International Technologies Corporation ("ITC") (TSX VENTURE:ITI) today reported
its audited financial results for the fourth quarter and year ending December
31, 2007.


Revenues for the fourth quarter 2007 were $2,998,681 compared to $4,703,292 for
the same period ending December 31, 2006. The decline in sales in 2007 is a
direct result of a Korean supplier not fulfilling its obligations pursuant to
dealership agreements. As a result the Company was unable to execute on
opportunities that were time critical during the traditionally busier second
half of the year. In 2007, a claim was made against this supplier resulting in a
gain to the Company on the settlement of $1,194,892. A second claim is in
progress against the supplier for $7,734,000.


"It's evident that we had a difficult last few years resulting in disappointing
financial performance. The challenges we continue to face has resulted in a
change of direction in our business plan that includes direct ownership of
digital manufacturers in order to become more competitive as an electronics
provider. We are dedicated to regaining a stronger market position and continue
to look for opportunities to increase promotional and operational efficiencies
going forward," said Michael Uhm, ITC's President and CEO.


Gross margin was $133,395 or 4.5% for the three months ended December 31, 2007
compared to $1,094,972 or 23% in the same period a year earlier, a decrease in
margin percentage of 18.7%.


ITC had EBITDA of $817,737 or $0.05 per share for the three months ended
December 31, 2007, compared to $167,882 or $0.00 per share for the previous
quarter in 2006, an increase of $649,855 or $0.00 per share. The Company wrote
off two long term assets and one long term liability in September 2007 returning
a net gain of $3,311,587.


Revenues were $13,460,738 for the year ending December 31, 2007 when compared to
$20,001,107 for the corresponding period in 2006. Industry price declines
continue to affect all members of the electronics supply chain.


Gross profit was $2,177,377 for the twelve months ended December 31, 2007
compared to $4,453,030 for the corresponding period in 2006. The Company
continues to diversify its sales with products at a higher margin such as PMP
devices, in addition to existing product lines of MP3 players, LCD specialty
monitors and televisions.


EBITDA for the twelve months ending December 31, 2007 was $929,243 or $0.05 per
share compared to $1,101,185 or $0.06 per share reported in 2006. Net loss for
fiscal 2007 was ($2,687,178) or ($0.15) per common share compared to ($650,850)
or ($0.04) per common share for the year ending December 31, 2006.


A copy of the complete financial results is posted on SEDAR at www.sedar.com.

About ITC

International Technologies Corporation (www.itcco.com) is a global supplier of
innovative digital audio, multi-media, home entertainment, flat screen
monitors/televisions and other advanced electronics products to the consumer and
commercial market place. ITC also creates private label and OEM brands for its
retail partners. The Company's ability to deliver manufacturer-direct product
provides savings and other significant advantages to its customers.


ITC holds the exclusive rights to distribute MPIO products to the North, Central
and South American markets in addition to Mexico and Australia through its
relationship with Digitalway Korea and has exclusivity on all Hansol Korea LCD
monitors sold to the North American market.


Except for historical information contained herein, this news release contains
forward-looking statements that involve risks and uncertainties. Actual results
may differ materially. Factors that might cause a difference include, but are
not limited to, market acceptance of principal products, the impact of
competitive products and technologies, the possibility of products infringing
patents and other intellectual property of fourth parties, and costs of product
development. ITC will not update these forward-looking statements to reflect
events or circumstances after the date hereof. More detailed information about
potential factors that could affect financial results is included in the
documents filed from time to time with the Canadian securities regulatory
authorities by ITC (This release is not a solicitation to United States
residents to purchase securities in the Company).
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