- Announces Annual General Meeting Date & Location -
TORONTO, Feb. 16, 2012 /CNW/ - Innovative Composites International Inc. ("ICI" or the "Company"), (TSXV: IC) (OTCQX: ICIZF, a producer of patented protected composite products targeting the multi-billion dollar prefabricated modular housing and transportation markets, is pleased to announce that it was named one of the Top 50
companies listed on the TSX Venture Exchange for 2012. The Company
ranked sixth in the Clean Technology sector.
"We are honoured to be named to the TSX Venture Top 50 list for the
second consecutive year," said ICI's President and CEO Terry Ball,
"This achievement was the result of the tremendous work done by our
management team, in the execution of our business plan."
About the TSX Venture Top 50
The Top 50 ranks the strongest performers as of December 31, 2011 on the
Venture Exchange. It acknowledges companies that have excelled over the
past year and identifies the top 10 leaders in five industry sectors:
Clean Technology, Diversified Industries, Mining, Oil & Gas, and
Technology & Life Sciences. These companies are ranked according to:
Market Capitalization Growth
Share Price Appreciation
Annual General Meeting & First Quarter Results FY2012
ICI invites all interested parties to attend its Annual General Meeting
FY2011. The meeting will be held on Tuesday, March 6, 2012 at 4:30 p.m.
ET at the Westin Harbour Castle, 1 Harbour Square, Toronto, Ontario,
M5J 1A6, in the Dockside 1 Room.
ICI intends to release its first quarter results FY2012 mid to late
March to accommodate for the adoption of IFRS reporting.
About Innovative Composites International Inc.
Headquartered in Toronto, Canada, Innovative Composite International Inc. (TSXV: IC) (OTCQX: ICIZF) 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 prefabricated modular 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
To find out more about ICI please visit our website at: www.innovativecompositesinc.com.
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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
SOURCE Innovative Composites International Inc.
For further information:
Chief Financial Officer
(416) 646 0754
(416) 815 0700 ext 253