MARKHAM, Ontario, April 03, 2018 (GLOBE NEWSWIRE) -- iFabric Corp. (TSX:IFA) (“iFabric”) is pleased to announce that at its annual meeting of shareholders, held in Markham on March 28, 2018, shareholders voted in favour of all resolutions brought before the meeting.  A detailed description of all resolutions that were voted on can be reviewed in iFabric's information circular which was filed on on March 2, 2018. All of the director nominees listed in the information circular were re-elected as directors of iFabric.  The detailed results of the vote are set out below:

NomineeVotes For% Votes ForVotes Withheld% Votes Withheld
Hylton Karon18,937,01099.80%38,8000.20%
Hilton Price18,937,01099.80%38,8000.20%
Mark Greenspan18,968,81099.96%  7,0000.04%
Jeff Coyne18,975,810100.00%00.00%
Mark Cochran18,975,810100.00%00.00%
Giancarlo Beevis18,930,01099.76%45,8000.24%

In addition, at the meeting, iFarbic shareholders approved resolutions to fix the number of directors at six and in respect of the appointment of BDO Canada LLP, Chartered Professional Accountants as the auditor of iFabric for the ensuing year.

About iFabric Corp.
Headquartered in Markham, Ontario, iFabric Corp currently has 26.2 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 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, accessories and sleepwear.

Hilton Price, CFO
Tel: 647.465.6161

Gary Perkins - Investor Relations
Tel: 416.882.0020

Jean-François Dubé (Québec) – Investor Relations
Tel: 514.233.9551