SOURCE: Innova Holdings, Inc.

May 02, 2006 10:21 ET

Innova Holdings CEO to Present at Friedland Investment Micro-Cap Conference in New York City

Chairman and CEO, Walter Weisel, to Explain Significance of Recent Alliance Agreement With Mesa Robotics Inc.

FORT MYERS, FL -- (MARKET WIRE) -- May 2, 2006 -- Innova Holdings Inc. (OTC BB: IVHG), a robotics and automation technology company, announced today that its Chairman and CEO, Walter K. Weisel, will present at Friedland Investment's Micro-Cap Conference on Wednesday, May 3, 2006, at the Doubletree Metropolitan Hotel in New York City. Innova Holdings provides patented software and hardware systems-based solutions for the service, personal and industrial robotic markets, NASA, and is entering the military and security markets.

Weisel will elaborate on the significance of the Innova Holdings agreement with Mesa Robotics Inc. He will discuss the integration of Innova Holdings' control software and enhancements with Mesa Robotics' fleet of unmanned ground vehicles and the impact of this alliance on current and future markets.

Weisel has more than 30 years' experience, and is recognized as a pioneer and leader in the robotics industry. An original founding member of the Robotic Industries Association (RIA), the U.S. robot manufacturers' trade association, Weisel served three terms as president. He served on the RIA Board of Directors and Executive Committee and, as a spokesperson for the industry, served as an advisor to members of the U.S. Trade Commission and the U.S. Department of Commerce. He was awarded the Joseph F. Engelberger Award, which recognizes the most significant contribution to the advancement of robotics and automation in the service of mankind. He has a long record of advancing technology and growing companies that develop and commercialize technology, including 13 years with Prab Robots, Inc. as chief executive officer, president and chief operating officer.

Friedland Capital brings together publicly traded global companies at events with the financial community in a variety of industry sectors across the United States and Europe.

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 Holdings 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. 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 33 years, and is a recipient of the prestigious Joseph F. Engelberger Award recognizing his contributions to the advancement of robotics and automation.

About Innova Robotics, Inc.

Innova Robotics, Inc., Fort Myers, Florida, is a wholly owned subsidiary of Innova Holdings, Inc., founded specifically to enable development of technologies and emerging markets in military, space, undersea and Homeland Security. 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™ 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.

Contact Information

    Joseph Gonzales
    Director of Corporate Communications
    Innova Holdings Inc.
    (239) 466-0488, extension 202