Smallcapnewsrelease: (OTCBB: OVIT) Oncovista Innovative Therapies, Inc. – Coverage Initiated By Status Equity Research – Long Term Price Target $16.00.

(Smallcapnewsrelease, August 21, 2008) – Jericho, N.Y. – Oncovista Innovative Therapies, Inc. (OTCBB:OVIT) is a biopharmaceutical company engaged in the development and commercialization of targeted cancer therapies and diagnostics.

According to the Status Equity Research report published August 12, 2008, the world market for in vitro diagnostic (IVD) tests for cancer is growing at 11% annually and could reach $8 billion by the end of 2012.

Status concludes that a successful market launch and penetration of OVIT’s AdnaTest, can yield $80 million in first year, post launch sales in the U.S. in 2010. In addition to AdnaTest, OVIT’s novel drug, OVI-237 for the treatment of Metastatic Solid Tumors is scheduled for FDA Phase III registration by the third quarter of 2010.

The research report can be accessed at http://statusequity.com/uploads/ONCOVISTA_INC_-_FULL_REPORT_-_080808.pdf

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For more information on Oncovista Innovative Therapies, Inc. visit www.oncovista.com.

For more information on Status Equity visit www.statusequity.com.


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