International Card Establishment Details Positive Outlook for 2005 CAMARILLO, Calif., June 22 /PRNewswire-FirstCall/ -- International Card Establishment, Inc. (I.C.E.) (OTC:ICRD) (BULLETIN BOARD: ICRD) detailed the company's outlook for 2005, including expectations for solid financial performance from its bankcard unit. "After working assiduously for the past 18 months to put our direct bankcard processing operation in place, we are now in a position where we can actively recruit Independent Sales Organization (ISO's) and independent bankcard agents serving the small to medium-sized merchant marketplace," said William Lopshire, CEO, I.C.E. "Adding in the continued strong performance of our leasing subsidiary GlobalTech Leasing and steady performance from our gift and loyalty unit, Neos Merchant Solutions, we have finally put into place all of the pieces that we originally devised when we launched I.C.E. as a true "one-stop" solution for comprehensive transaction processing requirements of merchants." I.C.E. expects that its 2005 revenues will be within a range of $25 million to $30 million and further expects to attain profitability by year end 2005. The company expects its bankcard unit, which recently signed Foresite Merchant Solutions, to be an integral part of the consolidated growth of I.C.E. About I.C.E. I.C.E. is a rapidly growing provider of diversified products and services to the electronic transaction processing industry. I.C.E. provides direct processing services to ISO's and independent bankcard representatives; establishes merchant accounts for businesses that enable them to accept credit cards, debit cards and other forms of electronic payments; supplies point-of-sale systems; facilitates processing; and, markets a proprietary "Smart Card"-based system through its wholly owned Neos Merchant Solutions subsidiary (http://www.neosmerchant.com/) that enables merchants to offer store-branded gift and loyalty cards. I.C.E. also provides leasing services to the point-of-sale industry through its GlobalTech Leasing subsidiary. (http://www.globaltechleasing.com/) Forward-Looking Statements This press release may contain forward-looking statements that are subject to risks and uncertainties. Important factors which could cause actual results to differ materially from those in the forward-looking statements, include but are not limited to: the company's short operating history which makes it difficult to predict its future results of operations; the company's initial history of operating losses with possible future losses which could impede its ability to address the risks and difficulties encountered by companies in new and rapidly evolving markets; the company's future operating results could fluctuate which may cause volatility or a decline in the price of the company's stock; the possibility that the company may not be able to price its services above the overall cost causing its financial results to suffer; and other factors detailed in this press release and in future company filings with the Securities and Exchange Commission, at such time as the company is required to report its results of operations under the Securities Exchange Act of 1934, as amended. DATASOURCE: International Card Establishment, Inc. CONTACT: William Lopshire, Chief Executive Officer, I.C.E., 1-877-689-4309, ; or Investors - Philippe Niemetz, WPH Consultants, Ltd., 1-800-477-757, +1-212-344-6464, , for I.C.E. Web site: http://www.neosmerchant.com/ http://www.globaltechleasing.com/

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