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

To: Jonathan S. Feingold who wrote (409)	4/8/1999 11:20:00 AM
From: Dave Gore	Read Replies (1) \| Respond to of 689

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 Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com