Innovative Product Opportunities, Inc.
OTCBB : IPRU

December 16, 2011 16:30 ET

Innovative Product Opportunities, Inc. Negotiating to Purchase Aerospace Company

MISSISSAUGA, ONTARIO--(Marketwire - Dec. 16, 2011) - Innovative Product Opportunities, Inc., a product development firm, (OTCBB:IPRU), is in talks to acquire a well established aerospace company in Mississauga, Ontario.

Innovative intends to enter into an LOI over the next week as we work on an acceptable price and terms for the purchase. The manufacturing business has been operating since 1965 and has components on NASA's Canada Arm, Lunar rovers and space shuttles.

CEO Doug Clark remarked, "this opportunity is a huge leap forward for us into the exciting field of aerospace. The opportunities we anticipate are truly … out of this world!"

About Innovative Product Opportunities, Inc.

Innovative Product Opportunities, Inc. http://www.ipoinc.net is a product development firm organized to meet the needs of new and emerging product ideas. The company plans to identify, design, produce & assist bring to market new and innovative products for select clients. For more information visit our website at www.ipoinc.net

This press release contains forward-looking statements that involve a number of risks and uncertainties. Any statement not regarding a historical fact is a forward-looking statement. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, the company's ability to finance its planned expansion efforts; the company's ability to raise funds on acceptable terms; the company's ability to successfully adapt its business model and such other risks disclosed from time to time in the company's reports filed with the securities and exchange commission including those on the company's annual report on form 10-K. The company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in management's expectations, except as required by law.

Contact Information

  • Innovative Product Opportunities, Inc.
    Investor Relations
    347-789-7131 (New York)
    www.ipoinc.net

    SOURCE:
    Innovative Product Opportunities, Inc.