Icefloe Technologies Inc.

Icefloe Technologies Inc.

March 14, 2005 09:59 ET

Icefloe Technologies Inc.: Press Release


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ICEFLOE TECHNOLOGIES INC.

TSX VENTURE SYMBOL: ICY

MARCH 14, 2005 - 09:59 ET

Icefloe Technologies Inc.: Press Release

MISSISSAUGA, ONTARIO--(CCNMatthews - March 14, 2005) - Icefloe
Technologies Inc. ("Icefloe") (TSX VENTURE:ICY) today announced it has
amicably and mutually agreed with Hurricane Capital Corporation
("Hurricane") to terminate the investor relations agreement between them
dated as of May 10, 2004 (the "Agreement"). The termination is effective
as of February 1, 2005. Neither Icefloe nor Hurricane has any further
obligations to each other pursuant to the Agreement.

ABOUT ICEFLOE TECHNOLOGIES INC.

Founded in March 2001, Icefloe (TSX Venture Exchange: ICY) 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".

The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release. No Securities Commission or other
regulatory authority having jurisdiction over Icefloe has approved or
disapproved of the information contained herein.

For more information about Icefloe, please visit Icefloe's website at
www.icefloe.com.

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.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Icefloe Technologies Inc.
    Wayne Newson
    President and CEO
    (905) 712-7777
    (905) 712-2826 (FAX)
    5855 Kennedy Road, Mississauga, ON, L4Z 2G3
    wnewson@icefloe.com