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PRESS RELEASES

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Mar 31, 2020

iFabric Corp. Announces Annual General Meeting Voting Results

iFabric Corp. (TSX: IFA) (“iFabric”) is pleased to announce that at its annual meeting of shareholders, held at Markham, Ontario, on March 30, 2020, shareholders voted in favour of all resolutions brought before the meeting. A detailed description of all resolutions that were voted on can be reviewed in iFabric's information circular which was filed on www.sedar.com on March 5, 2020. All of the director nominees listed in the information circular were elected/re-elected as directors of iFabric.

Feb 13, 2020

iFabric Corp. Announces Q1 2020 Financial Results and EPA Filing

iFabric Corp. (“iFabric” or the “Company”) (TSX: IFA.TO), today announced its results for its first quarter ended December 31, 2019.
“This quarter reflects the continued strength of our Intelligent Fabrics Division which has now become the major revenue generator for iFabric. Following the success of the initial performance apparel programs for a major Canadian retailer which have all been renewed, I am pleased to advise that the anticipated additional new programs for our Intelligent Fabrics Division have now been confirmed, with initial deliveries commencing around the end of the third quarter and continuing into 2021 as these are replenishment programs....." stated Hylton Karon, President and CEO of iFabric.

Nov 11, 2019

iFabric Corp. Renews Agreement with the North Face

iFabric Corp. hereinafter referred to as (“iFabric” or the “Company”) (TSX: IFA.TO), today announced that its wholly-owned subsidiary company, Intelligent Fabric Technologies (North America) Inc. (“IFTNA”), has renewed its license agreement with The North Face®, a division of VF Outdoor LLC., (“VF”). The agreement is for a further term of four years and provides The North Face® with an ongoing license to use PROTX2 in outdoor apparel, footwear and equipment manufactured and distributed by The North Face®.

Feb 13, 2019

iFabric Corp. Announces Q1 2019 Financial Results & Provides Outlook

iFabric Corp. (“iFabric” or the “Company”) (TSX: IFA.TO), today announced its results for its first quarter ended December 31, 2018. “We are now in the execution phase of our strategy for longer term growth. Our first target was to eliminate less profitable and low future potential products. This quarter shows the effect of our discontinuance of sleepwear. Our move to focus on the higher potential products such as performance apparel has resulted in the addition of a major US retailer to our customer portfolio. Programs for this customer are expected to add approximately $10 million in annual revenues, with the first products anticipated to commence shipping around the end of our third quarter.

Apr 24, 2018

iFabric Corp. Provides Corporate Update and Announces Maidenform Agreement Renewal

iFabric Corp. ( IFA.TO) (“iFabric” or the “Company”), today provided a corporate update and announced the renewal of its key Maidenform license and distribution agreement with MFB International Holdings S.a.r.l., a subsidiary of HanesBrands Inc. (“Hanes”). Hylton Karon, President and CEO of iFabric provided the following comments with regard to the business outlook for both of iFabric’s operating divisions as well as the renewal of the Maidenform license agreement.

Apr 3, 2018

iFabric Corp. Announces Annual Meeting Voting Results

iFabric Corp. (TSX: IFA) (“iFabric”) is pleased to announce that at its annual meeting of shareholders, held in Markham on March 28, 2018, shareholders voted in favour of all resolutions brought before the meeting. A detailed description of all resolutions that were voted on can be reviewed in iFabric's information circular which was filed on www.sedar.com on March 2, 2018. All of the director nominees listed in the information circular were re-elected as directors of iFabric.

Feb 12, 2018

iFabric Corp. Reports Record First Quarter Results for its Quarter Ended December 31, 2017

iFabric Corp. (“iFabric” or the “Company”) (TSX: IFA.TO), today announced its results for its first quarter ended December 31, 2017. “I would like to thank our hard working and dedicated team for delivering record first quarter results for iFabric,” said Hylton Karon, President and CEO of iFabric. “Both our divisions continue to build on the record 2017 financial year effort. I am extremely pleased by the quality of our sales and the effectiveness of improved inventory management systems, which have positively impacted both our cash position and bottom line. This leaves the Company in a strong and well-capitalized position to fund continued growth and expansion in 2018 and beyond,” concluded Hylton Karon.

Feb 12, 2016

iFabric Corp. Reports Financial Results for its First Quarter Ended September 31, 2015

iFabric Corp. (“IFA.TO”), hereinafter referred to as “iFabric” or the “Company”, today announced its financial results for its first quarter ended December 31st 2015. “I am most pleased with our performance for the quarter ended December 31st 2015 and in particular the improvement in our gross margins and furthermore, am pleased to report that our intelligent fabrics division is progressing well as we are now expanding our infrastructure to enable delivery and fulfilment of orders for our North American and International customers for major programs. As mentioned in our previous press release on December 29th, 2015 we project delivering chemical treatments for approximately 30 million yards of textiles in calendar 2016,” stated Mr. Hylton Karon President and CEO.

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