Innolog (OTCBB: INHC) Receives Contract Award to ITC in Support of Air Force Materials Command

Orlando, FL 2/14/12 (StreetBeat) – Innolog Holdings Corp. (OTCBB: INHC) today announced that its wholly owned subsidiary, Innovative Logistics Techniques, Inc. (INNOLOG) received a sub contract award to ITC to provide support to The U.S. Air Force Aeronautical Systems Center (the largest center of the Air Force Materiel Command), headquartered in Dayton, Ohio.

The contract award is to be part of the ITC team supporting the Air Force's $950m ACCESS program contract. ITC and its team will provide services ranging from management and professional support services to engineering and technical services.

Richard Stewart, INNOLOG's President, stated, "We are pleased to be part of the ITC team and look forward to supporting them on this critical mission and supporting the Air Force Materiels Command Center in Dayton. We will continue to look for ways to expand our presence beyond this contract to the Air Force and look forward to a partnership with ITC on this project and others in the future."

William P. Danielczyk, Executive Chairman of Innolog Holdings commented, "We are proud of Rich and his team in building a partnership with ITC, a very fine company, which we hope will expand beyond this first contract. Over the past two years, we have put in place a long-term growth plan for INNOLOG, which we believe will realize and maximize value to our shareholders. This is the second consecutive contract award during the past six months with new partners."

INNOLOG projects annual revenues of $1.5m to $3.0m to be generated from the ACCESS contract.

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