Announced the execution of an exclusive license agreement between Les Innovations Simon Chang Inc. and iFabric's wholly-owned subsidiary company, Intelligent Fabric Technologies (North America) Inc. The license provides IFTNA with the right to use the Simon Chang trademarks in connection with the manufacture and distribution of men's and women's swimwear, athleisure, underwear, sleepwear/loungewear, ready-to-wear fashionwear, swim accessories and cover-ups, to retailers and distribution channels approved by Simon Chang in North America, Europe and Australia. iFabric Corp. shares T.IFA are trading unchanged at $0.80.