IHTL NEWS...time to re-read and get a little more excited:
from 3/23
Innovative Holdings & Technologies, Inc.'s (OTC BB:IHTL) Xtreme
Telemetry Systems, Inc. subsidiary is testing its revolutionary new
Xtreme Telemetry/Motorsports System (XT/M) with Robby Unser, lead
driver for the PEP Boys (NYSE:PBY) Indy Racing League Worldwide
PetroMoly (OTC BB:MOLY) Team Pelfry.
Television and Internet broadcast sports viewing audiences will
be able to virtually "see and feel" vital, "real time," information on
an athlete's physiological performance, equipment operation and
response, and deliver environmental readings in and around the event.
"Robby Unser, the Indy Racing League's Rookie of the Year, is
playing a key role in helping us perfect the XT/Motorsports System
that will deliver a fascinating package of physical, mechanical and
environmental data that will dramatically change the way we view
motorsports on TV and the internet," said Helmut Wyzisk, President &
CEO of Innovative Holdings & Technologies, Inc., Xtreme Telemetry
Systems, Inc.'s parent company.
"We need the excitement that the XT/M System can bring to
motorsports," said Robby Unser, son of three-time Indy 500 winner
Bobby Unser. "The fans want to know the kinds of incredible physical
challenges we go through every time we get into that car. Now, for the
first time, we can really show them."
Innovative Holdings & Technologies, Inc. identifies, acquires and
incubates early stage niche technology companies with outstanding
growth potential. The Company is also creating the Global Sports
Network, "the total internet sports experience," which will provide
virtual real time participation for internet users in sporting events,
user-friendly on-line games, e-commerce and face-to-face audio and
video chat rooms. It has also entered into a strategic alliance with
iChargeit.Com (OTC BB:PLNKD) to present virtual games and sports
product marketing on their e-commerce internet site. Through its
Xtreme Telemetry Systems, Inc. subsidiary, IHTL is aggressively
developing strategic alliances and joint ventures with key corporate
players and broadcast networks like ESPN/ABC (NYSE:DIS), Fox
(NYSE:FOX) and Turner Broadcasting (NYSE:TWX). IHTL is also
developing a Sports Training Division with applications including
Thoroughbred Horse Racing, Olympic Training, X-Sports, Boxing, Golf,
Skiing, Tennis, Motorsports and many other action sports venues.
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--gaa/mi*
CONTACT: Innovative Holdings & Technologies, Inc., Winter Park
Scott Flynn, Investor Relations, 888/338-3367
KEYWORD: FLORIDA
INDUSTRY KEYWORD: AUTOMOTIVE ENTERTAINMENT SPORTS
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