Business
iFabric Corp Announces Update of Operations in Compliance with the Ontario Government's Covid-19 Directives
MARKHAM, ON / ACCESSWIRE / March 19, 2020 / iFabric Corp. ("iFabric" or the "Company") (TSX:...
About this update from Ifabric Corp.
[{"type":"text","content":"iFabric Corp Announces Update of Operations in Compliance with the Ontario Government’s Covid-19 DirectivesMARKHAM, ON / ACCESSWIRE / March 19, 2020 / iFabric Corp. (\"iFabric\" or the \"Company\") (TSX:IFA.TO), today announced that it is following direction from the Ontario government and is working to create solutions to protect the health and well-being of its employees, customers and communities. As the situation with COVID-19 continues to evolve iFabric is doing its part in attempting to curb the virus by temporarily closing its Toronto based head office and moving to work-from-home and digital collaboration alternatives wherever possible. The company has also halted all international and domestic air travel to minimize risk of exposure. However, iFabric will continue to ship product both domestically and internationally through its multiple warehouse locations.\"On behalf of everyone at iFabric Corp., our hearts go out to all of those impacted by COVID-19. Our focus is, as always, on the health and safety of our employees, customers and communities,\" said Hylton Karon, President and CEO of iFabric. \"We will continue to be guided by federal, provincial and municipal governments, and public health authorities to ensure we do all we can to slow the spread of COVID-19.I also want to also assure our investors, suppliers and customers that our strong balance sheet and our strong management team, will enable the Company to ride out the challenges presented by the current pandemic,\" concluded Hylton Karon.ABOUT iFABRIC CORP: Headquartered in Markham, Ontario, iFabric Corp www.ifabriccorp.com currently has 26.2 million shares issued and outstanding. Through its wholly-owned subsidiaries, Intelligent Fabric Technologies (North America) Inc. (\"IFTNA\") and Coconut Grove Pads Inc. (\"Coconut Grove\"), the Company offers a variety of products and services in both of its strategic divisions: IFTNA is focused on performance apparel as well as proprietary chemical formulations that render fabrics, foams, plastics and numerous other surfaces intelligent, thereby improving the safety and well-being of the consumer.Coconut Grove, operating as Coconut Grove Intimates, is a designer, manufacturer, distributor, licensor and licensee of ladies intimate apparel products and accessories.FORWARD LOOKING STATEMENTSForward-looking statemen...