Innovative Composites International Inc.

Innovative Composites International Inc.

December 08, 2009 17:29 ET

Innovative Retains Brisco Capital to Provide Investor Relation Services

TORONTO, ONTARIO--(Marketwire - Dec. 8, 2009) - Innovative Composites International Inc. (TSX VENTURE:IC) ("ICI" the "Company"), is pleased to announce that it has retained the services of Brisco Capital Partners Corp. ("Brisco") to provide investor relations services, subject to regulatory approval. Brisco will initiate and maintain contact with the financial community, shareholders, investors and other stakeholders for the purpose of increasing awareness of the Company and its activities. Brisco takes a full service approach to investor relations and provides creative, effective results-driven investor relations programs for Canadian public companies.

The term of the agreement between ICI and Brisco is for a 12-month period. Brisco will receive a monthly fee of $6,000 and will be granted 300,000 stock options with an exercise price of $0.35. The stock options will vest equally and quarterly over the first 12 months after issuance. The stock options expire at the earlier of 30 days after termination of the agreement, or 2 years from the date of issuance.

"Our goal is to introduce ICI as an investment opportunity, and given that we are starting to see revenue generation from our Fiber Reinforced Thermoplastics (FRT) products and our Hero 451 fire inhibitor product line, it's an opportune time to market the Company. We are looking forward to working with Brisco to actively engage the investment community, in order to ensure that our Company and its inherent value might be best communicated and fully appreciated", said Terry Ball, CEO of ICI.

"We are excited about ICI and the opportunity to introduce our network to a management team with a proven track record of commercializing advanced materials. While there are a range of applications and markets for ICI's FRT and Hero 451 product lines, we like the immediate growth prospects in the transportation and mattress fire protection verticals respectively", said Scott Koyich, President of Brisco.

About Innovative Composites International Inc.

Innovative Composites International (TSX VENTURE:IC) is a high-technology engineering and manufacturing company established in 2007 by a group of entrepreneurs with a successful track record in commercializing advanced materials.

The Company is currently focused in two areas: Fibre Reinforced Thermoplastics ("FRT"), a unique line of application-ready structural panels and Hero 451, an environmentally friendly fire inhibitor and suppressant. ICI's goal is to deliver products that exceed industry standards with greater durability, strength, flexibility and safety.
ICI is partnering directly with leaders in its target industries as it considers it to be the fastest way to bring products to market. ICI's customized solutions are intended to provide partners with competitive advantages over their competitors.

To find out more about Innovative Composites International Inc. (TSX VENTURE:IC), please visit our website at

"Statements made in this press release include forward-looking statements that involve a number of risks and uncertainties. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements, such as the economy, generally, competition in its target markets, the demand for ICI's products and the availability of funding. These forward-looking statements are made as of the date hereof and ICI does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from ICI's expectations and projections."

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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