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

To: Due Diligence who wrote (87)	2/1/1999 9:12:00 AM
From: V$gas.Com	Read Replies (2) \| Respond to of 689

A Little NEWS: Monday February 1, 8:18 am Eastern Time Company Press Release SOURCE: Innovative Holdings & Technologies, Inc. Innovative Holdings in Joint Venture/Acquisition Talks With SoftQue, Inc. WINTER PARK, Fla., Feb. 1 /PRNewswire/ -- Innovative Holdings & Technologies, Inc. (OTC Bulletin Board: IHTL - news), through its wholly-owned Xtreme Telemetry Systems, Inc. subsidiary is exploring both joint venture and acquisition opportunities with SoftQue, Inc. of Mesa, Arizona. SoftQue, Inc. (http://www.softque.com) is a provider of state-of-the-art, non-invasive diagnostic systems that determine the health, physical performance and stress levels of humans and animals. ''The addition of SoftQue's technology with Xtreme Systems Inc.'s telemetry capabilities will allow us to rapidly build our Sports Training Division, an integral part of our ongoing business growth strategy,'' said Helmut Wyzisk, Chairman & CEO of Innovative Holdings & Technologies, Inc. ''It will also enhance our technological capabilities with Xtreme Systems' national and Internet broadcast of real time, virtual telemetry information with sports venues worldwide.'' IHTL's Xtreme Telemetry Systems, Inc. subsidiary currently provides television and Internet viewing audiences with vital information on an athlete's physiological performance such as heart rate, respiration, body temperature and more. In addition, the athlete's equipment or vehicle performance and relevant environmental data are displayed on a ''real time'' basis, right on the viewers screen. SoftQue's technology, which is currently limited to medical uses, can be expanded and applied to a wide range of Xtreme Systems' TV broadcast applications, which would be seen on sports venues on networks like ESPN/ABC (NYSE: DIS - news), Speedvision, Fox (NYSE: FOX - news) and Turner Broadcasting (NYSE: TWX - news). Internet applications would be on IHTL's Global Sports Network which will offer live programming like Broadcast.com and CBS Sportsline.com. Xtreme Telemetry Systems, Inc.'s Sports Training Division's applications include Thoroughbred Horse Racing, Olympic Training, X-Sports, Boxing, Golf, Skiing, Tennis, Motorsports and many other action sports venues. This technology can be applied to virtually any sports training application worldwide to help maximize an athlete's performance. 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 site called the Global Sports Network featuring sports events showcased in an event-based format. It has also entered into a strategic alliance with iChargeit.Com to present virtual games and sports product marketing on this e-commerce Internet site set to debut in February, 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.