**EXHIBIT 99.2**

 

**CODE OF ETHICS AND BUSINESS CONDUCT FOR OFFICERS, DIRECTORS**

**AND EMPLOYEES OF**

**INNOVATIVE COMPANIES, INC.**

 

1. TREAT IN AN ETHICAL MANNER THOSE TO WHOM WE HAVE AN OBLIGATION 

 

We are committed to honesty, just management, fairness, providing a safe and healthyenvironment free from the fear of retribution, and respecting the dignity due everyone. 

 

For the communities in which we live and work we are committed to observe sound environmental business practices and to act as concerned and responsible neighbors, reflecting all aspects of good citizenship. 

 

For our shareholders we are committed to pursuing sound growth and earnings objectives and toexercising prudence in the use of our assets and resources. 

 

For our suppliersand partners we are committed to fair competition and the sense of responsibility required of a good customer and teammate. 

 

2. PROMOTE A POSITIVE WORK ENVIRONMENT 

 

All employees want and deserve a workplace where they feel respected, satisfied, and appreciated. We respect cultural diversity and will not tolerate harassment ordiscrimination of any kind — especially involving race, color, religion, gender, age, national origin, disability, and veteran or marital status. 

 

Providing an environment that supports honesty, integrity, respect, trust, responsibility, and citizenship permits us the opportunity to achieve excellence in ourworkplace. While everyone who works for the Company must contribute to the creation and maintenance of such an environment, our executives and management personnel assume special responsibility for fostering a work environment that is free from thefear of retribution and will bring out the best in all of us. Supervisors must be careful in words and conduct to avoid placing, or seeming to place, pressure on subordinates that could cause them to deviate from acceptable ethical behavior.

 

3. PROTECT YOURSELF, YOUR FELLOW EMPLOYEES, AND THE WORLD WE LIVE IN

 

We are committed to providing a drug-free, safe and healthy work environment,and to observing environmentally sound business practices. We will strive, at a minimum, to do no harm and where possible, to make the communities in which we work a better place to live. Each of us is responsible for compliance with environmental,health and safety laws and regulations. 

 

4. KEEP ACCURATE AND COMPLETE RECORDS

 

We must maintain accurate and complete Company records. Transactions between the Company and outside individuals andorganizations must be promptly and accurately entered in our books in accordance with generally accepted accounting practices and principles. No one should rationalize or even consider misrepresenting facts or falsifying records. It will not betolerated and will result in disciplinary action. 

 

 

5. OBEY THE LAW 

 

We will conduct our business in accordance with all applicable laws and regulations. Compliance with the law does not comprise our entire ethical responsibility. Rather,it is a minimum, absolutely essential condition for performance of our duties. In conducting business, we shall: 

 

A. STRICTLY ADHERE TO ALL ANTITRUST LAWS 

 

Officer, directors and employees must strictly adhere to all antitrust laws. Such laws exist in the United States and in many other countries where the Company mayconduct business. These laws prohibit practices in restraint of trade such as price fixing and boycotting suppliers or customers. They also bar pricing intended to run a competitor out of business; disparaging, misrepresenting, or harassing acompetitor; stealing trade secrets; bribery; and kickbacks. 

 

B. STRICTLY COMPLYWITH ALL SECURITIES LAWS 

 

In our role as a publicly owned company, we mustalways be alert to and comply with the security laws and regulations of the United States and other countries. 

 

C. DO NOT ENGAGE IN SPECULATIVE OR INSIDER TRADING 

 

Federal law and Company policy prohibits officers, directors and employees, directly or indirectly through their families or others, from purchasing or selling company stock while in the possession of material, non-public informationconcerning the Company. This same prohibition applies to trading in the stock of other publicly held companies on the basis of material, non-public information. To avoid even the appearance of impropriety, Company policy also prohibits officers,directors and employees from trading options on the open market in Company stock under any circumstances. 

 

Material, non-public information is any information that could reasonably be expected to affect the price of a stock. If an officer, director or employee is considering buying or selling a stock because of insideinformation they possess, they should assume that such information is material. It is also important for the officer, director or employee to keep in mind that if any trade they make becomes the subject of an investigation by the government, thetrade will be viewed after-the-fact with the benefit of hindsight. Consequently, officers, directors and employees should always carefully consider how their trades would look from this perspective. 

Two simple rules can help protect you in this area: (1) Don’t use non-public information for personal gain. (2)Don’t pass along such information to someone else who has no need to know. 

 

This guidance also applies to the securities of other companies for which you receive information in the course of your employment. 

 

D. BE TIMELY AND ACCURATE IN ALL PUBLIC REPORTS 

 

As a public company, Innovative Companies, Inc. must be fair and accurate in all reports filed with the United States Securities and Exchange Commission. Officers,directors and management of Innovative Companies, Inc. are responsible for ensuring that all reports are filed in a timely manner and that they fairly present the financial condition and operating results of the Company. 

 

 

Securities laws are vigorously enforced. Violations may result in severe penalties including forced sales of parts of the business and significant fines against theCompany. There may also be sanctions against individual employees including substantial fines and prison sentences. 

 

The Chief Executive Officer and Chief Financial Officer will certify to the accuracy of reports filed with the SEC in accordance with the Sarbanes-Oxley Act of 2002.Officers and Directors who knowingly or willingly make false certifications may be subject to criminal penalties or sanctions including fines and imprisonment. 

 

6. AVOID CONFLICTS OF INTEREST 

 

Our officers, directors and employees have an obligation to give their complete loyalty to the best interests of the Company. They should avoid any action that mayinvolve, or may appear to involve, a conflict of interest with the company. Officers, directors and employees should not have any financial or other business relationships with suppliers, customers or competitors that might impair, or even appear toimpair, the independence of any judgment they may need to make on behalf of the Company. 

 

HERE ARE SOME WAYS A CONFLICT OF INTEREST COULD ARISE: 

 

- Employment by a competitor, or potential competitor, regardless of the nature of the employment, while employed by us. 

 

- Acceptance of gifts, payment, or services from those seeking to do business with us. 

 

- Placement of business with a firm owned or controlled by an officer, director or employee or his/her family. 

 

- Ownership of, or substantial interest in, a company that is a competitor, client orsupplier. 

- Acting as a consultant to one of our customers, clients or suppliers. 

 

- Seeking the services or advice of an accountant or attorney who has provided services tous. 

 

Officers, directors and employees are under a continuing obligation todisclose any situation that presents the possibility of a conflict or disparity of interest between the officer, director or employee and the Company. Disclosure of any potential conflict is the key to remaining in full compliance with this policy.

 

7. COMPETE ETHICALLY AND FAIRLY FOR BUSINESS OPPORTUNITIES 

 

We must comply with the laws and regulations that pertain to the acquisition of goods andservices. We will compete fairly and ethically for all business opportunities. In circumstances where there is reason to believe that the release or receipt of non-public information is unauthorized, do not attempt to obtain and do not accept suchinformation from any source. 

 

If you are involved in Company transactions, youmust be certain that all statements, communications, and representations are accurate and truthful. 

 

8. AVOID ILLEGAL AND QUESTIONABLE GIFTS OR FAVORS 

 

The sale and marketing of our products and services should always be free from even the perception that favorable treatment was sought, received, or given in exchange for the furnishing or receipt of business courtesies. Our officers,directors and employees will neither give nor accept business courtesies that constitute, or could be reasonably perceived as constituting, unfair business inducements or that would violate law, regulation or policies of the Company, or could causeembarrassment to or reflect negatively on the Company’s reputation. 

 

9.MAINTAIN THE INTEGRITY OF CONSULTANTS, AGENTS, AND REPRESENTATIVES 

 

Businessintegrity is a key standard for the selection and retention of those who represent us. Agents, representatives and consultants must certify their willingness to comply with the Company’s policies and procedures and must never be retained tocircumvent our values and principles. Paying bribes or kickbacks, engaging in industrial espionage, obtaining the proprietary data of a third party without authority, or gaining inside information or influence are just a few examples of what couldgive us an unfair competitive advantage and could result in violations of law. 

 

10. PROTECT PROPRIETARY INFORMATION 

 

Proprietary Company informationmay not be disclosed to anyone without proper authorization. Keep proprietary documents protected and secure. In the course of normal 

business activities, suppliers, customers and competitors may sometimes divulge to you information that is proprietary totheir business. Respect these confidences. 

 

11. OBTAIN AND USE COMPANY ASSETSWISELY 

 

Personal use of Company property must always be in accordance withcorporate policy. Proper use of Company property, information resources, material, facilities and equipment is your responsibility. Use and maintain these assets with the utmost care and respect, guarding against waste and abuse, and never borrow orremove Company property without management’s permission. 

 

12. FOLLOW THELAW AND USE COMMON SENSE IN POLITICAL CONTRIBUTIONS AND ACTIVITIES 

 

Weencourage our employees to become involved in civic affairs and to participate in the political process. Employees must understand, however, that their involvement and participation must be on an individual basis, on their own time and at their ownexpense. In the United States, federal law prohibits corporations from donating corporate funds, goods, or services, directly or indirectly, to candidates for federal offices — this includes employees’ work time. Local and state laws alsogovern political contributions and activities as they apply to their respective jurisdictions. 

 

13. BOARD COMMITTEES. 

 

The Company shallestablish an Audit Committee empowered to enforce this **Code of Ethics**. The Audit Committee will report to the Board of Directors at least once each year regarding the general effectiveness of the Company’s **Code of Ethics**, theCompany’s controls and reporting procedures and the Company’s business conduct. 

 

14. DISCIPLINARY MEASURES. 

 

The Company shallconsistently enforce its **Code of Ethics** and Business Conduct through appropriate means of discipline. Violations of the Code shall be promptly reported to the Audit Committee. Pursuant to procedures adopted by it, the Audit Committee shalldetermine whether violations of the Code have occurred and, if so, shall determine the disciplinary measures to be taken against any employee or agent of the Company who has so violated the Code. 

 

The disciplinary measures, which may be invoked at the discretion of the Audit Committee,include, but are not limited to, counseling, oral or written reprimands, warnings, probation or suspension without pay, demotions, reductions in salary, termination of employment and restitution. 

 

Persons subject to disciplinary measures shall include, in addition to the violator, othersinvolved in the wrongdoing such as (i) persons who fail to use reasonable care to detect a violation, (ii) persons who if requested to divulge information withhold material 

information regarding a violation, and (iii) supervisors who approve or condone the violations or attempt to retaliateagainst employees or agents for reporting violations or violators.