Mr. Hylton Karon reports

IFABRIC CORP ANNOUNCES MAIDENFORM(R) LICENSE RENEWAL

iFabric Corp.'s wholly owned subsidiary company, Coconut Grove Pads Inc. (CGP), has renewed its licence and distribution agreement with HBI IP Holdings Switzerland GmbH and Maidenform LLC, both subsidiaries of HanesBrands Inc. The agreement covers the distribution by CGP of intimate apparel accessories and specialty bra solutions which are marketed under HanesBrands' Maidenform brand.

Under the terms of the agreement, the company has the non-exclusive right to use trademarks in connection with the manufacture, marketing, sale and distribution of various Maidenform-branded products in the company's market segment in certain countries, including, among others, the United States, Canada, Mexico, the United Kingdom and a number of Caribbean countries.

"We are pleased to continue our long-standing relationship with this iconic brand," said Hylton Karon, president and chief executive officer of iFabric. "The Maidenform brand is an important part of our offering, that allows us to gain entrance into some of the largest global retailers. The new agreement underscores the continued confidence that HanesBrands has in CGP, from the signing of the original licence agreement in January, 2011," 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.

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 anti-viral and anti-bacterial characteristics, water-repellence, and UV (ultraviolet) 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.

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