SOURCE: Innovative Health Sciences, Inc.

May 24, 2010 13:24 ET

Innovative Health Sciences Issues Corporate Update to Shareholders

CLEARWATER, FL--(Marketwire - May 24, 2010) -  Innovative Health Sciences, Inc. (PINKSHEETS: IHSN) issued a corporate update to shareholders to discuss the Company's recent events and foundation for growth in 2010.

Chris Winter, president of Innovative Health Sciences, Inc., said, "I would like to thank our shareholders for their continued interest and support. With our recent acquisition of Harrington Multi Media Marketing, Inc. (HM3), I am pleased to welcome a number of new shareholders into our Company. Also, I would like to extend my gratitude for your comments and reiterate my confidence in the growth prospects of our Company."

"The Company is currently assessing exciting new projects and opportunities that leverage the substantial assets of our new wholly-owned subsidiary, HM3. These assets include: 1) HM3 Founder and President Tim Harrington, one of the most trusted and internationally successful business leaders in the direct response marketing industry; 2) transactional websites and turnkey supply chain management systems; and 3) the ability to turn innovative ideas into profitable, revenue-generating consumer products. It is an equally valuable asset that the Company is located in a state-of-the-art production studio specializing in infomercials and short-form television spots. The studio has a satellite farm that provides the technology to beam live programming anywhere in the world."

"In April, we signed an exclusive contract to bring a new fitness product to market by leveraging the resources and talent of HM3. We anticipate release of further product launch details, including the selection of a well-known product spokesperson, in the near future. We expect this single product to generate substantial revenue growth for 2010."

"In May, we received an offer to purchase 100% of our Company. The final acquisition terms could not be agreed upon, in part because we were unwilling to transfer a controlling interest in the Company. While we may consider synergistic alliances or acquisitions in the future, we are very confident in our ability going forward to build shareholder value organically with the team and resources we currently have positioned," concluded Winter.

About Innovative Health Sciences, Inc.
Innovative Health Sciences, Inc. remains focused on its plan of 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.

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. Such forward-looking statements relating to the Company's future expectations, including 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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