Innovative Designs Expands R-6 Availability
(firmenpresse) - PITTSBURGH, PA -- (Marketwired) -- 06/10/15 -- Innovative Designs, Inc. (OTCQB: IVDN), in response to increased awareness and significant demand for house wrap that includes insulation properties, announces that the R-6 Insultex House Wrap will soon be available in two of the largest home improvement stores in the U.S. The availability of house wrap with both the R-3 and R-6 insulation offers U.S. homebuilders and contractors flexibility when considering regional climate requirements.
Innovative Designs is in an excellent inventory situation with a steady flow of Insultex insulation arriving at the company's facility from their overseas supplier. Innovative Designs will continue to order raw material from them as needed. To meet demand, a domestic manufacturing plant will be operational within 6 months to fabricate the Insultex insulation, which is the key component in the Insultex House Wrap. This new plant, working in conjunction with the current foreign supplier, will guarantee a substantial inventory at all times.
Innovative Designs C.E.O. Joseph Riccelli, commented, "We are taking a proactive approach to the increased demand we are seeing for our products. Shortly, with the addition of our domestic manufacturing plant, we will be able to react to any industry demands without delay. In addition, the high cost of international shipping and tariffs will be eliminated, allowing for increased gross profit margins. We are proud to be part of a movement to bring manufacturing back to the U.S. This will open up many opportunities to export our products through the NAFTA agreement to our neighbors in Canada and Mexico, not to mention U.S. government contracts that weren't available with overseas manufacturing."
The Company
Innovative Designs, Inc. manufactures the Insultex® House Wrap, Arctic Armor® Line, under the "i.d.i.gear" label featuring INSULTEX®. INSULTEX® is the thinnest, lightest and warmest insulator in the market today. For more information, please visit .
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
Innovative Designs, Inc.
Joseph Riccelli
412-799-0350
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Datum: 10.06.2015 - 16:53 Uhr
Sprache: Deutsch
News-ID 399611
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PITTSBURGH, PA
Kategorie:
Textiles
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