Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Innovative Designs Reaches Settlement With FTC, Receives First Payment By: NewMediaWire September 01, 2022 at 15:01 PM EDT Pittsburgh, PA - (NewMediaWire) - September 1, 2022 - Innovative Designs Inc. (OTCQB: IVDN) and the Federal Trade Commission (“FTC”) agreed to a settlement on the Company application seeking fees, costs and expenses approved by the Court on June 29, 2022. The amount is $260,000. On August 30, 2022, the Company received a partial payment of $200,000. This is a result of filing a motion pursuant to the Equal Access to Justice Act that was filed against the Federal Trade Commission after the court dismissed the case. Joseph Riccelli, CEO of Innovative Design commented, “The company is pleased that the case is over, and we can move forward with our business plan.” Innovative Designs Inc. manufactures the Insultex® House Wrap, Arctic Armor® Line, under the "i.d.i.gear" label featuring INSULTEX®. INSULTEX® is the thinnest, lightest, and warmest insulator in the market today. For more information, please visit http://www.idigear.com or www.insultexhousewrap.com.DisclaimerCertain 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 http://www.sec.govJoseph Riccelli412-799-0350joer@idigear.com View the original release on www.newmediawire.com Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Innovative Designs Reaches Settlement With FTC, Receives First Payment By: NewMediaWire September 01, 2022 at 15:01 PM EDT Pittsburgh, PA - (NewMediaWire) - September 1, 2022 - Innovative Designs Inc. (OTCQB: IVDN) and the Federal Trade Commission (“FTC”) agreed to a settlement on the Company application seeking fees, costs and expenses approved by the Court on June 29, 2022. The amount is $260,000. On August 30, 2022, the Company received a partial payment of $200,000. This is a result of filing a motion pursuant to the Equal Access to Justice Act that was filed against the Federal Trade Commission after the court dismissed the case. Joseph Riccelli, CEO of Innovative Design commented, “The company is pleased that the case is over, and we can move forward with our business plan.” Innovative Designs Inc. manufactures the Insultex® House Wrap, Arctic Armor® Line, under the "i.d.i.gear" label featuring INSULTEX®. INSULTEX® is the thinnest, lightest, and warmest insulator in the market today. For more information, please visit http://www.idigear.com or www.insultexhousewrap.com.DisclaimerCertain 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 http://www.sec.govJoseph Riccelli412-799-0350joer@idigear.com View the original release on www.newmediawire.com
Pittsburgh, PA - (NewMediaWire) - September 1, 2022 - Innovative Designs Inc. (OTCQB: IVDN) and the Federal Trade Commission (“FTC”) agreed to a settlement on the Company application seeking fees, costs and expenses approved by the Court on June 29, 2022. The amount is $260,000. On August 30, 2022, the Company received a partial payment of $200,000. This is a result of filing a motion pursuant to the Equal Access to Justice Act that was filed against the Federal Trade Commission after the court dismissed the case. Joseph Riccelli, CEO of Innovative Design commented, “The company is pleased that the case is over, and we can move forward with our business plan.” Innovative Designs Inc. manufactures the Insultex® House Wrap, Arctic Armor® Line, under the "i.d.i.gear" label featuring INSULTEX®. INSULTEX® is the thinnest, lightest, and warmest insulator in the market today. For more information, please visit http://www.idigear.com or www.insultexhousewrap.com.DisclaimerCertain 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 http://www.sec.govJoseph Riccelli412-799-0350joer@idigear.com View the original release on www.newmediawire.com