Innovative Holdings' Subsidiary to Provide Singapore Horse Racing Internet/TV
Broadcast Timing & Scoring Technology
Business Editors/High-Tech Writers
ORLANDO, Fla.--(BUSINESS WIRE)--April 26, 2000--Innovative
Holdings & Technologies, Inc.'s (OTCBB:IHTL) subsidiary, Xtreme
Telemetry Systems, Inc., has entered into an agreement with Pacific
Rim Racing to provide its proprietary broadcast TV and Internet "real
time" data streaming technology to develop new timing and scoring
systems for horse racing tracks located in Singapore, Malaysia,
Australia, and Dubai.
Xtreme Telemetry's new technology delivers information and
graphics for broadcast on television and the Internet.
According to Colin Beasley, Xtreme Telemetry Systems' CEO: "We
will work with Pacific Rim Racing in Singapore initially to design and
implement the world's first "real time" horse racing timing and
scoring system. We then plan on continuing to work with Pacific Rim
Racing to bring this new technology to horse racing tracks in
Malaysia, Australia, and Dubai."
"Xtreme will help bring new levels of excitement and interest to
horse racing," Beasley added. "This revolutionary new `live track'
system will allow racing fans to see where every horse is during every
moment of the race, along with accurate track conditions. In the
future, we even plan to show `real time' biological data on the horse
and jockey."
Xtreme Telemetry Systems' new X/T broadcast sports information
systems provide critical "real time" telemetry data on physical
performance (heart rate, body temperature, respiration, stress levels,
and more), equipment or vehicle performance, plus important
environmental data displayed on-screen for audiences on network
television, cable, and the Internet. The viewer is able to see an
incredible stream of information that truly makes the event come
alive, and provides a unique on-screen "billboard" that can be used to
feature promotional messages and sponsor's logos.
Innovative Holdings & Technologies, Inc. identifies, acquires and
incubates early stage niche technology companies with outstanding
growth potential.
The statements contained in this release which are not historical
facts contain forward-looking information with respect to plans,
projections or future performance of the company; the occurrence of
which involves certain risks and uncertainties that could cause the
company's actual results to differ materially from expected results.
Such risks include the timing of implementation and the scope and
success of the program described here.
--30--pp/mi*
CONTACT: Innovative Holdings & Technologies Inc., Orlando
Phil Flynn, Investor Relations
800/392-7961
Web Site: www.innovativeholdings.com
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