Lutz, FL, May 14, 2012 (GLOBE NEWSWIRE) -- Innovative Software Technologies, Inc. (INIV.PK) announces that its green energy division, Znergy, Inc. (www.Znergy.co) has become the Foundation Sponsor for Practice Greenhealth's Energy Program. Practice Greenhealth (www.PracticeGreenhealth.org) is the nation's leading organization for health care institutions committed to implementing sustainable, eco-friendly practices.
"As a company that is dedicated to the effort of sustainability in the energy space, Znergy and its portfolio companies have long advocated for energy conservation and use of alternative sources of clean energy. Practice Greenhealth is at the forefront of this work and we are excited to have the opportunity to work with them and to create a long term relationship," said Peter Peterson, President and Chief Executive Officer for Znergy, Inc.
Robert Jarboe, Executive Vice President Business Development for Practice Greenhealth states, "We are motivated to work with Znergy, Inc. in the further building of our Energy Program, which will create a new and timely offering for our membership. Practice Greenhealth's business members and health care facilities have built tremendous momentum by moving the health care sector toward operational practices that protect patients, health care staff, and the environment, and we look forward to working with Znergy to continue that momentum through the Energy Program."
Znergy is also working with Practice Greenhealth in the formation of an Energy Alliance which is slated for roll-out August 1, 2012. "The Energy Alliance will be an extraordinarily important addition to Practice Greenhealth's Energy Program," states Laura Wenger, Executive Director of Practice Greenhealth. "Znergy's foresightedness in supporting this Alliance is noteworthy and will help to create system change in the move to more sustainable sources of energy in the health care sector. We are pleased to be working with Znergy on this exciting mission."
About Innovative Software Technologies
Innovative Software Technologies (INIV.PK) is a holding company with a strategic focus on health care informatics and services. The Company provides integrated energy solutions focused on efficiency, conservation, infrastructure upgrades and system performance. This high growth market sector currently offers a wide range of attractive opportunities and the Company is focused on potential business acquisitions and strategic partnering in the health care and services industry.
About Practice Greenhealth
Practice Greenhealth is a membership and networking organization for institutions and supplier companies in the health care community that have made a commitment to sustainable, environmentally friendly practices. Practice Greenhealth provides technical assistance, tools and recognition to its members and, together with Health Care Without Harm (HCWH), co-organizes the CleanMed Conference each year.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Media Relations Contact:
Practice Greenhealth
Sherry MacDonald
(703) 870-7494
smacdonald@practicegreenhealth.org
Investor Relations Contact:
Innovative Software Technologies, Inc.
Tiffany Martinez
(813) 920-9435
Source: Innovative Software Technologies, Inc.