SOURCE: International Consolidated Companies, Inc.

June 11, 2008 09:15 ET

Kwikserv Scaffolding LTD (New Zealand) With (Unaudited) USD $10 Million in Revenue, USD $3 Million Net Profit and USD $4.5 Million in Assets

SARASOTA, FL--(Marketwire - June 11, 2008) - International Consolidated Companies, Inc. (OTCBB: INCC) announced today that it has executed a Letter of Intent (LOI) to acquire Kwikserv Scaffolding LTD (China) and Kwikserv Scaffolding LTD (New Zealand) located in Changsha Kaiping, Guangdong Provence, Peoples Republic of China and Auckland, New Zealand, respectively.

http://www.kwikservscaffolding.com/english/index.asp

Kwikserv, started in 2004 by Rongbo Chen, is a rapidly growing company with 20 years experience in the scaffolding business, manufacturing its own products under strict quality control supervision. The quality control system in the factory has been certified by SGS to achieve ISO 9001:2000. All the scaffolding and shore loading equipment has been designed, manufactured in accordance to Australian and New Zealand standards. Mr. Rongbo brings 120 employees and an experienced management team with an established European client base.

With a highly efficient production management system and streamlined organizational structure they have established an extensive distribution system.

Antonio F. Uccello, III, Chairman and CEO of International Consolidated Companies, Inc. (ICCI), stated, "Top manufacturers of metal products are moving production facilities to China due to cost effectiveness of both raw materials and labor. This is a unique opportunity to use our management expertise, product knowledge and resources to establish Kwikserve as a leader in this refined and exciting market."

2007 UNAUDITED REVENUE of USD $10 million and after tax profits of USD $3 million.

2006 UNAUDITED REVENUE of USD $5 million and after tax profits of USD $1.5 million.

2005 UNAUDITED REVENUE of USD $1.4 million and after tax profits of USD $420,000.

The UNAUDITED BALANCE SHEET has assets at USD $4.5 million with Zero Long Term Debt.

In the first quarter of 2008 they have booked $9 million in orders and anticipate finishing the year with $15 million in sales. This year's sales will take them to full capacity in their current facility. In order to meet future growth they have identified land on which they have plans to build a new facility capable of meeting the anticipated demands of the Chinese and existing markets.

Terms of the Acquisition will be announced following completion of due diligence, an audit and execution of a Definitive Acquisition Agreement.

ICCI is engaged in the acquisition, financing, and development of the expanding Asian markets. ICCI is focused on three dynamic areas: healthcare, technology and environment. Utilizing a unique evaluation and acquisition model, ICCI provides foreign companies an opportunity to gain access to U.S. capital markets. ICCI retains a significant percentage of each acquired company, creating a diversified investment base with steady growth and long-term increase. Each target company reviewed for acquisition must meet specific criteria detailed in ICCI's acquisition model and have a proven commercial track record. Management is confident in the delivery of consistent, continued increase in shareholder value through accurate and high-minded diligence.

Kwikserv's faith in the ICCI family displays the distinctive reputation that ICCI is rapidly gaining in China.

ICCI: attracting well managed, highly respected, quality International companies.

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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