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Strategies & Market Trends : Bankruptcy - Winners and Losers -- Ignore unavailable to you. Want to Upgrade?


To: Zoro99 who wrote (7)11/5/2007 2:05:57 PM
From: Zoro99  Respond to of 9
 
IVDNQ is back to IVDN today since they are now out of bankruptcy per last week's news. The company also issued this PR today...
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Mr. Darryl S. Zaontz Joins Innovative Designs Consulting Staff

PITTSBURGH, PA, Nov 05, 2007 (MARKET WIRE via COMTEX) -- Innovative Designs, Inc. (OTCBB: IVDN), "i.d.i.gear," is pleased to announce that Mr. Darryl S. Zaontz has joined the Innovative Designs, Inc. Consulting Staff.

Mr. Zaontz is a 1979 graduate of Georgetown University, receiving a BA in Economics. He received his CFA (Chartered Financial Analyst) designation in 1986. In 1993, he received his MBA in Finance from NYU.

Mr. Zaontz's Wall Street career includes holding the position of Director in the Securities Division of the American Stock Exchange and also a Director of NASDAQ Marketing Services at the NASDAQ Stock Market.

Mr. Zaontz commented, "It is an honor and a privilege to be able to assist such a company as Innovative Designs, which I believe to have a product that is currently unsurpassed in the industry."

Joseph Riccelli, President and CEO, commented, "We are fortunate to have Mr. Zaontz, who is one of our largest shareholders, join Innovative Designs' Consulting Staff. His professional background will assist Innovative Designs in many ventures going forward."

The Company

Innovative Designs, Inc. manufactures the Arctic Armor(TM) Line, hunting apparel, swimwear, wind shirts, jackets, sleeping bags, and the multi-function "All in One" under the "i.d.i.gear" label featuring INSULTEX(TM). INSULTEX(TM) is the thinnest, lightest and warmest insulator in the market today. For more information, please visit idigear.com.

Disclaimer

Certain statements in this press release constitute "forward-looking" statements as defined by federal law. Such statements are based on assumptions, but there is no assurance that actual outcomes will not be materially different as those implied. Any such statements are made in reliance on the "Safe Harbor" protections provided under the Private Securities Reform Act of 1995 and are subject to various factors, including the risks and matters discussed in the Company's SEC filings available at sec.gov

Contact Name
Joseph Riccelli
P: 412-799-0350
C: 412-551-7558

SOURCE: Innovative Designs, Inc.



To: Zoro99 who wrote (7)7/7/2008 5:56:15 PM
From: Zoro99  Respond to of 9
 
Innovative Designs Moves Ahead; Judgment Satisfied

PITTSBURGH, PA, Jul 07, 2008 (MARKET WIRE via COMTEX) -- Innovative Designs (OTCBB: IVDN) is pleased to announce that the judgment entered against it by Elio Cattan and Eliotex SRL, subsequently executed upon and sold to Greystone, Inc., and assigned in turn to Elite Properties LLC, has been satisfied.

Notice of the satisfaction of the judgment has been filed in both the Court of Common Pleas of Allegheny County, Pennsylvania and in the United States District Court for the Western District of Pennsylvania. The Honorable Arthur J. Schwab has closed the last remaining action pending against IDI and its CEO, Joseph Riccelli.

The obligation will be removed from IDI's books and all future financial statements will be prepared accordingly.

Joseph Riccelli, CEO, stated, "After two years of legal proceedings, this judgment has been satisfied. We can now focus 100% of our vision on growth going forward free of distractions."

The Company

Innovative Designs, Inc. manufactures the Arctic Armor(TM) Line, hunting apparel, swimwear, wind shirts, jackets, sleeping bags, and the multi-function "All in One" under the "i.d.i.gear" label featuring INSULTEX(TM). INSULTEX(TM) is the thinnest, lightest and warmest insulator in the market today. For more information, please visit idigear.com.

Disclaimer

Certain statements in this press release constitute "forward-looking" statements as defined by federal law. Such statements are based on assumptions, but there is no assurance that actual outcomes will not be materially different as those implied. Any such statements are made in reliance on the "Safe Harbor" protections provided under the Private Securities Reform Act of 1995 and are subject to various factors, including the risks and matters discussed in the Company's SEC filings available at sec.gov.

Contact:
Joseph Riccelli
(P) 412-799-0350
(C) 412-298-1265

SOURCE: Innovative Designs, Inc.