Innovex From The Nasdaq Global Market to The Nasdaq Capital Market

Innovex announced that on March 25,
2008, the Company received approval from The Nasdaq Stock Market, Inc.
for the transfer of the listing of its common stock from The Nasdaq
Global Market to The Nasdaq Capital Market. The Company’s common stock
will be transferred to The Nasdaq Capital Market as of the open of
business on March 27, 2008. Listing on The Nasdaq Capital Market does
not affect the Company’s ticker symbol, which will remain "INVX."

As previously reported, the Company received a Staff Deficiency
Letter from The Nasdaq Stock Market on February 11, 2008 which stated
that the Company’s stockholders’ equity at December 29, 2007 was less
than the $10 million minimum in stockholders’ equity required for
continued listing on The Nasdaq Global Market under Marketplace Rule
4450(a)(3). The notice stated that the Company could, among other
things, apply to transfer its common stock to The Nasdaq Capital
Market if the Company satisfied the requirements for inclusion on The
Nasdaq Capital Market. On March 13, 2008, the Board of Directors
authorized management to transfer listing of the Company’s common
stock to the Nasdaq Capital Market

Innovex, Inc.