IVDNE Innovative Designs Inc.

Innovative Designs Reaches Settlement With FTC, Receives First Payment

Innovative Designs Reaches Settlement With FTC, Receives First Payment

Pittsburgh, PA, Sept. 01, 2022 (GLOBE NEWSWIRE) -- via Innovative Designs Inc. (OTCQB: IVDN) and the Federal Trade Commission (“FTC”) agreed to a settlement on the Company application seeking fees, costs and expenses approved by the Court on June 29, 2022. The amount is $260,000. On August 30, 2022, the Company received a partial payment of $200,000. This is a result of filing a motion pursuant to the Equal Access to Justice Act that was filed against the Federal Trade Commission after the court dismissed the case. Joseph Riccelli, CEO of Innovative Design commented, “The company is pleased that the case is over, and we can move forward with our business plan.”

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  or .

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 

Joseph Riccelli

412-799-0350



EN
01/09/2022

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Innovative Designs Vendor Growth

Innovative Designs Vendor Growth PITTSBURGH, PA, April 10, 2024 (GLOBE NEWSWIRE) -- via -- Innovative Designs, Inc. (OTCQB: IVDN) continues to gain market share through its growing vendor base. Since the beginning of this fiscal year (November 1, 2023), Innovative Designs has added over 30 new accounts that have purchased its Insultex House Wrap®. This has resulted in a comp sales increase of 318% as compared to the same time period last year (November 2022 – April 2023).  With 7 months remaining in FY2024, sales for the first 5 months are approaching 88% of last year's total. Randy ...

April 10, 2024 1 EN
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World International Patent Organization (WIPO) Application Accepted on...

World International Patent Organization (WIPO) Application Accepted on Superior Insulation Advancement to Maximize Global Marketing Opportunities for Innovative Designs, Inc. PITTSBURGH, PA, Dec. 27, 2023 (GLOBE NEWSWIRE) -- via - Innovative Designs, Inc. (OTCQB: IVDN) is continuing to develop and protect its proprietary advanced insulation technologies. We are pleased to announce the recent filing and acceptance of an International Patent Application with the World International Patent Organization (WIPO). This addition to our existing patents is for technological improvements to Innova...

December 27, 2023 1 EN
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Innovative Designs Inc. Receiving Orders From Numerous New Client Acco...

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 - 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 partici...

October 26, 2023 1 EN
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Innovative Designs Adds New Accounts

Innovative Designs Adds New Accounts PITTSBURGH, PA, Oct. 02, 2023 (GLOBE NEWSWIRE) -- via - 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 a...

October 2, 2023 1 EN
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Innovative Designs, Inc. Receives $100,000 Direct Private Investment f...

Innovative Designs, Inc. Receives $100,000 Direct Private Investment from Board Member Mr. Robert K. Adams PITTSBURGH, PA, June 05, 2023 (GLOBE NEWSWIRE) -- via Innovative Designs, Inc. (OTCQB: IVDN) wishes to acknowledge a substantial new private placement investment from its Board of Directors member Robert K.  Adams. On May 30th an SEC Form 4 filing was made, reporting that Mr. Adams purchased 500,000 shares of IVDN common stock at the market price on that date of .20 per share. This transaction resulted in a cash payment to the company of $100,000 which will be used to help further c...

June 5, 2023 1 EN

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