American Marconi Wireless News - iFabric Corp Secures New $2.5 Million Trade Finance Facility

This new unsecured $2.5 million facility with Ebury will supplement the Company's existing secured credit facility of up to $12.0 million with a Canadian chartered bank. iFabric management believes that these two facilities will provide the Company with the working capital needed to support its sales growth objectives.

"We are extremely pleased to have secured this facility with Ebury," stated Hilton Price, CFO of iFabric. "This will provide the Company with an additional resource to finance the new revenues anticipated from recently announced programs and initiatives. In addition, we look forward to working with Ebury to develop ongoing strategies to mitigate our currency risks, in a current foreign exchange environment that is challenging to predict," concluded Mr. Price.

About iFabric Corp.:

Headquartered in Markham, Ontario, iFabric, www.ifabriccorp.com, is listed on the TSX and currently has 30.3 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 development and sale of high-performance sports apparel, medical protective apparel, consumer protective apparel, and proprietary treatments that provide "intelligent" properties to fabrics, foams, plastics, and numerous other surfaces, thereby improving the safety and well-being of the user. Such intelligent properties include antiviral and antibacterial characteristics, water-repellence and UV protection, among others.

Coconut Grove, operating as Coconut Grove Intimates, is a designer, manufacturer, distributor, licensor and licensee of ladies' intimate apparel products and accessories.

About Ebury:

Ebury is a leading payments specialist that helps small- and medium-sized businesses (SMEs) operate and grow internationally. Based in London, UK, it is a global fintech company with a comprehensive and tailored offering to enable businesses to make and collect cross-border payments, manage currency risk, and access business lending.

Founded in 2009 by Juan Lobato and Salvador GarciaEbury now has over 1,800 employees serving more than 21,000 customers across 40+ offices in over 29 markets. We have capabilities in 130+ currencies. Ebury Partners Canada Ltd. is registered as a Money Services Business ("MSB") with the Financial Transactions and Reports Analysis Centre and backed by top-tier investors, including Banco Santander, which has a majority share ownership.

FORWARD LOOKING STATEMENTS

Forward-looking statements provide an opinion as to the effect of certain events and trends on the business. Certain statements contained in this news release constitute forward looking statements, including but not limited to discussion of the incremental trade finance facility and Ebury. The use of any words such as "anticipate", "continue", "plans", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the extent and impact of health pandemic outbreaks on our business; general business, economic, competitive, political and social uncertainties; general capital market conditions and market prices for securities; the actual results of the Company's future operations; competition; changes in legislation affecting the Company; the ability to obtain and maintain required permits and approvals, the timing and availability of external financing on acceptable terms; lack of qualified, skilled labour or loss of key individuals.

A description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's annual information form dated March 28, 2025 and other filings with the Canadian securities regulators available under the Company's profile on SEDAR+ at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.

Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Readers are cautioned not to place undue reliance on these statements as the Company's actual results, performance, or achievements may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements if known or unknown risks, uncertainties or other factors affect the Company's business, or if the Company's estimates or assumptions prove inaccurate. Therefore, the Company cannot provide any assurance that forward-looking statements will materialize. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

Any financial outlook or future oriented financial information in this news release, as defined by applicable securities legislation, has been approved by management of iFabric. Such financial outlook or future oriented financial information is provided for the purpose of providing information about management's reasonable expectations as to the anticipated results of its proposed business activities. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or any other reason except as required by applicable securities laws.

FOR FURTHER INFORMATION please contact:

Hylton Karon, President and CEO
Tel: 647.297.9815
Email: [email protected]

Hilton Price, CFO
Tel: 647.465.6161
Email: [email protected]
Website: www.ifabriccorp.com

Neither the TSX Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Exchange) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE: iFabric Corp

View the original press release on ACCESS Newswire

O.M.Souza--AMWN