 12.02.2016 - 07:30 Uhr
Sprache: Deutsch
News-ID 1414995
Anzahl Zeichen: 7350
contact information:
Contact person:
Town:
MARKHAM, ONTARIO
Phone:
Kategorie:
Apparel
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