Innovative Designs Adds Canadian Apparel Agency

Rhea-AI Summary

Innovative Designs Inc. (OTCPK: IVDN) has secured a sales agreement with Junior Trend, a Canadian company, to promote its Insultex® insulation across Canada, Europe, China, and select U.S. accounts. The partnership aims to introduce Insultex® to leading coat manufacturers for their fall 2022 collections, offering a sustainable and cost-effective alternative to traditional down insulation. Junior Trend's president, Steve Shein, forecasts significant growth in Insultex sales, highlighting its unique technology that delivers warmth comparable to down coats with a thinner profile.

Positive

• Sales agreement with Junior Trend expands Insultex® market reach in Canada, Europe, and select U.S. regions.
• Introduction of Insultex® to high-quality clothing manufacturers for upcoming fall 2022 collections.
• Unique insulation technology offers competitive advantage in sustainability and cost-efficiency.

Negative

• None.

Pittsburgh, Pa., Oct. 05, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Innovative Designs Inc. (OTCPK: IVDN) has entered into a sales agreement with Canadian-based Junior Trend to represent its Insultex® insulation in Canada, Europe, China, and many selected accounts in the United States. They have begun introducing Insultex® to some of Canada’s & Europe's best coat companies, to use in their fall 2022 collections.

Steve Shein, President of Junior Trend, commented, “I have been in the coat business for over 30 years. I owned the largest domestic coat manufacturer in Canada. My experience in outerwear brand building has been highly successful and my coat manufacturing experience is extensive. The unique technology used in Insultex® shall revolutionize how designers manufacture coats, as one millimeter of thickness shall create the same warmth as a luxury down coat at a fraction of the price. This animal free product is biodegradable & breathable, exactly what the sustainable world is asking for. Imagine a hoodie as warm as a luxury down coat? The possibilities are limitless. I expect to see exponential growth in Insultex sales for the outerwear market.”

Joseph Riccelli, CEO of Innovative Designs, commented, “We are excited to join forces with one of North America’s leading sales agencies. Since signing into this agreement in mid-August, Mr. Shein’s agency has introduced Insultex® to some of the finest clothing manufacturers that exist. These companies have begun developing samples of their 2022 clothing lines using our Insultex®.”

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.

Joseph Riccelli
412-799-0350
joer@idigear.com

FAQ

What recent agreement did Innovative Designs (IVDN) sign?

Innovative Designs entered a sales agreement with Junior Trend to promote Insultex® insulation in Canada, Europe, China, and select U.S. markets.

What is Insultex® insulation?

Insultex® is an innovative insulation technology that provides warmth similar to luxury down coats with much less thickness.

When will clothing manufacturers start using Insultex® in their products?

Clothing manufacturers are currently developing samples using Insultex® for their fall 2022 collections.

Who is leading the sales efforts for Insultex® in Canada and Europe?

Junior Trend, a Canadian-based sales agency, is leading the efforts to introduce Insultex® to clothing manufacturers.

What does the future hold for Insultex® sales according to Junior Trend?

Steve Shein of Junior Trend anticipates exponential growth in Insultex sales for the outerwear market.