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To: Stevko F. who wrote (5139)	2/9/1999 11:17:00 AM
From: Kimberly Lee	Respond to of 11130

WallStreet Reporter interviews IHTL, good news out today: Wall Street Reporter.com [.16153] Interviews Helmut Wyzisk, President & CEO of Innovative Holdings & Technologies Business Editors WINTER PARK, Fla.--(BUSINESS WIRE)--Feb. 9, 1999--Innovative Holdings & Technologies Inc. (OTC/BB:IHTL), has announced that Helmut Wyzisk, president & CEO of Innovative Holdings & Technologies Inc. was interviewed by the Wall Street Reporter. This interview can be heard in its entirety on Tuesday, Feb. 9 on the internet at Wall Street Reporter's web site: wallstreetreporter.com. During the interview, Wyzisk discusses IHTL's wholly owned subsidiaries, Xtreme Telemetry Systems Inc. and the Global Sports Network. He details how these companies' technologies will launch IHTL into major broadcast relationships on both network television and on the internet. "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)," said Wyzisk. "This will enable IHTL to leverage its technologies and apply it to sports venues worldwide." IHTL's wholly owned subsidiary, Xtreme Telemetry Systems Inc. provides both mechanical and physiological data for sports broadcast venues worldwide. The Global Sports Network, a wholly owned subsidiary of IHTL, is an internet-based sports network that provides news, information, real time event coverage featuring Xtreme Telemetry Systems data, plus interactive games and events and full e-commerce. 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. --30--jd/mi* CONTACT: Innovative Holdings & Technologies Inc., Winter Park Scott Flynsn, 888/338-3367 KEYWORD: FLORIDA INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS INTERACTIVE/MULTIMEDIA/INTERNET SPORTS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Feb-09-1999 05:19 GMT Symbols: US;IHTL Source BW Business Wire