INA Inova

RNS Number:7406F
Inova Holding PLC
15 October 2007


15 October 2007

Inova Holding plc ('Inova' or 'the Company')

UPDATE RE POTENTIAL OFFER

Following its statement on 26 September 2007, Inova Holding plc ('Inova' or 'the
Company') announces that discussions with a potential bidder for Inova have
ceased.

As previously indicated, in the absence of an offer the Company requires
additional funds in the near future to satisfy its current working capital
requirements.

The Board is seeking to address this issue by undertaking a significant
re-structuring of the business and selling one or more subsidiaries of the
Company, and is in discussions with potential investors for the provision of
capital to satisfy its short-term liquidity needs.

In the meantime, Inova continues to work with its auditors to finalise the
financial statements for the year ended 31 December 2006 but is not yet in a
position to release them or the Company's results for the six months ended 30
June 2007.

Consequently, the temporary suspension of trading on AIM in Inova shares will
continue and a further announcement will be made as soon as possible.

ENDS

Contacts

Inova Holdings plc
Rod Hoare, Chairman                                       Tel: +44 (771) 4223452         

Bankside Consultants                                   Tel: +44 (0) 20 7367 8888  
Simon Bloomfield or Steve Liebmann

Daniel Stewart and Company plc                         Tel: +44 (0) 20 7776 6550     
Alastair Cade




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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