SOURCE: International Consolidated Companies, Inc.

January 21, 2010 21:13 ET

INCC Rescinds Acquisition of Millennium Teleservices Operations

SARASOTA, FL--(Marketwire - January 21, 2010) - International Consolidated Companies, Inc. (OTCBB: INCC) today announced that the company has rescinded its previously announced acquisition of the operations of Millennium Teleservices, LLC due to unforeseen liabilities tied to Millennium's operations.

"While acquiring Millennium's operations appeared to make sense in that it added immediate top line revenue, additional liabilities that came to light only after we became involved with Millennium's operations would have made it difficult, if not impossible, to operate the new facilities at a profit," stated Daniel Swinehart, recently appointed INCC Vice President of Acquisitions & Integration.

"INCC is committed to growing through internal growth and acquisitions and will continue to focus on this strategy," stated Antonio F. Uccello, III, President and CEO of International Consolidated Companies, Inc.

About International Consolidated Companies, Inc.

International Consolidated Companies, Inc. ( is a publicly traded company listed under the symbol 'INCC.' INCC's focus is on acquiring and operating businesses that enhance and expand their Business Process Services (BPS) offerings. 121 Direct Response ( is a wholly-owned subsidiary of INCC offering full-service direct response consulting, idea development, and campaign execution organization. With over 600 employees and outbound and inbound contact center stations; a full-service direct mail design, printing, fulfillment, and mailing facility; and direct response expertise in nonprofit and commercial direct marketing, 121 can provide its clients with turnkey direct response service excellence.

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