Hi Randy, my IVDN pick here is on the rise. They issued more good news today (below). We will also see their Q1 report in a few days (due by 3/16). This will be the best report the company has issued to date. IVDN is in the groove now.
PITTSBURGH, PA, Mar 09, 2009 (MARKET WIRE via COMTEX) -- Innovative Designs, Inc. (OTCBB: IVDN) has filed for 2 patents and has received a Patent Pending status on both applications from the United States Patent and Trademark Office.
The first patent is for the new Insultex(R) Building Wrap. The Insultex(R) Building Wrap will be a 'unique' product in the industry as it possesses an insulating value.
The second patent is for the new and improved Insultex(R), the world's lightest, thinnest and warmest thermal insulation. Insultex(R) is also buoyant.
Joseph Riccelli, CEO of Innovative Designs, Inc., stated, "By the submission of these applications to the USPTO, we have taken the last step necessary to finalize all the components for the introduction of Insultex(R) Building Wrap."
The Company
Innovative Designs, Inc. manufactures the Arctic Armor(TM) Line, hunting apparel, swimwear, wind shirts, jackets, and the multi-function "All in One" under the "i.d.i.gear" label featuring INSULTEX(R). INSULTEX(R) is the thinnest, lightest and warmest insulator in the market today. For more information, please visit http://www.idigear.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
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