Latest news with #IVDNInsultexHouseWrap®
Globe and Mail
07-04-2025
- Business
- Globe and Mail
$1 Million Milestone & Continued Profitability Projected for First Half of 2025 with Accelerating Sales for Key Supplier in Multi-Billion Homebuilding Industry: Innovative Designs, Inc. (Symbol: IVDN)
$IVDN New Board Member for Superior Insulation Maker has Ties to Industry Leaders Including D.R. Horton $DHI, Ryan Homes $NVR and More / Super Small Share Structure with Only 38 Million OS / 16 Million Float 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. Over $1 Million in Revenue with Profitability Projected in the First Half of 2025. Fiscal First Quarter Results Deliver Over a 720% Increase, Largest Percentage Revenue Growth in Company History. Profitability Reached for First Time at Fiscal 2024 Year-End on Almost 300% Revenue Increase vs. Previous Year. 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 Strongly Increasing Demand. Process Underway for Uplisting to OTCQB Tier. 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. (Symbol: 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. The IVDN Insultex House Wrap ® website may be visited at 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 16 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. Over $1 Million in Revenue with Continued Profitability Projected in the First Half of Fiscal 2025 On April 1st IVDN projected that the Company will hit a revenue growth milestone of over $1 million in sales for the first two quarters of its fiscal 2025 year, ending on April 30th. This successful trend is also projected to continue the IVDN status as a profitable company which was achieved for the first time at the end of its 2024 fiscal year. Sharply rising demand for the superior and patented IVDN Insultex House Wrap®, is being fueled by new government building codes calling for continuous insulation and exterior R-Value requirements. Much of the sales success IVDN is now receiving can be credited to leading Distributor, Built Link Solutions, LLC. As part of their marketing program, Built Link Solutions has exhibited at multiple trade show events in the past months, presenting Insultex House Wrap® to a wide range of homebuilding professions and building materials suppliers at every level. Joseph A. Riccelli Jr., CEO of IVDN, commented, "We have 2025 off to unprecedented growth in the entire history of our Company. We are extremely pleased with the escalating order flow for our superior performance vacuum cell Insultex House Wrap® product and, of course, must extend our acknowledgement to Built Link Solutions for becoming our leading product distributor. We are now able to project reaching the impressive $1 million revenue tier for the first half of our fiscal 2025 year and continued profitability for the three trailing quarters. We can also project increased sales and revenue growth in the quarters ahead considering the strong customer response and market trends we see developing. To support this growth, we are moving forward with plans to step up manufacturing and shorten delivery times from our production facilities in Massachusetts and other locations.' Fiscal First Quarter Results Deliver Over 720% Increase, Eclipsing All First Quarter Results by Largest Margin in Company History On March 24th IVDN announced for the Company's 2025 fiscal first quarter, ended January 31st, revenues reached over $543,000 vs. $65,886 for the same period in the previous year. This represents a comp. increase of over 720%. IVDN is now in the process of upgrading its listing status to the OTCQB level. Additionally, plans are being made for an upcoming shareholder's meeting which will be an interactive online event designed to better inform the investment community about all that IVDN is delivering, with earnings projections for the balance of 2025 and beyond. Reached Profitability for First Time at Fiscal 2024 Year-End on Almost 300% Revenue Increase vs. Previous Year On Marh 3rd IVDN announced with the filing of its 10K Annual Statement for the fiscal year ending on October 31, 2024, The Company has reported sales revenues increased to $1,382,733 vs. $347,763 for the 2023 fiscal year. This rapid growth translates to a 298% increase in sales and allowed IVDN to reach profitability for the first time in its history. 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. For more information on $IVDN visit: and Follow Innovative Designs, Inc. (IVDN) on X (formerly Twitter) here: Disclosure listed on the CorporateAds website 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:
Associated Press
26-03-2025
- Business
- Associated Press
720% Revenue Growth Last Quarter and Profitability for 2 Consecutive Quarters on Breakout Record Sales for Homebuilding Supplier in Multi-Billion Dollar Industry: Innovative Designs, Inc.: IVDN
$IVDN New Board Member for Superior Insulation Maker has Ties to Industry Leaders Including D.R. Horton $DHI, Ryan Homes $NVR and More / Super Small Share Structure with Only 38 Million OS / 16 Million Float 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. Fiscal First Quarter Results Deliver Over a 720% Increase, Largest Percentage Revenue Growth in Company History by far. Profitability Reached for First Time at Fiscal 2024 Year-End on Almost 300% Revenue Increase vs. Previous Year. New Board Member is Experienced Real Estate Developer with Relations to Top Homebuilding Names Including D.R. Horton, NVR / Ryan Homes and More. New Government Building Codes Require Continuous Insulation with Higher Performance and 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. Plans for Increased Marketing and Sales on IDI Gear Insultex® Clothing Lines. Process Underway for Uplisting to OTCQB Tier. Upcoming Interactive Shareholder's Metting Conference. Innovative Designs, Inc. (Symbol: IVDN), manufactures and markets its unique, patented Insultex® material, a quantum leap forward in insulation as the thinnest, lightest and warmest insulator on the market today. 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. The IVDN Insultex House Wrap ® website may be visited at 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 other available choices from competitors. For investors, IVDN has a very small share structure with only about 38 million shares outstanding and a public float of about 16 million shares. Also, according to the latest 10-K filing, IVDN Management and Directors are holding over 8.4 million of these shares making IVDN avery lean stock. Fiscal First Quarter Results Deliver Over 720% Increase, Eclipsing All First Quarter Results by Largest Margin in Company History In its 10Q filing on March 20th and a press release on March 24th IVDN announced for the Company's 2025 fiscal first quarter, ended January 31st, revenues reached over $543,000 vs. $65,886 for the same period in the previous year. This represents a comp. increase of over 720%. These results continue the IVDN status as a profitable company which was achieved at the end of the 2024 fiscal year. Strongly rising sales of Insultex House Wrap® are responsible for most of the impressive revenue growth that the Company is now experiencing. Because of the sharp and continuing rise in demand for this unparalleled home insulation, IVDN has been working to develop increased production capacity. At this time, the Company's main production facility in Massachusetts has been able to substantially accelerate product output. IVDN management has also been researching and developing additional production facilities in other parts of the country and this additional production is also beginning to add to the available supply. Because of these efforts IVDN has made dramatic progress in filling a large backlog of orders for Insultex House Wrap® and cut delivery times down from 6 or 8 weeks to much shorter periods. This improvement in delivery has pleased existing and new customers to the extent that even faster order flow is coming in as a result. The surging demand for Insultex House Wrap®, is being sparked by new government building codes calling for continuous insulation and exterior R-Value requirements. Insultex House Wrap delivers its advantages thanks to its patented vacuum cell structure design. No other product on the market today 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 other available choices from competitors. IVDN is now in the process of upgrading its listing status to the OTCQB level. Additionally, plans are being made for an upcoming shareholder's meeting which will be an interactive online event designed to better inform the investment community about all that IVDN is delivering, with earnings projections for the balance of 2025 and beyond. Reached Profitability for First Time at Fiscal 2024 Year-End on Almost 300% Revenue Increase vs. Previous Year On Marh 3rd IVDN announced that the Company has achieved the key milestone of reaching profitability on record setting revenue results of its 2024 fiscal year. With the filing of its 10K Annual Statement for the fiscal year ending on October 31, 2024, IVDN has reported that sales revenues increased to $1,382,733 vs. $347,763 for the 2023 fiscal year. This rapid growth translates to a 298% increase in sales, mostly attributable to the rising demand for its unmatched Evacuated Cell R-6 Insultex House Wrap. IVDN Welcomes Experienced Real Estate Developer with Relations to Top Homebuilding Names Including D.R. Horton, NVR / Ryan Homes and More On January 23rd IVDN announced a new addition to the Company's Board of Directors, Mr. John Spagnolo Jr., an accomplished real estate investor and developer. For over 20 years Mr. Spagnolo, Jr. has been successful in building high end homes, residential and commercial properties and other development projects. Most notably, over the course of his career, Mr. Spagnolo, Jr., has nurtured relationships with key contacts at some of the most important companies in the multi-billion-dollar homebuilding and construction industry. These include D.R. Horton, NVR [Ryan Homes], Maronda Homes, Rockford Homes, Fischer Homes, Infinity Custom Homes and more. Media Contact Company Name: INNOVATIVE DESIGNS, INC. Contact Person: Joseph Riccelli, CEO Email: Send Email Phone: 412-799-0350 Address:124 Cherry St City: Pittsburgh State: Pennsylvania Country: United States
Associated Press
30-01-2025
- Business
- Associated Press
All Time Record Sales Growth for Unmatched 'Evacuated Cell' Insulation From Very Small Share Structure Company With Only 38 Million OS / 16 Million Float: Innovative Designs, Inc. Stock Symbol: IVDN
Experienced New Board Member Just Added with Ties to Multi-Billion Dollar Homebuilding Industry Including D.R. Horton ($DHI), Ryan Homes ($NVR) and More 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. New Board Member is Experienced Real Estate Developer with Relations to Top Homebuilding Names Including D.R. Horton, NVR / Ryan Homes and More. New Government Building Codes Require Continuous Insulation with Higher Performance and IVDN Meets or Exceeds These Standards Where Many Competitors Now Do Not. Increased Order Fulfilment Capabilities Recently Added with Plans for Further Enhancement to Handle Increasing Demand. Sales for the Current 2025 1st Quarter, Still in Progress, Show a Comp Increase in Excess of 7 Times Sales Over the 1st Quarter of 2024. Over a Quarter of a Million Dollars in Purchase Orders are Currently in the Queue to be Filled. 2024 Fiscal Third Quarter Revenues More Than Doubled Same Period in 2023. First Nine Months of Fiscal 2024 Delivered a 285% Increase Over 2023. Accelerating Order Flow and Record Backlog in 2024 vs. No Backlog in 2023. Innovative Designs, Inc. (Symbol: IVDN), manufactures and markets its unique, patented Insultex® material, a quantum leap forward in insulation as the thinnest, lightest and warmest insulator on the market today. 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 today. 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. The IVDN Insultex House Wrap ® website may be visited at Homeowners who upgrade to superior IVDN Insultex House Wrap® insulation may also qualify for substantial tax credits under The Inflation Reduction Act, in addition to enjoying the lower energy bills that result. As building codes and exterior R-Value requirements are quickly evolving across the country, IVDN distributor Built Link Solutions has proven highly proactive in contacting prospective accounts, notifying them of the cost-effective solution that Insultex House Wrap® provides. Randy Kimbler, Director of Business Development for Built Link Solutions, stated: 'Insultex House Wrap® is gaining traction in the market as it provides a timely and effective solution. Its cost-effectiveness, innovation, and ability to address today's building challenges are driving positive feedback nationwide.' For investors, IVDN has a very small share structure with only about 38 million shares outstanding and a public float of about 16 million shares. Also, according to the latest 10-K filing, IVDN Management and Directors are holding over 8 million of these shares making IVDN avery lean stock. IVDN Welcomes 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 the Company's 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, over the course of his career, Mr. Spagnolo, Jr., has nurtured relationships with key 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. Regarding his new role on the IVDN Board of Directors, John Spagnolo Jr. stated: 'I am strongly enthusiastic about the sales growth potential of the unique Insultex House Wrap® product in the building and remodeling environment that we see before us today. This is the primary reason I have accepted the offer to join the Innovative Designs team at this time. With its patented evacuated cell design, Insultex House Wrap® is catching on at the go-to solution for all the most important standards of thermal insulation that builders and remodelers must now meet to stay competitive and in compliance with new government building codes. In 2025 and beyond, I believe we can introduce the unmatched advantages of Insultex House Wrap® to building professionals on every level of the industry and I expect that they will want to use this superior insulation solution in significantly increasing quantities.' IVDN sales for the current 2025 1st quarter, which is still in progress, show a comp increase in excess of 7 times sales over the 1st quarter of 2024. In addition, over a quarter of a million dollars in purchase orders are in the queue to be filled. Innovative Designs Inc. Reports Record Sales Results to Shareholders On December 30th IVDN reported the following milestones for its fiscal third quarter: 2024 Fiscal Third Quarter Revenues More Than Doubled Same Period in 2023. First Nine Months of Fiscal 2024 Delivered Over a 285% Increase Over 2023. Accelerating Order Flow and Record Backlog in 2024 vs. No Backlog in 2023. Increasing Production Capabilities to Meet Rising Demand. Plans for Investor Conference Call / Shareholders Meeting in the Company's 2nd Quarter. 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
