- Innovative Designs (OTCQB:IVDN) acknowledges a substantial new private placement investment from its Board of Directors member, Robert K. Adams.
- Mr. Adams purchased 500K shares of IVDN at the market price on that date of 0.20 per share.
- This transaction resulted in a cash payment to the company of $100K which will be used to help further current plans to expand production and marketing of patented Insultex insulation product line.
- With this 500K-share purchase Mr. Adams has added to his IVDN stock holdings of 871,300 shares in total.