Innovative Designs Common Stock Listed on OTCQB
Innovative Designs Inc. (OTCQB: IVDN) has upgraded its listing from the Pink Sheets to the OTC Markets’ OTCQB Tier.
Sentiment and the balance of points
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Rhea-AI Summary
Innovative Designs Inc. (OTCQB: IVDN) has upgraded its listing from the Pink Sheets to the OTC Markets’ OTCQB Tier. CEO Joseph Riccelli expressed satisfaction with this transition, citing the resolution of a previous case and the currency of their financials as key factors. The company is known for its Insultex® House Wrap and other insulation products. This move may enhance visibility and credibility in the market, potentially benefiting shareholders.
Positive
- Upgraded listing from Pink Sheets to OTCQB may enhance market visibility.
- All financials are current, indicating improved financial health.
Negative
- None.
Details
News Market Reaction – IVDN
The recorded move for IVDN in the trading session of this news was -2.63%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Pittsburgh, PA, Dec. 14, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Innovative Designs Inc. (OTCQB: IVDN) announced today that its Common Stock is now listed on the OTC Markets’ OTCQB Tier. Innovative Designs’ CEO, Joseph Riccelli, commented, “Now that we have the case behind us, and all of our financials are current, I’m pleased we are off the Pink and on the OTCQB, and many other good things are in the pipeline.”
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 http://www.idigear.com or 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
412-799-0350
joer@idigear.com
FAQ
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