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Innovatier exercises option agreement with CARDXX Tampa, Fla April 8, 2005 - Innovatier Inc., an innovative smart device manufacturer announced today that it has exercised its option with CARDXX, Inc., (CXCQ.PK), a leading smartcard manufacturer, to license its RAMP (Reaction Assisted Molding Process) process. “With its funding secured and license arrangement executed with CARDXX, in addition to other technologies currently under review, it is exciting times for Innovatier” said Carl Anderson, the lead investor in Innovatier. “Although still prototyping devices for customers, we expect to be fully operational from a manufacturing standpoint in the near future”. Innovatier and CARDXX are continuing development of the “GEN 2” manufacturing line and expect to have it operational by the third quarter 2005. Upon completion, operational capacity will approach 20 million financial transaction cards per annum. The line design is module and can be duplicated or expanded as customer demand dictates.
Innovatier – Endless Possibilities Limited Only by The Imagination™ This release contains forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates" and similar words. Such forward-looking statements are subject to known and unknown risks, uncertainties or other factors that may cause Innovatier, Inc's actual results to be materially different from historical results or any results expressed or implied by such forward-looking statements. Innovatier, Inc. assumes no obligation to update any forward-looking statements to reflect events or circumstances arising after the date hereof. The potential risks and uncertainties which could cause actual growth and results to differ materially include but are not limited to, customer acceptance of the company's services, products and fee structures, the success of the company's brand development efforts, the volatile and competitive nature of the industries in which it operates, and changes in domestic and international market conditions, and foreign exchange rates. For more information: ### |
