July 09, 2008 15:30 ET, Inc. Make Strategic Directional Change Into the Oil and Gas Service Industry

DALLAS, TX--(Marketwire - July 9, 2008) - (PINKSHEETS: ICTY) has announced today that the company has made a directional change and will focus all available resources and investment capital into the oil and gas industry. In connection with these strategic changes, the Company expects to change its name. The Company feels that its market research into strategic opportunities in the oil and gas infrastructure indicates above average returns in this business sector.

Over the Holiday weekend, CEO Anthony Baker had meetings with established companies in the oil and gas industry. Based upon the outcome of those meetings, an executive decision was made that it was in the best interest of the company and its shareholders to pursue oil and gas opportunities. Mr. Baker made a humorous statement: "The world is in need of oil and gas, not more clothing. Although this statement is obvious, it's meant to be taken seriously and I hope our credibility remains strong."

After making this decision, Mr. Baker immediately engaged a strategic growth consultant with experience in the oil and gas industry to work with the Company on its future growth plans. Mr. Baker further stated, "This consultant has already introduced us to several small to mid-size Oil field services companies that are currently available for acquisition and consolidation. These companies are all located in the heart of America's traditional oil and gas plays. Each potential acquisition has established track records, loyal customers and management teams that are willing to stay on board to maintain continuity during the transition. Our approach of consolidating small to mid-size companies is a proven concept that should increase shareholder value while building a network of corporate assets throughout the southern United States. Our goal is to provide a turn key option for the oil patch providing equipment, services, supplies, design and engineering support for the ever increasing exploration, drilling and production activities through out the southern United States.


This press release contains "forward-looking statements," which are statements related to future, not past events. In this context, the forward-looking statements often include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future acquisitions and business strategy, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks" or "will." Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause results to differ materially from those set forth in the statements.

These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the level of strategic partner incentives, (c) the future regulatory environment, (d) our cost of financing, (e) our ability to complete acquisitions and dispositions and the risks associated therewith, and (f) our ability to retain key personnel. These factors, as well as additional factors, could affect our forward-looking statements. We urge you to carefully consider this information. We undertake no duty to update our forward-looking statements, including our earnings outlook.

Contact Information

  • Contact:

    Anthony Baker