Image Innovations Signs Letter of Intent to Acquire Gold Solutions, Inc. to Further High-Growth Business Strategy; Acquisition to Expand Image's Business Portfolio and Develop Potential New Revenue Sources.

NEW YORK -- Image Innovations Holdings Inc. (OTCBB:IMGV), specializing in high-value auctions on land and at sea featuring the world's biggest sports stars, has signed a Letter of Intent to acquire Gold Solutions, Inc., a financial services start-up that plans to offer a range of novel monetary services to owners of gold, valuable collectible coins and other precious metals. Under the terms of the proposed transaction, Image will acquire all of the outstanding capital stock of Gold Solutions in exchange for the issuance to the shareholders of Gold Solutions of an aggregate of approximately 1,500,000 shares of Image common stock, subject to certain milestones and adjustments.

The acquisition is expected over time to generate additional revenues for Image and provide it with additional visibility in the field of global sales innovations. "We expect this transaction to reinforce our goals for sustained and solid growth and pave the way for Image to further advance our business strategy of capitalizing on our core assets to obtain additional revenue-generating outlets, services and products," said Michael Preston, CEO of Image. "We believe this is a valuable business opportunity that presents Image and its investors with continued growth possibilities through compelling acquisitions of services, products and revenue channels."

Gold Solutions is implementing a unique collection of services and financial transactions, such as one-of-a-kind, simple and convenient liquidation and insurance options for owners of precious metals and collectible coins, with a view to extending this to other forms of gradable collectibles. Among the more novel services expected to be offered by Gold Solutions are those designed to allow investors of precious metals and coins to store these valuables in a secure third-party location, open an account with the company, and then apply a specially-designed, "Gold Standard" MasterCard(R) to obtain goods and services, or to obtain cash at an ATM -- effectively transforming these physical assets into liquid assets. Other plans include the offering of an affinity card.

Gold Solutions' MasterCard-based services and other business initiatives are expected to generate a number of new potential revenue streams for Image, including the possibility of regular transaction fees for buying and selling activities on the card, the ability to receive annual fees for secure storage of the physical assets and for insurance coverage, and additional fees for issuance of the Gold Standard MasterCard(R) itself.

"Holders of the cards would possess the only known gold MasterCard(R) that is actually backed by real gold," said Mr. Preston. "These possibilities could establish a bright new gold standard of convenience for holders of gold and other precious metals, by transforming physical assets into modern, mainstream, liquefiable assets for common use in everyday life."

Completion of the transaction is subject to execution of definitive documentation, as well as the satisfaction by both parties of customary closing conditions.

About Image Innovations Holdings

Through its subsidiary Image Sports & Entertainment, Inc. ("ISE"), Image creates, develops and markets celebrity artwork and collectibles, offering unique collectible sports and entertainment memorabilia through a targeted distribution network of major retailers, cruise ships, military installations and celebrity auction events. Products include limited edition art creations by renowned artists and featured sports legends with the personal signatures of both the artist and the sports celebrity. Image also develops exclusive arrangements with sports and entertainment celebrities such as Peyton Manning in order to market their appearances and inscribed products. Image recently participated in Trilogy Capital Partners' Online Forum, which is available free of charge at http://www.trilogy-capital.com/forums.aspx. For more information about Image, please visit http://www.trilogy-capital.com/tcp/image. To read or download the Company's Investor Fact Sheet, please visit http://www.trilogy-capital.com/tcp/image/factsheet.html. To obtain daily and historical Company stock quote data and recent news releases, please visit http://www.trilogy-capital.com/tcp/image/news.html.

Forward-Looking Statements

All statements herein that are not historical facts or that include such words as "expects," "anticipates," "projects," "estimates" or "believes" or similar words are forward-looking statements that Image deems to be covered by and to qualify for the safe harbor protection covered by the Private Securities Litigation Reform Act of 1995. Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties, some or all of which may cause Image's actual results, performance or achievements to be materially different from any results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements include: Image's continued history of operating losses; significant competition in its industry; lack of market acceptance of its products; difficulty of expansion into additional markets where Image does not have a presence or significant market penetration; dependence on current management and future ability to obtain qualified management personnel; ability to secure outside financing at acceptable rates or terms; and the other risks detailed from time to time in Image's SEC Reports, including its Annual Report on Form 10-KSB for the year ended December 31, 2004 and Quarterly Reports on Form 10-QSB filed throughout 2005.