SOURCE: Innova Holdings, Inc.

October 06, 2005 14:22 ET

/ CORRECTION - Innova Holdings, Inc.

FORT MYERS, FL -- (MARKET WIRE) -- October 6, 2005 -- In the news release, "Innova Holdings, Inc. Appointed as Value-Added Reseller for Barrett Technology Inc.," issued earlier today by Innova Holdings, Inc., we are advised by the company that paragraphs five through ten have been added.

Complete corrected text follows.


Innova Holdings, Inc. Appointed as Value-Added Reseller for Barrett Technology Inc.

FORT MYERS, FL -- 10/04/05 -- Innova Holdings, Inc. (OTC BB: IVHG), an automation technology company providing hardware and software systems-based solutions to the service, personal, and industrial robotic markets, announces that Innova Holdings, Inc. and its subsidiaries have been appointed as a value-added reseller (VAR) by Barrett Technologies® Inc. (Cambridge, MA).

Barrett Technology is the technology leader for high-performance manipulators for robotics research and emerging applications requiring superior adaptability, programmability, and dexterity. Its product line includes the BarrettHand™, which is a multi-fingered programmable grasper, and the WAM™ Arm, which is listed in the Guinness 2000 Book of World Records as the world's most advanced robotic arm. In 2003, Barrett Technology founder, William T. Townsend, received the prestigious Joseph F. Engelberger Award for Technology Development. Barrett Technologies has worked with NASA , the medical community, manufacturers, and the military.

"Being a VAR for Barrett Technologies provides us the ability to integrate the BarrettHand and the WAM Arm into the systems we develop for a wide variety of applications," said Walter Weisel, Chairman and Chief Executive Officer of Innova Holdings, Inc. "These advanced mechanisms provide the unique functionality required for applications in the key markets we serve -- Military, Homeland Security, Space, Industrial and others."

Innova Holdings, Inc. has two subsidiaries, each focusing on different market sectors. Innova Robotics, Inc. focuses on the Military, Homeland Security, Space, Medical, Eldercare and other segments. Robotic Workspace Technologies, Inc. (RWT) focuses on the broad industrial and manufacturing market. Both of these subsidiaries leverage the patented products, technology, and robotics expertise of RWT, which represents more than 130 man-years of experience and know-how in robotic applications. Additionally, both companies will continue to develop strategic relationships with system integrators and third-party developers to assure a leadership position in the emerging service robot sector.

About Innova Holdings, Inc.

Innova Holdings, Inc. (OTC BB: IVHG), Fort Myers, Florida, builds shareholder value by developing and acquiring technology-differentiated solutions with extraordinary potential for profitable and sustainable growth. Innova is chartered to continue expanding its growing suite of technologies through acquisitions and organic growth.

About Robotic Workspace Technologies, Inc.

Robotic Workspace Technologies (RWT), Fort Myers, Florida, is a subsidiary of Innova Holdings, Inc. and a leading provider of open architecture, patent-protected, PC controls, software, and related products that improve the performance, applicability, and productivity of robots and other automated equipment. RWT holds three pioneer utility patents issued by the United States Patent and Trademark Office (USPTO)and patents pending pertaining to the interface of a general use computer and the mobility of robots, regardless of specific applications. The first patent, 6,442,451 was issued in 2002. The second patent, 6,675,070, was issued in 2004. Patent number 6,922,611, issued in 2005. Its technology has been applied in industries ranging from agriculture to automotive, to medical and R&D. RWT is recognized internationally for its pioneering contributions to the robotics industry. Its founder, Mr. Walter Weisel, has been a driving force in the robot industry for the past 32 years, and is a recipient of the prestigious Joseph F. Engelberger Award recognizing his contributions to the advancement of robotics and automation.

Innova Robotics, Inc.

Innova Robotics, Inc. Fort Myers, Florida, is a subsidiary of Innova Holdings, Inc. founded specifically to enable development of technologies, applications, and markets in the service robot international markets that include service robots for the military, space and undersea exploration, and homeland security. As a wholly owned subsidiary of Innova Holdings, Inc., Innova Robotics will leverage the patented products, technology, and robotics expertise of RWT, as well as strategic relationships with system integrators and third-party developers to earn a leadership position in this emerging industry.

RWT™, Universal Robot Controller™, URC™ RobotScript®, and TeachPoint File Creator™ are either registered trademarks or trademarks of Innova Holdings, Inc. in the United States and/or other countries.

The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

Forward-looking statements such as "believe," "expect," "may," "plan," "intend," etc. contained herein are within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties and are based on the Company's beliefs and assumptions it made using information currently available to it and which reflect current views concerning those future events. Actual results could differ materially. Therefore, undue reliance should not be placed on any forward-looking statements, since they apply only as of today's date, and accordingly, reference should be made to the Company's periodic filings with the SEC.

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