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Innovative Properties Inc. Named In Legal Action

3 March 2005

Innovative Properties Inc. (TSX Venture INR) has been named, with other defendants, in a legal action involving the Banook Shores Condominium development located in Dartmouth Nova Scotia. Based on professional legal advice, Innovative Properties Inc. believes it should not be a party in this litigation and it has no liability in this action.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For further information: Tony Hall,
tony.hall@innovativeproperties.com, Phone contact: (902) 463-2639



Source: CNW Group


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