SOURCE: Innova Holdings, Inc.

March 03, 2006 14:54 ET

Innova Holdings Invited to Undervalued Equities 2006 Conference

FORT MEYERS, FL -- (MARKET WIRE) -- March 3, 2006 -- Innova Holdings, Inc. (OTC BB: IVHG), an automation technology company providing robotic hardware and software systems-based solutions for the manufacturing, military, homeland security, aerospace, consumer, medical, entertainment and service industries, today announced that it has been invited to present at this year's Friedland Investment Events' Undervalued Equities 2006 conference. The conference will be held March 7, 2006 at the Holiday Inn Hotel & Suites in Boca Raton, Florida.

Senior management of Innova Holdings will present a review of current operations and plans for the Company's future.

Commenting on the Company's participation at the Undervalued Equities 2006 Conference, Walt Weisel, Chairman and CEO stated, "Innova Holdings is enthusiastic that our presentation will demonstrate to the financial community the expanding role of robotics in today's fast paced world and the growing need for agile communications and control systems for emerging applications. The breadth and quality of the software resources, control systems, and other tools that Innova brings to the military, homeland security, industrial and other markets substantially enhances the functionality of applications and facilitates development activities. All of this technology is based on our three pioneer utility patents for robotic control." Friedland has been retained by Innova as part of its investor relations' program.

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 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 subsidiary of Innova Holdings, Inc., founded specifically to enable development of technologies, applications, and emerging markets in military, space, undersea exploration, 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.

About Friedland Investment Events

Friedland Investment Events LLC is the world's largest sponsor of financial and investment events, sponsoring hundreds of events annually, in 18 US cities and 3 European cities. These events include all-day conferences, breakfasts, luncheons and cocktail receptions.

Friedland Investment Events LLC, is an affiliate of Friedland Corporate Investor Services LLC and Friedland Capital Inc. (www.friedlandworldwide.com)

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," 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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