NEWS!!!
Company Press Release
SOURCE: Innovative Holdings & Technologies, Inc.
Innovative Holdings Selects Pi Research, Inc. As Its Lead Technology
Provider
WINTER PARK, Fla., Feb. 4 /PRNewswire/ -- Innovative Holdings & Technologies, Inc. (OTC Bulletin Board: IHTL -
news), through its wholly owned subsidiary, Xtreme Telemetry Systems, Inc., has chosen Pi Research, Inc. (http://www.piresearch.com) of Indianapolis, Indiana,
with headquarters in Cambridge, England (Pi Group, Ltd.) as its lead technology provider for its new network television and internet broadcast telemetry systems
for motorsports, and for applications being developed with other sports sanctioning bodies and venues worldwide.
Pi Group, Ltd. is an international leader in the design and manufacture of sports data acquisition and control systems for motorsports sanctioning bodies and racing
teams worldwide. In the United States, they include the Pep Boys (NYSE: PBY - news) Indy Racing League, CART FedEx (NYSE: FDX - news) Champion
World Series, NASCAR, the American Motorcycle Association and the National Hot Rod Association (NHRA). Internationally, the Pi Group, Ltd. provides their
technology to Formula 1, F3000, Formula 3, Formula Renault & Renault Spider, Formula Ford, Formula Vauxhall & Vauxhall Junior, the FIA International GT
Championship, Super Touring Cars, Group N Saloon Cars, Karting (UK) and Motorcycles (UK).
The Pi Group, Ltd. also provides leading edge software and electronic solutions for the automobile industry with companies including Ford (NYSE: F - news) and
Delco Electronics (NYSE: RMY - news).
Pi Research, Inc. along with Xtreme Telemetry Systems, will create the core technologies to support the development of Xtreme Telemetry Systems' new
broadcast information systems that will provide critical ''real time'' data on an athlete's physical performance (heart rate, body temperature, respiration, grip
pressure, and more), equipment or vehicle performance, plus important environmental data displayed for broadcast audiences on both network television and on
the internet.
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. The Company
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.
For information contact: Investor Relations: 888-338-3367
SOURCE: Innovative Holdings & Technologies, Inc. |
