Innovative Logistics Techniques, Inc. along with its parent, Innolog Holdings Corporation refinanced $500,000 of bank debt and $1.5 million of affiliated debt to longer terms. The debts were previously due in September 2012. As part of the refinancing, certain members of the Board Directors, along with key outside investors agreed to pay off the bank debt and refinance it along with extending the terms of their affiliated debt to a 5 year maturity.