September 19, 2014 4:18 PM ET

Chemicals

Company Overview of Innovative Holdings and Technologies, Inc.

Company Overview

Innovative Holdings and Technologies, Inc. develops, manufactures, and markets a Poly Ether Amide Resin, known as PEAR, under license from a third party. PEAR is a family of composite resins that combine strength with low weight, and chemical and temperature resistance. PEAR has potential applications in a variety of industries, including aerospace, automotive, oil and gas, electronic and electrical, transportation, and marine. It was formerly known as Celesta Corporation and changed its name to Innovative Holdings and Technologies, Inc. in November 1997. The company was founded in 1987 and is based in Orlando, Florida.

300 South Orange Avenue

Suite 1500

Orlando, FL 32801

United States

Founded in 1987

1 Employees

Phone:

407-244-3756

Key Executives for Innovative Holdings and Technologies, Inc.

Chief Executive Officer
Age: 56
Compensation as of Fiscal Year 2014.

Innovative Holdings and Technologies, Inc. Key Developments

SEC Revokes Registration Of Securities Of Innovative Holdings & Technologies

The registrations of the registered securities of Innovative Holdings & Technologies, Inc. have been revoked. The company had repeatedly failed to file required annual and quarterly reports with the Securities and Exchange Commission (SEC). Thus, the company violated a crucial provision of the federal securities laws that requires public corporations to publicly disclose current, accurate financial information so that investors may make informed decisions. The revocation was ordered in an administrative proceeding before an administrative law judge.

SEC Orders Hearing On Registration Suspension Or Revocation Against Innovative Holdings & Technologies

On January 14, 2013 the Securities and Exchange Commission (SEC) instituted public administrative proceedings to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Innovative Holdings & Technologies, Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the Company is delinquent in required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the Administrative Law Judge will hear evidence from the Division and the Company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The Administrative Law Judge in the proceeding will then determine whether the registration pursuant to Exchange Act Section 12 of each class of the securities of the Company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceedings.

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