SOURCE: Innosuisse Corp.

January 12, 2011 16:00 ET

Innosuisse Corp. -- Update on Group Consolidation, the Ongoing Preparation of the Audit and the Integration of Peters Engineering

MURTEN, GERMANY--(Marketwire - January 12, 2011) - Today, we want to inform you about the following,

1. Consolidation of all Swiss affiliated Companies:
For the preparation of the consolidation of all Swiss companies of Innosuisse Corp. (PINKSHEETS: INSE), we ordered a revision report and analysis, which was executed by BDO AG (a globally acting accounting and audit firm). Approximately by the end of February 2011, this procedure will be completed. Through this, Innosuisse will reach a more efficient and lean structure.

2. Audit:
Innosuisse is currently performing the preparation to audit all financial statements to become a full reporting company.

3. Integration of Peters Engineering: 
With the election of Mr. Goddert F. Peters to become Chairman of the board of Innosuisse in 2010, a market professional with decades of experience within aviation and general engineering has joined Innosuisse. 

After signing the corresponding contracts, Innosuisse has now completed its long term goal to acquire Peters Engineering. 

Innosuisse is gaining the following assets immediately:

a. An established and sustaining yearly gross turnaround of approximately Euros 7 Million (USD 9 Million) through engineering services.
b. Internal engineering capacities for product development and evolution of existing products.
c. ISO 9001 certified teams and resources for development and manufacturing of Innosuisse products.
d. Decades of experience and resources for documentation, certification of all of Innosuisse and Swisscopter aviation products.
e. Access to the global aviation market.

4. After a phase of consolidation in our R&D team, we are now strengthening the division under supervision of Mr. Peters.

Innosuisse wishes all the best for the new year 2011.

With best regards,

Innosuisse Corp.

This document contains statements that constitute "forward-looking" statements within the meaning of the Securities Act of 1933 and the Securities Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. "Forward-looking" statements contained in this document include the intent, belief or current expectations of the Company and its senior management team with respect to future actions by officers and directors of the Company, prospects of the Company's operations, profits from future operations, overall future business prospects and long term stockholder value, as well as the assumptions upon which such statements are based.

Investors are cautioned that any such forward-looking statements are not guarantees of future performance, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those contemplated by the forward-looking statements in this document include, but are not limited to, adverse developments with respect to the resolution of current stockholder litigation, adverse developments involving operations of the Company's business units, failure to meet operating objectives or to execute the business plan, and the failure to reach revenue or profit projections. The Company undertakes no obligation to update or revise the forward-looking statements contained in this document to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results over time.

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