IC International Corona Capital Corp

- Opportunity to establish new market vertical for EcoScape(TM) building system - TORONTO, Oct. 18, 2011 /CNW/ - Innovative Composites International Inc. ("ICI" or the "Company"), announced today that it has received its first order from Liberty Eagle Holdings ("LE"), an owner/operator of Subway(®) restaurants in Africa, for a custom designed structure to be used as a Subway(®) restaurant in Tanzania. Following the opening of the store in Dar es Salaam, which is scheduled for the first quarter of 2012, LE will continue its development of outlets in the region. "In addition to affordable housing projects, commercial buildings in emerging markets represent a significant opportunity for ICI. The EcoScape(TM) building system enables us to deliver durable, sustainable, high quality structures to help the franchises get into business quickly and cost effectively," said Terry Ball, CEO of ICI. "We look forward to working on LE's future projects throughout Africa as well as possibly providing building solutions for Subway(®) and other quick serve restaurants in other parts of the world." "We have used other building systems in the past, but nothing we have seen offers the modularity and ease of construction that we found with ICI's EcoScape(TM) building system, at a price point suitable for a developing market," stated CJ Bak, a partner at LE. Subway(® )is one of the fastest growing fast food franchises in the world with over 35,000 restaurants in 98 countries. Over the last decade most of the growth for the fast food industry took place in the emerging markets and this trend is likely to continue for the foreseeable future. About Liberty Eagle Holdings Ltd. Headquartered in Dar es Salaam, Tanzania, Liberty Eagle Holdings is a franchisee of Subway International, B.V.  Liberty Eagle invests in consumer-focused businesses that serve Africa's rapidly emerging middle class. About Innovative Composites International Inc. Headquartered in Toronto, Canada  Innovative Composite International is a high tech engineering and manufacturing company that is successfully commercializing a patent protected line of state-of-the-art composite products targeted at the multi-billion dollar transportation and affordable housing markets. Led by a team of commercialization experts ICI has adopted a tier two business model:  it designs and manufactures game-changing products and partners with established companies in its target markets to utilize their sales channels for faster product roll-out. This strategy and the superior characteristics of the products have resulted in rapidly growing sales in both markets and opened up opportunities that could lead to large scale contracts on an ongoing basis. To find out more about ICI please visit our website at: www.innovativecompositesinc.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. "Statements made in this press release include forward-looking statements that involve a number of risks and uncertainties. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements, such as the economy, generally, competition in its target markets, the demand for ICI's products and the availability of funding. These forward-looking statements are made as of the date hereof and ICI does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from ICI's expectations and projections." Innovative Composites International Inc. CONTACT: Contact Information:Ilja Troitschanski or Philip DaleChief Financial Officer TMXEquicom(416) 646 0754 (416)815 0700 ext 253ilja@innovativecompositesinc.com pdale@equicomgroup.com

Copyright