In Ovations Holdings, Inc. (OTC Pink: INOH) (PINKSHEETS: INOH) has concluded negotiations for licensing sophisticated sputum cytology technology for early and pre stage detection of lung cancer from Mel Ehrlich, Ph.D., who is also an officer and director of INOH. Dr. Ehrlich has invented, patented, perfected and marketed multiple biomedical and energy efficiency technologies.
Pursuant to the license, INOH obtained exclusive rights to market the sputum cytology and related technologies world-wide from Dr. Ehrlich.
Lung cancer detection is presently slow, labor-intensive, expensive and ineffective until the cancer has developed which is often too late. Dr. Ehrlich's scanning "microspectrophotometer" can detect cancer before it develops through analysis of the shape of pre-cancerous lung cells. It uses ultraviolet absorption of unstained cells which is cost effective, can be done in real time, and can have a higher confidence level of accuracy. This UV light beam produces a "raster" -- an area which is scanned from side to side in lines from top to bottom from two oscillating mirrors. Dr. Ehrlich and his team are presently increasing the accuracy and speed of the cytology scanner for commercial use.
A comprehensive evaluation of Dr. Ehrlich's sputum cytology technology is available on the Company's website: http://inovationsholdings.com/cytometry/
In Ovations Holdings, Inc. is pursuing several potential business opportunities. Its subsidiary, Electro Verde, Inc., markets, in conjunction with Coordinated Systems International, the patented GradiLuxtm Total Lighting System Solution which can reduce electricity consumption and carbon emissions in municipal lighting systems worldwide. The Company is also engaged in a Caribbean-based marine-related eco-tourism business and ocean search and recovery operations using state-of-the-art technology. Finally, it is a minority owner of Atmospheric Water Solutions, a company involved in water purification.
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Under the Private Securities Litigation Reform Act of 1995: This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
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SOURCE: In Ovations Holdings, Inc.