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Innovative Designs Files 2 Patents PITTSBURGH, PA -- (Marketwire) -- 03/09/09 -- 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® Building Wrap. The Insultex® 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®, the world's lightest, thinnest and warmest thermal insulation. Insultex® 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® 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®. INSULTEX® 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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chart looks pretty good here with the ma pointing up and bollies tightening, i'm looking at a longer term version, looks like this may breakout of the bollies tightness soon, and with the ma moving up it looks like it'll break to the upside, this could could see some nice movement upward very soon, especially with the good news its had lately
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There last set of news was pretty good as well, seems there only getting bigger and better here, expanding and making more money in this horrible economy, nice little tid bit from last thursday's PR below:
PITTSBURGH, PA -- (Marketwire) -- 03/05/09 -- Innovative Designs, Inc. (OTCBB: IVDN) ended its 1st Quarter January 31, 2009, showing an increase in Comp Sales over the same period last year of nearly 300%.
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nice green close yesterday here guys, looking for more green today, L2 is very thin on this one, chart looks good, and their fundamentals are definitely supportive
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ceo owns about 60% of O/S and there are plenty of longs here as well that have been holding tight, float is only a couple mil with those factors in mind
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PITTSBURGH, PA -- (Marketwire) -- 03/11/09 -- Innovative Designs, Inc. (OTCBB: IVDN) has begun supplying CSX Railroad (CSX) with its Arctic Armor(TM) product line.
Orders have been placed and filled for 3 terminals: (West Springfield, Massachusetts) (Buffalo, New York) and (Toledo, Ohio).
A leader in freight rail transportation for 180 years, CSX's roots date back to the early nineteenth century. Since then, CSX has built on the foundation laid by the early pioneers who had a vision to create a railroad that safely and reliably services the ever-increasing demands of a growing nation. Their 21,000-mile network now covers 23 states and serves over two-thirds of the American population.
Joseph Riccelli, CEO, commented, "We are pleased to be supplying CSX with our lightweight apparel that will allow their employees to work more efficiently and safer in adverse weather conditions. Our short-term plans are to continue to grow our business with other CSX terminals and other railroads across North America."
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®. INSULTEX® 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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The F/A here is tremendous with a great company with a 300% sales increase, expanding rapidly, big revenues and new accounts, not to mention their ceo owns most of the shares so float is low, the one has all the right components to get this "train" moving
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not only is F/A good here but chart looks ready to go as well, bollies have been tight for a while now and the price channel has as well, wouldn't take much to get this to break out here
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want to see this turn green today, doesn't need much volume here to push this one, great investment whether you're long term or short term here
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nice to see some volume in here and green, looking good today thus far, Pert doesn't have many shares for sale at .40, a little more pressure and we got an ut with more green
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with the Quarter 1 filing coming by Monday, and the L2 and float being so thin here, this could really go big since their first quarter results are going to be pretty impressive. Can't wait to see them.
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this is growing, and its only going to get bigger, as the housing market picks up eventually this will get really big, this is a future nasdaq company we have here, not very far away from talking about uplisting imo, especially, since the ceo has so many shares, good long term investment here for sure, and great short term as well with the constant expansion news and along the the Q1 filing, no where to go but up
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