International Technologies Corporation

International Technologies Corporation

June 07, 2007 16:59 ET

ITC Announces Issuer Bid

RICHMOND, BRITISH COLUMBIA--(Marketwire - June 7, 2007) - International Technologies Corporation ("ITC") (TSX VENTURE:ITI) is pleased to announce that it has obtained regulatory approval to proceed with a normal course issuer bid whereby ITC may purchase up to a total of 870,998 common shares, representing approximately 5% of the common shares currently issued and outstanding.

It is expected that the normal course issuer bid will commence on June 6, 2007 and terminate on June 5, 2008. All acquisitions of common shares by ITC pursuant to the bid will be made through the facilities of the TSX Venture Exchange ("TSXV") at the market price. ITC is making a bid to stabilize the trading price and provide liquidity in the market for its common shares.

The Corporation has undertaken a normal course issuer bid through the TSXV from February 15, 2006 to February 14, 2007 during which periods 60,500 common shares were acquired.

Purchases on behalf of ITC will be made by Canaccord Capital Corporation, Suite 1200-595 Burrard Street, Vancouver, British Columbia V7X IJ1.

About ITC

International Technologies Corporation ( is a global supplier of innovative digital audio, multi-media, home entertainment, flat screen monitors/televisions and other advanced electronics products to the consumer and commercial market place. ITC also creates private label and OEM brands for its retail partners. The Company's ability to deliver manufacturer-direct product provides savings and other significant advantages to its customers.

ITC holds the exclusive rights to distribute MPIO products to the North, Central and South American markets in addition to Mexico and Australia through its relationship with Digitalway Korea and has exclusivity on all Hansol Korea LCD monitors sold to the North American market.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Factors that might cause a difference include, but are not limited to, market acceptance of principal products, the impact of competitive products and technologies, the possibility of products infringing patents and other intellectual property of fourth parties, and costs of product development. ITC will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by ITC. (This release is not a solicitation to United States residents to purchase securities in the Company).

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein.

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