iFabric Secures Global Rights for Technologies and Finalizes Protocol With the EPA

iFabric Corp. (TSX VENTURE:IFA) ("iFabric" or the "Company") today announced
that its wholly-owned subsidiary, Intelligent Fabric Technologies (North
America) Inc. ("IFTNA"), has executed an agreement that secures global
distribution and marketing rights of antimicrobial, antiviral and other textile
technologies.


The execution of the agreement provides several significant benefits to iFabric:



--  Expansion of distribution and marketing rights from North American
    rights to Worldwide rights; 
--  A direct, and more secure, relationship with the manufacturer of the
    technologies, including access to future product advancements and
    developments; 
--  Increased product margins as a result of the direct relationship with
    the manufacturer; and 
--  The elimination of the previous profit share arrangement.



As a result of securing the global rights to the products, IFTNA will rebrand on
a global basis, its current offerings of antimicrobial, antiviral and other
products. In addition, these products will now be offered on a global basis and
will not be restricted to only the North American market as was previously
designed.


"This new agreement clearly demonstrates the confidence the manufacturer has in
the Company to execute on the future growth plans for these products. The
agreement provides us with not only worldwide distribution rights at increased
margins, but also a direct contractual relationship with the manufacturer and
more efficient supply of our product to our customers," said Hylton Karon,
President and CEO of iFabric. "In addition, we now have the ability to supply
technical assistance and advice on product development in a wide variety of
market areas on a global basis," he added. 


IFTNA is terminating its existing Joint Venture Agreement ("JVA") with
Intelligent Fabric Technologies Plc ("IFT-UK",) an unrelated company. The
agreement with IFT-UK is being terminated for reasons of breach of material
terms of the JVA by IFT-UK. The severance of the JVA will result in a onetime
write-off of approximately $300,000 in current Joint Venture balances in the
quarter ended September 30, 2013 and reflected in the audited financial
statements of the Company for the year ended September 30, 2013, which are
expected to be released during the third week of January 2014. "The execution of
the new agreement ensures that business will not be affected by the termination
of the JVA" stated Mr. Karon. The Company also estimates that future costs in
connection with the new branding of the technologies will amount to
approximately $100,000. These costs will be expensed as incurred. 


The Company is also pleased to announce the approval from the United States
Environmental Protection Agency ("the EPA") of its public health claims testing
protocol.


"This represents the culmination of a three year process during which our
protocol was developed in conjunction with the EPA and marks an important
milestone towards higher level medical claims," said Hylton Karon. "However,
there is still additional testing required in bringing this project to
fruition," he added.


ABOUT iFABRIC CORP: 

iFABRIC CORP currently has 25.4 million shares issued and outstanding. iFABRIC,
through its subsidiary companies, is a manufacturer, distributor, licensor and
licensee of ladies intimate apparel products and accessories as well proprietary
chemical compounds that render fabrics intelligent, thereby improving the safety
and well-being of the wearer.


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. The use of any words such as
"anticipate", "continue", "estimate", "expect", "may", "will", "project",
"should", "believe" and similar expressions are intended to identify
forward-looking statements. These forward-looking statements are based on
current expectations and various estimates, factors and assumptions and involve
known and unknown risks, uncertainties and other factors. Forward-looking
information includes, but is not limited to, statements with respect to the
development potential of the Company's products. 


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. 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. 


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 forward-looking
statements contained in this press release are made as of the date hereof and
the Company undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws. 


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


FOR FURTHER INFORMATION PLEASE CONTACT: 
iFabric Corp.
Hilton Price
CFO
(905) 752-0566 Ext. 205
hilton.price@rogers.com
www.ifabriccorp.com


iFabric Corp.
Gary Perkins
Investor Relations
(416) 882-0020
garyperkins@rogers.com
Avidus Management Group, Inc. (TSXV:JVA)
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