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Microcap & Penny Stocks : IHTL Innovative Holdings&Technologies Telemetry in Sports -- Ignore unavailable to you. Want to Upgrade?

To: WHITEAGLE who wrote (515)	6/30/1999 9:20:00 AM
From: WHITEAGLE	Read Replies (1) \| Respond to of 689

News Wednesday June 30, 7:51 am Eastern Time Company Press Release Innovative Subsidiary to Develop Military Applications Using Revolutionary New TV and Internet Broadcast Technologies WINTER PARK, Fla.--(BUSINESS WIRE)--June 30, 1999--Innovative Holdings & Technologies, Inc.'s (OTC/BB: IHTL - news) Xtreme Telemetry Systems, Inc. subsidiary has launched a major initiative to develop military applications using their revolutionary new data collection (telemetry) systems in an ongoing cooperative effort with U.S. Department of Defense (DOD)-based agencies. These multi-million dollar research and development initiatives are targeted toward military applications for the Army, Air Force, Navy and other U.S. Government Agencies in the form of existing military technology development programs, and through the direct exchange of technologies and research. These leading-edge technologies will become available for use in both private and Government sectors. ''Our Extreme Telemetry Systems, Inc. subsidiary is developing innovative data collection and sensor technologies for TV and Internet sports broadcasts that can be successfully applied to military applications.'', said Helmut Wyzisk, Chairman and President of Innovative Holdings & Technologies, Inc. ''For example, our 3-D field telemetry can be used to map a battlefield in real-time perspective, with the ability to identify, locate and track all participants on the field, including equipment, troops and terrain as it changes. A soldier's stress levels, heart rate, respiration and other vital signs can be tracked in real time to know exactly what they are experiencing at every moment. It's similar in look to a video game, only this time for real.'' In other news, Xtreme Telemetry Systems, Inc. has just completed a successful broadcast television and Internet data testing series with PEP Boys (NYSE: PBY - news) Indy Racing League's Team Pelfry ''PetroMoly Race Car'' (OTC/BB: MOLY - news). It was driven by Robby Unser, the IRL's Rookie of the Year, at the Indianapolis Motor Speedway. Further testing of Xtreme's X/T Motorsports System will be with Unser and Team Pelfry at Atlanta Motor Speedway, July 15-17, 1999. Innovative Holdings & Technologies, Inc. identifies, acquires and incubates early stage niche technology companies with outstanding growth potential. The Company is also creating a worldwide Internet sports network, sen1.com, which is billed as ''the total Internet sports experience,'' providing 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. Valu-net Corporation of Toronto, Canada, is working with IHTL to develop and market this new virtual, real-time sports network on the World Wide Web. IHTL's Xtreme Telemetry Systems, Inc. subsidiary offers TV and Internet broadcast viewers real-time data on an athlete's physical condition, equipment performance, and relevant environmental information, which will be broadcast on the new Internet sports network. 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. ------------------------------------------------------------------------ Contact: Innovative Holdings & Technologies, Inc., Winter Park Investor Relations: Phil Flynn 800/392-7961