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INNOVATIVE HOLDINGS' BOARD APPROVES STOCK BUY-BACK PLAN - PEAR RESIN SOURCE.

Innovative Holdings & Technologies, Inc. (OTC Bulletin Board: IHTL) in Orlando, Florida has announced that its Board of Directors has unanimously approved a plan to include a stock buy-back plan as part of its future funding initiatives.

The plan approved by the Board provides that the company will allocate future funding proceeds to acquire up to 40 percent of IHTL common shares that are issued and outstanding.

USTech Materials Corporation (USTM), a subsidiary of IHTL, is currently in the process of manufacturing and marketing its flagship product, PolyEth

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