Exhibit 99.1


                     Innovative Software Technologies, Inc.
                   Announces Rescission of Recent Acquisition

    TAMPA, Fla.--(BUSINESS WIRE)--July 18, 2005--Innovative Software
Technologies, Inc. ("IST") (OTCBB:INIV) and its IST Integrated
Solutions, Inc. subsidiary ("IST Integrated"), executed a mutual
rescission agreement and release with Lietz Development, Inc., and
Sapphire of Tampa Bay, Inc., (collectively "Data Tech"), and
Christopher Lietz, and Todd Lietz (collectively the "Selling
Stockholders"), the effect of which was to rescind the earlier
acquisition agreement between the parties (the "Asset Purchase
Agreement") executed May 9, 2005. Subsequent to the closing of the
Asset Purchase Agreement, the Company discovered certain facts that
constituted undisclosed liabilities and/or breaches of representation
or warranty by Data Tech and the Selling Stockholders under the Asset
Purchase Agreement.
    No portion of the Purchase Price or Performance Consideration (as
defined in Section 1.4 of the Asset Purchase Agreement) had been paid
by the Company in connection with the Asset Purchase Transaction.
There were no penalties to either party with respect to the
rescission.
    Currently Innovative Software Technologies, Inc. has no business
operations. Our strategy is to engage in a business combination with a
company that has operations. Such a transaction could include an
acquisition of an operating business or a merger with another entity.
However, there can be no assurances that the company will be able to
succeed in identifying a candidate for such a transaction or, if such
a candidate is identified, that such a transaction can be successfully
negotiated.


    CONTACT: Innovative Software Technologies, Inc., Tampa
             Christopher J. Floyd,, 813-387-3310, Fax 813-387-3311
             investors@istsoftware.com