Replies to post #4198 on Innovative Designs Inc (IVDN)

[ProfitScout]

$2 Million is the minimum value of the Phoenix Nanotech agreement for the first year. This was confirmed by IVDN management in the feature article that came out as a follow-up to the initial news announcement from the company:

$IVDN: Agreement Signed for Energy Saving Insulation with a Minimum $2 Million Yearly Contract
Click here:
https://architecture.einnews.com/pr_news/605952244/agreement-signed-for-energy-saving-insulation-with-a-minimum-2-million-yearly-contract-innovative-designs-otcqb-ivdn

From the article:

On December 7th IVDN announced entering into an International Distributorship Agreement with Phoenix Nanotech LTD, Norfolk, England. Phoenix Nanotech will maintain exclusive distribution rights in Commonwealth Countries. The Commonwealth is a voluntary association of 56 independent and equal countries. It is home to 2.5 billion people and includes both advanced economies and developing countries. Thirty-two of the members are small states, including many island nations. The member governments have agreed to shared goals like development, democracy, and peace.

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.