IOT Innovotech Inc

Innovotech Inc. (TSX VENTURE:IOT), a pioneer in the field of biofilm product
development, has secured additional funding of $154,000 for Agress(R), its
unique, environmentally friendly seed treatment and plant spray designed to
protect crops against both bacterial and fungal infections.


The two year, non-repayable funding from Agriculture and Agri-Food Canada's
Growing Canadian Agri-Innovations Program, under the Canadian Agri-Science
Clusters Initiative, will be governed by the Pulse Crops (Canada) Association
and will focus on the improvement of dry bean yield, disease resistance and seed
quality.


"Canada has emerged as a world leader in the production and export of pulse
crops, including peas, chickpeas, lentils and beans. Canada now accounts for
approximately 35% of global pulse trade each year and is one of the top five
exporters of dry beans," said Ken Boutilier, President and CEO of Innovotech.
"Projects such as Innovotech's have the potential to contribute significantly to
the promotion of Canada's global status in the pulse export market."


Syngenta Crop Protection Canada will work with Innovotech on the commercial
development of Agress(R). 


About Innovotech Inc.:

Innovotech Inc. is a pioneer in the field of biofilm product development,
focused on providing innovative and practical solutions to medical, agricultural
and industrial problems caused by microbial biofilms. Biofilms are responsible
for a host of diseases both in human health and agriculture due to their
inherent resistance to existing antibiotics and disinfectants. There are
currently no antibiotics, disinfectants, diagnostics or regulatory standards
designed specifically for biofilm-forming organisms. 


Innovotech currently has one commercial product, bioFILM PA(TM), and one
product, Agress(R), in advanced stages of development. bioFILM PA(TM) is the
first diagnostic kit to assist physicians in the selection of the most effective
combination antibiotic treatment of patients with biofilm-based chronic lung
infections and Agress(R) is a unique, environmentally friendly seed treatment
and plant spray designed to protect crops against both bacterial and fungal
infections.


This document may contain forward-looking statements that are predictive in
nature and subject to risks and uncertainties that cannot be predicted or
quantified; consequently, actual results may differ materially from past results
and those expressed or implied by any forward-looking statements. Factors that
could cause or contribute to such risks or uncertainties include, but are not
limited to: the regulatory environment including the difficulty of predicting
regulatory outcomes; changes in the value of the Canadian dollar; the Company's
reliance on a small number of customers including government organizations;
fluctuations in operating results; government policies or actions; progress and
cost of clinical trials; reliance on key strategic relationships; uncertainty
related to intellectual property protection and potential costs associated with
its defense; the Company's exposure to lawsuits and other matters beyond the
control of management. Should known or unknown risks or uncertainties
materialize, or should management's assumptions prove inaccurate, actual results
could vary materially from those anticipated. The Company undertakes no
obligation to publicly make or update any forward-looking statements, except as
required by applicable law.

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