SOURCE: Innova Holdings, Inc.

June 12, 2006 09:11 ET

Innova Holdings CEO to Present at 2006 Global Equities Conference

Chairman and CEO, Walter Weisel, to Discuss Company's Recent Developments

FORT MYERS, FL -- (MARKET WIRE) -- June 12, 2006 -- Innova Holdings Inc. (OTCBB: IVHG), a robotics and automation technology company, announced today that its chairman and CEO, Walter K. Weisel, will deliver a presentation during Friedland Investment Events' 2006 Global Equities Conference in Las Vegas. He will make his presentation beginning at 3 p.m. on Thursday, June 22, at the Hard Rock Hotel & Casino.

The three-day conference is geared for publicly and privately held companies who are seeking interest from the financial community and select high net-worth investors.

Weisel's presentation will focus on Innova Holdings' recent developments such as the acquisition of CoroWare Inc. and the ongoing strategic relationship with Mesa Robotics Inc. He will also discuss some of the highlights of the June 20-21 RoboBusiness Conference and Expo 2006 in Pittsburgh.

Weisel is the chairman and chief executive officer of Innova Holdings Inc.; Innova Robotics Inc.; Robotic Workspace Technologies Inc. ™ (RWT™); and CoroWare Inc.

He has more than 33 years' experience, and is recognized as a pioneer and leader in the robotics industry. He is a founding member of the Robotic Industries Association (RIA), the U.S. robot manufacturers' trade association, and served three terms as its president. He also 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.

About Innova Holdings Inc.

Innova Holdings Inc. (OTCBB: IVHG), through its subsidiaries, provides hardware and software systems-based solutions to the military, service, personal and industrial robotic markets. The robotics and automation technology company is chartered to continue expanding its growing suite of technologies through acquisitions and organic growth. Online at www.InnovaHoldings.com.

About Robotic Workspace Technologies Inc.

Robotic Workspace Technologies (RWT™), Fort Myers, Fla., is a subsidiary of Innova Holdings Inc. and a provider of open architecture, patent-protected, PC controls, software and related products that we believe improve the performance, applicability and productivity of robots and other automated equipment. Its technology has been applied in industries including agriculture, automotive, medical and R&D, and is recognized internationally for its pioneering contributions to the robotics industry. RWT holds three "pioneer patents" issued by the United States Patent and Trademark Office, and has patents pending pertaining to the interface of a general-use computer and the mobility of robots, regardless of specific applications. Online at RWT.com

About Innova Robotics Inc.

Innova Robotics Inc., Fort Myers, Fla., is a wholly owned subsidiary and the marketing arm of Innova Holdings Inc. Innova Robotics customizes and distributes Innova Holdings' products to enable development of technologies and emerging markets in military, space, undersea and homeland security. Innova Robotics leverages the products and technology of Robotic Workspace Technologies, as well as strategic relationships with system integrators and other third-party developers, to earn a leadership position in this emerging industry.

About CoroWare

CoroWare is a mobile service robotics specialist with expertise in robotics technologies, Web services integration and embedded systems development for applications ranging from logistics and support, reconnaissance and surveillance, disaster recovery and rescue, and security and surveillance. Its subsidiary, CoroWare Test Labs in Pittsburgh, Pa., has the facility and applications for vendors to test unmanned vehicles for conformance with Joint Architecture for Unmanned Systems (JAUS) standards, a Department of Defense initiative designed to ensure standards for military applications. Online at www.CoroWare.com and www.CoroLabs.com.

Investor Relations

Investors can visit Innova Holdings' Investor Relations Hub at www.agoracom.com/IR/Innova to post questions and receive answers, or simply review questions and answers by other investors. They may also request to be added to the investor e-mail list.

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," "will" 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 subsequent events and developments may cause the Company's estimates to change. Risks and uncertainties are described in the Company's periodic Securities and Exchange Commission filings. The Company specifically disclaims any obligation to update the forward-looking information in the future.

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