NEW YORK, Sept. 1, 2021 /PRNewswire/ -- OTC Markets Group
Inc. (OTCQX: OTCM), operator of financial markets for 11,000
U.S. and global securities, today announced iFabric Corp. (TSX:
IFA; OTCQX: IFABF), a company with subsidiaries Intelligent Fabric
Technologies (North America) Inc.
('IFTNA') and Coconut Grove Pads Inc. ('Coconut Grove'), has
qualified to trade on the OTCQX® Best Market. iFabric Corp.
qupgraded to OTCQX from the Pink® market.
iFabric Corp. begins trading today on OTCQX under the symbol
"IFABF." U.S. investors can find current financial disclosure
and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies
seeking to provide transparent trading for their U.S.
investors. For companies listed on a qualified international
exchange, streamlined market standards enable them to utilize their
home market reporting to make their information available in the
U.S. To qualify for OTCQX, companies must meet high financial
standards, follow best practice corporate governance and
demonstrate compliance with applicable securities laws.
"With the majority of our sales being recorded from customers
outside of Canada and, a large
proportion of these from the United
States, it makes sense to enable more U.S. investors to
consider ownership of shares in iFabric. I believe U.S investors
will have a high level of interest in our development of
anti-bacterial and anti-viral textiles for which extensive testing
has shown to be highly effective in combatting healthcare acquired
infections and deactivating virues, including the COVID-19 causing
virus. In addition, I further believe U.S investors will be
extremely interested in our regulatory initiatives to obtain public
health claim approvals from the U.S. Environmental Protection
Agency with respect to both our anti-bacterial and anti-viral
technologies," stated Hylton Karon,
President and CEO of iFabric.
Dorsey & Whitney LLP acted as the company's OTCQX
sponsor.
About iFabric Corp.
Headquartered in Markham, Ontario, iFabric Corp
www.ifabriccorp.com currently has 29.6 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, medical protective
apparel, consumer protective 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.
About OTC Markets Group Inc.
OTC Markets Group
Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB®
Venture Market and the Pink® Open Market for 11,000 U.S. and global
securities. Through OTC Link® ATS and OTC Link ECN, we
connect a diverse network of broker-dealers that provide liquidity
and execution services. We enable investors to easily trade
through the broker of their choice and empower companies to improve
the quality of information available for investors.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated
by OTC Link LLC, member FINRA/SIPC.
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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428,
media@otcmarkets.com
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SOURCE OTC Markets Group Inc.