MARKHAM, ONTARIO–(Marketwired – May 13, 2016) – iFabric Corp. (TSX:IFA), hereinafter referred to as “iFabric” or the “Company”, announces the results of the Annual and Special Meeting of Shareholders that was held on March 29, 2016. 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 the Company’s Information Circular, which was filed on SEDAR on March 2, 2016. All of the director nominees listed in the Information Circular were re-elected as directors of iFabric. Detailed results of the vote are set out below:
| DIRECTOR NOMINEE | OUTCOME | VOTES FOR | % FOR | VOTES WITHHELD | % WITHHELD |
| Hylton Karon | Elected | 20,827,824 | 99.99 | 3,000 | 0.01 |
| Hilton Price | Elected | 20,827,824 | 99.99 | 3,000 | 0.01 |
| Mark Cochran | Elected | 20,830,824 | 100.00 | 0 | 0.00 |
| Mark Greenspan | Elected | 20,830,824 | 100.00 | 0 | 0.00 |
| Jeff Coyne | Elected | 20,830,824 | 100.00 | 0 | 0.00 |
| Giancarlo Beevis | Elected | 20,827,824 | 99.99 | 3,000 | 0.01 |
| Jason Garay | Elected | 20,827,824 | 99.99 | 3,000 | 0.01 |
In addition, shareholders approved resolutions: to fix the number of the number of directors at seven with 100% of the votes cast in favour; appointing the Company’s auditors, Shimmerman Penn LLP with 100% of the votes cast in favour; approving the amended and restated 2015 Stock Option Plan with 99.99% of the votes cast in favour; approving the unallocated Stock Option Plan entitlements with 99.99% of the votes cast in favour.
About iFabric
iFabric is a manufacturer, distributor, and licensee of ladies intimate apparel products, sleepwear and accessories, and also is a developer and distributor of proprietary innovative products and treatments that are suitable for application to textiles, plastics, liquids, and hard surfaces. These products are designed to provide added benefits to the user. iFabric’s shares are publically traded on the Toronto Stock Exchange (TSX:IFA.TO). The Company currently has 25.9 million shares issued and outstanding.
647 465-6161
hilton.price@rogers.com
Gary Perkins, Investor Relations
416 882-0020
garyperkins@rogers.com