U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )
INNOVATION HOLDINGS
COMMON STOCK
457697100
(CUSIP NUMBER)
1901 Avenue of the Stars, Suite 1710
Los Angeles, Ca 90067
(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
March 26, 2003
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this Schedule
13C, and is filing this schedule because of Rule 13d-1(e), (f) or
(g), check the following box [ ].
1. Names of Reporting Persons. S.S or I.R.S. Identification Nos.
of Above Persons (entities only): MARC R. TOW, Social Security
No.: 082-38-0086.
2. Check the Appropriate Box if a Member of a Group (See
Instructions):
(a)________________________________________________________________
(b)________________________________________________________________
3. SEC Use Only:
___________________________________________________________________
4. Source of Funds (See Instructions): OO
___________________________________________________________________
5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e):
___________________________________________________________________
6. Citizenship or Place of Organization: United States Citizen
_____________________________________________________________________
Number of Shares Beneficially Owned by Each Reporting Person With:
7. Sole Voting Power: 6,245,000
_____________________________________________________________________
8. Shared Voting Power:
_____________________________________________________________________
9. Sole Dispositive Power: 6,245,000
_____________________________________________________________________
10. Shared Dispositive Power:
_____________________________________________________________________
11. Aggregate Amount Beneficially Owned by Each Reporting
Person: 6,245,000
_____________________________________________________________________
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares:
_____________________________________________________________________
13. Percent of Class Represented by Amount in Row (11): 27.45%
_____________________________________________________________________
14. Type of Reporting Person: IN
_____________________________________________________________________
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares:
_____________________________________________________________________
ITEM 1. SECURITY AND ISSUER.
Innovation Holdings
Common Stock, $.001 par value
1901 Avenue of the Stars, Suite 1710
Los Angeles, CA 90067
ITEM 2. IDENTITY AND BACKGROUND.
(a) Name: Marc R. Tow
(b) 3900 Birch Street, Suite 113, Newport Beach, CA 92660
(c) None
(d) None
(e) United States Citizen
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Marc R. Tow previously rendered certain legal services, and agreed to
render future legal services for the Issuer in exchange for 6,245,000
shares of stock of the Issuer. Marc Tow currently owns 6,245,000
shares of common stock of the Issuer.
ITEM 4. PURPOSE OF TRANSACTION.
The purpose of this transaction was to enable the Issuer to contract
with an attorney to perform necessary services for the Issuer, in
exchange for securities of the Issuer, without having to expend
operating capital of the Issuer. In this particular situation, Marc
R. Tow previously rendered legal representation and business advice,
and agreed to render future legal services, to the Issuer.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Marc R. Tow acquired 6,245,000 of the common shares of the Issued
March 21, 2003 on March 26, 2003. After Marc R. Tow's acquisition of
the aforementioned shares of the Issuer on March 26, 2003, such
amount represented approximately 27.45% of the total issued and
outstanding common shares of the Issuer.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
The Reporting Person does not have any contracts, arrangements,
understandings or relationships with any other person with respect to
the securities of the Issuer. (Voting trusts, agreements to issue
finder's fees, loan or option arrangements, etc.)
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the above information set forth in this statement is true,
complete and correct.
Date: March 28, 2003 /s/ Marc R. Tow
Marc R. Tow