International Commercial Television, Inc.
OTC Bulletin Board : ICTL

International Commercial Television, Inc.

December 05, 2007 10:28 ET

ICTV Closes $3,261,500 Financing

BAINBRIDGE ISLAND, WASHINGTON--(Marketwire - Dec. 5, 2007) - International Commercial Television, Inc. (OTCBB:ICTL) ("ICTV" or "The Company") a premier consumers products company employing the strength of revenue generating, prominently profiled infomercial campaigns to market and brand unique "Fountain of Youth" products to the global consumer through multi-channels of distribution including Direct Response Television ("DRTV"), retail and the internet is please to announce the following.

ICTV has been in funding discussions since November 2nd 2007 with Praetorian Capital Management LLC ("PCM") a US based investment manager and has closed a private placement consisting of 1,482,500 units and proceeds of $3,261,500.00 which have been received by the Company.

Each unit consists of one common share in the capital of the Company priced at $2.20 and one share purchase warrant with each warrant entitling PCM to purchase one additional common share in the capital of the Company at a price of $3.00 per share until December 3, 2010 and all units are subject to SEC Rule 144 resale restrictions.

The proceeds of the financing will be used for expanding inventory levels of the Derma Wand, purchasing additional television media, new product development, the Cell-Rx US market launch in the 1st quarter of 2008 and general working capital purposes.

About the Derma Wand

The Derma Wand is a highly effective, patented and unique in-home skin care electronic beauty device that helps reduce the appearance of fine lines and wrinkles, and assists in cosmetically improving overall skin appearance.

About Cell RX

The Company has acquired the worldwide rights through a license agreement to the "Cell -RX." , a unique and highly effective skincare system from Smart Skincare Inc. The key ingredient of Cell-Rx is Nano-C Powder which uses a patented nanotechnology to preserve the potency of nature's most powerful anti-oxidant and collagen builder - Vitamin C. The Nano-C starts as a powder but when applied to the consumer's skin surface the Nano-C becomes a cream which is instantly absorbed right into the skin and there by more effectively employing the dynamic skin rejuvenating properties of the Nano-C powder.

About International Commercial Television, Inc.

Headquartered in Bainbridge Island Washington, International Commercial Television, Inc. is a rapidly expanding global consumer products company marketing unique and effective "Fountain of Youth" products with distribution channels in place in over 35 countries worldwide. The Company utilizes a distinctive marketing strategy and multi-channel distribution model to develop, market and sell health and beauty products under its Derma Wand and DermaVital Skincare brands. Marketing and distribution of the Company's products is through infomercials, live home shopping television, mass retailers, spas and salons, online shopping and various other forms of distribution.

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). The Company relies on 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. 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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