Replies to post #5405 on Innovative Designs Inc (IVDN)

[ProfitScout]

Yes, IVDN has demonstrated the start of a rising sales growth curve with the latest financial report for the company's fiscal ear that ended on October 31st with a 35% increase in revenues. The announcement we saw from that same time period detailed why the sales growth is happening and also how management has been preparing for rising demand with increased capacity to meet the new demand for its superior Insultex House Wrap product.

Innovative Designs Inc. Receiving Orders From Numerous New Client Accounts for Top Performing Insultex House Wrap With Unmatched R-6 Insulation Value

PITTSBURGH, PA, Oct. 26, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Innovative Designs, Inc. (OTCQB: IVDN) is pleased to announce that in the company’s fiscal fourth quarter, we have gained over a dozen new client accounts for our patented, R-6 rated Insultex House Wrap®, with product being shipped out to meet rising demand. The new clients and other interested parties contacting us include some high market cap companies that are very important participants in the home building and remodeling industry. One reason for the accelerating interest in Insultex House Wrap® appears to be related to new building codes going into effect across the US which require higher insulation performance standards. Insultex House Wrap® meets or exceeds these standards where many competitive products do not.

Insultex House Wrap® can provide an unmatched R-6 rating because of our unique and patented vacuum cell structure design. No other product on the market today offers a vacuum cell structure. It has been proven that a vacuum is the best thermal insulation and Insultex® incorporates countless evacuated cells. Our newly updated website explains the scientific principles in detail along with graphic visual aids. Insultex® also provides a moisture barrier and other key benefits that make it simply the best insulation choice for all home builders and home remodelers in projects of any size.

The Insultex House Wrap ® website may be visited at http://www.insultexhousewrap.com. In response to the rising customer interest, the website now includes a new e-Commerce section where orders for the product may be placed directly online for orders of less than 5 rolls. All other orders are handled directly.

Innovative Designs, Inc. CEO Joseph Riccelli said, “Word is starting to spread about the availability of Insultex House Wrap® which is the only insulated house wrap product on the market today. As more home builders and home remodelers learn of this game-changing advancement, they are coming to us with new orders in growing numbers. Because we have been working diligently over the past several months to ramp up our order fulfillment capability, Innovative Designs is ready to handle increasing order levels at this time with plans underway for even further manufacturing capacity enhancement. We project this unparalleled product to gain substantially more market share going forward.”

About Innovative Designs, Inc.

Innovative Designs, Inc. manufactures the Insultex® House Wrap and Arctic Armor® Line, under the "i.d.i.gear" label featuring INSULTEX®. Patented INSULTEX® 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:

Joseph Riccelli, CEO

412-799-0350

[e-mail]

[NevoTX]

The person who inherits Joe's stock does not automatically get to be the next CEO. The stock confers voting rights so that shareholder can vote for members of the Board of Directors, but ultimately the Board gets to hire and fire the CEO.

Not that IVDN's board is a functioning board of directors in any real sense of the term...

[ProfitScout]

IVDN is making its superior Insultex products available through an increasing number of distributors throughout the US as can easily be seen on the company website along with the very positive testimonial reviews from different customers.

Insultex House Wrap Users
Retailers/Distributors/Contractors/Homebuilders/Etc. that have purchased Insultex™ House Wrap®
https://insultexhousewrap.com/users/ ;
 
Insultex House Wrap Testimonials
We'd like to let our customers tell you all about the difference that Insultex House Wrap has made on their energy bills. These are real customers with real stories.
https://insultexhousewrap.com/testimonials/

And, as we have seen in recent announcements, the Insultex line is starting to be carried by more new sales agents as awareness of this unequaled energy saving product continues to grow in the market place ...

PITTSBURGH, PA, Oct. 02, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Innovative Designs Inc (OTCQB: IVDN) continues to add new accounts across the United States. Three of the most recent additions are as follows: (1) Guerdon LLC is the leading manufacturer of large-scale, commercial modular construction projects in the Western US and Canada. With their factory and corporate office located in Boise, Idaho they serve 10 western states including California, Colorado, Idaho, Montana, Nevada, North Dakota, Oregon, Utah, Washington, and Wyoming as well as Canada. They are currently working on a project in Alaska. (2) Skehan Home Center, located in Ossipee, New Hampshire, is a family-owned business that has been in operation since 1985. Their Outside Sales Staff is a group of experienced professionals that make job site and office visits. (3) Outside In Construction is located in Alton, New Hampshire. Outside In Construction is a family business that has been providing service for Laconia, NH, Wolfeboro, NH & the Lakes Region of New Hampshire for 23 years and is a Design & Build specialized building and remodeling firm.

Innovative Designs CEO Joseph Riccelli commented “We welcome these new accounts along with all the others that have come onboard as either contractors, home builders or retailers. With this continued expansion, customers are now finding it easier to locate our products.”