Exhibit 99.1


INNOVATIVE SOFTWARE TECHNOLOGIES ANNOUNCES SETTLEMENT
WITH FORMER OFFICERS AND DIRECTORS

Riverside, Missouri, July 19, 2004. Innovative Software Technologies, Inc. today
announced the execution of a settlement agreement with Ethan A. Willis and James
R. Garn, two former officers and directors of Innovative, and the former owners
of its Energy Professional Marketing Group (EPMG) subsidiary.

Under the terms of the settlement, Garn and Willis have surrendered to the
Company all of their shares of capital stock of the Company in exchange for
certain assets of EPMG. These assets include EPMG's rights under certain credit
card processing contracts (including receivables relating to reserves under
those contracts in the amount of approximately $1,000,000), substantially all of
the tangible fixed assets of EPMG's Utah facility, and certain intangible assets
of EPMG, such as specified website domain names, software, and customer lead
data. The Settlement Agreement also sets forth certain agreements and covenants
relating to the relationship between the parties on a going-forward basis and
the parties' respective future businesses activities. Further details regarding
the settlement transaction can be found in Innovative's Form 8-K filed today
with the SEC, which can be found on the SEC's website at www.sec.gov.

About Innovative Software Technologies
Based in Riverside, Missouri, Innovative Software Technologies, Inc. (OTCBB:INIV
- - News) specializes in the distribution of business-to-business and
business-to-consumer informational software solutions and consulting services,
including: Web Enterprise Management System (), Triad Learning Services
(www.triadlearningsystems.com), OneCrypt (www.onecrypt.com), Skills in Demand
(), eTaxNet (www.etaxnet.com) and the Financial Toolkit 1.0 (www.toolkit1.com).
The corporate website is located at www.istsoftware. This release may contain
statements that are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. There are a number of factors that
could cause actual results to differ materially from those discussed in the
forward-looking statements, including but are not limited to fluctuations in
financial results, availability and customer acceptance of our products and
services, the impact of competitive products, services and pricing, general
market trends and conditions, the litigation threatened by senior management of
the Company's operating subsidiary and other risks detailed in the Company's SEC
reports. Actual results may vary materially from projected results.

Contact:

     Innovative Software Technologies, Inc.
     Angela Whitworth, 816/584-8030, ext. 1212
     Fax: 816/584-8036
     ir@istsoftware.com