International Consolidated Companies, Inc. Signs Letter of Intent to Acquire Hebei Jiasheng Pharmaceutical & Chemical Limited Co. With (Unaudited) USD $40 Million in Revenue, USD $4 Million Net Profit and USD $50 Million in Assets

SARASOTA, FL--(Marketwire - January 28, 2008) - International Consolidated Companies, Inc. (OTCBB: INCC) announced today that it has executed a Letter of Intent (LOI) to acquire Hebei Jiasheng Pharmaceutical & Chemical Limited Co. and its subsidiaries located in Shijiazhuang City, Hebei Province Peoples Republic of China.

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