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Delinquent sign reporting status still showing on the OTC Market IVDN Website. What a way to run a company on an important informational site.
This CEO needs some real serious help, to have gone this long on a shoe string and to have gone backwards for so long really questions if and really when things may change here in really moving forward where it counts, into the positive revenue department. Now into again another last third of yet another month and this stock is no better off than many a year realistically tells a Lot here. MOO
Dickmo, I agree, patience is important, but over two decades worth and this stock having gone backwards is a little too much. We shareholders’s have seen what the lack of good management can do to any company and we are still seeing that currently. Based on this company’s long history of not progressing ahead there is, as we all can see, no reason to believe that this stock will really ever make the grade, we can consider ourselves lucky if we ever see the high $.20s again ever mind some of the wild predictions of this stock ever getting to the $ 20.00 area. REALITY always comes to the forefront. MOO
Patience is always important, especially when dealing with microcaps. One cannot have unreasonable expectations. Miracles take some time, but they do happen.
I am not looking for wealth. I just want $2 a share and sell out my position. $40K will buy me a new RV or boat for the lake.
I am a long term investor, over a decade. I am in my 70's like our idiot CEO. Any longer and I will be dead. Our CEO doesn't have many years left either. Joe will never see any wealth from all his work (jajaja)
I am only here riding on the houses money having pulled my initial investment money out when the stock last hit $2 a share about 10 years ago.. Otherwise I would have been long gone by now.
Hey GD11, aren't you going on close to 20 years tying up your money in IVDN. Are you still purchasing stock and chasing after the dragon.
Nobody is investing in IVDN as long as Joe Riccelli is running things.
Great post. $IVDN is a growth stock and is for long term investors. Patience is one of the keys to wealth, along with buying growth stocks like IVDN that have massive potential.
With IVDN now on track for a record sales year in 2024, this key investment principle could not be more appropriate:
The Power of Patience: Warren Buffett’s Advice on Investing in the Stock Market
Quote:
The stock market is a device for transferring money from the impatient to the patient.
Analysis of the quote
The quote “The stock market is a device for transferring money from the impatient to the patient” was written by none other than Warren Buffett, widely regarded as one of the greatest investors of all time. Buffett is the chairman and CEO of Berkshire Hathaway, a multinational conglomerate holding company with a diverse portfolio of businesses in insurance, energy, railroads, manufacturing, and retail. As of the 2nd of March 2023, the oracle of Omaha has amassed a net worth of more than $100 billion over the course of his career, owing largely to his astute stock market investments. Buffett’s investment philosophy revolves around identifying high-quality companies with strong competitive advantages and investing in them for the long term, often with a holding period of 10 years or even more. A strategy also known as value investing.
Source:
https://www.simtrade.fr/blog_simtrade/the-power-of-patience-advice-from-warren-buffett/#:~:text=The%20quote%20%E2%80%9CThe%20stock%20market,greatest%20investors%20of%20all%20time.
This stock just cannot get out of it’s own way,.the real belief is just not here as proven by the investing public, there seems to be no question here, management seems to not be trusted in being able to really do what is necessary at given time to move this stock up to any real decent level, and after two decades that is truly what it is all about here. MOO
Hey GD11, this idiot would like you to educate me on how smart an investor your are. Please share with all of us how much money you have made investing in IVDN for last 18 years.
Aren't you loading up now at these cheap prices?
Explain why Joe Riccelli is your superhero.
Teach me!!! This idiot wants you wisdom.
Performance Overview
Return IVDN S&P 500
YTD -30.95% +15.04%
1-Year -60.81% +24.43%
3-Year -42.00% +29.97%
This is all after the FTC trial. Why would anybody purchase IVDN stock? Pathetic!!!
Any other CEO would have been shown the door with a record like this.
Meanwhile this stock is paying no attention to what has been and is repeatedly being put out about how better sales and everything else is now going currently, ask ourselves why, I believe we all know why, because of the long repetitive history of this company. One long path of going nowhere has this stock in 2024 in a reality zone that this stock has not been able to move out from. A lot of talk but still no walk when it comes to the IVDN stock price, prove me wrong by way of IVDN’s stock price then I might believe in IVDN’s future , of which I believe is the sentiment of most folks now looking at this company or this stock would not be floundering around lower again now in June 2024! MOHO
The only credibility is in what this stock says, that is fact, try selling, after two decades and see what credibility will get you, maybe $.149, and again maybe less.
The real facts are that IVDN has strongly rising sales (FY 2024 is already double all of last year), new customers, new distributors, patent protection, little debt, insider buying, a small share structure with a very low float of only 16 million shares out, all legal issues resolved in the company's favor and, of course, the highest performing House Wrap insulation on the market with its unique evacuated cell structure delivering an R-6 value that no competitor can mach.
All of this has come together as a result of IVDN management's diligent work over the past several years and has brought the company to its strongest position ever for 2024 and beyond. Everything is well detailed in the official company news below which is fully accountable to the SEC for truthfulness and accuracy. Anything else posted by anonymous individuals on chat boards is accountable to no one and has no credibility at all.
Innovative Designs Sales Update
May 30, 2024
https://finance.yahoo.com/news/innovative-designs-sales-110000236.html
Innovative Designs Vendor Growth
April 10, 2024
https://finance.yahoo.com/news/innovative-designs-vendor-growth-174255528.html
World International Patent Organization (WIPO) Application Accepted on Superior Insulation Advancement to Maximize Global Marketing Opportunities for Innovative Designs, Inc.
Dec. 27, 2023
https://www.newmediawire.com/news/world-international-patent-organization-wipo-application-accepted-on-superior-insulation-advancement-to-maximize-global-marketing-opportunities-for-innovative-designs-inc-7071640
LIG Assets, Inc. Announces Agreement With Insultex House Wrap
October 30, 2023
https://www.globenewswire.com/en/news-release/2023/10/30/2769422/0/en/LIG-Assets-Inc-Announces-Agreement-With-Insultex-House-Wrap.html
Innovative Designs Inc. Receiving Orders From Numerous New Client Accounts for Top Performing Insultex House Wrap With Unmatched R-6 Insulation Value
October 26, 2023
https://www.globenewswire.com/news-release/2023/10/26/2767843/0/en/Innovative-Designs-Inc-Receiving-Orders-From-Numerous-New-Client-Accounts-for-Top-Performing-Insultex-House-Wrap-With-Unmatched-R-6-Insulation-Value.html
Innovative Designs Adds New Accounts
October 2, 2023
https://www.globenewswire.com/news-release/2023/10/02/2752606/0/en/Innovative-Designs-Adds-New-Accounts.html
Innovative Designs, Inc. Receives $100,000 Direct Private Investment from Board Member Mr. Robert K. Adams
June 5, 2023
https://www.globenewswire.com/news-release/2023/06/05/2682134/0/en/Innovative-Designs-Inc-Receives-100-000-Direct-Private-Investment-from-Board-Member-Mr-Robert-K-Adams.html
Innovative Designs, Inc. Receives Significant New Orders for Its Unmatched Insultex House Wrap from Two Repeat Customers
June 1, 2023
https://www.globenewswire.com/news-release/2023/06/01/2680753/0/en/Innovative-Designs-Inc-Receives-Significant-New-Orders-for-Its-Unmatched-Insultex-House-Wrap-from-Two-Repeat-Customers.html
Innovative Designs Receives Patent for Propriety Process With Low Density Foam
April 20, 2023
https://www.globenewswire.com/news-release/2023/04/20/2651420/0/en/Innovative-Designs-Receives-Patent-for-Propriety-Process-With-Low-Density-Foam.html
Where are the real investor? We have the same 250 shareholders. Real investors are purchasing other stocks. They are smart enough to stay away from Joe Riccelli.
Real investor are not paying attention to your posts. Real investors won't purchase IVDN stock.
GD11,idiots? For posting the truth about our incompetent CEO? He is an old 75 years. Kind of like Biden. He is sickly and kind of feeble. He is a total failure. Why do you support him?
Tell us all about the great business mind of Joe Riccelli. Tells us about all his lifelong accomplishments. You can't. He is just a poor used car salesman that can't sell the golden Cadillac.
You have lost money on your investment in IVDN. Stock market is booming and IVDN is in the sh-tter, where it has been for over a decade.
Everything posted by Profitscout and Jedi (I think they are the same person) is total BS. Just puking out the company line. Few if any pay attention to the company. news. Nobody is investing in IVDN. Nobody wants IVDN stock.
This company is going nowhere until Joe Riccelli moves on. Nobody is investing in him. Corning, DuPont, Kimberly Clark are not knocking at IVDN's door. Nobody is buying us out.
Profitscout, accountable to the SEC? Really? When was the last shareholders meeting? NEVER!!!!! I never voted for any of our directors. What has the BOD done to protect shareholders (except diluting our stock and putting it in their pockets)? I would love to see an SEC investigation. I would be willing to lose the $4000 my stock is worth just to see Joe Riccelli rot in prison for the rest of his life.
It is criminal how IVDN has a revolutionary, game changing product with so many different uses, not have proper management.
GD11, see if you can post an intelligent response with out calling anyone an IDIOT. Tell us all how great our CEO is.
I want this company to be successful. I want to see $2 a share. I want to purchase some new toys before I die.
Spot on Scout!
How foolish are idiots like bg and sr going to look?
Success is always the best revenge
GD11
This company is still showing every day,week,month, and year what investing into iVDN’s stock holds for it’s regular shareholder‘s, it has floundered around for so long trying to hold onto whatever shareholder’s count it has, at last count, 247, while all that has happened has been the weakening of the bottom line of owning this stock, it’s price. I agree with berigud, even if this company were to report around $500,000 in it’s next report it would not mean much when seeing how large the industry that IVDV is in is and how small a share IVDN holds in this industry after so many years that IVDN has been around.. This stock has gone backwards when comparing 2024 values compared to ten or fifteen years back. MOO. Everyone must do their own research to come up with their own decisions.
$IVDN sells the highest performing House Wrap insulation on the market with its unique evacuated cell structure delivering an R-6 value that no competitor can match as sales are increasing. https://finance.yahoo.com/news/innovative-designs-sales-110000236.html
berigud, so far, and that is a long time, you have hit the nail right on the head with this one, SAD situation, dragging along as it is. Within the last few years from $.40 to $.15, Wow what a return on ones investment.
Since the high sales and revenue surge for the latest IVDN fiscal quarter has already been reported in the company's official news on April 10th and May 30th, it is already a verified fact. As a fully reporting OTCQB listed equity, IVDN management is 100% accountable to the SEC for accuracy and truthfulness in everything they state in any public announcement. This includes press releases, the company website, Twitter (X) and the company filings. Real investors know this. Anonymous persons posting off-handed comments on chat boards have zero accountability to anyone and therefore zero credibility. Real investors know this too. There is plenty of verified and valuable information on the growing success of the IVDN business plan in the official news below.
Innovative Designs Sales Update
May 30, 2024
https://finance.yahoo.com/news/innovative-designs-sales-110000236.html
Innovative Designs Vendor Growth
April 10, 2024
https://finance.yahoo.com/news/innovative-designs-vendor-growth-174255528.html
World International Patent Organization (WIPO) Application Accepted on Superior Insulation Advancement to Maximize Global Marketing Opportunities for Innovative Designs, Inc.
Dec. 27, 2023
https://www.newmediawire.com/news/world-international-patent-organization-wipo-application-accepted-on-superior-insulation-advancement-to-maximize-global-marketing-opportunities-for-innovative-designs-inc-7071640
LIG Assets, Inc. Announces Agreement With Insultex House Wrap
October 30, 2023
https://www.globenewswire.com/en/news-release/2023/10/30/2769422/0/en/LIG-Assets-Inc-Announces-Agreement-With-Insultex-House-Wrap.html
Innovative Designs Inc. Receiving Orders From Numerous New Client Accounts for Top Performing Insultex House Wrap With Unmatched R-6 Insulation Value
October 26, 2023
https://www.globenewswire.com/news-release/2023/10/26/2767843/0/en/Innovative-Designs-Inc-Receiving-Orders-From-Numerous-New-Client-Accounts-for-Top-Performing-Insultex-House-Wrap-With-Unmatched-R-6-Insulation-Value.html
Innovative Designs Adds New Accounts
October 2, 2023
https://www.globenewswire.com/news-release/2023/10/02/2752606/0/en/Innovative-Designs-Adds-New-Accounts.html
Innovative Designs, Inc. Receives $100,000 Direct Private Investment from Board Member Mr. Robert K. Adams
June 5, 2023
https://www.globenewswire.com/news-release/2023/06/05/2682134/0/en/Innovative-Designs-Inc-Receives-100-000-Direct-Private-Investment-from-Board-Member-Mr-Robert-K-Adams.html
Innovative Designs, Inc. Receives Significant New Orders for Its Unmatched Insultex House Wrap from Two Repeat Customers
June 1, 2023
https://www.globenewswire.com/news-release/2023/06/01/2680753/0/en/Innovative-Designs-Inc-Receives-Significant-New-Orders-for-Its-Unmatched-Insultex-House-Wrap-from-Two-Repeat-Customers.html
Innovative Designs Receives Patent for Propriety Process With Low Density Foam
April 20, 2023
https://www.globenewswire.com/news-release/2023/04/20/2651420/0/en/Innovative-Designs-Receives-Patent-for-Propriety-Process-With-Low-Density-Foam.html
Simple !!!!!!!! Nobody will invest in IVDN as long as Joe Riccelli is CEO. He has proven that he is incompetent. He is an old man, sickly, and in poor health. NOBODY with money will give that idiot anything. Searay, Joe is the reason IVDN is wallowing in sh-t for the last decade.
Most posters here are just plain delusional. The think this stock is worth $20-30 a share. They have been thinking that for a decade. I will sell my 20,000 shares for $2.00 today.
This stock is priced right where it should be. Get rid of Joe and we will be $1 a share overnight. Millions of dollars, sitting on the sidelines, will flow into IVDN.
Then you have the cheerleaders, getting paid to regurgitate the same crap over and over again. Nobody believes their posts are true. Nobody pays any attention to their post.
The next quarter will be one of the best that IVDN has ever done. Maybe $500K in sales in a multi-million dollar market.. The 4th quarter will s-ck big time. Stock price will remain about the same as today.
I have a spare $50K laying around. I won't give IVDN one cent until our CEO moves on. Once Joe is gone I will purchase more stock. So will many others sitting on the sideline.
This company is a great example of "BUSINESS MALPRACTICE"
With due respect ProfitScout, if the next release is going to be a banner one, why are there more folks selling IVDN stock than buying it while IVDN’s stock price is staying on the lower side of low? As usual only with the continual passing of time will it be known if this company stays alive and moves forward or becomes extinct. In reality why would this stock act like it is if this company is doing better?
IVDN is about to file a banner quarterly report for its fiscal Q2 which will show that sales of its superior Insultex House Wrap product have already exceeded all of the company's results for the full 2023 fiscal year. This has been pre-announced in the last two IVDN news releases:
Innovative Designs Sales Update
May 30, 2024
https://finance.yahoo.com/news/innovative-designs-sales-110000236.html
Innovative Designs Vendor Growth
April 10, 2024
https://finance.yahoo.com/news/innovative-designs-vendor-growth-174255528.html
This stock bas not touched this low for awhile, again, so much for the repetitive statements about IVDN, the belief has still been faltering here.
Excellent post Profitscout, IVDN's Insultex House Wrap (TM) with an R-6 Rating, is unmatched by any competitive product. #Bullish
$IVDN: Homebuilders & Remodelers can achieve the highest energy efficiency from Insultex House Wrap (TM) with an R-6 Rating unmatched by any competitive product. A patented evacuated cell structure makes it possible. We also add a moisture barrier. Visit: http://insultexhousewrap.com
$IVDN: Homebuilders & Remodelers can achieve the highest energy efficiency from Insultex House Wrap (TM) with an R-6 Rating unmatched by any competitive product. A patented evacuated cell structure makes it possible. We also add a moisture barrier. Visit: https://t.co/LWNDwJdvsP pic.twitter.com/2h47RL87b5
— Innovative Designs, Inc (Stock: $IVDN) (@riccelli_joseph) June 11, 2024
247 IVDN shareholders and no one has been willing to bid this thing up, under what is said to be the present circumstances, to at least into the $.20s, no reason to ask why!
$IVDN: Our patented Insultex House Wrap (TM) can make a real contribution to carbon reduction with its R-6 Rating, unmatched by any competitive product. A unique evacuated cell design makes this possible. Better Insulation = Less demand from carbon emitting energy suppliers.
$IVDN: Our patented Insultex House Wrap (TM) can make a real contribution to carbon reduction with its R-6 Rating, unmatched by any competitive product. A unique evacuated cell design makes this possible. Better Insulation = Less demand from carbon emitting energy suppliers. https://t.co/4XFYbvPjVs
— Innovative Designs, Inc (Stock: $IVDN) (@riccelli_joseph) April 8, 2024
$IVDN: The very best choice for low carbon, high performance insulation is our Insultex House Wrap (TM) with an R-6 Rating no competitive product can match. A patented evacuated cell design makes this possible, plus we add a moisture barrier. Visit: http://insultexhousewrap.com
$IVDN: The very best choice for low carbon, high performance insulation is our Insultex House Wrap (TM) with an R-6 Rating no competitive product can match. A patented evacuated cell design makes this possible, plus we add a moisture barrier. Visit: https://t.co/7DxiK14ftf pic.twitter.com/4GMbIHsSDa
— Innovative Designs, Inc (Stock: $IVDN) (@riccelli_joseph) June 9, 2024
It is still the same situation here, all the news etc having absolutely no effect on this stock, it seems no one will believe what is being said until and if this company proves that this time it has really turned the.corner, it has been a mighty lone time in going nowhere here.
Not many shares traded at all so far this week, reality.
paytheask, not much going on in the way of seeing more life in this stock where it counts, the price of IVDN’s stock, just more repetition happening so far as IVDN’s history in reality shows day in and day out. The many regular shareholder’s have waited a very long time here, the next legally financial report to The Sec has got to show a much better one, for lack of seeing better net results could mean seeing this stock fall to an even lower level than the current $.15-.17 area. MOO
IVDN is about to file a banner quarterly report for its fiscal Q2 which will show that sales of its superior Insultex House Wrap product have already exceeded all of the company's results for the full 2023 fiscal year. This has been pre-announced in the last two IVDN news releases:
Innovative Designs Sales Update
May 30, 2024
https://finance.yahoo.com/news/innovative-designs-sales-110000236.html
Innovative Designs Vendor Growth
April 10, 2024
https://finance.yahoo.com/news/innovative-designs-vendor-growth-174255528.html
What is going on here nowadays? Been very quiet it Appears
$IVDN: Insultex House Wrap meets or exceeds the new, more stringent building code standards where competitive products do not. https://finance.yahoo.com/news/innovative-designs-sales-110000236.html
I agree with you that our share price is low and because it barely trades at all, that may be considered a bad thing. But here’s a good thing, no let me change it., here is a great thing. Nobody knows about our company and what we have. What that means is, fingers crossed, things go the way I am expecting over the next five or six months. That is we finally get certified quantitatively, that our Insultex material using our patented disruptive technology of evacuated cells creating an R-6 (and potentially even twice that R) Value.
Now because nobody on Wall Street knows who we are or what we have, and because just literally maybe a dozen or two follow the stock regularly, just we few really know all about this public information. As a stated previously, this public information is almost like inside information, again because no one follows us, so when we see the company putting out a PR showing that our product has received the ICC certification, even if the stock doubles or triples, the fact that we will be able to buy tens of thousands/hundreds of thousands of shares before the world knows it will be like stealing.
The reason I say this is yes our sales that we report will be multiple times greater than now, and the share price would easily go to a couple dollars or more, but that’s not what the long play is. The long play is, and before it was just for house-wrap companies to buy us out because whoever owns this, will dominates the industry even greater than Tyvek does now.
As great as that would be, and I like to think worth at least $20 a share, now with the government code requiring continuous insulation, every insulation company will need to buy us out or else they will be losing around 30% of the total R/value business that they do. Add on top of that, not only would they dominate their insulation industry, but now they would be adding multibillion dollars worth of moisture barrier. So whoever buys this out, let me change that, whoever we license it to (because there’s so many other industries that need our material that we also would want a license it to) will dominate with two major construction industries, moisture, barrier and insulation!
Let the bidding start at $25 a share.
So as far as the daily volume of trading on our stock, in a way I love that it’s so low. If I wanted to be another moisture barrier company that keeps gaining market share, doing a couple million next year and more after that, getting our stock up to four or five dollars over time, I would be caring about how it’s trading now. But as stated above, the play is for this stock percentage wise potential increase will make the runs of Nvidia, Tesla back in the day, Apple back in the day seems pedestrian.
This new government continuous insulation building code, and I guarantee you every company is either trying to make it, or is looking for someone that can do this, is a game changer, to the game changer we already were. As soon as we get certified, and all the states authorize our material to be approved, is when the rocket will take off. I wouldn’t be surprised, if not only the Construction Companies/Architects/Home Builders, but all of these state governments are looking for a company that can provide what we can already do. We just need the quantitative data showing it although the historical proof and testimonials could be enough for them to realize we are the answer.
$IVDN: Green Builders can ensure the highest thermal efficiency with our Insultex House Wrap (TM) delivering an unmatched R-6 rating. A patented evacuated cell design makes this possible. We also add a moisture barrier and other advantages. Visit: http://insultexhousewrap.com
Absolutely. Will be exciting to see what happens next.
$IVDN: Green Builders can ensure the highest thermal efficiency with our Insultex House Wrap (TM) delivering an unmatched R-6 rating. A patented evacuated cell design makes this possible. We also add a moisture barrier and other advantages. Visit: http://insultexhousewrap.com
$IVDN: Green Builders can ensure the highest thermal efficiency with our Insultex House Wrap (TM) delivering an unmatched R-6 rating. A patented evacuated cell design makes this possible. We also add a moisture barrier and other advantages. Visit: https://t.co/7DxiK13HDH pic.twitter.com/86ytmF03j2
— Innovative Designs, Inc (Stock: $IVDN) (@riccelli_joseph) May 29, 2024
The little trading going on of IVDN reflects absolutely nothing of a company supposedly doing better. IVDN has been on a repetition schedule for so long that it’s stock does not know any difference. Now into the eight month of this company’s business year and it is still is floundering around. MOO
Note in this week's IVDN announcement that one of the driving factors for the growing success of Insultex sales in 2024 is the implementation of new building codes that require higher energy efficiency and a continuous insulation property. IVDN management, and its key sales agents such as Built Link Solutions, we very sharp to recognize that Insultex House Wrap meets or exceeds these new, more stringent building code standards where competitive products do not.
From the news:
As new energy codes are implemented across the United States, homebuilders/contractors are using Insultex House Wrap(R) as a convenient R-Value continuous insulation to a wall system.
As building codes and exterior R-Value requirements are quickly evolving across the country, Built Link Solutions has proven highly proactive in contacting prospective accounts, notifying them of the cost-effective solution that our Insultex House Wrap(R) provides.
Randy Kimbler, Director of Business Development for Built Link Solutions, commented, "Insultex House Wrap(R) is gaining traction in the market as it provides a timely and effective solution. Its cost-effectiveness, innovation, and ability to address today's building challenges are driving positive feedback nationwide."
All of this is great news, but, until IVDN meets the net revenue surge that, as everyone can see by the not buying up of IVDN shares at higher prices is worthless, we need to see the legal reporting to the Sec of how much revenues are actually rising after expenses , not just saying so far, a 33% increase over last year. Folks by way of where the stock price area has been presently shows why this stock has not risen in a long time since news started coming out, legally reporting to The Sec will be the difference here as to which way IVDN’s stock will go, I hope it’s drastically up to make up for all the years that this thing has floundered around. MOO
$IVDN Innovative Designs, Inc. (OTCQB: IVDN) continues its upward sales trend into the end of May 2024. Year-to-date sales have already surpassed FYE2023 by over 33% with 5 months remaining in FYE2024. The growth is attributed to a substantial increase in the number of new retailers that are now carrying the company's Insultex House Wrap(R).
Most other stocks that have pushed out statements and pictures on their products over the time that IVDN has taken would have seen their stock rise some, but not this one, considering where this one dropped from the $.40 area quite awhile back. The chart on IVDN, considering all that has been tried here, including being a low float and low OS share company has done nothing to see more shareholder’s bid this thing up into at least the $.20 - .25 area. The statement of a 33% increase in business so far this year has done absolutely nothing, why, reality here presently tells why, no one thinks and believes enough in this company to pay anymore than at the level it is at because of knowing of it’s long history does not warrant doing so, only when it has proved, if it ever does prove that it has finally made the turn into being a good profitable company is sound reasoning. Meanwhile we can bet that one of the Giant Company’s in this same industry is not just sitting around and not well on their way to inventing the next better product to take the business to the next even much greater level. MOO
Anyone noticing news out today and still only 2000 shares traded today so far and the trades shown on IHub are as sells. It is taking a lot more in the way of having to legally report a surge in net revenues in order to even move this stock up to the $.20s again. Without the legal reporting of a surge in revenues so far this thing has proven that it is still not going anywhere. MOO
More excellent confirmation of the growing IVDN sales in today's official news from the company. It is especially positive to see the recognition of the Built Link Solutions sales team which is now responsible for much of the Insultex new market share that is being gained. A superior product and a capable sales team are just the right ingredients for success.
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PITTSBURGH, PA - (NewMediaWire) - May 30, 2024 - Innovative Designs, Inc. (OTCQB: IVDN) continues its upward sales trend into the end of May 2024. Year-to-date sales have already surpassed FYE2023 by over 33% with 5 months remaining in FYE2024. The growth is attributed to a substantial increase in the number of new retailers that are now carrying the company's Insultex House Wrap(R). As new energy codes are implemented across the United States, homebuilders/contractors are using Insultex House Wrap(R) as a convenient R-Value continuous insulation to a wall system.
Our notable growth in sales can be attributed to Built Link Solutions (Formerly Compound Construction) based in Grand Rapids, MI. Built Link Solutions is working to become the primary source for industry professionals, innovators, and stakeholders to discover, evaluate, and adopt the latest advancements in building materials, tools and technologies. Having curated a comprehensive national distribution network, they bring pioneering solutions like Insultex House Wrap(R) to market, propelling the evolution of the construction industry towards a future where innovation thrives, and buildings meet the needs of tomorrow. Since coming onboard, Built Link Solutions has:
Established a comprehensive national distribution network to service customers where they are when they need it.
Grown national awareness of product benefits and specifications through their dedicated sales agents and attendance at building industry trade shows across the country.
Conducted in-person sales training and online seminars to educate sales associates on Insultex House Wrap(R).
Streamlined the sales process to deliver consistent and superior level service to customers of all sizes and needs.
Implemented volume pricing models and incentive discounts to meet the needs for scale and demand.
As building codes and exterior R-Value requirements are quickly evolving across the country, Built Link Solutions has proven highly proactive in contacting prospective accounts, notifying them of the cost-effective solution that our Insultex House Wrap(R) provides.
Randy Kimbler, Director of Business Development for Built Link Solutions, commented, "Insultex House Wrap(R) is gaining traction in the market as it provides a timely and effective solution. Its cost-effectiveness, innovation, and ability to address today's building challenges are driving positive feedback nationwide."
About Innovative Designs, Inc.
Innovative Designs, Inc. manufactures the Insultex(R) House Wrap and Arctic Armor(R) Line, under the "i.d.i.gear" label featuring INSULTEX(R). Patented INSULTEX(R) is the thinnest, lightest, and warmest insulator in the market today. For more information, please visit http://www.idigear.com or http://www.insultexhousewrap.com.
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 http://www.sec.gov.
CONTACT:
Innovative Designs, Inc.
Joseph Riccelli, CEO
412-799-0350
joer@idigear.com
http://www.insultexhousewrap.com
Built Link Solutions
Randy Kimbler, Dir. Business Development
616-443-3200
RandyK@Builtlinksolutions.com
https://finance.yahoo.com/news/innovative-designs-sales-110000236.html
Agreed! Can't wait to see it reflected in the financials. With a low float and small share structure, this should be interesting to see.
Congratulations to $IVDN for spectacular News!
$IVDN NEWS: Innovative Designs Sales Update
via NewMediaWire
Thu, May 30, 2024, 7:00 AM EDT
In this article:
IVDN
PITTSBURGH, PA - (NewMediaWire) - May 30, 2024 - Innovative Designs, Inc. (OTCQB: IVDN) continues its upward sales trend into the end of May 2024. Year-to-date sales have already surpassed FYE2023 by over 33% with 5 months remaining in FYE2024. The growth is attributed to a substantial increase in the number of new retailers that are now carrying the company's Insultex House Wrap(R). As new energy codes are implemented across the United States, homebuilders/contractors are using Insultex House Wrap(R) as a convenient R-Value continuous insulation to a wall system.
Our notable growth in sales can be attributed to Built Link Solutions (Formerly Compound Construction) based in Grand Rapids, MI. Built Link Solutions is working to become the primary source for industry professionals, innovators, and stakeholders to discover, evaluate, and adopt the latest advancements in building materials, tools and technologies. Having curated a comprehensive national distribution network, they bring pioneering solutions like Insultex House Wrap(R) to market, propelling the evolution of the construction industry towards a future where innovation thrives, and buildings meet the needs of tomorrow. Since coming onboard, Built Link Solutions has:
Established a comprehensive national distribution network to service customers where they are when they need it.
Grown national awareness of product benefits and specifications through their dedicated sales agents and attendance at building industry trade shows across the country.
Conducted in-person sales training and online seminars to educate sales associates on Insultex House Wrap(R).
Streamlined the sales process to deliver consistent and superior level service to customers of all sizes and needs.
Implemented volume pricing models and incentive discounts to meet the needs for scale and demand.
As building codes and exterior R-Value requirements are quickly evolving across the country, Built Link Solutions has proven highly proactive in contacting prospective accounts, notifying them of the cost-effective solution that our Insultex House Wrap(R) provides.
Randy Kimbler, Director of Business Development for Built Link Solutions, commented, "Insultex House Wrap(R) is gaining traction in the market as it provides a timely and effective solution. Its cost-effectiveness, innovation, and ability to address today's building challenges are driving positive feedback nationwide."
About Innovative Designs, Inc.
Innovative Designs, Inc. manufactures the Insultex(R) House Wrap and Arctic Armor(R) Line, under the "i.d.i.gear" label featuring INSULTEX(R). Patented INSULTEX(R) is the thinnest, lightest, and warmest insulator in the market today. For more information, please visit http://www.idigear.com or http://www.insultexhousewrap.com.
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 http://www.sec.gov.
CONTACT:
Innovative Designs, Inc.
Joseph Riccelli, CEO
412-799-0350
joer@idigear.com
http://www.insultexhousewrap.com
Built Link Solutions
Randy Kimbler, Dir. Business Development
616-443-3200
RandyK@Builtlinksolutions.com
https://finance.yahoo.com/news/innovative-designs-sales-110000236.html
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https://lindusconstruction.com/blog/insultex-house-wrap-future-home-weatherization/
Lindus Construction is proud to announce our partnership with Insultex™ House Wrap®. Our C.O. O. Andy Lindus believes that Insultex™ House Wrap®
will allow us to continue revolutionizing our industry meeting the new standards for side wall laws.
Lindus Construction is the exclusive distributor in Minnesota, Wisconsin, Iowa & North Dakota.
----INNOVATIVE DESIGNS (IVDN) Markets INSULTEX HOUSE WRAP --- THE THINNEST INSULATED HOUSE WRAP WITH AN R-VALUE----
Insultex House Wrap ® is a closed-cell foam composite with superior drainage and R-Value.
This certified product meets or exceeds the competition in air and water resistance moisture vapor permeability and durability.
----Innovative Designs, Inc. (IVDN) offers the Arctic Armor™ Suit. Each Arctic Armor™ suit utilizes 3 layers of our exclusive thermal insulator Insultex® ----
One layer of Insultex® protects a person to sub-zero temperatures.
Insultex™ is the high performance alternative to other insulating products. Being pliable, thin, waterproof, and warm, manufacturers now choose to implement Insultex into their products because the insulation provides their products with the high performance without the bulk. Manufacturers may laminate, perforate, and sew Insultex™, making it an extremely versatile material.
Insultex’s™ new cellular structured low-density polyethylene features buoyancy, impermeability, and resistance to cold temperatures. Insultex™ is also incredibly lightweight; one square yard weighs .42 ounces. In addition to it’s waterproof and windproof capabilities, 8.8 ounces of fabric can provide flotation to a 287 pound person.
With all of these features combined into one easy to implement material, the applications for Insultex™ are virtually endless.
Insultex™ is a revolutionary structured cellular fabric that incorporates countless evacuated closed micro-cells that significantly reduce heat transfer through the fabric. Insultex™ is the newest thermal insulation on the market promising to revolutionize insulation as we know it from outerwear, tents, boots, sleeping bags, coolers and now house wrap, just to name a few.
Insultex™ House-Wrap® is a weatherization membrane that provides a protective layer under a home's outer covering and over the sheathing. Insultex® House-Wrap resists water and air infiltration, but allows moisture vapor to diffuse helping to prevent mildew and mold buildup, which could lead to the rotting of wood.
Conclusion:
The Insultex® House-Wrap product identified and evaluated in these tests has met all the property performance requirements contained in ICC-ES AC 38, Acceptance Criteria for Water-Resistive Barriers, Approved for a Grade C type material.
Read More about IVDN's House-Wrap:
http://www.insultexhousewrap.com/index.php
Media Coverage of Insultex House-Wrap:
https://www.youtube.com/watch?v=sLK-xJ6YivU
For company filings visit: http://www.otcmarkets.com/stock/IVDN/filings
COMPANY NEWS:
Innovative Designs Vendor Growth
April 10, 2024
https://finance.yahoo.com/news/innovative-designs-vendor-growth-174255528.html
World International Patent Organization (WIPO) Application Accepted on Superior Insulation Advancement to Maximize Global Marketing Opportunities for Innovative Designs, Inc.
Innovative Designs Receives Patent for Propriety Process With Low Density Foam
April 20, 2023
https://www.globenewswire.com/news-release/2023/04/20/2651420/0/en/Innovative-Designs-Receives-Patent-for-Propriety-Process-With-Low-Density-Foam.html
Innovative Designs Hires Marketing Agency
July 1, 2022
https://www.globenewswire.com/news-release/2022/07/01/2472814/0/en/Innovative-Designs-Hires-Marketing-Agency.html
Innovative Designs Adds New England Retailer
April 21, 2022
https://finance.yahoo.com/news/innovative-designs-adds-england-retailer-110000672.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr
Innovative Designs Inc. Interview to Air on Bloomberg U.S. on the RedChip Money Report
March 3, 2022
https://finance.yahoo.com/news/innovative-designs-inc-interview-air-120000275.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr
Innovative Designs Adds Board Member
February 25, 2022
https://finance.yahoo.com/news/innovative-designs-adds-board-member-120000109.html?fr=sycsrp_catchall ;
Innovative Designs Expands Pro Staff
January 12, 2022
https://finance.yahoo.com/news/innovative-designs-expands-pro-staff-120000792.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr
Innovative Designs Common Stock Listed on OTCQB
December 14, 2021
https://finance.yahoo.com/news/innovative-designs-common-stock-listed-184800997.html
Innovative Designs Court Case Update
February 18, 2020
https://finance.yahoo.com/news/innovative-designs-court-case-120010842.html
Innovative Designs Expands R-6 Availability
June 10, 2015
http://finance.yahoo.com/news/innovative-designs-expands-r-6-165338469.html
Innovative Designs to Begin Domestic Production of Insultex
June 9, 2015
http://finance.yahoo.com/news/innovative-designs-begin-domestic-production-164117890.html
Innovative Designs Comparable Sales Increase
April 13, 2015
http://finance.yahoo.com/news/innovative-designs-comparable-sales-increase-110000192.html
Insultex House Wrap Midwest Distributor Growth
April 9, 2015
http://finance.yahoo.com/news/insultex-house-wrap-midwest-distributor-110000236.html
Insultex House Wrap Now Available to National Home Builders
February 18, 2015
http://finance.yahoo.com/news/insultex-house-wrap-now-available-121500058.html
DISCLAIMER:
Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions.
There is no express or implied solicitation to buy or sell securities.
The author(s) may have positions in the stocks or financial relationships with the company or companies discussed and may trade in the stocks mentioned.
Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only.
No stock exchange has approved or disapproved of the information here.
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