- Sole Maker of Patented Insultex® Insulation Delivering Construction Cost and Energy Saving Performance Superior to All Competition.
- Unique Evacuated Cell House Wrap Material Provides an Unmatched R-6 Rating, Water Vapor, Air & Wind Barrier and Other Important Advantages.
- $2M Revenue Total Reached in August for First Time in Company History.
- Over 100% Increase in Revenue Projected for Fiscal Third Quarter.
- Profitability Now Extends for the Last 4 Trailing Quarters.
- Key Balance Sheet Improvements via Rising Cash Collections.
- Long Term & Convertible Debt Eliminated with Over $85,000 Paid Off.
- No New Stock Issued to Satisfy Debt.
- Company No Longer Seeking Private Placement Investments for Stock.
- New Government Building Codes Require Continuous Insulation with Higher Performance. IVDN Meets or Exceeds These Standards Where Many Competitors Now Do Not.
- Increased Order Fulfilment Capabilities with Plans for Further Enhancement to Handle Increasing Demand.
- Company Seeking Additional Product Certifications to Expand Range of Customers.
- New Board Member is Experienced Real Estate Developer with Relations to Top Homebuilding Names Including D.R. Horton, NVR / Ryan Homes and More.
Innovative Designs, Inc. (OTCQB: IVDN), manufactures and markets its unique, patented Insultex® material, a quantum leap forward in insulation based on proprietary evacuated (vacuum) cells. IVDN products deliver optimum warmth and comfort via insulating, windproof and waterproof protection with no animal materials. IVDN holds issued US patents on both the evacuated cell material and its manufacturing process.
For home building, home remodeling and other construction, significant improvements in energy efficiency measures, such as IVDN Insultex House Wrap® can provide, have never been more important. Superior insulation, for heating or cooling, is fast becoming a primary factor in the multi-billion dollar construction and remodeling industry. In addition to lowering construction costs because additional insulation boards or supports are not needed, Insultex® use results in high energy efficiency and a reduction of greenhouse gas emissions that contribute to the global climate change crisis.
IVDN Insultex House Wrap® delivers an unmatched R-6 rating because of its unique and patented evacuated or vacuum cell structure design. The dedicated IVDN Insultex House Wrap® website explains the scientific principles in detail along with visual aids. Insultex® also provides a moisture barrier and other key benefits that make it simply the best insulation choice available today. For product specifications and certifications, the IVDN Insultex House Wrap ® website may be visited at http://www.insultexhousewrap.com.
No other product on the market offers a vacuum cell structure. A vacuum is the best thermal insulation possible and only Insultex® incorporates countless evacuated cells. Insultex® also provides a moisture barrier and other key benefits. The result is a substantial savings for new construction, adding an R-6 moisture barrier membrane that does not need additional insulation boards or other support as with competitor products.
For investors, IVDN has a very small share structure with only about 38 million shares outstanding and a public float of about 17 million shares. Also, according to the latest 10-K filing, Management and Directors are holding over 8.4 million of these shares making IVDN avery lean stock.
$2 Million Revenue Milestone Passed with Over 100% Projected Increase in Fiscal Q3 Sales vs Previous Year With 4th Consecutive Quarter of Profitability
On September 3rd IVDN announced it was able to project its revenue growth for the fiscal 3rd quarter of 2025, ending on July 31st, will total over $600,000 (more than a 100% increase over the fiscal 3rd quarter of 2024). Additionally, in the month of August, IVDN surpassed the $2 million revenue mark for its fiscal 2025 year. The milestone will continue the Company's profitability, which now extends to 4 consecutive quarters. IVDN management expects to file a finalized financial report ahead of the September 15th SEC posting requirement.
In addition to the record setting revenue results and profitability this year, IVDN is becoming a financially stronger entity with other significant balance sheet improvements. IVDN has now paid off its long term and convertible debt obligations with over $85,000 in debt satisfied and without issuing any new shares for this purpose. Management is committed to maintaining a low share structure for IVDN to support an increasing shareholder value effort for investors.
The debt resolution was made possible by a rising revenue stream and increasing accounts receivables collections which have also significantly boosted on-hand cash reserves. For this reason, IVDN is no longer seeking private placement investments and recommends that interested persons make their stock purchases in the open market.
Continued demand for IVDN Insultex House Wrap® is being driven by new government building codes specifying continuous insulation and exterior R-Value requirements. To support this growth rate, IVDN is currently working to increase "Insultex House Wrap® production levels from its US-based facilities in Massachusetts and other locations. Additional Insultex House Wrap® certifications are also being pursued to increase product suitability to a larger and wider range of customers.
Experienced Real Estate Developer with Relations to Top Homebuilding Names Including D.R. Horton, NVR / Ryan Homes and More
On January 23rd IVDN announced a new addition to its Board of Directors, Mr. John Spagnolo Jr., an accomplished real estate investor and developer. For over 20 years Mr. Spagnolo, Jr. has been successful in building high end homes, residential and commercial properties and other development projects. Most notably, Mr. Spagnolo, Jr., has nurtured relationships with contacts at some of the most important companies in the multi-billion-dollar homebuilding and construction industry. These include D.R. Horton, NVR [Ryan Homes], Maronda Homes, Rockford Homes, Fischer Homes, Infinity Custom Homes and more.
Follow Innovative Designs, Inc. (IVDN) on X (formerly Twitter) here: https://twitter.com/riccelli_joseph
For more information on $IVDN visit: http://www.insultexhousewrap.com and http://www.idigear.com
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Media Contact
Company Name: INNOVATIVE DESIGNS, INC.
Contact Person: Joseph Riccelli, CEO
Email: Send Email
Phone: 412-799-0350
Address:124 Cherry St
City: Pittsburgh
State: Pennsylvania
Country: United States
Website: www.idigear.com
