Icefloe Technologies Inc.

Icefloe Technologies Inc.

March 30, 2007 16:45 ET

Icefloe Announces Management Change

MISSISSAUGA, ONTARIO--(CCNMatthews - March 30, 2007) - icefloe Technologies Inc. ("icefloe") (TSX VENTURE:ICY) today announced that David E. Elliott will resign as Executive Vice President and Chief Financial Officer of icefloe effective April 30, 2007.

Wayne Newson, icefloe's President and CEO commented, "Dave has contributed significantly to icefloe since joining the company in July, 2005. Dave developed and helped refine and streamline the company's financial reporting and provided valued input to our management team. We wish him well in his future endeavours."

President and CEO, Wayne Newson will assume CFO responsibilities until a suitable replacement for Mr. Elliott is appointed. The company will commence a search shortly.


Founded in March 2001, icefloe is a Canadian- based company dedicated to the development and commercialization of its proprietary chilling technology which brings flash chilling capability in a portable form and enables the beverage industry to serve ice cold draft beer without excessive foam loss, anytime and anywhere. Since April 2001, icefloe has focused its efforts on securing patents for its platform technologies, while developing, field-testing, manufacturing and marketing commercial products using its unique technologies. Its wholly owned subsidiary, Draught Guys Inc., provides installation, sales and service for both traditional draft systems and icefloe's proprietary products in the Ontario market. icefloe commenced trading on Tier 2 of the TSX Venture Exchange on April 14, 2004 under the symbol "ICY".

For more information about icefloe, please visit the company website at

Certain information included in this press release is forward-looking and may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with icefloe 's growth, the development of the beverage market, regulatory risks, intellectual property infringement and other factors. Unless otherwise required by applicable securities laws, icefloe disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about potential factors that could affect icefloe's financial and business results is included in public documents icefloe files from time to time with Canadian securities regulatory authorities.

No Securities Commission or other regulatory authority having jurisdiction over icefloe has approved or disapproved of the information contained herein.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information