Mr. Hylton Karon reports

IFABRIC CORP UPDATE ON STATUS OF EPA SUBMISSION OF PROTX2 TEXTILE APPLICATION

iFabric Corp. has provided updates on the status of the submission to the U.S. Environmental Protection Agency (EPA).

"Ongoing communications with the United States Environmental Agency have culminated in their request for a final data set regarding the leaching nature of textiles treated with ProTX2. Whilst we have for years internally conducted leaching testing to apparel and medical industry standards, the EPA have requested a distinct protocol that is acceptable to them," stated Hylton Karon, president and chief executive officer of iFabric.

"The study is being carried out at an independent laboratory under good laboratory practices (GLP) standards. Our prior testing has always shown that the leaching of our product is well within the acceptable safety norms. Accordingly, I would expect the current test to yield similar results and thus be our final step in the approval process for public health claims on apparel," concluded Mr. Karon.

About iFabric Corp.

Headquartered in Markham, Ont., iFabric is listed on the Toronto Stock Exchange 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.

We seek Safe Harbor.