SOURCE: Innova Holdings, Inc.

June 21, 2006 15:21 ET

Strategic Alliance Provides Innova Robotics Exclusive Worldwide Rights to Market and Sell Mesa Robotics Products

Innova Robotics, an Innova Holdings Company, Agrees to Sales of Mesa Robotics Products on an Exclusive Basis

FORT MYERS, FL -- (MARKET WIRE) -- June 21, 2006 -- Innova Holdings Inc. (OTCBB: IVHG), a robotics and automation technology company providing software and hardware systems solutions to the robotic markets, announced today that it has entered into a strategic alliance with Mesa Robotics in Madison, Ala. The agreement grants Innova Robotics, an Innova Holdings company, the exclusive worldwide rights to market and sell a full line of Mesa Robotics unmanned ground vehicles in all markets, and makes Mesa Robotics the exclusive supplier of unmanned ground vehicles to Innova Robotics.

Innova Holdings Chairman and CEO Walter K. Weisel made the announcement during the RoboBusiness 2006 Conference and Expo in Pittsburgh.

Mesa Robotics designs and develops unmanned ground robotic vehicles and payloads that have been in use in Afghanistan, Iraq, Japan and the United States. Customers who have used these products include first responders -- sheriffs, police, fire departments, and search-and-rescue -- as well as military, homeland security and other commercial applications. The vehicles are used for reconnaissance, surveillance, counter-explosives operations, material transport, weapons platforms, and humanitarian demining.

The agreement includes existing products as well as any future products that would be supplied exclusively to Innova Robotics. The Mesa Robotics line currently includes ACER, Matilda, Marv and Maud.

The agreement is the next in a series of steps that define the overall scope of the legal assurances the companies will require, and is valid for five years, with more definitive terms and conditions to be developed at a later date.

Other provisions:

--  Innova Robotics is responsible for sales and customer support
    worldwide.
--  Innova Robotics is responsible for all service, warranty, installation
    and training, and will work with Mesa and others as needed.
--  Mesa Robotics will provide additional engineering to Innova Robotics
    as requested.
--  Mesa Robotics has granted to Innova Robotics a first right of refusal
    for any offer to acquire parts of, or the entire assets or stock, of Mesa
    Robotics.
--  Should Mesa Robotics decide to take in investment partners, Innova
    Robotics will have the first option to provide such investment in
    accordance with the goals of both companies.
    
"We believe it is incredibly exciting to have a strategic partner like Mesa where the Innova suite of products, designed and developed by CoroWare and Robotics Workspace Technologies, will enhance the functionality of robots in the future and make Innova Robotics a premier robotics software and hardware systems provider," Weisel said.

"We believe the service-robots market is significant, and we believe Innova Robotics and Mesa Robotics have the synergy to move forward to satisfy the continuing and increasing needs of this market, as well as other emerging sectors," he said.

About Innova Holdings Inc.

Innova Holdings Inc. (OTCBB: IVHG), through its subsidiaries, provides hardware and software systems-based solutions to the military, service, personal and industrial robotic markets. The robotics and automation technology company is chartered to continue expanding its growing suite of technologies through acquisitions and organic growth. Online at www.InnovaHoldings.com.

About Innova Robotics Inc.

Innova Robotics Inc., Fort Myers, Fla., is a wholly owned subsidiary and the marketing arm of Innova Holdings Inc. It customizes and distributes Innova Holdings' products to enable development of technologies and emerging markets. The company leverages the products and technology of Robotic Workspace Technologies™, another Innova Holdings company, as well as strategic relationships with system integrators and other third-party developers.

About Robotic Workspace Technologies Inc.

Robotic Workspace Technologies (RWT™), Fort Myers, Fla., is a subsidiary of Innova Holdings Inc. and a provider of open architecture, patent-protected, PC controls, software and related products that we believe improve the performance, applicability and productivity of robots and other automated equipment. Its technology has been applied in industries including agriculture, automotive, medical and R&D, and is recognized internationally for its pioneering contributions to the robotics industry. RWT holds three "pioneer patents" issued by the United States Patent and Trademark Office, and has patents pending pertaining to the interface of a general-use computer and the mobility of robots, regardless of specific applications.

About CoroWare

CoroWare is a mobile service robotics specialist with expertise in robotics technologies, Web services integration and embedded systems development for applications ranging from logistics and support, reconnaissance and surveillance, disaster recovery and rescue, and security and surveillance.

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Forward-looking statements such as "believe," "expect," "may," "plan," "intend," "will" 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 subsequent events and developments may cause the Company's estimates to change. Risks and uncertainties are described in the Company's periodic Securities and Exchange Commission filings. The Company specifically disclaims any obligation to update the forward-looking information in the future.

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