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Bruce Lucas To Join The Board Of Directors Of Innovaro, Inc.

Innovaro, Inc. (NYSE MKT: INV), The Innovation Solutions Company, today announced that Mr. Bruce Lucas is joining its Board of Directors. Innovaro’s Board approved the appointment on June 14, 2012.

Mr. Lucas is an attorney and businessman in Palm Harbor, Florida. Previously, Mr. Lucas was an attorney at Honigman Miller Schwartz & Cohn LLP, a leading business law firm based in Michigan, and Weil, Gotshal & Manges LLP, a large international law firm based in New York. As an attorney, Mr. Lucas represented numerous Fortune 50 companies, including General Motors, General Electric, GE Aviation and JP Morgan Chase. Mr. Lucas is known for his expertise in turnaround management, restructuring corporate operations, and M&A initiatives.

In 2008, Mr. Lucas co-founded Infinity Investment Funds, where he served as CEO. During his tenure, Infinity partnered with a $20 billion global hedge fund and focused on undervalued investment opportunities. Mr. Lucas rapidly grew Infinity, where he played a key role in over $200 million of investment transactions. In 2010, Mr. Lucas focused his attention on undervalued opportunities in Florida. He invested in, and serves as a director of, First Home Bank in Pinellas County, Florida and has invested in or created several other companies in Florida. He routinely invests in undervalued companies and is actively involved in growth opportunities and maximizing corporate value. He has a J.D. from Indiana University-Bloomington, where he graduated cum laude and received other accolades and awards.

“I’m honored to join Innovaro’s Board and excited to work with the company’s impressive management team and its new LaunchPad software,” said Mr. Lucas. “Innovaro is widely regarded as a go-to company for innovative business solutions. The new LaunchPad software is a cutting-edge extension of Innovaro’s highly regarded services and I’m pleased to have been selected to help the company build a bright future.”

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