International Technologies Corporation

International Technologies Corporation

March 22, 2006 09:00 ET

ITC Secures Account with Canadian Retailer The Source By Circuit City; Receives Initial Order for MPIO MP3 Players

RICHMOND, BRITISH COLUMBIA--(CCNMatthews - March 22, 2006) - International Technologies Corporation ("ITC") (TSX VENTURE:ITI), announced today that it has entered into a vendor relationship with electronics retailer, The Source By Circuit City, and closed its first sale.

ITC will supply the large, 900 store chain with its own private label brand of MP3 players called iBulldog. A substantial initial order for the feature rich audio players has been received with additional products anticipated in the near future.

"We expect this partnership to be a powerful collaboration making consumers happy with innovative technologies while adding to the financial strength of both businesses," said Michael Uhm, ITC's CEO. "The Source has been a major player in the Canadian market providing specialty electronics to Canadian consumers for more than 30 years. Our retail sales will reap tremendous benefit from this agreement in 2006."

ITC continues to focus on delivering exciting consumer and commercial electronics to its reseller partners that offer superior returns and cater to the vast appetite the market has for evolving digital entertainment.

According to the Consumer Electronics Association (CEA) sales of electronics exceeded expectations in 2005, totaling $125.9 billion, forecasted to grow by 8 percent to $135.4 billion in 2006. CEA attributes much of the growth in 2005 to next-generation product lines and innovations to wireless devices, flat panel displays, MP3 devices and gaming consoles and software.

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, South American, Mexican and Australian markets through its relationship with Digitalway Korea and has exclusivity on all Hansol Korea LCD monitors sold to the North American market.

About The Source By Circuit City

The Source By Circuit City ( is operated by InterTAN Canada Ltd., a subsidiary of Circuit City Stores, Inc. Building on InterTAN's more than 30 years of experience as an electronics retailer in Canada, The Source by Circuit City stores and dealers will offer a wide range of brand name consumer electronics including communications, computing, personal audio and cool gadgets.

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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