INNOVATIVE DESIGNS INC (IVDN) SEC Filing 10-Q Quarterly report for the period ending Tuesday, January 31, 2017

View amendments to this 10-Q report filed on 6/19/2017
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Exhibit 99.1
Stock Symbol/Company Name -
IVDN.OB, Innovative Designs, Inc.
Date to be released -
November 10, 2010
Time to be released -
7:00 am
Contact Name -
Joseph Riccelli, CEO
Contact Phone Number -
(P) 412-799-0350

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Innovative Designs Fiscal Year End Shows Record Sales Revenues

PITTSBURGH, PA — (MARKET WIRE) — November 10, 2010 – Innovative Designs Inc (IVDN) ended it fiscal year on October 31, 2010, with total sales eclipsing last year by approximately 40%. This unprecedented increase can be attributed to the ever-growing list of retailers across North America. New retailers continue to surface weekly allowing customers the locale to examine and purchase Innovative Designs Inc products directly. This is a direct effect of the solid sales force which is now in place in all key areas. Joseph Riccelli, CEO of Innovative Designs Inc commented, “We continue to assemble all the pieces of the puzzle and are seeing the positive results in our sales numbers. We are extremely pleased with our sales representation and the continual addition of new retailers. This situation will attribute to continuing successes in the future.”

The Company

Innovative Designs, Inc. manufactures the Insultex® House Wrap, Arctic Armor® 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

 
 

The following information was filed by INNOVATIVE DESIGNS INC on Wednesday, November 10, 2010 as an 8K 2.02 statement, which is a press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Exhibit 31.1 - RULE 13A-14A/15D-14A CERTIFICATION

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Exhibit 32.1 - SECTION 1350 CERTIFICATION

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  • Form Type: Quarterly
  • Number of times amended: 1
  • Accession Number: 0001615774-17-001149
  • Submitted to the SEC: Monday, March 20, 2017
  • Accepted by the SEC: Monday, March 20, 2017
  • Period Ending: January 2017
Companies
 

IVDN Morningstar

INNOVATIVE DESIGNS INC

$0.30 +0 (+0%)

Stock Exchange:
Over-the-Counter (OTC)

Day's Range:
$0.30 to $0.30

52-Week Range:
$0.13 to $0.72

Volume:
11,600

Volume (Avg):
10,428

Earnings per Share:
$-0.03

PEG / Short / PE Ratios:
0.00 / 0.00 / N/A

Market Cap:
$7.66M

Book Value:
0.06

EBITDA:
$-573252.00

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