$IVDN: Announced $2,000,000 order commitment for superior energy saving Insultex Insulation. This can be just the beginning of the new business IVDN will have to open distribution to the huge international markets that the company has not addressed previously. IVDN is a low float stock that can climb quickly when it gets attention.
The signed agreement states Phoenix Nanotech LTD will purchase a minimum of 1,000,000 yards of Innovative Design’s exclusive insulation Insultex™ and a minimum of 1,000 rolls of Insultex™ House Wrap in a calendar year. IVDN management has confirmed that this volume of Insultex™material represents a revenue boost to the company of approximately $2 million USD. With the number of countries in The Commonwealth to be served, this figure could actually go much higher as Phoenix Nanotech begins to introduce Insultex™ to the European region in the coming months. At this time of elevated energy prices and diminished fuel supply due to ongoing conflicts, energy-saving solutions such as Insultex™ have never been more important.
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