SOURCE: International Consolidated Companies, Inc.

December 21, 2007 17:34 ET

Two New Members Join International Consolidated Companies, Inc. Board of Directors

SARASOTA, FL--(Marketwire - December 21, 2007) - International Consolidated Companies, Inc. (OTCBB: INCC) announced today that Steve Seidensticker and Ronald D. Ciaravella have joined the Company's Board of Directors.

Steve Seidensticker brings a wealth of knowledge in business and years of experience designing and implementing business development programs for large, complex Companies. Highly respected and accomplished in the hospitality industry, Steve has held CEO and COO positions for the past 27 years. With an active involvement in local government and with many professional and community affiliations, Steve will assist International Consolidated Companies, Inc. in meeting its Corporate goals. Mr. Seidensticker has extensive experience in strategic and financial analysis, particularly related to capital market transactions.

Ronald D. Ciaravella has over 30 years as a successful entrepreneur and is an active community member serving on many local and regional Boards. As an aviation pioneer, Mr. Ciaravella is President and owner of a large aviation company, a commercial pilot, and is highly respected and regarded in the aviation industry and statewide business community. Having held positions as Founder and President of Skybus Express Airlines and President of Nomad Distributors (the North American Distributors of the Nomad turbo prop aircraft) Mr. Ciaravella is a valuable addition to the Board of Directors.

"On behalf of the Board of Directors, I welcome our two new colleagues to the International Consolidated Companies, Inc. Board. We are delighted to have Steve Seidensticker and Ronald Ciaravella join the International Consolidated Companies, Inc. Board of Directors. They each contribute an abundance of wealth and business expertise, which will be of great value to our Company. This addition to our Board will enhance our ability to make quick and objective decisions with regard to identifying acquisition opportunities throughout the globe. International Consolidated Companies, Inc. is extremely fortunate to have our newest appointees to the Board," stated Antonio Uccello III, Chairman and Chief Executive Officer.

About International Consolidated Companies, Inc.:

International Consolidated Companies, Inc. specializes in acquiring international businesses located in the expanding Asian markets focusing on three dynamic areas: healthcare, technology and environment. Utilizing a unique acquisition model International Consolidated Companies, Inc. provides foreign companies an opportunity to gain access to U.S. capital markets. In exchange, International Consolidated Companies, Inc. retains a significant percentage of each target company, creating a diversified, growth oriented investment base that should enjoy a steady, long-term increase. Each target company reviewed for acquisition must meet specific criteria detailed in International Consolidated Companies, Inc.'s acquisition model and has proven commercial track records. Management is confident that it should deliver consistent, continued growth and be successful in increasing shareholder value through accurate and meticulous due diligence.

Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by International Consolidated Companies, Inc., (the "company"), as well as those contained herein, that are not historical facts are "forward-looking" statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief, or current expectations, estimates, or projections of the company, its directors, or its officers about the company and the industry in which it operates and are based on assumptions made by management. Forward-looking statements include without limitation statements regarding: (a) the company's strategies regarding growth and business expansion, including future acquisitions; (b) the company's financing plans; (c) trends affecting the company's financial condition or results of operations; (d) the company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the company's ability to respond to changes in customer demand and regulations. Although the company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.

Important factors that could cause the actual results to differ materially from those in the forward-looking statements include, among other items, (i) changes in the regulatory and general economic environment; (ii) conditions in the capital markets, including the interest rate environment and the availability of capital; (iii) changes in the competitive marketplace that could affect the company's revenue and/or cost and expenses, such as increased competition, lack of qualified marketing, management or other personnel, and increased labor and inventory costs; (iv) changes in technology or customer requirements, which could render the company's technologies noncompetitive or obsolete; (v) new product introductions, product sales mix, and the geographic mix of sales.

The company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes, and the effect of economic conditions.

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