Chilliwack, British Columbia--(Newsfile Corp. - April 11, 2017) - Garmatex Holdings Ltd. (OTC PINK: GRMX) ("Garmatex Holdings"
or the "Company") is pleased to announce that Garmatex Technologies, Inc. ("GTI") has stated that Garmatex proprietary cooling
fabric technology IceSkin™ is the first choice for California based running apparel company BOA (Built On Athletics).
BOA is expected to introduce a line of men's and women's running apparel using proprietary Garmatex IceSkin™ fabric to be
launched in mid-2017. IceSkin™ combines Jade infused cooling technology with Garmatex Bact-Out™ Anti-Microbial, lightning fast
moisture transport, and UV protection.
Jeff Fleming of BOA was quoted, "We are always looking for new state of the art fabrics to ensure our customer has the best
product available, and GTI has raised the bar. Having state of the art products are key to stay ahead of the pack and offer the
best products."
"We were trying to find the answer to controlling body temperature to ensure peak performance at all times. So we tested this
fabric on athletes running in the deserts of Arizona in temperatures exceeding 110 degrees and also in East Cape, Baja where
temperatures were in the upper 90's with 95% humidity.. The cooling properties of this fabric made the runner feel like he was
wearing his own personal air conditioning system."
GTI's President and CEO, Darren Berezowski, says: Its great to see that athletic apparel companies like BOA are validating the
cutting edge technologies being innovated by GTI. From the beginning GTI has sought to develop technologies that would address
extreme conditions that both the amateur and professional might face each day. We are looking forward to a long and fruitful
relationship with BOA.
GTI is the developer of the Company's recently licensed Garmatex scientifically-engineered fabric technologies and performance
technologies, including a patented T3® design, Bact-Out®, CoolSkin®, WarmSkin®, Kottinu, ColdSkin™, SteelSkin™, Satinu™, CamoSkin™,
RecoverySkin™, SlimSkin™, AbsorbSkin™™ and IceSkin™. Garmatex Holdings (GRMX) has also agreed to acquire GTI subject to customary
terms and conditions. There is no assurance that Garmatex Holdings Ltd will acquire GTI as contemplated or at all.
Additional information regarding Garmatex Holdings Ltd., GTI, and Garmatex scientifically-engineered fabric technologies are
expected to be made available in subsequent press releases.
About Garmatex Holdings Ltd. (GRMX)
Garmatex Holdings Ltd. holds a non-exclusive Master Sublicense Agreement with Garmatex Technologies, Inc. ("GTI"), whereby it
was granted various intellectual property rights related to the design, development and manufacturing of various
scientifically-engineered fabric technologies and performance technologies, including a patented T3® design, Bact-Out®, CoolSkin®,
WarmSkin®, Kottinu™, ColdSkin™, SteelSkin™, Satinu™, CamoSkin™, RecoverySkin™, SlimSkin™, AbsorbSkin™ and IceSkin™. The Company
commenced operations using these technologies on March 9, 2017.
The Company plans to provide performance fabric solutions in virtually every sector that has textile applications. Its primary
strategy is to deploy its performance fabrics as a premium ingredient brand, similar to Gore-Tex® in the outerwear market, or akin
to Intel® in the computer space. The Company believes that its future fabrics will be superior in performance relative to current
market "standards" and will have a wide range of applications in multiple clothing and textile categories, including, but not
limited to, sports apparel, medical, sleepwear, linens, undergarments, military, designer wear, protective, industrial and first
responders.
The Company's business model is to co-develop fabric with manufacturers to obtain exclusive licenses of technology and purchase
fabric technology to build on its portfolio. The Company plans to commercialize these inventions by selling bolts of fabric
directly to retailers and wholesalers. The Company also plans to control the proprietary process of the technology for IP
protection and does not intend to own any manufacturing facilities, which are intended to allow it to scale.
The Company is in the market to acquire additional technologies from inventors looking for a commercialization partner.
Cautionary Language Concerning Forward-Looking Statements
This press release contains forward-looking statements. Statements in this press release which are not purely historical are
forward-looking statements and include any statements regarding beliefs, plans, outlook, expectations, or intentions regarding the
future including the statement that BOA is expected to introduce a line of men's and women's running apparel using proprietary
Garmatex IceSkin™ Jade infused fabric to be launched in mid-2017; the statement that GTI is looking forward to a long and fruitful
collaboration with BOA; the Company's plan to provide additional information regarding Garmatex Holdings Ltd., GTI, and Garmatex
scientifically-engineered fabric technologies in subsequent press releases; the Company's plan to provide performance fabric
solutions in virtually every sector that has textile applications; the Company's primary strategy to deploy its performance fabrics
as a premium ingredient brand, similar to Gore-Tex® in the outerwear market, or akin to Intel® in the computer space; the Company's
belief that its future fabrics will be superior in performance relative to current market "standards" and will have a wide range of
applications in multiple clothing and textile categories, including, but not limited to, sports apparel, medical, sleepwear,
linens, undergarments, military, designer wear, protective, industrial and first responders; the Company's business model to
co-develop fabric with manufacturers to obtain exclusive licenses of technology and purchase fabric technology to build on its
technology portfolio; the Company's plan to commercialize these inventions by selling bolts of fabric directly to retailers and
wholesalers; the Company's plan to control the proprietary process of the technology for IP protection; the Company's intention not
to own any manufacturing facilities, which are intended to allow it to scale; and the statement that the Company is in the market
to acquire additional technologies from inventors looking for a commercialization partner.
These statements relate to future events and involve known and unknown risks, uncertainties and other factors that may cause our
actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these forward-looking statements. Actual results could differ from
those projected in any forward-looking statements due to numerous factors. Such factors include, among others: the Company's
ability to implement its business and strategy, the success by the Company of the sales of its future products, the acceptance by
brand leaders of the Company's future products, the Company's ability to obtain additional funds for the planned operation, the
impact of intellectual property disputes that could materially and adversely affect the Company's business, the Company's ability
to remain competitive in the market for technologically advanced textiles, and the availability of raw materials in the manufacture
of products.
You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and
other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results,
levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future
events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations,
growth strategy and liquidity. Except as required by the applicable securities laws, including the securities laws of the United
States and Canada, we assume no obligation to publicly update or revise these forward-looking statements, or to update the reasons
actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes
available in the future.
For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our
public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at
www.sec.gov and with Canadian securities commissions under the Company's profile at www.sedar.com.
Contact Garmatex Holdings Ltd.
Devon Loosdrecht, President and CEO
devon@garmatexholdings.com
Contact Garmatex Technologies, Inc.
Darren Berezowski, President and CEO
dberezowski@garmatex.com
