Novation Holdings, Inc.

December 20, 2012 14:48 ET

Novation Holdings (ALZM) Announces Trading Symbol Changes

BOCA RATON, FLORIDA--(Marketwire - Dec. 20, 2012) - Novation Holdings (OTCBB:NOHO) today announced that the company's stock trading symbol has been changed by FINRA to NOHO from the prior symbol ALZM, effective today.

As a result of the recent (November 6, 2012) effective date of the name change, reverse split and change of corporate domicile, the trading symbol for the common stock changed as of November 6, 2012 to "ALZMD" to signify the completion of the reverse split and the issuance of a new CUSIP number for the common stock. On December 6, 2012, the "ALZMD" trading symbol was changed back to "ALZM" by FINRA, the same as before the effective date. This is in accordance with the policy of FINRA, which issues and maintains trading symbols for all public companies, that a trading symbol for a company engaged in a reverse split or other corporation transaction is first changed by adding a "D" as a fifth letter for a period of 20 business days, after which the symbol reverts to the old, pre-transaction symbol for the next 10 business days, when a new permanent symbol is issued. Accordingly, the new trading symbol NOHO, representative of the new Novation Holdings name, was issued by FINRA on December 19, 2012, effective today.

Michael Gelmon, Chairman and CEO of Novation, stated, "This symbol change to NOHO represents the final step in transforming the company from a focus exclusively on development of medical devices to a diversified holding company with interests in medical devices, early childhood language education, Internet service providers, and Internet distribution and sale of consumer and health and beauty products. Limiting our focus to the high risk, capital intensive, medical device market did not seem to be a prudent use of our resources, particularly with the imminent new tax on medical device manufacturers. This expansion of our business model will allow us to generate revenues and profits must faster and to position us for more acquisitions."


Certain statements contained herein and subsequent oral statements made by and on behalf of Novation Holdings, Inc. may contain "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward looking statements are identified by words such as "intends", "anticipates", "believes", "expects", and "hopes" and includes, without limitation, statements regarding Novation Holdings, Inc.'s plan of business operations, product research and development activities, anticipated revenues and expenses and potential contractual arrangements and obligations. Also, our management may make forward-looking statements orally to investors, analysts, the media and others. Any statements made in this news release about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. These risks and others are included from time to time in documents we file with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on our future results. Accordingly, you should not place undue reliance on these forward-looking statements. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The Company undertakes no obligation to update or correct its own forward-looking statements, except as required by law or those prepared by third parties that are not paid by the Company. The Company's SEC filings are available at

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