SOURCE: International Consolidated Companies, Inc.

June 23, 2008 09:15 ET

International Consoldiated Companies Appoints ODL Securities to Raise up to US $50 Million

SARASOTA, FL--(Marketwire - June 23, 2008) - International Consolidated Companies, Inc. (OTCBB: INCC) today announced that it has appointed ODL Securities Limited of the United Kingdom to raise up to US $50 million for acquisitions in China.

INCC recently acquired, through a wholly-owned subsidiary, two China-based companies, Shanghai Huaxin High Biotechnology and Sichuan Kelun Bio-Tech Pharmaceutical Company and is actively seeking additional acquisitions. Shanghai Huaxin High Biotechnology has patents on a proprietary delivery system for the drug Interferon that is utilized to fight Hepatitis B and C (the two single largest killers in China) and Cervical Cancer. Proceeds from the planned financing(s) will be used for the current subsidiaries and to fund future acquisitions.

Antonio F. Uccello, III, CEO of INCC said, "We look forward to working with ODL and their corporate finance team on our future Asian-company acquisitions. Their in-depth knowledge and experience in fundraising and transaction management will no doubt assist INCC in our efforts to grow the Company and to achieve our short and medium term goals as we expand our platform in China and beyond."

About ODL Securities Limited (http://www.odlsecurities.com/)

ODL Securities Limited (ODL) is a leading, independent FOREX, derivatives, equity, spread betting and commodity trading house. The Company offers institutional, private, and white label clients an integrated approach to trading diverse financial products. With offices in UK, USA, Japan, Canada and Monaco, ODL provides clients 24 hour trading, and the Company launched its spread betting operations in February 2008.

ODL's Corporate Finance department specializes in raising funds in the initial stages of financing through private placements and the IPO market.

Originally founded in 1994 as an options house, ODL Securities received a capital injection from new shareholders in 2004 and a new senior management team was appointed. Since then, a wide range of enhancements have been implemented across all areas of the business, and new products introduced, with a further placing of £14 million in 2007 to continue to fuel its development. ODL has demonstrated strong growth since its restructuring in 2004, and has built up a loyal and growing base of customers including private traders, institutions, fund managers and brokers, across more than 100 countries.

Between FY 04-06 ODL achieved a 277% increase in turnover from £6.23m to £23.47m and, in the same period, profit before tax increased more than six fold from £1.13m to £7.05m. The Company has increased staff numbers from just 28 in mid-2004 to over 200 staff located in global offices.

Recently the Company has invested heavily in new state-of-the-art risk management and back office systems and has developed a new range of trading platforms, in order to ensure that its growth is built on solid foundations. Since January 2007, ODL Capital has become the UK's second largest Retail Service Provider by volume and strengthens the Company's electronic dealing service in global equities.

As a market maker, ODL Securities is authorised and regulated by the Financial Services Authority and is a member firm of the London Stock Exchange and Euronext.LIFFE. It is also a designated broker and a member of APCIMS. For further information please visit www.odlsecurities.com.

Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by International Consolidated Companies, Inc., (the "company"), as well as those contained herein, that are not historical facts are "forward-looking" statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief, or current expectations, estimates, or projections of the company, its directors, or its officers about the company and the industry in which it operates and are based on assumptions made by management. Forward-looking statements include without limitation statements regarding: (a) the company's strategies regarding growth and business expansion, including future acquisitions; (b) the company's financing plans; (c) trends affecting the company's financial condition or results of operations; (d) the company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the company's ability to respond to changes in customer demand and regulations. Although the company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.

Important factors that could cause the actual results to differ materially from those in the forward-looking statements include, among other items, (i) changes in the regulatory and general economic environment; (ii) conditions in the capital markets, including the interest rate environment and the availability of capital; (iii) changes in the competitive marketplace that could affect the company's revenue and/or cost and expenses, such as increased competition, lack of qualified marketing, management or other personnel, and increased labor and inventory costs; (iv) changes in technology or customer requirements, which could render the company's technologies noncompetitive or obsolete; (v) new product introductions, product sales mix, and the geographic mix of sales.

The company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes, and the effect of economic conditions.

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