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

To: gizmo&jack who wrote (432)	4/21/1999 8:23:00 AM
From: chapin	Read Replies (2) \| Respond to of 689

news be out!!!!!!!!!! (BSNS WIRE) sen1.com Internet Domain to be Acquired by Innova sen1.com Internet Domain to be Acquired by Innovative Holdings from Valu-net Corporation Business Editors Winter Park, Fla.--(BUSINESS WIRE)--April 21, 1999--Innovative Holdings & Technologies, Inc.(OTC/BB: IHTL) has signed a letter of intent to license and acquire the established Internet domain name: sen1.com from Sports Entertainment Network 1, Inc., a wholly-owned subsidiary of Valu-net Corporation (ASE: VNE) of Ontario, Canada. The assignment agreement is to be completed by October 1, 1999, subject to the approval of the Board of Directors of each Company. 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 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 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. Valu-net Corporation, a publicly traded corporation (ASE: VNE), is a leading marketing and technology company providing a complete range of services designed to meet the growing demand for Internet marketing and electronic commerce. Valu-net's Enhanced Service Program (ESP) provides businesses with integrated internet marketing programs, electronic commerce and transaction technologies designed to advance their business and marketing goals. ESP's Web-This-Week (http://www.webthisweek.com) is the largest gateway to the Internet in Canada, enabling consumers to interact with businesses on the web. 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--eb/ny* CONTACT: Innovative Holdings & Technologies, Inc. Scott Flynn, Investor Relations: 888-338-3367 KEYWORD: FLORIDA INDUSTRY KEYWORD: AUTOMOTIVE ENTERTAINMENT SPORTS COMED COMPUTERS/ELECTRONICS INTERACTIVE/MULTIMEDIA/INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *