ITC Intercontinental Mining (Tier2)

International Technologies Corporation ("ITC") (TSX VENTURE:ITI), today reported
its unaudited financial results for the first quarter ending March 31, 2008.


Revenues were $1,088,951 for the first three months of 2008 compared to
$3,112,066 in the period ending March 31, 2007. The Company had contracted a
backlog of orders worth over $2.0 Million however due to production and supplier
delays, it was unable to convert the orders into revenue.


"As we maintain a strong commitment to reshaping and restructuring the company,
we are diligently working with suppliers to execute supply and distribution
agreements that will add more product lines and reduce operating costs," said
Michael Uhm, President and CEO. He continued, "Despite the obstacles, we
continue to seek out and intend to implement strategic methods of growth. Our
restructuring plan includes direct ownership of digital manufacturers and
implementing promotional programs that will enhance the prominence of our
brands."


ITC has been working with suppliers on new product lines and anticipates
launching later in the year a "water free" digital audio / video player and an
ICD player enabling downloads directly from compact discs resulting in higher
sound quality.


The Company's gross margin was $78,204 for the three months ended March 31, 2008
compared to $876,424 or 28.1% a year earlier. The decrease in gross margin is a
direct result of the company's Korean supplier neglecting its obligations, as
mentioned above. In the short term, the Company was forced to source products
from other manufactures which resulted in lower gross margins. ITC has
subsequently established commitments with new suppliers enabling it to maintain
margins in the future as it had in previous years.


EBITDA was ($318,856) or ($0.02) per share for the quarter ended March 31, 2008,
compared to $222,734 or $0.01 per share for the same period in 2007. ITC had a
net loss of ($323,939) or ($0.02) per share for the three months ended March 31,
2008, versus $141,437 or $0.01 per share in the first quarter of 2007.


In 2008, ITC anticipates aligning itself with new suppliers, introducing new
products, increasing its retail customer roster and executing on global
expansion opportunities to increase its overall performance.


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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