Innovative Composites International Inc.

Innovative Composites International Inc.

February 10, 2010 17:41 ET

Engineered Plastics Purchases ICI Construction Panels to Be Utilized in a Flagship Mercedes Benz Dealership

TORONTO, ONTARIO--(Marketwire - Feb. 10, 2010) - Innovative Composites International Inc. (TSX VENTURE:IC) ("ICI" the "Company"), is pleased to announce that it has received a purchase order for commercial construction panels from Engineered Plastics Incorporated ("EPI"), a privately held Canadian specialty composite products manufacturer that serves the infrastructure/construction, mass transit and corrections industries.

EPI is in the process of completing the construction of a flagship Mercedes Benz dealership in Hamilton, Ontario and will utilize ICI's Fiber Reinforced Thermoplastic ("FRT") panels for the construction of several wall sections. ICI and EPI have entered into a three year exclusive Distribution Agreement whereby ICI's proprietary panels will be purchased by EPI for application in construction of commercial buildings: including wall and roof systems, hurricane shutters, mass transit platforms, pedestrian walkway systems, and construction of correctional facilities. Design and engineering will be a joint effort with EPI providing application engineering and ICI providing product engineering.

Mr. Ken Szekely, President of EPI commented, "I am excited about the opportunity of combining EPI's expertise of engineering composite products and our extensive distribution channels with ICI's products which I believe provide a superior performance with competitive market pricing. EPI is confident that through this strategic alliance ICI will have the opportunity to fast track the implementation of its unique technology into the commercial construction marketplace."

Terry Ball, ICI's Chief Executive Officer said, "Having an absolute composite expert such as EPI sign up to distribute our FRT panels gives us additional confidence in the superiority of our products in terms of attributes and pricing. We consider EPI to be an absolute leader in their industry and are excited to have opened up a new market for our structural FRT panels."

About Engineered Plastics Inc.

EPI was founded by its owner and CEO Ken Szekely 35 years ago. The company is a leading designer, engineer and manufacturer of specialty composite products that serves the infrastructure/construction, mass transit and corrections industries. EPI has offices in Canada, the United States, Europe, and, China, as well as manufacturing facilities in Buffalo N.Y. and China.

About Innovative Composites International Inc.

Headquartered in Toronto, Canada, ICI is a high-tech engineering and manufacturing company established in 2007 by a group of entrepreneurs with a successful track record in commercializing advanced materials.

The Company is currently focused in two areas: Fibre Reinforced Thermoplastic panels, a unique line of application-ready structural composite panels and Hero 451, an environmentally friendly fire inhibitor and suppressant. ICI's goal is to deliver products that exceed industry standards with greater durability, strength, flexibility and safety.

ICI is partnering directly with leaders in its target industries as it considers it to be the fastest way to bring products to market. ICI's customized solutions are intended to provide partners with competitive advantages over their competitors.

To find out more about Innovative Composites International Inc. (IC: TSX-V), please visit our website at

"Statements made in this press release include forward-looking statements that involve a number of risks and uncertainties. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements, such as the economy, generally, competition in its target markets, the demand for ICI's products and the availability of funding. These forward-looking statements are made as of the date hereof and ICI does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from ICI's expectations and projections."

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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