TORONTO, Feb. 16 /CNW/ - Innovative Composites International Inc.
(TSX-V:IC) ("ICI" the "Company") is pleased to announce that it was named one of the Top 50 companies
listed on the TSX Venture Exchange for 2011. The Top 50 is a ranking
of the strongest companies as of December 31st, 2010, and acknowledges emerging companies that have seen tremendous
growth over the past year and are identified as leaders in five
The selection process begins with the 2,154 companies listed on the TSX
Venture and the top 50 are identified based on four equally weighted
criteria that include return on investment, trading, analyst coverage
and market capitalization growth.
The TSX Venture Exchange Top 50 are grouped in five industry sectors:
Clean Technology, Diversified Industries, Mining, Oil & Gas, Technology
& Life Sciences. ICI is ranked third in the Clean Technology sector.
"We are extremely proud and honoured to have made this list," said ICI's
President and CEO Terry Ball. "This ranking is a validation of the
tremendous effort that our management team has put forth, and
recognition that the execution of our business plan is meeting
shareholder expectations," he said.
About Innovative Composites International Inc.
Headquartered in Toronto, Canada, ICI is a high-tech engineering and
manufacturing company established in 2007 by a group of entrepreneurs
with a successful track record in commercializing advanced materials.
The Company is currently focused in two areas: Structure LiteTM panels, a unique line of application-ready structural composite panels
and Hero 451TM, a line of environmentally friendly fire inhibitors and suppressant.
ICI's goal is to deliver products that exceed industry standards with
greater durability, strength, flexibility and safety.
ICI is partnering directly with leaders in its target industries as it
considers it to be the fastest way to bring products to market. ICI's
customized solutions are intended to provide partners with material
advantages over their competitors.
To find out more about Innovative Composites International Inc.
(TSX-V:IC ), please visit our website at http://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
SOURCE Innovative Composites International Inc.
For further information:
Chief Financial Officer
(416) 646 0754
Brisco Capital Partners