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VANCOUVER, March 6, 2014 /CNW/ - Garmatex Technologies, Inc. ("Garmatex" or the "Company"), an innovative developer and supplier of scientifically-engineered performance fabrics and apparel technologies, announced today that it plans to conduct an initial public offering ("IPO") of its common stock on the Toronto Stock Exchange.
Garmatex has selected Richardson GMP Securities as the lead underwriter on the IPO. Additional investment dealers are expected to join the underwriters' syndicate.
About Garmatex Technologies, Inc.
Garmatex empowers brands through textile performance and innovation. We help our customers meet their most difficult product challenges with our intelligent, dynamic Fiberithm process. Our performance technologies and fabrics: Kottinu™, T3®, Bact-Out®, CoolSkin®, WarmSkin®, IceSkin™, ColdSkin™, SteelSkin™, Satinu™, SlimSkin™, AbsorbSkin™, CamoSkin® and RecoverySkin™ have proven to be superior to any like products available in the market for comfort, fit and performance and are engineered using our proprietary "Moisture System Transference" (MST) process which provides unrivaled moisture management control. Garmatex's ground-breaking Kottinu™ fabric, with its amazing "cotton-like" comfort and feel, delivers unparalleled performance in moisture management, lasts 6 times longer than cotton, maintains color sharpness with minimal fade and is a viable alternative to cotton in any application where the inferior attributes of cotton have been considered "the standard". Our patented T3® triple-gusset shirt construction, which allows complete 360 degree mobility of the shoulder without restriction or shirt binding, is the first garment construction design patent granted in decades.
Forward-Looking Statement Disclaimer
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this news release, other than statements of historical facts, are forward-looking statements. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that may cause actual events or results to differ materially from those anticipated in the forward-looking statements, including, without limitation, risks and uncertainties relating to completion of the proposed IPO, changes in consumer preferences, market acceptance and technological changes, dependence on manufacturing and material supplies providers, competition, regulatory restrictions and the loss of key employees. These are among the primary risks we foresee at the present time. Although we believe that the expectations in our forward looking statements are reasonable, actual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. The Company assumes no obligation to update the forward-looking statements.
No securities regulatory authority has either approved or disapproved the contents of this news release. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the Company and management, as well as financial statements.
Image with caption: "Garmatex's growing family of fabric technologies (CNW Group/Garmatex Technologies, Inc)". Image available at: http://photos.newswire.ca/images/download/20140306_C9442_PHOTO_EN_37607.jpg
SOURCE: Garmatex Technologies, Inc
For further information:
Garmatex Technologies, Inc.
Contact: Bill Calsbeck