``I believe it is in the best interest of the future of the Company that we do what we can to expand and at times that forces us to actually contract. In addition, the adverse effect of being placed on the Berlin exchange without our consent has caused results which need to be responded to,'' said Robert Blagman, CEO of Innovation Holdings. ``We continue to work on strategic agreements that we feel will have a material impact on the Company and strongly believe that the 1,000 for 1 reverse stock split will be more advantageous to increasing shareholder value.''
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