Inova Receives $1.05 Million PO From Dallas & Fort Worth Independent School Districts
LAS VEGAS, June 11, 2013 (GLOBE NEWSWIRE) -- Inova Technology (OTCBB:INVA), through its wholly owned subsidiary, Desert Communications, has announced that it has commenced working on network solutions projects for Dallas and Fort Worth Independent School Districts and received purchase orders totaling $1.05 million (this also includes a PO for $121,000 from Eagle Advantage Schools).
Inova CEO, Adam Radly, said "We have completed several projects for Dallas and Fort Worth Independent School Districts so they are a repeat customer. As always, this provides validation for the quality of our work and maintains our excellent track record."
Mr. Radly also said that "We are working through our backlog of network solutions contracts as quickly as possible. We have also started providing much more frequent updates regarding the commencement and completion of projects as we proceed."Mr. Radly said "We also expect to be able to provide an update regarding our new backlog in the near future." The majority of the projects in the current backlog are network solutions projects for government customers in the Texas area. The backlog includes more than 15 customers and consists of a combination of both new and previous customers. The larger projects are network solutions projects for Ft Worth and Dallas School Districts. These projects do not represent all of Inova's revenue for any given period. They only reflect a portion of the revenue generated by Desert Communications and exclude revenue from its other subsidiary, Trakkers. About Inova Technology Inova Technology, Inc. (INVA) is an enterprise level Information Technology solutions provider specializing in providing proprietary RFID solutions, wireless networking, storage and security technology solutions and IT professional services. For more information please visit the company website at: http://www.inovatechnology.com . Contact: Adam Radly, firstname.lastname@example.org. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
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