SOURCE: Intelligent Communication Enterprise Corporation

May 25, 2010 08:30 ET

ICE Corp Announces Its Next Generation Transaction Authentication System

SINGAPORE--(Marketwire - May 25, 2010) -  Intelligent Communication Enterprise Corporation (OTCBB: ICMC), (ICE Corp) announced today that it has successfully completed the installation of its new iCEmat authentication platform. iCEmat which stands for ICE Mobile Authentication Technologies is a more advanced version of the previously known PIVOT system. The company will launch commercial operation of iCEmat in August 2010 and will host and operate the application from Singapore.

iCEmat is targeted primarily at preventing credit card fraud in 'card not present' transactions. Combined with ICE Corp's messaging platform, and the company's new iCEsync application, iCEmat will also be a viable solution for electronic signature verification, order confirmation, identity theft prevention and an array of other applications where security is of high importance.

"iCEmat is a robust yet light and easy to install authentication system. We are encouraged by the positive initial reaction from potential clients and we hope to conclude arrangements with some early adopters from the insurance and banking industry very soon," stated Luther Jao, CEO of ICE Corp. "Research shows that card fraud cost consumers and merchants $48 billion in 2008. With the release of the current version of the application we are confident that we can make a significant contribution to the prevention of transaction fraud," added Mr. Jao.

About Intelligent Communication Enterprise: Intelligent Communication Enterprise Corporation (OTCBB: ICMC), (www.icecorpasia.com), headquartered in Singapore, offers a range of innovative mobile marketing solutions and communications technologies. ICE Corp operates out of its offices in Malaysia, Philippines and Singapore. Communications Technology and Mobile Marketing are two key areas of interest for ICE Corp. iCEsync and iCEmat are brand names of ICE Corp's Mobile Services.

This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions. Actual results may differ materially from the forward-looking statements in this press release. Additional risks and uncertainties are identified and described in the Company's SEC reports. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and the Company specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.

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