Curated News
By: NewsRamp Editorial Staff
December 30, 2024
Innovative Designs, Inc. Reports Record Sales Results and Future Plans in Shareholder Letter
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- Sales revenues for 2024 fiscal third quarter doubled compared to 2023, offering potential for significant financial gain.
- Insultex® House Wrap delivers best thermal insulation with unique vacuum cell structure design and moisture barrier.
- Insultex® House Wrap addresses energy-saving needs in homebuilding industry, contributing to a more sustainable future.
- New government building codes drive sales growth for Insultex® House Wrap, a disruptive technology in construction industry.
Impact - Why it Matters
This news matters as it highlights the significant revenue growth and market success of Innovative Designs, Inc., driven by the demand for its innovative Insultex House Wrap®. The company's strategic plans for production expansion, new marketing initiatives, and commitment to shareholder value underscore its dedication to meeting industry needs and exploring new opportunities, making it a key player in the construction market.
Summary
Innovative Designs, Inc. (OTC Pink: IVDN) issues a letter to shareholders from new CEO Joseph A. Riccelli, discussing the Company's fiscal third-quarter financial results, forward-looking projections, and significant events in 2024. Key points include revenue growth, order flow, production capabilities, and plans for an investor conference call.
The surge in sales of the patented Insultex House Wrap® is attributed to new government building codes, requiring continuous insulation and R-Value compliance. The vacuum cell structure design of Insultex® offers superior thermal insulation, cost-effectiveness, and ease of installation, making it the optimal choice for builders and remodelers. The Company is focused on increasing production to meet rising demand, with plans for new marketing programs and certifications.
With the dedication of the new CEO and a commitment to shareholder value, Innovative Designs aims to address the energy-saving needs of the homebuilding industry while exploring additional market opportunities for its innovative materials beyond construction.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Innovative Designs, Inc. Reports Record Sales Results and Future Plans in Shareholder Letter
