iFabric Corp Announces Director Appointment and Resignation

MARKHAM, ON /ACCESSWIRE/February 8, 2022/ iFabric Corp. (“iFabric” or the “Company”) (TSX: IFA, OTCQX: IFABF), is pleased to announce the appointment of Rich Macary as a director of the Company and a member of the Audit Committee.

Mr. Macary is the current Chief Strategy Officer of Delos Living LLC (“Delos”) and former President of Delos Ventures. Rich brings to Delos, a wellness real estate and technology company, high-level business development skills and extensive relevant experience in key areas of value creation, including business development, product innovation, licensing concept/IP, strategic partnerships, collaborations and joint ventures. Prior to joining Delos, Rich was vice president of business development for Sarepta Therapeutics, a leader in RNA-based therapies targeting rare and infectious diseases. Rich spent the previous 20 years as a consultant, advisor and business analyst to institutional and high net worth investors, as well as a consultant, advisor, investor and member of the board of directors of several public and private companies. mid-stage start-up operating in a wide range of industries including technology, biotechnology, medical devices, health and wellness, real estate, retail concepts and products consumption, among others.

In connection with the appointment of Mr. Macary, the Company also announces that Mr. Mark Greenspan is retiring and stepping down as a director. The Board of Directors would like to thank Mr. Greenspan for his contribution to the Company. Mr. Greenspan has added significant value to the Company since joining the Board in 2011 and will be greatly missed for his contributions to the Board and the Audit Committee. The board remains composed of six directors serving on the iFabric board, including three independent non-executive directors.

“On behalf of the Board of Directors, I welcome Rich to the Board,” said Hylton Karon, President and CEO of iFabric.


Based in Markham, Ontario, iFabric, www.ifabriccorp.com, is listed on the TSX and currently has 29.6 million shares issued and outstanding. Its two strategic divisions offer a variety of products and services through wholly-owned subsidiaries, namely Intelligent Fabric Technologies (North America) Inc. (“IFTNA”) and Coconut Grove Pads Inc. (“Coconut Grove”) .

IFTNA is focused on developing and selling high performance athletic apparel, medical protective apparel, consumer protective apparel, and proprietary treatments that impart “smart” properties to fabrics, foams, plastics, and many other surfaces, improving safety and well-being. being of the user. These smart properties include antiviral and antibacterial features, water repellency, and UV protection, among others.

Coconut Grove, doing business as Coconut Grove Intimates, is a designer, manufacturer, distributor, licensor and licensee of women’s intimate apparel products and accessories.

FOR MORE INFORMATION, please contact:

Hilton Price, Chief Financial Officer
Tel: 647.465.6161
E-mail: [email protected]

THE SOURCE: iFabric Corp.

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