International Technologies Corporation

International Technologies Corporation

June 07, 2005 09:00 ET

ITC-MP3 Sales Second Only to Apple iPod at Future Shop/Best Buy Canada

RICHMOND, BRITISH COLUMBIA--(CCNMatthews - June 7, 2005) - International Technologies Corporation (TSX VENTURE:ITI) -

Company Receives Prestigious MP3 Vendor of the Year Award

International Technologies Corporation ("ITC"), announced today that its MPIO - MP3 line is a top seller in the Canadian market, next only to MP3 pioneer, Apple iPod.

MPIO - MP3 players are stylish, loaded with functionality and are small enough to hang on a necklace chain. The MPIO brand, growing in popularity, is recognized world wide with market share currently estimated at 20% globally.

"Future Shop/Best Buy Canada is expecting another strong year in the portable audio category and anticipates increasing sales volumes by record levels. As their supplier, we will participate in the tremendous push expected in this area," said Michael Uhm, President and CEO of ITC.

ITC also announced that it has been chosen as "Vendor of the Year" in the popular portable audio category at the Future Shop/Best Buy May conference held in Vancouver, B.C. The MPIO - MP3 brand won this distinction over some of the largest names in the electronics market today: Apple, Sony, Samsung, BenQ, Iriver and Creative.

"It was an easy choice to make in the MP3 player category. ITC provides us with exclusivity on great innovation, service and pricing when we need it. They truly stood out in a volatile year and show no signs of changing the quality of their products and service this year," said Michael Yahn, Merchandising Manager for Future Shop, Canada.

The portable MP3 player category more than doubled unit shipments volumes last year and nearly tripled revenues to $1.2 billion, according to the Consumer Electronics Association (CEA). These devices now can be found in approximately 15 percent of homes.

ITC will continue delivering superior products that meet the changing needs of consumers and provide its partners with service that is second to none in the electronics industry.

About ITC

International Technologies Corporation ( is a leading importer and distributor of advanced electronics and computer products. The Company has a manufacturer-direct relationship that provides savings and other significant advantages to its customers.

ITC holds the exclusive rights to distribute product to the North American marketplace through its relationship with Hansol Korea. The Company also has agreements in place to deliver MPIO branded products exclusively to the Canadian market and to the United States on a non exclusive basis.

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.

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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