illumiCell reports 2006 year-end results



    CALGARY, April 23 /CNW/ - illumiCell Corporation (TSX-V: ICC), a Calgary-
based provider of local search services, today reported results for its fourth
quarter and year ended December 31, 2006.
    Revenues for the year ended December 31, 2006 were $108,838 compared to
$Nil for the same period in 2005. Net loss for the year ended December 31,
2006 was $1,440,784, or $0.04 per basic share, compared to a net loss of
$522,941, or $0.02 per basic share in 2005. Fourth quarter loss was $551,235
compared to $202,770 for the same period of the prior year. The increase in
expenditures for the year and the fourth quarter were primarily related to the
addition of personnel and consultants, as well as investment in business
development, marketing and IT infrastructure to support future growth.

    
    -------------------------------------------------------------------------
    Summary of Results of Operations - For Years Ended December 31
    -------------------------------------------------------------------------
                                                      2006           2005
    -------------------------------------------------------------------------
    Revenue                                          $108,838              -
    -------------------------------------------------------------------------
    Net loss from operation                       $(1,440,784)     $(522,941)
    -------------------------------------------------------------------------
    Loss per share - Basic                             $(0.04)        $(0.02)
    -------------------------------------------------------------------------
    Total assets                                   $4,290,295     $1,034,453
    -------------------------------------------------------------------------
    Total liabilities                                $547,538       $155,089
    -------------------------------------------------------------------------
    Outstanding Shares - Basic                     45,776,480     29,478,850
    -------------------------------------------------------------------------
    Outstanding Shares - Fully Diluted             46,812,676     32,337,185
    -------------------------------------------------------------------------
    


    Key accomplishments in 2006 were the successful completion of the merger
with Z28 Capital Corp. and raising $4.42 million of total funding over the
course of the year. This, coupled with the Company's listing on the TSX
Venture Exchange, enables the Company to accelerate its business plan and
attract world-class talent.
    Other significant events from 2006 include signing an agreement with
Sympatico MSN to test the commercial beta release of the YellowPages(TM)
Windows Live(R) Messenger system in Canada; being engaged by Microsoft
Corporation to design and build MSN Instant Messenger(TM) hosted event agents
for their MIX 06 and Tech-Ed conferences; deploying the commercial beta
release of the YellowPages(TM) Windows Live(R) Messenger system in Canada;
and, concluding successful negotiations with a US-based print and online
directory partner, with the finalization of a definitive agreement pending.
    "The deployment of the YellowPages(TM) Windows Live(R) Messenger service
in Canada provides a solid platform as we continue to execute our business
plan," said John Lowe, illumiCell's CEO. "We are attracting top caliber
industry talent like John Shillington and we are growing our pipeline of
potential distribution partners. In the immediate future, we are looking
forward to expanding into the US, a key market for any company with a global
opportunity."

    About illumiCell
    ----------------
    illumiCell Corporation (www.illumicell.com) has developed the first local
search service that works over Microsoft Windows Live(R) Messenger.
Headquartered in Calgary, AB, Canada, illumiCell trades on the TSX Venture
Exchange under the symbol ICC.

    Forward Looking Statements
    --------------------------
    Certain statements in this release, other than statements of historical
fact, may include forward-looking information that involves various risks and
uncertainties. There can be no assurance that such forward-looking statements
will prove to be accurate. Actual result and future events could differ
materially from those anticipated in such statements. These and all subsequent
written and oral forward-looking statements are based on the estimates and
opinions of management on the dates they are made and expressly qualified in
their entirety by this notice. The Company assumes no obligation to update
forward-looking statements should circumstances or management's estimates or
opinions change, other than as required pursuant to applicable securities
laws.

    illumiCell's Year End Financial Statements and Management's Discussion
and Analysis can be found on www.sedar.com.

    The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.





For further information:

For further information: Andrew Osis, CFO & Director, illumiCell
Corporation, (403) 313-3719, andrew.osis@illumicell.com; MEDIA CONTACT: Ashley
Audrain, The Bohle Company for illumiCell, (310) 785-0515, Ext. 206,
ashley@bohle.com

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