International Consolidated Companies Inc (INCC)

[jackPOTday]

http://www.stjamesremedies.com/news
enver, CO - April 5, 2016 MT

International Consolidated Companies (OTC: INCC) today provides it shareholders with an update on the acquisition of certain assets of INCC by St. James Remedies (SJR).

In the course of due diligence in preparation of the sale of INCC’s patents to St. James Remedies it was discovered that the patents had expired due to the inadvertent non-payment of maintenance fees.

INCC has agreed to include additional trade secret information in the sale to SJR in light of this information. SJR will still acquire the patents and will purchase them as is with the right to petition the Patent and Trademark Office to accept the late payment of maintenance fees and have the patents reinstated. Consideration for the transaction remains 2,000,000,000 (Two Billion) shares of SJR and the assumption of certain debts by SJR.

Due to an increase in the number of outstanding INCC common shares, Antonio Uccello will gift a block of SJR shares personally owned, to be added to the 2,000,000,000 consideration shares, to be registered on an S-1 registration statement, in order to maintain a 1 for 1 dividend ratio. INCC has also set a new record date for the dividend. Shareholders of record as of April 29, 2016, will be entitled to receive the dividend of SJR shares once the shares are registered.