International Commercial Television, Inc.
OTC Bulletin Board : ICTL

International Commercial Television, Inc.

August 18, 2008 13:07 ET

ICTV Reports Record Finacial Results

BAINBRIDGE ISLAND, WASHINGTON--(Marketwire - Aug. 18, 2008) - 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 comments on its financial performance for the six months ending June 30th 2008.

The Company is pleased to report the following.

- Gross Revenue for the six months ending June 30, 2008 grew to $7,950,707 from $4,834,797 in the same period for 2007. This represents a 64% increase.

- Revenue for 2nd Quarter 2008 of $4,281,949 increased $613,191 from 2008 1st Quarter of $3,668,758.

- Net Profit for 2nd Quarter 2008 of $260,298 represented an increase of $150,317 from 2008 1st Quarter of $109,981 - an increase of 73%.

Working Capital for the company has increased to $6,481,720 at June 30th, 2008 from $6,042,085 at December 31st, 2007 - an increase of $439,635 and 7.3%.

A six month comparison of results from 2008 and 2007 is as follows:

6 Month Comparative Figures

June 30th, 2008 June 30th, 2007
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NET SALES $ 7,950,707 $ 4,834,797

COST OF SALES $ 2,188,441 $ 1,296,588
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GROSS PROFIT $ 5,762,266 $ 3,538,209
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EXPENSE $ 5,424,133 $ 2,865,774
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OPERATING INCOME $ 338,133 $ 672,435
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NET INCOME $ 370,279 $ 675,645
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NET INCOME PER SHARE $ 0.03 $ 0.06
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The company has invested in its future by funding and releasing a new infomercial for its DermaWand product in second quarter 2008, and expanding its new product development for products which it plans on introducing to the market place in second half 2008 and first half 2009. In addition, the company opened its new corporate operations office in Wayne, Pennsylvania at the beginning of the second quarter 2008 with the purpose of building a strong operating platform to handle the company's rapid revenue growth.

Richard Scheiner, COO of ICTV, stated "ICTV is in the midst of a period of development that is designed to provide more streamlined and efficient operations for the company. We believe that our expansion into multiple distribution channels with new product lines will benefit from these operating enhancements, as will our existing DermaWand and DermaVital brands."

About the DermaWand

The Company-owned DermaWand is a highly effective, patented and unique in-home skin care appliance that helps reduce the appearance of fine lines and wrinkles, and assists in cosmetically improving overall skin appearance.

About International Commercial Television, Inc.

With Corporate Headquarters 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 DermWand and DermaVital Skincare brands. Marketing and distribution of the Company's products 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. You should not place undue reliance on Forward-looking statements. These 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.

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