who remembers IHTL???
I haven't been watching for awhile....I just came across this PR from LAST week, talked to corp this morning...and looks like MORE STRONG NEWS TO COME, maybe first of it as soon as tomorrow's opening bell.
This could be a HIGHLY overlooked internet mrkt segment...CHECK IT OUT!!!
Here is last week's PR (also check out their web site:http://www.globalsportsnet.com/)
01/12 11:59 Innovative Holdings Introduces Xtreme Telemetry Systems, Inc.
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Innovative Holdings Introduces Xtreme Telemetry Systems, Inc. Subsidiary
WINTER PARK, Fla., Jan. 12 /PRNewswire/ -- Innovative Holdings & Technologies, Inc. (OTC Bulletin Board: IHTL), has announced the formation of its new wholly owned subsidiary Xtreme Telemetry Systems, Inc. (X/T Systems, Inc.). This new subsidiary will spearhead the development of the revolutionary new X/T System, where television and Internet broadcast sports viewing audiences will virtually "see and feel" vital information on an athlete's bio/physiological performance, equipment operation and response, and deliver relevant environmental readings on a "real time" basis.
"I believe that the X/T System will revolutionize the way we look at sports on network television and on the Internet," said Helmut Wyzisk, President & CEO of Innovative Holdings & Technologies, Inc. "The Pep Boys (NYSE: PBY) Indy Racing League (IRL) will be the first to debut the new X/T System during the 1999 season, which includes the "Crown Jewel" of motor sports: The Indy 500. This technology can be applied to any sport, anywhere in the world, and through our Xtreme Telemetry Systems, Inc. subsidiary, we are entering into strategic corporate alliances in order to bring this unique, virtual information to a global audience on TV and the Internet."
X/T Systems, Inc. is pursuing strategic ventures with corporate partners and national broadcast networks in the sports industry worldwide. This positions IHTL, though its Xtreme Telemetry Systems, Inc. subsidiary, to leverage its proprietary technology and apply it to a vast range of sports and entertainment venues.
Innovative Holdings & Technologies, Inc. identifies, acquires and incubates early stage niche technology companies with outstanding growth potential. The company is currently developing an interactive sports Internet network that will feature a variety of sports venues showcased in an event- based format. This new global Internet network is scheduled to debut in Spring 1999.
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.
For information contact: Investor Relations, 888-338-3367. SOURCE Innovative Holdings & Technologies, Inc.
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/CONTACT: Investor Relations for Innovative Holdings & Technologies, Inc., 888-338-3367/ -- FLTU008 -- 2561 01/12/99 11:44 EST prnewswire.com Copyright PR Newswire 1998. All rights reserved.
dutifully submitted,
Phatt Jake
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