LAS VEGAS, July 24, 2012 /PRNewswire/ -- Inova Technology (OTCBB: INVA), a leading provider of network solutions and asset tracking software, has filed an S-1 registration statement with the Securities and Exchange Commission relating to a proposed offering of new shares of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined.
The CEO of Inova, Mr. Adam Radly, said, "This offering will help us to launch new proprietary software solutions that we have been developing for some time and possibly also reduce some debt."
Adam Radly added, "We will be providing additional information regarding our new software very soon. It's a very exciting time for Inova."
The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering may be obtained from the Company. A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Inova Technology
Inova Technology, Inc. (INVA) is an enterprise level Information Technology solutions provider specializing in providing proprietary RFID solutions, wireless networking, storage and security technology solutions and IT professional services. Our objective is to implement and optimize solutions for our clients with best of breed technology and the best possible service.
For more information please visit the company website at: http://www.inovatechnology.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
SOURCE Inova Technology, Inc.