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yeah, w/Wachovia.

http://www.roboticstrends.com/displayarticle862.html?POSTNUKESID=49481d630366a576b751e717240fdb9b

Industry Shorts - Nexus: Robots in Squad Cars: Innova Holdings and Wachovia Team Up to Provide Leasing Program
Tuesday, August 15, 2006 - 09:08 AM

Equipment leasing program provides municipalities and state agencies up to $2 million in financing to assist sheriffs, police and fire departments equip response vehicles with unmanned robotic vehicles for search and rescue, surveillance, and other dangerous missions.

Innova Holdings, Inc. (OTC BB: IVHG), a robotics technology firm providing software and hardware systems to the service, personal, and industrial robot markets, announced that working with Wachovia Bank it is now offering an equipment leasing program especially developed for municipalities, state agencies, and other public entities that can issue bonds that can be used to purchase unmanned robotic vehicles for their departments. The announcement was made before attendees of the Florida Chapter of the FBI National Academy Associates Annual Training Conference, July 31, 2006, at Sanibel Harbour Resort & Spa in Fort Myers, Fla. The lease offering conforms to the usual equipment lease structure and features competitive terms. Federal agencies are excluded from this program currently but will be considered in the future.

“We believe that sheriffs and police departments, firefighters, and emergency response teams need and want unmanned robotic vehicles available to assist with any number of emergency situations from rescuing miners from a mine disaster to tracking down fugitives,” explained Walter K. Weisel, Chairman and CEO of Innova Holdings. “We believe that this lease program with Wachovia may enable local and state agencies to bundle the acquisition of an unmanned robotic vehicle with, for instance, the leasing of new or additional patrol vehicles.”

Commenting on the leasing program, Tino Hernandez, Equipment Leasing Manager at Wachovia Bank said, “We are pleased that Innova Holdings, which has a long-standing banking relationship with Wachovia, chose us to provide its leasing program.”

According to Hernandez, leases up to $250,000 require only a one-page lease application. The program is designed to be simple and quick. Wachovia can provide lease arrangements for Innova Holdings’ customers ranging from as little as $25,000 up to $2 million. Hernandez also stated that computer-based equipment is the largest commodity in its leasing portfolio.

“We believe that Wachovia provides the expertise in leasing equipment as well as the experience working with public agencies that allows us to offer our customers a leasing solution from a highly-regarded financial institution,” said Walter K. Weisel, Chairman and CEO of Innova Holdings.

Innova Holdings has formed a strategic alliance with Mesa Robotics, Inc. (Madison, Ala. – www.mesa-robotics.com), giving Innova Holdings exclusive worldwide rights for sales and marketing of Mesa’s full-line of unmanned ground vehicles (UGV). Innova Robotics enhances the UGV’s with robotic devices, sensors, vision, and other systems to increase functionality. Innova Robotics leverages the patented products, technology, and robotics expertise of the other Innova Holdings subsidiaries, which include Robotic Workspace Technologies (RWT™) that recently launched the URC3™ high-performance open architecture PC controller for robots and other automated devices, and CoroWare that supports the application of unmanned mobile robotics, offers web-based services and other software business solutions. Innova Holdings also has strategic development relationships with Embry Riddle Aeronautical University (ERAU) and the University of South Florida (USF).

The RWT subsidiary develops and provides a standardized control platform, the Universal Robot Controller™ (URC™) that can be used with virtually any industrial robot. The URC3 represents not only an open control system that can be applied to any kinematical mechanism, but also a processing system capable of handling in excess of 1,000 instructions per second on a platform that integrates analog and digital communications from a virtually limitless array of signal generators. Working with the CoroWare subsidiary, the company is transferring this expertise to the unmanned mobile robotic vehicle arena where a single command and control system that can interface with equipment, field personnel, and command centers will drastically improve the functionality of unmanned vehicles.

About Innova Holdings Inc.
Fort Myers, Fla.-based Innova Holdings Inc. (BB: IVHG), through its subsidiaries, provides hardware and software systems-based solutions to the military, service, personal and industrial robots markets. The robotics and automation technology company is chartered to continue expanding its growing suite of technologies through acquisitions and growth. Its founder, Chairman and CEO Walter K. Weisel, is recognized as a pioneer and leader in the robotics industry. The Company’s wholly owned subsidiaries are Robotic Workspace Technologies Inc. (RWT), Innova Robotics Inc., and CoroWare. To learn more, visit us online at www.InnovaHoldings.com.

About Wachovia Bank
Wachovia Corporation (NYSE:WB) is the fourth-largest bank holding company in the U.S., based on assets under management of $ $521 Billion as of 12/31/05. Wachovia is one of the nation’s largest diversified financial services companies, providing 13.4 million household and business relationships with a broad range of banking, asset management, wealth management and corporate and investment banking products and services. Wachovia has retail and commercial banking operations in 16 states with 3,109 offices from Connecticut to Florida and west to Texas and California. Globally, Wachovia serves clients through more than 40 international offices. Wachovia had assets of $553.6 billion, market capitalization of $86.0 billion and stockholders’ equity of $48.9 billion at June 30, 2006.

Investor Relations
Investors can visit Innova Holdings' Investor Relations Hub at www.agoracom.com/IR/Innova to post questions and receive answers, or simply review questions and answers by other investors. They may also request to be added to the investor e-mail list.

Forward-looking statements such as "believe," "expect," "may," "plan," "intend," etc., contained herein are within the meaning of the Private Securities Litigation Reform Act of 1995. 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. Actual results could differ materially. 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.

Information
Sandra L. Brooks
INCOMM International Inc.
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Email: slbrooks[at]incomminternational.com
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Jesse Blum
Friedland Corporate Investor Services LLC
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Email: jesse[at]friedlandcapital.com
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