HUNTINGTON BEACH, CA- via eTeligis (Feb 21, 2014) - Innovative Product Opportunities, Inc., a product development firm ( OTCBB: IPRU ) (OTCQB: IPRU ), is in talks to acquire an established automated target tracking company specializing in the stage, lighting, event and exhibition industries.
Innovative is reviewing the company with intentions to sign a LOI for their systems which can be used for tracking targets or performers utilizing robotic lighting and video projectors.
CEO Doug Clark remarked, "This opportunity is a huge leap forward for us into the exciting field of stage, TV and exhibitions. The opportunities for these products are huge and could very well revolutionize the entertainment production industry."
About Innovative Product Opportunities, Inc.
Innovative Product Opportunities, Inc. http://www.ipoinc.net is a product development firm organized to meet the needs of new and emerging product ideas. The company plans to identify, design, produce & assist bring to market new and innovative products for select clients. For more information visit our website at www.ipoinc.net .
This press release contains forward-looking statements that involve a number of risks and uncertainties. Any statement not regarding a historical fact is a forward-looking statement. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, the company's ability to finance its planned expansion efforts; the company's ability to raise funds on acceptable terms; the company's ability to successfully adapt its business model and such other risks disclosed from time to time in the company's reports filed with the securities and exchange commission including those on the company's annual report on form 10-K. The company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in management's expectations, except as required by law.
CONTACT:
Innovat ive Product Opportunities, Inc.
Investor Relations
347-789-7131 (New York)
SOURCE: Innovative Product Opportunities, Inc.
