SOURCE: In Ovations Holdings, Inc.

January 20, 2015 08:50 ET

In Ovations Holdings, Inc. Acquires NBE Financial Network, Inc., With Close to 1 Million Dollars in Annual Revenues Through Management of Several Locations in Four States

DORAL, FL--(Marketwired - Jan 20, 2015) - In Ovations Holdings, Inc. (OTC PINK: INOH) has acquired NBE Financial Network, Inc. (NBE) as a wholly owned subsidiary. With nearly $1 million dollars in revenues in 2014, NBE's acquisition by INOH continues the trend of the company's diversification and augments its current holdings with a strong revenue generating network.

NBE, managing established offices in Florida, New York, New Jersey and Illinois, is engaged in the operation and management of law offices in these multiple states and is also engaged in the acquisition and management of residential properties. Managed from its corporate office in Miami, Florida NBE, through its relationship with INOH, will seek to expand its operations to new markets and further penetrate its existing markets.

NBE Director of Operations Michael Fletcher stated, "We are thrilled to become a part of the In Ovations Holdings family of companies. Through this relationship we intend to meet and strive to exceed our goals in providing quality products and services that meet the needs of our target market nationally for continued growth and brand awareness."

Mark Goldberg, INOH Co-CEO added, "We are excited to welcome in NBE to our family of companies. In seeking out this relationship and ultimately acquiring NBE as a wholly-owned subsidiary, we consistently kept in mind the feedback from our valued shareholders. By acquiring NBE, a company with nearly $1 million dollars in revenues and a presence in multiple metropolitan areas, we have augmented INOH's holdings in order to balance active, present value with our other holdings of strong future potential."

Rosendo Alvarez, III, INOH Co-CEO stated, "Our vision in re-launching this company in October 2013 was to transition from a small, operational business in a foreign country to a traditional model holding company. By virtue of our recent relationships and acquisitions, we have taken the steps necessary to demonstrate to our shareholders that we are firmly committed to this business model. The acquisition of NBE, a significant revenue generator, was the next logical step in our corporate evolution. NBE is a solid, established network, with strong, experienced management. With NBE's already impressive achievements, INOH will work with NBE's management team to meet our mutual goals of expansion, market penetration and increased revenues."

Background

In Ovations Holdings, Inc. continues to pursue several potential business opportunities in the cancer-related field through its development and sale of sputum cytology and its partnership with Regulon, Inc. Its subsidiary, Electro Verde, Inc., markets, in conjunction with Coordinated Systems International, the patented GradiLux™ Total Lighting System Solution which can reduce electricity consumption and carbon emissions in municipal lighting systems worldwide. The company is a minority owner of Atmospheric Water Solutions, a company involved in water purification. The Company is also engaged in identifying and engaging in other business opportunities for purposes of diversification and revenue generation.

Safe Harbor Statement:
Under the Private Securities Litigation Reform Act of 1995: This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.

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