IC International Corona Capital Corp

TORONTO, Aug. 15, 2012 /CNW/ - Innovative Composites International Inc. ("ICI" or the "Company"), (OTCQX: ICIZF, a producer of proprietary composite products announced today that it will hold a conference call to discuss its third quarter 2012 financial results on Wednesday, August 29, 2012 at 10:00 a.m. ET.  The Company expects to report its financial results on Tuesday, August 28, 2012 after market close. To access the conference call by telephone, dial 647-427-7450 or 1-888-231-8191.  Please connect approximately 15 minutes prior to the beginning of the call to ensure participation.  A question and answer session for analysts and institutional investors will follow management's presentation. A taped replay of the conference call will also be available to listeners until 12:00 a.m. Tuesday, September 5, 2012.  To access the rebroadcast, please dial 416-849-0833 or 1-855-859-2056 and enter passcode 21542619, followed by the number sign. ICI also wishes to provide a clarification regarding its recently received approval from the TSX Venture Exchange (the "Exchange") to extend the term of certain share purchase warrants (the "Warrants").  On May 11, 2012, ICI announced Exchange approval to extend the term of 2,043,245 Warrants, which were set to expire on June 17, 2012, by six (6) months.  The number of Warrants affected by the term extension has been revised upwards to 2,080,745.  All other information regarding the Warrants previously released by the Company remains the same.    About Innovative Composites International Inc. Headquartered in Toronto, Canada, Innovative Composites International Inc. (OTCQX: ICIZF) 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 prefabricated modular housing, shelters and containers, and industrial applications. Led by a management team with extensive commercialization experience, ICI has adopted a two-tier business model:  It designs and manufactures products and partners with established companies in its target markets to utilize their sales channels for faster product roll-out. The superior characteristics of its products provides ICI with opportunities to establish and grow significant, sustainable, and diversified sources of revenue in its target markets. To find out more about ICI please visit our website at: www.innovativecompositesinc.com. Follow us on www.waggle.ca 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 projections."   Innovative Composites International Inc. CONTACT: Sam GreissChief Financial Officer(416) 646 0754sgreiss@innovativecompositesinc.com

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