Just as important was the
amazing growth in new applications for ROBOTICS well beyond the industrial
sector in new market opportunities such as military, homeland security,
space , eldercare, healthcare, commercial security and others. Our strategy is to grow
through sales of our existing businesses by building a national sales
organization and by building our company through acquisitions and mergers
of subsidiary operations that serve existing as well as new areas with
strategic and complementary technologies. We received a very strong reception
and had over 90 serious visitors to our exhibit.

In February, Innova exhibited at the Association for Unmanned Vehicle
Systems International (AUVSI) Unmanned Systems Program Review in
Washington, DC. Its founder, Mr.

Innova Robotics, Inc.

mavs uninova

This project is to prove out
robotic tasks that may be undertaken if a planned 2008 repair mission to
the Hubble Telescope is carried out. This is a key organization because of its
recognition among industry leaders in the military and its collaborative
initiatives with other member organizations. and Israeli governments in obtaining new technology to
support their initiatives in creating more stable and secure environments.

Innova Holdings, Inc. and Friedland Capital Inc., Innova Robotics will leverage the patented products,
technology, and robotics expertise of RWT, as well as strategic
relationships with system integrators and third-party developers to earn a
leadership position in this emerging industry. WIRED Magazine's Second Annual Festival is Bigger and Better on Navy Pier ,
Features Projects That Promise to Transform the Way We Live, Work and Play

CHICAGO , Over 5,000 students, teachers and
non-profit organizations have signed up for "Education Day," the opening day
of WIRED NextFest(TM) at Navy Pier, where they will experience more than 100
cutting -edge exhibits that bring the future to life, WIRED Magazine announced
today. Exhibits include robots , flying cars, commercial planes for
travel to space, unmanned aerial vehicles, future warrior battle gear,
holograms and invisibility coats.

robotics dextrous

On August 25, 2004, Robotic Workspace Technologies , Inc. All of these units will be delivered by the end of the first
quarter 2006.S. Robot mechanical
arms typically have a life of over 25 years. Our employees are dedicated to superior
performance as professional team members.

uavs gmd

(RWT)
completed a reverse merger with HyTech Technology Group.

On December 4, 2004, Mr. The show was
a great success with 8,347 attendees. There were over 7,500 attendees and
many key decision makers from the military in attendance.

So, we entered 2006 with a truly different view of the future than we had
in January 2005. David Hyams formed CoroWare in 2002; Lloyd will continue to lead
CoroWare as President. Each has the opportunity to share
in the successes of Innova by participating in the company 's stock option
plan so all of us are clearly motivated to make Innova Holdings a great
success in 2006 and beyond.

Walter Weisel, Chairman and CEO
Innova Holdings, Inc.

kinematic robotics

We are in the engineering mock-up
stage now with much of the work being done in our Ft. This application
emphasized our capability to provide sensing, vision, GPS guidance, and
motion control to mobile platforms whether they be manned or unmanned. The acquisition will provide Innova Holdings with
the full breath of software and tools to meet additional customer needs in
the robotics arena. Dave will continue with his current duties and
become the Chief Technical Officer for Innova Holdings. This was a joint showing of our combined strengths for the
RWT proven robotics capabilities and the powerful addition of the CoroWare
software company. Its technology has been
applied in industries ranging from agriculture to automotive, to medical
and R&D. In
addition to increasing the interactivity and diversity of projects, there will
be more of everything at WIRED NextFest Chicago: dynamic, live demos,
cutting -edge exhibits that push the limits of what's possible, and expanded
global representation. At the
event you'll get a sneak peek at what our world could look like in 5-10
years," said Drew Schutte , publisher of WIRED Magazine.com.

A great deal of research goes on today into advanced Robotics, as scientists and engineers try to create 'better', more complex robots.

mechatronics locomotion

The corporate name
was changed to Innova Holdings, Inc. Eugene Gartlan joined the company in a consulting
capacity and in June 2005, he became the Chief Financial Officer (CFO).
Gene's successes with Moody's Investors Services, Dun and Bradstreet , and
as CFO of The Thompson Corporation's Information Publishing Group with 180
operating companies and revenues of over $4 billion have served Innova
Holdings well as he works to put us in a position to be recognized as a
company with an exciting opportunity for growth.

Therefore, we started 2005 with a goal of rebuilding in nearly all areas of
operation and looking for companies with complementary technologies to
align ourselves.

-- We assessed areas where our patented robotics hardware and software
needed upgrading and implemented new industry protocols, improving how our
solutions better meet customer needs.

-- As one of the most significant orders for our company and one
recognized throughout the world, our company received a single source
purchase order from NASA's Goddard Space Flight Center in July for a
substantially expanded version of our robotic control system.

While all of this activity was laying a solid foundation for Innova
Holdings future growth, Gene Gartlan was arranging a standby line of
funding of $10 million , which became available to us in late December. the leading technology company providing
robotic hardware and software systems-based solutions to the service,
personal, and industrial robotic markets which includes the healthcare,
homeland security, manufacturing, military, and space markets through our
two subsidiaries -- Robotic Workspace Technologies, Inc. The
WIRED NextFest pavilions will feature advances in communication, design,
entertainment, space/undersea exploration, medicine/health , security, and
transportation. 415-369-8110 or
devon.

sensorimotor neurotechnology

Over 700 individuals attended this conference.

-- Because of our gaining significant visibility and a commitment to
these new areas for our robotics technology, I represented our company at
the U.

About Innova Holdings, Inc.
Building on the overwhelming success of the inaugural event, WIRED has
increased the WIRED NextFest exhibit space by 65,000 square feet (to more than
145,000 square feet) and expanded the exhibition with 25 more projects.

kinematic mechatronics

Myers engineering
center. All of the patents issued to the company
have international registrations pending. As a
result, I accepted an advisory position on a steering committee reporting
to an official at the Pentagon ./Israeli Partnering Summit November 7-9, 2005, which addressed the
concerns of the U. While there was no reported revenue generated in 2005 as
this new foundation was organized, I believe the core foundations are now
in place to see substantial revenue beginning in 2006. RWT holds three pioneer utility patents issued by the
United States Patent and Trademark Office (USPTO) and patents pending
pertaining to the interface of a general use computer and the mobility of
robots, regardless of specific applications.
The three-day celebration, produced by WIRED Magazine and presented by GE,
will give the city of Chicago a glimpse of the future.

workcells uninova

PRESS RELEASE Innova Holdings Chairman Issues Open Letter to Shareholders

2005

The first step was putting a strong management team in place.

On January 25, 2006, we announced at an investors and analysts forum in New
York City that a letter of intent to merge CoroWare, Inc. The robot is
designed to mimic the movement and interaction of an actual student in a
classroom.
-- Security: Northrop Grumman's Killer Bee, a small unmanned airborne
system; iRobot innovations, such as R-Gator, that are the latest in military
robotics technology, many protecting soldiers in Iraq today.

telepresence mavs

I assumed the position of Chairman and Chief Executive Officer knowing
there was plenty to do to reshape and prepare Innova Holdings to realize
its full potential, and that is what we did in 2005. The combined efforts, expertise and talents of Innova Robotics,
RWT and CoroWare bring new opportunities for robotic products to the
markets defined earlier.

So, we are indeed moving forward and making progress in achieving the goal
of making Innova Holdings, Inc. (RWT) and Innova
Robotics, Inc.S. (OTC BB: IVHG), Fort Myers, Florida, builds
shareholder value by developing and acquiring technology-differentiated
solutions with extraordinary potential for profitable and sustainable
growth., Fort Myers, Florida, is a subsidiary of Innova
Holdings, Inc. WIRED NextFest will
showcase the best in emerging technologies and innovation from Illinois and
around the world.

neurotechnology biomimetic

It first
required finding and bringing on board a leading Chief Financial Officer to
oversee the very limited finances of the Company, assuring SEC compliance ,
and rebuilding shareholder confidence by securing the funding necessary to
get the company to its next level of success.

-- On July 26, the company received its third pioneer patent , issued by
the United States Patent office. CoroWare will operate as a wholly owned subsidiary of Innova
Holdings., and soon through the strength of CoroWare.

About Robotic Workspace Technologies , Inc.

About Innova Robotics, Inc. Therefore, undue reliance should not be placed on any
forward -looking statements, since they apply only as of today's date, and
accordingly, reference should be made to the Company's periodic filings
with the SEC. "We selected Chicago
for our second annual event because the city has a deep history of innovation
and we have many readers across the greater Chicagoland area.

neurotechnology summarising

Innova Holdings
did indeed stand out with the opportunity to add substantial functionality
to the military's unmanned vehicle programs by adding arms and manipulators
to these vehicles, a technology for which Innova has 100 plus man-years of
experience and three pioneer patents that provide the core technology for
the control of such applications.

From the
Mayor's office to the public schools to our affiliates and sponsors, we've had
great support to bring and share WIRED NextFest with Chicago.
-- Entertainment: Human Pacman, a game system that uses GPS, wireless
networking and motion sensing to make a virtual world come alive; Brainball, a
game that lets you control a ball with your mind.

sensorimotor servoing

-- Our new research, engineering , and design center was secured, prepared
for occupancy and equipment was installed to demonstrate the leading edge
robotics products and to develop application technology for the future. Lloyd Spencer
and Mr. RWT is recognized internationally for its pioneering contributions
to the robotics industry. Walter Weisel, has been a
driving force in the robot industry for the past 33 years, and is a
recipient of the prestigious Joseph F.

Research involves both the theory behind robots, and their actual design.

mechatronics summarising

-- In May, we participated in the National RoboBusiness 2005 conference
in Boston, Massachusetts, presenting our Universal Robot Controller
(URC) and examples of potential applications for service robots to
be used in military, space and homeland security markets, and as a basis
for opportunities in the rapidly growing healthcare and eldercare markets .

-- After the re-launch of our sales initiatives, in May we booked a
multiple unit order for the URC to a large automotive manufacturing
supplier. This system
will be used to operate multiple robotic arms in a "proof of operation"
ground simulation program here on earth.

-- During the RoboNexus conference exposition, Innova was asked to join
the National Center for Defense Robotics and the Technology Collaborative
of Pittsburgh, Pennsylvania .
"WIRED Magazine is first in showing you 'what's next' and we created WIRED
NextFest as a way to bring that concept, and the magazine, to life.
-- Exploration: a by contacting Devon Corvasce at Zeno Group, ph.

ufl locomotion

-- In September, we exhibited a new, high speed URC for industrial
applications at the bi-annual trade show for the industrial world -- the
2005 International Robots & Vision Show in Chicago, Illinois.S that are older
installed units; these are targets for RWT's controllers to extend the
mechanical arms' life and provide added functionality. As a wholly owned subsidiary of Innova
Holdings, Inc.

5 000 Students to Welcome the Future to Chicago at WIRED NextFest(TM)

Last year's WIRED NextFest, staged in San
Francisco, attracted nearly 25,000 visitors.

servoing mechatronics

Many changes were
implemented to organize our company for growth in the years ahead .

-- We identified new, emerging markets for our patented robotic solutions --
military , homeland security, space, eldercare, healthcare and commercial
security (referred collectively as "Service Robots") -- and we began to
gain a substantial position in that market by creating awareness of our
robotic capabilities.S.

Innova Holdings, Inc. These statements
involve risks and uncertainties and are based on the Company's beliefs and
assumptions it made using information currently available to it and which
reflect current views concerning those future events.

vibroacoustics uninova

-- the U.

Robotic Workspace Technologies (RWT), Fort Myers, Florida, is a subsidiary
of Innova Holdings, Inc., founded specifically to enable development of technologies,
applications , and emerging markets in military, space, undersea
exploration, and homeland security.
-- Health: GE's Vivid i, the world's first miniaturized cardiovascular
ultrasound system; PEBBLES, a tool to connect seriously ill children to the
classroom.weil@zenogroup.

dextrous mechatronics

(OTC BB: IVHG)
Chairman and CEO Walter Weisel today issued the following open letter to
shareholders and interested members of the investment community to update
all parties on the Company's recent operations. Here, the subsidiary
Robotic Workspace Technologies (RWT), was again recognized for its
significant work with NASA that could also be used in the unmanned military
vehicles program aimed at adding robotic arms to unmanned vehicles. contained herein are within the meaning of
the Private Securities Litigation Reform Act of 1995. Actual results could
differ materially. A sample of what attendees will experience includes:

-- Communication: Northwestern University's Watson, the ultimate
development in search technology; Motorola Voice Activated Media Server, a
home media server setup that responds to voice commands; a touch sensitive
interactive wall from Accenture. For those who are unable to attend school, the system uses a
telepresence robot to virtually place them in their class.com

telepresence vibroacoustics

It is one thing to move from point
A to point B; it is another thing entirely to perform a sophisticated
robotics task when you get to point B.

We will target opportunities with military and homeland security since the
government and our military have allotted $33 billion for developing an
unmanned fighting force equal to 30 percent of our armed forces by the year
2010 and much of this, I believe, will require some form of robotics
applications. Mr. This is a primary market for RWT.

The names of actual companies and products mentioned herein may be the
trademarks of their respective owners.

Press Contacts:

Devon Corvasce Christine Weil
Zeno Group for WIRED NextFest Zeno Group for WIRED NextFest
415 -369-8110 312-396-9778
christine.

telepresence uavs

Innova Holdings, Inc. But to
understand Innova Holdings' accomplishments, it is first important to look
at them within the context of where the company was as it approached 2005. I
was asked to be the opening keynote conference speaker and again took the
opportunity to demonstrate Innova Holding's commitment to military,
homeland security and space markets., both experienced
in communicating with investors in the micro -cap financial markets.

-- according to the Robotic Industries Association, there are over
1,000,000 robots installed worldwide and 200,000 in the U."

Only at WIRED NextFest
WIRED NextFest brings together revolutionary innovations from more than
100 inventors and research and development labs from around the world.

robotics servoing

Dear Innova Holdings shareholder:

Many goals were realized during 2005 and recognition established that today
form a foundation of the future of the company. I was a keynote speaker and
took the opportunity to challenge the service robot industry to change
their focus to task oriented platforms.

-- At the RoboNexus Conference and Exhibition held October 6-9th in San
Jose, California, we showcased the URC's ability to control a 6-axis robot
(dressed in Army camouflage) inspecting a miniature Abrams tank and a
military Humvee to sniff out dangerous chemicals. into Innova
Holdings was signed.

Forward -looking statements such as "believe," "expect,"
"may," "plan," "intend," etc.

sensorimotor dexterous

and the stock symbol changed to IVHG. Agora
provides investor communication programs while Friedland is the world's
largest sponsor of financial and investment events. This company is staffed by seasoned software and
systems engineers with the two top managers having served 20 years at
Microsoft.

A few points of interest to note regarding the markets we serve are:

-- an ARC Advisory Group study indicates there is $65 billion of
installed automation equipment in North America that is in need of PC
control upgrades.

I trust you can appreciate the efforts put forth to date to provide the
foundation for an exciting future. Innova is chartered to continue expanding its growing suite of
technologies through acquisitions and organic growth.
-- Design: HUBO, a humanoid robot from Korea that is equipped with state-
of-the-art voice recognition and vision-tracking software; Energy Curtain, a
window shade woven from a combination of textile, solar-collection and light-
emitting materials; Optical Camouflage, an "invisible coat" using tiny pieces
of glass which effectively becomes a movie screen.

standford servoing

2006

Last month our company began a two-fold investor relations program with
Agora Investor Relations Corp. Our three pioneer patents should be helpful in this area. The main CoroWare offices are located in Seattle with
additional employees located in Pennsylvania and Europe. and a leading provider of open architecture,
patent-protected, PC controls, software, and related products that improve
the performance, applicability, and productivity of robots and other
automated equipment. Engelberger Award recognizing his
contributions to the advancement of robotics and automation.corvasce@zenogroup.

uninova dexterous

-- In October, shortly after our exhibit in California , Innova
participated, by request, in the first Joint Military/Civilian Conference
on Intelligent Unmanned Vehicle Technology Transfer. in the United States and/or other countries.

biomimetic grasping

We continue to follow up
on those leads. military has committed $33 billion to spend on achieving a
substantial unmanned fighting force by 2010; Innova Robotics is focused on
this opportunity.

RWT, Universal Robot Controller, URC RobotScript, and
TeachPoint File Creator are either registered trademarks or trademarks
of Innova Holdings, Inc.