SOURCE: In Ovations Holdings, Inc.

March 16, 2015 09:40 ET

In Ovations Holdings, Inc.'s Wholly-Owned Subsidiary NBE Financial Network, Inc., Reports Substantial Increases in Revenues

DORAL, FL--(Marketwired - Mar 16, 2015) - In Ovations Holdings, Inc. (OTC PINK: INOH) wholly-owned subsidiary NBE Financial Network, Inc. (NBE) reports revenues of $80,335 for February, 2015, an increase of 31%. NBE Director of Operations Michael Fletcher stated, "We are happy to announce that our business model has been successful as evidenced by our increased revenue for the fiscal year 2015 compared to the fiscal year 2014 and through the comparison of the monthly revenue for February 2015 to 2014 ($80,335 compared to $55,597). Gross revenue for the calendar year ended December 31, 2014 was $909,337. We believe that we are meeting the needs of our target markets. We arranged the opening of our law firm client's Manhattan office in February 2014 and its Chicago office in August, 2014. We are investigating additional legal specialties for the law firm we manage and additional finance opportunities."

NBE has obtained over 700 modifications to date for its law firm's clients; is accountable for over 300 open cases on a continuous basis; it generates clients through a variety of aggressive marketing techniques; it has generated over 300 new clients per year for the last three years; and is responsible for processing over 50 court hearings a month related to loan modification clients.

Background
INOH's subsidiary, NBE, manages a law firm with offices in Florida, New York, New Jersey and Illinois, acquires and manages residential properties, and represents clients in mortgage remediation. NBE is also engaged in identifying other legal and finance areas for diversification and revenue generation. INOH is involved in the cancer-related field through its development and sale of sputum cytology and its partnership with Regulon, Inc., a nano-particle cancer detection company. 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.

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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