SOURCE: Innovative Health Sciences, Inc.

May 19, 2010 12:51 ET

Innovative Health Sciences Completes Due Diligence Request to Potential Buyer

CLEARWATER, FL--(Marketwire - May 19, 2010) -  Innovative Health Sciences, Inc. (PINKSHEETS: IHSN), announced today that the Company has completed and submitted its final request for due diligence to its prospective buyer, pursuant to an offer received on April 29, 2010 to purchase 100% of the Company.

"Once we receive a response from the potential buyer, we will work prudently and expeditiously to review the information and update shareholders with next steps," said Chris Winter, president of Innovative Health Sciences, Inc. "Management of our wholly-owned media and marketing subsidiary, HM3, have been traveling extensively this month and will continue to do so over the next two weeks. Feedback from the road indicates a number of productive meetings were held, which are laying the foundation to launch new consumer products later this year."

Tim Harrington, president of HM3, said, "We recently attended Response Expo 2010, a three day trade show held in San Diego. Several hundred of the top executives in the direct response marketing industry attended the show. Management was able to participate in over 30 one-on-one meetings with the leaders of the top companies in attendance. Particular emphasis was placed on looking at new product marketing opportunities and in developing relationships to capitalize on the exploding internet market."

About Innovative Health Sciences, Inc.
Innovative Health Sciences, Inc. is focused on acquiring companies that are leaders in their respective market niches and have the potential for additional upside. Acquired in 2010, Harrington Multi Media Marketing (HM3) is a leading producer of infomercials and short-form direct television spots and developer of Internet-based marketing campaigns and transactional websites. HM3 also offers complete turnkey solutions to launch new consumer products including: assistance with outsourcing products and prototype development; set-up and management of call centers; product fulfillment and customer service; credit card processing; purchasing and management of media outlets, including telephone sales, direct response television (DRTV), and Internet sales. For more information, please visit www.ihs-development.com or call 727-230-1036 #157.

This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from the statements made herein.

Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from the statements made herein. Such forward-looking statements relating to the Company's future expectations, include, but not limited, to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements. 

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