POWER OF ATTORNEY

Know all by these presents, that the undersigned hereby constitutes and appoints Curt P. Creely and Christopher J. Floyd, as the undersigned’s true and lawful attorneys-in-fact, to:

execute for and on behalf of the undersigned Forms 4 and 5 in accordance with Section 16 of the Securities Exchange Act of 1934, and the rules promulgated thereunder, in connection with the undersigned’s service as the Chief Financial Officer for Innovative Software Technologies, Inc.;

do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete the execution of any such Form 4 and 5 and the timely filing of such form with the United States Securities and Exchange Commission and any other authority; and

take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in his or her discretion.

The undersigned hereby grants to such attorneys-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary and proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as such attorneys-in-fact might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorneys-in-fact, or his or her substitute or substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming any of the undersigned’s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed effective as of this _____ day of _____________________, 2004.


		/s/ Peter M. Peterson
		Printed Name: Peter M. Peterson

INNOVATIVE SOFTWARE TECHNOLOGIES INC 4