CarbonMeta Technologies Inc (COWI)

[SPIN]

maybe they just cut and pasted into an old extension form?

and btw "prophet," Innova Robotics, Inc., is a sub of the parent Innova Robotics and Automation, Inc., which was formerly known as Innova Holdings, Inc.

SOURCE: Innova Holdings, Inc.
Nov 20, 2006 07:00 ET
Innova Holdings Effects 1-for-10 Reverse Stock Split

Reverse Split Effective When Trading Opens on November 20th; Company Receives New Stock Symbol: "INRA".OB; Company Changes Name to "Innova Robotics and Automation, Inc." Reflecting Its Established Position in the Robotics and Automated Technology Field

FORT MYERS, FL -- (MARKET WIRE) -- November 20, 2006 -- Innova Holdings, Inc. (OTCBB: IVHG) announced today that its recently approved 1-for-10 reverse stock split will be effective when stock trading opens on Monday, November 20, 2006.

Innova also unveiled today a new corporate brand that highlights its competitive strengths in the robotics and automated technology marketplace. Going forward, the Company will be known as Innova Robotics and Automation, Inc. In addition, the Company received a new stock trading symbol from the NASD, in-line with the corporate name change and reverse stock split. Beginning on Monday, November 20, 2006, Innova's stock will trade under the ticker symbol "INRA".OB.

Reverse Stock Split:

Innova recently announced that its Board of Directors authorized a 1-for-10 reverse stock split of the Company's outstanding common stock. The authorization followed Innova's Special Stockholders Meeting on November 3, 2006, where stockholders approved a reverse stock split by approximately 97% of the vote.

The stock will begin trading on a split-adjusted basis on the Over-The-Counter Bulletin Board (OTCBB) when trading opens on Monday, November 20, 2006, under the new stock symbol "INRA".OB. Post the 1-for-10 reverse split, the Company will have a total of approximately 78,694,064 common shares issued and outstanding. In addition, the number of shares subject to outstanding stock options, warrants and other convertible securities will be proportionately adjusted, in-line with the 1-for-10 split ratio. The per share exercise price of those outstanding stock options, warrants and other convertible securities will be increased in direct proportion to the reverse stock split ratio, so that the aggregate dollar amount payable for the purchase of those shares remains unchanged.

"The reverse stock split is an important step forward for Innova, as we believe it could create a more effective market for our shares and provide an enhanced platform for long-term growth," commented Walter Weisel, Chairman and CEO of Innova. "We believe that we have the fundamentals to support this improved capital structure."

Corporate Name Change:

Innova also announced today that it has changed its corporate name to Innova Robotics and Automation, Inc., effective on November 20, 2006. The name change more closely aligns Innova's identity with its core expertise in the robotics marketplace and underscores the Company's overall dedication to technology and innovation. Innova is a leader in the robotics and automated technology fields, providing robotic hardware and software systems-based solutions for the manufacturing, homeland security, first responder, and aerospace industries.

"Innova's new name reflects our focus on advancing robotics technology and clearly defines our corporate identity for customers, partners, and investors," said Mr. Weisel. "Operating as Innova Robotics and Automation, we look forward to further developing solutions that we believe will add value for our customers and enhance Innova's long-term growth."

In addition, no corporate or subsidiary leadership changes will occur in conjunction with this announcement.

About Innova Robotics and Automation Inc.

Fort Myers, Fla.-based Innova Robotics and Automation Inc., through its subsidiaries, provides robotic hardware and software systems-based solutions to the manufacturing, homeland security, first responder, and aerospace industries. The robotics and automation technology company is chartered to continue expanding its growing suite of technologies through acquisitions and internal 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 Technologies Inc. To learn more, visit us online at www.innovaroboticsautomation.com.

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

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.
Contacts:

Press:

Jennifer Gery
Brainerd Communicators, Inc.
212-986-6667
[e-mail]

Investors:

Todd St.Onge
Brainerd Communicators, Inc.
212-986-6667
[e-mail]

or

Sandra L. Brooks
INCOMM International Inc.
7825 Baymeadows Way, Suite 101-A
Jacksonville, FL 32256
Tel: [phone]
Email: [e-mail]
URL: www.incomminternational.com

http://www.marketwire.com/mw/release.do?id=705337