SOURCE: Intelligent Living Corp.

Intelligent Living Corp.

August 29, 2012 08:00 ET

Intelligent Living Provides Update

Company in Negotiations With First Nations Community for Housing

VANCOUVER, BC--(Marketwire - Aug 29, 2012) - Intelligent Living Corp. ("ILVC") (OTCBB: ILVC), a leading supplier of green building solutions and innovative home automation and control technology systems, today announced that the Company is in advanced negotiations with a coastal First Nations community to provide engineering and design build services for the construction of rental accommodation and single family housing. Increased economic activity within the community has created the need for housing and related infrastructure. The community's immediate need includes approximately 18,000 square feet of mixed rental and single family housing. Longer term needs are substantially greater. Band council has authorized the first phase expenditure and the Company expects to receive approval to begin engineering and design work for an autumn construction start. The overall project is expected to span several years with the first phase targeted for completion in the third quarter of calendar 2013 subject to the signing of formal construction contracts.

The proposed designs are based on the Company's Spirit series homes which include: partial structural insulated panels (SIPs), engineered truss joists (TJI®), high efficiency insulation and external rain screens that deliver ease of assembly, exceptional moisture control, thermal performance and structural integrity. The designs allow for electrical and mechanical components to be centralized within a pre-fabricated module that combines a pre-finished utility space and bathroom with a common wet wall that services the kitchen area. This approach allows for substantial shop completion and quality control of the electrical, water and drainage servicing. The module is designed with flexibility to accommodate solar, gas, electric or geo-thermal heat exchange systems for demand domestic hot water and space heating (http://mcm.bjb.ca/articles/mechanical-electrical-pod/). The design of the single family units includes provision for ILVC's "touch and control" Smart Home integrated monitoring and automation system for control of environmental parameters, energy use, access and security, lighting, network, audio and video.

"This project has been in the conceptual and planning stages for several months. Our approach was developed both to meet community needs and as a technology and process demonstration," stated Mr. Michael Holloran, President and CEO. "The project required an innovative approach to facilitate individual ownership and bank financing for the single family units. The approach and experience gained here will give us a significant advantage in marketing our products and knowhow to First Nations and Native Indian communities in Canada and the US. This project is a perfect fit for our recently announced MOU and is an enabling step toward achieving our First Nations and Native Indian housing related annual revenue target of $20 million."

About ILVC
Intelligent Living Corp., a leading provider of green building solutions, specializes in multi-strata property renovation and development, home and commercial automation systems and development and supply of small footprint, energy efficient housing for First Nations communities and emergency relief. Founded in 1994, ILVC is a member of the Canadian Green Building Council.

Safe Harbor Provision
Except for statements of historical fact, the matters discussed in this press release are forward-looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future," "plan" or "planned," "expects," or "projected." These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control that may cause actual results to differ materially from stated expectations. These risk factors include, among others, limited operating history, availability of funding, intense competition, demand for the company's products and services, and additional risks factors as discussed in reports filed by the company with the Securities and Exchange Commission, which are available at http://www.sec.gov.

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