NOHO
Novation Holdings Inc.

Novation Holdings Inc. (OTC: NOHO) is a multi-strategy holding company focused on identifying, developing, acquiring, and bringing to market technologies and solutions to the marketplace announces its 2023 goal is to transition its portfolio into a more focused opportunity in the leisure and multi-family affordable housing market. Novation expects to exploit market timing and current technologies more efficiently to drive profit to the Company.

Early this year in 2022, NOHO launched its technology platform through its subsidiary, CraftClouds, LLC.  “We are beginning to see growth from the platform nearly eight months after its development. We have always wanted people to enjoy life, music, and a quality home. These are the keys to success, and we estimate about 12% of America’s income is spent in this market segment,” said CEO Michael Gelmon.  

            Starting in late August ‘22, Novation began identifying projects in Arizona. Novation recognized that turnkey and close to a zero-carbon footprint rental properties that are tailored for moderate-income families is an underserved and high demand real estate niche. Management’s current belief is that the rising mortgage rate environment will provide several years of real estate opportunities for Novation with potential increased Cap Rates. The use of technology and effective project planning will be the key to driving increases in operating income in this market, all of which are incorporated in Novation’s business model.

About the Company

Novation Holdings, Inc. is a multi-strategy holding company focused on identifying, developing, acquiring, and bringing to market technologies and solutions across all market sectors. Currently, the Company is searching/researching for new investment opportunities, with a principal business objective of either investing into and starting up new business opportunities or acquiring all or part of an existing business that will strengthen the Company's balance sheet and increase shareholder value. The Company is not limited to any industry or geographic region to make an investment or an acquisition.

For more information, visit the Company's website at www.NovationHoldings.com.

Safe Harbor Statement

This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

CONTACT:

Novation Holdings, Inc.

info@novationholdings.com

Phone: +1 403-988-2005

Twitter: @NovationNOHO