IC IC Capitalight Corp

Innovative Composites International Inc. (CNSX:IC)(OTCQX:ICIZF) ("ICI", or the
"Company") is pleased to announce that it has closed on its previously announced
line of credit financing with mBank of Michigan in the amount of $1.5 million.
Draws on the line will be governed by a borrowing based formula tied to accounts
receivable and raw materials inventory. Draws on the line extending above
$750,000 being permitted only after ICI meets certain performance benchmarks.
The line of credit is secured by a pledge of accounts receivable, inventory and
cash. Proceeds from the line will be used to assist the Company in fulfilling
its sales orders, and for general working capital purposes. The support of both
the MEDC (Michigan Economic Development Corp) and the MSF (Michigan Strategic
Fund) through their Collateral Support Program has been instrumental in
supporting this financing.


The Company also wishes to announce that it has issued a total of 6,031,421
options to officers, employees and consultants of the Company, each option
having an exercise price of $0.05 and a term of 7 years.


About Innovative Composites International Inc.

Headquartered in Toronto, Canada, Innovative Composites International Inc. is a
high-tech engineering and manufacturing company whose goal is to utilize its
proprietary "green" composite materials and building systems to provide
innovative, engineered product solutions to markets that include automotive and
transportation, shelters and containers, construction and housing, and
industrial applications.


To find out more about ICI please visit our website at:
www.innovativecompositesinc.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Innovative Composites International Inc.
Mark Rivers
Chief Executive Officer
(416) 646 0754
mrivers@ceocapitalcorp.com

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