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SHORT VERSION

Ramapo Valley Brewery to open new brewery in Canada

The new brewery is expected to reach sales of over 4 million in the first year, rising to over 11.5 million by the close of 2009.

LONG VERSION

ICBM -- ICBS, Ltd.
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COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

Ramapo Valley Brewery to open new brewery in Canada

NEW YORK, NY and MONTREAL, QC, July 18, 2007 /PRNewswire-FirstCall via COMTEX/ -- ICBS Limited (ICBS) (Pink Sheets :ICBM) a business development and financial management firm located in New York and Montreal, today announced plans to open new brewery in Canada.
ICBS, under its fully owned Ramapo Valley Brewery Canada Ltd., plans to open a new brewery to be located just outside Montreal Quebec.

The new brewery is being built to supplement the demand for the Ramapo Valley Brewery beers especially the HB Gluten free beer, and its Skull Crusher brands in the U.S. as well as the Canadian and International markets. The new brewery is expected to help boost the production capabilites of Ramapo Valley Brewery in New York.

The new brewery is expected to reach sales of over 4 million in the first year, rising to over 11.5 million by the close of 2009.

Ramapo Valley Brewery (Canada) Ltd., will open new markets in Italy, the U.K., and China by 2009.

'This new brewery will allow us to expand our operations to meet the ever increasing market demand for our beers' ,said Garth McIntosh, President and CEO of ICBS.

The building of the new brewery will be under the direction of Micheal Gauthier, master brewer who is also a member of the board of directors of ICBS.

Mr. Gauthier is one of the most experienced brew masters in North America. He is also President of Maska Laboratories, a company that specializes in the design of new beer formulations, quality control and testing.

Ramapo Valley Brewery has made inroads in China, which has a large demand for Canadian made beers. The company is expected to visit China in late Septemeber or early October of 2007.

About ICBS Limited.

ICBS Limited is an investment and business development company that currently owns positions or Joint Ventures in the following companies;



ADNST Communications Ltd. www.adnstcom.com

Ramapo Valley Brewery Ltd., www.rvbrewery.com

Ramapo Valley Brewery (Canada) Ltd.

Northern Lights Airlines Ltd. www.northernlightsairlines.com

Canadian Bio Med Systems Inc. www.canadianbiomed.com

You can visit ICBS at; www.icbs.ca


NB. This news release includes statements that constitute forward-looking statements. Please be aware that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of any number of factors, including the risk factors contained in the Company's disclosure documents.
SOURCE Inter Canadian Business Service



CONTACT: Garth McIntosh, President & CEO, 888-932-4402; www.icbs.ca; Source: ICBS Limited

URL: http://www.prnewswire.com
www.prnewswire.com

Copyright (C) 2007 PR Newswire. All rights reserved

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KEYWORD: Quebec
INDUSTRY KEYWORD: FIN
SUBJECT CODE: PDT

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