Intelligent Communication Enterprise Letter to Shareholders

Marketwired

SINGAPORE--(Marketwire - 03/16/11) - Intelligent Communication Enterprise Corporation (OTC.BB:ICMC - News) (ICE Corp.) today issued the following letter to its shareholders.Dear Shareholder,Since the current management took charge of the company, we have strived to transform it into a stronger, innovative and profitable entity. Year 2010 has been an eventful and extremely fruitful year for ICE Corp. that involved a complete restructuring at the corporate and organizational level and left the company with a significantly smaller amount of debt which we aim to eliminate this year. Despite the complex restructuring process the company has maintained its market share in all its businesses and even recorded sustained growth towards the end of the year.Over the last several months our focus has shifted gradually towards mobile content -- away from the legacy businesses and more towards higher growth opportunities with higher margins. The company continued to build on its iCEsync platform and launched its beta version under the brand name Modizo in September 2010. This celebrity video blogging platform had a successful launch in Hong Kong, and currently hosts over 250 celebrities. The beta period was a huge success and we are now preparing for the final upgrades to the system before the launch of the full commercial version within the next two months. ICE Corp.'s persistent work on its content partnership arrangements has paid off with deals in India, Hong Kong, Malaysia, China and the Philippines for exclusive celebrity content. In the current year we aim to extend our partnerships to the USA and Europe.Over the coming weeks ICE Corp. will conclude the final pieces of its restructuring which will emphasize its focus on Modizo and related content creation, ownership and distribution. With the completion of our media platforms, ICE Corp. has phenomenal opportunities ahead. Social networks, video content and mobility are key drivers for growth in online entertainment. ICE Corp.'s Modizo platform is a significant first step in our efforts to make a big impact in this space. We are currently working on complementing the Modizo platform with mobile applications and direct mobile distribution of exclusive video content.During 2010, we have strengthened your Board of Directors with the addition of Michael Hosking a leading figure in the Asian event promotion industry, and Viji Rajasundram, an experienced internet business professional.You may write to shareholders@icecorpasia.com for information you may require in addition to what is available on our website.Thank you for your continued support.
Bala Balamurali
CEOAbout Intelligent Communication Enterprise: Intelligent Communication Enterprise Corporation (OTC.BB:ICMC - News) is a Pennsylvania, USA Corporation, with offices in Singapore and Malaysia. It offers a range of innovative enterprise and consumer solutions over the mobile phone. ICE Corp. fully owns and operates the Modizo platform, and the related applications for mobile devices. For more information about ICE Corp. visit http://www.icecorpasia.com.Safe Harbor StatementThis news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions. Actual results may differ materially from the forward-looking statements in this press release, additional risks and uncertainties are identified and described in the Company's SEC reports. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and the Company specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.

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