FAIRFAX, Va., May 9, 2012 /PRNewswire/ -- Innolog Holdings Corp. (OTCBB: INHC) today announced that its wholly owned subsidiary, Innovative Logistics Techniques, Inc. (INNOLOG) has increased its backlog in contracts' revenue compared to the same time last year.  Furthermore, Innolog Holdings expects to issue first quarter fiscal year 2012 operating and financial results on or about May 21st. 

As of May 1st, Innolog now projects overall company backlog of $34,767,144, primarily focused within our Department of Defense government contracts. Additionally, Innolog's funded backlog, based on new contracts within our Navy Division as well as existing Air Force and Army Division contracts, is $12,761,487.

Richard Stewart, INNOLOG's President, stated, "We are pleased to show improvements and growth in key business segments within the Company.  As we expand our products and services to city, state and governmental agencies, we anticipate growth to continue through existing and new clients. Additionally, we are monitoring our expenses, and with the backlog numbers, we are better prepared to implement budgets which we expect will allow us to improve top and bottom line results through prudent management decisions."

The Company expects to issue first quarter fiscal year financial and operating results on or about May 21, 2012. Management expects revenues will exceed Company projections by more than 5%.

About Us

Innolog Holdings Corporation was formed in March 2009 as a holding company for the purpose of acquiring businesses that provide services primarily to federal government entities.  Our primary subsidiary, Innovative Logistics Techniques, Inc. (www.innolog.com), was founded in 1989 to help the Department of Defense address complex logistics business problems. The company is a federal government contractor that brings world-class solutions and leading edge process oriented thinking to the U.S. military, civilian agencies and state and local governments to provide solutions to complex logistics problems.



Additional information is available at www.innologholdings.com.

Statements in this press release that are not statements of historical or current fact, such as the expectation of future revenue growth and profitability, constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause Innolog's actual results to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Factors that could cause Innolog's results to be materially different from the forward-looking statements include whether Innolog will be able to find financing when and as it needs it and whether Innolog's revenues will eventually exceed its expenses. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in Innolog's reports filed with the Securities and Exchange Commission, which are available for review at http://www.sec.gov/.

Contact:

Investor Relations

Andrew Barwicki

516-662-9461 / andrew@barwicki.com

SOURCE Innolog Holdings Corp.

Copyright 2012 PR Newswire

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