Tampa, FL (PRWEB) October 20, 2011
Innovative Software Technologies, Inc. (INIV.PK) today announced that it has formed a new division named IST Global Green Energy Solutions. Its mission is to capture revenue and market share by leveraging the global awareness of Green initiatives, as well as capitalize on the estimated $1 trillion global energy infrastructure upgrades occurring worldwide.
“This is an exciting time for our company as we are committed and poised to take advantage of this global energy opportunity, specifically in the healthcare sector. In that regard, we have entered into a strategic relationship with POWER QUALITY INTERNATIONAL, INC. (PQI – http://www.POWERQUALITY.NET) “, states Amjad Tareen, Innovative’s President.
Based in the Tampa Bay area, The PQI Solution® from PQI has been implemented by global brands such as FedEx, Hewlett Packard, Bank of America, eBay, plus hundreds of school districts, numerous healthcare organizations as well as the U.S. Government, to achieve power system optimization of their electrical infrastructure. The benefits include improved efficiency of the entire electrical distribution system and a reduction of annual kilowatt-hours (kWh) consumed, which translates in to significant operational savings. Hospitals, data centers, manufacturing and industry are a PQI specialty.
Greg Ferguson, Founder and President of PQI, has over five decades of power system electrical engineering experience. He and his team were the first to develop and/or commercialize a number of ‘leading edge’ technologies and products for the power sector. All of these developments are currently providing cost effective system solutions to various electrical power system problems resulting in power system optimization for clients.
No securities regulatory authority has either approved or disapproved the contents of this news release.
Safe-Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's Forms 10-K and 10-Q filed with the SEC.
Amjad Tareen, President
Innovative Software Technologies