Innovative Designs to Assist in Hurricane Ian Rebuilding Process

Rhea-AI Summary

Innovative Designs Inc. (OTCQB: IVDN) is providing free Insultex House Wrap to a Florida contractor involved in the Hurricane Ian restoration efforts. This unique product features a water-vapor barrier and adds an R-Value of six, enhancing energy efficiency for homeowners affected by the hurricane. The CEO emphasized the company's commitment to assist those impacted by the disaster.

Forward-looking statements are included, indicating potential risks that could materially alter actual outcomes.

Positive

• Offering free Insultex House Wrap to aid Hurricane Ian restoration demonstrates community support and brand visibility.
• Insultex House Wrap enhances energy efficiency, potentially leading to increased demand.

Negative

• None.

Pittsburgh, PA, Oct. 25, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Innovative Designs Inc. (OTCQB: IVDN), with its unique ‘insulated’ Insultex House Wrap, is offering a selected Florida contractor involved in the rebuilding of damage from Hurricane Ian, free product to help in the Florida restoration project. Applying Insultex House Wrap will not only protect the homeowner with a protective water-vapor barrier, but also add an additional R-Value of six, which will result in energy savings. Innovative Designs CEO commented, “The widespread impact from Hurricane Ian devastated many areas. We felt the need to help someone who is in need of assistance at this time.” 

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

What is Innovative Designs' stock symbol?

The stock symbol for Innovative Designs is IVDN.

What product is Innovative Designs providing to Florida contractors?

Innovative Designs is offering its Insultex House Wrap for free to aid in Hurricane Ian restoration.

How does Insultex House Wrap benefit homeowners?

Insultex House Wrap provides a protective water-vapor barrier and increases energy efficiency with an R-Value of six.

What event prompted Innovative Designs to offer free products?

The company offered free products in response to the devastation caused by Hurricane Ian.

What risks are associated with the forward-looking statements in the press release?

The risks pertain to various factors that could lead to outcomes different from those implied, as discussed in the company's SEC filings.