International Commercial Television, Inc.

International Commercial Television, Inc.

March 10, 2005 13:04 ET

ICTV Announces it Has Sold its Rights to the TwinTech'TM' Infomercial


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: INTERNATIONAL COMMERCIAL TELEVISION INC.

OTC Bulletin Board SYMBOL: ICTL

MARCH 10, 2005 - 13:04 ET

ICTV Announces it Has Sold its Rights to the
TwinTech'TM' Infomercial

BAINBRIDGE ISLAND, WASHINGTON--(CCNMatthews - March 10, 2005) -
International Commercial Television Inc.,(OTCBB:ICTL) ("ICTV" or the
"Company"), an international consumer products marketing company today
announced it has signed and is party to a Termination Agreement with
Chevron Oronite Company LLC (COC) with respect to the TwinTech
infomercial and all associated products.

The Company has been in discussions with COC since September 2004 and
has now reached an agreement that in part states "ICTV has surrendered
its rights to advertise, promote, market, sell, or otherwise distribute"
COC product formulations.

As per the agreement, ICTV in consideration for surrendering its rights
to the COC products and the TwinTech infomercial, ICTV will receive an
undisclosed sum from COC. The funds received will be used to pay off the
television production cost of the TwinTech infomercial, reduce Company
debt and further the Company's other infomercial projects.

Mr. Claney, CEO of ICTV stated, "The TwinTech project has been a
challenging and rewarding project for the Company. ICTV has many
exceptional projects in various stages of development and now the
Company's resources can be fully employed to progressing them for the
benefit of all ICTV's shareholders."

ICTV will be shortly releasing a comprehensive corporate update
informing its shareholders of the current status of the Company's
domestic and international business and projects under development.

About International Commercial Television Inc.

Headquartered in Bainbridge Island, Washington, ICTV uses direct
response commercial television campaigns and traditional marketing
techniques to bring unique consumer products to the worldwide retail
marketplace.

Forward-Looking Statements

The matters discussed in this press release may contain "forward-looking
statements" (as such term is defined in the Private Securities
Litigation Reform Act of 1995). These statements can be identified by
the use of forward-looking terminology such as "believes", "could",
"plans", "expects", "may", "will", "intends", "should", or "anticipates"
or the negative thereof or other variations thereon or comparable
terminology, or by discussions of strategy that involve risks and
uncertainties. The safe harbor provisions of Section 21E of the
Securities Exchange Act of 1934, as amended, and Section 27A of the
Securities Act of 1933, as amended, apply to forward-looking statements
made by ICTV. You should not place undue reliance on forward-looking
statements. Forward-looking statements involve risks and uncertainties.
The actual results that ICTV achieves may differ materially from any
forward-looking statements due to such risks and uncertainties. These
forward-looking statements are based on current expectations, and ICTV
assumes no obligation to update this information. Readers are urged to
carefully review and consider the various disclosures made by ICTV in
its reports filed with the Securities and Exchange Commission that
attempt to advise interested parties of the risks and factors that may
affect its business.


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    International Commercial Television Inc.
    Tim Crosby
    1-888-449-ICTV
    info@ictvonline.com