SOURCE: Innova Holdings, Inc.

September 14, 2006 17:15 ET

Innova Holdings, Inc. Notifies Stockholders That the Special Meeting of Stockholders Tentatively Scheduled for Friday, September 15 Is Postponed

FORT MYERS, FL -- (MARKET WIRE) -- September 14, 2006 -- Innova Holdings, Inc. (OTCBB: IVHG), a robotics technology firm providing software and hardware systems to the service, personal, and industrial robot markets, today announced that the Special Meeting of Stockholders tentatively scheduled for Friday, September 15, 2006 has been postponed.

One of the proposals to be put to a vote of the stockholders is a reverse stock split of the issued and outstanding shares of common stock at a ratio of either one-for-eight or one-for-ten, as determined at the discretion of the board of directors to be in the best interests of the Company without further approval from our stockholders.

The company is awaiting SEC approval on this issue, after which the meeting date will be finalized.

When the meeting is held it will be held at Sanibar Harbour Resort located at 17260 Harbour Pointe Drive, Fort Myers, FL 33908, www.sanibel-, which is a short distance from the company's headquarters.

The company plans to have on display at its headquarters a number of products including the new Universal Robot Controller 3™ (URC3™) which was recently launched by the Robotic Workspace Technologies, Inc. (RWT™) subsidiary as a result of technology innovations developed for the previously announced NASA contract, and also Mesa Robotics Inc. unmanned ground vehicles, for which the Innova Robotics subsidiary has exclusive worldwide sales and marketing rights. Representatives from the CoroWare subsidiary will also attend to demonstrate their software tools.

About Innova Holdings, Inc.

Fort Myers, FL-based Innova Holdings, Inc. (OTCBB: IVHG), through its subsidiaries, provides hardware and software systems-based solutions to the military, service, personal and industrial robots markets. The robotics and automation technology company is chartered to continue expanding its growing suite of technologies through acquisitions and growth. Its founder, Chairman and CEO Walter K. Weisel, is recognized as a pioneer and leader in the robotics industry. The company's wholly owned subsidiaries are Robotic Workspace Technologies Inc. (RWT), Innova Robotics Inc., and CoroWare. To learn more, visit us online at

Investor Relations

Investors can visit Innova Holdings' Investor Relations Hub at 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.

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.

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