Innovative Coatings Corporation Receives Foreign Patents for StuccoLook Exterior and Interior Coatings, Architectural Moldings, and Retrofit Coating of Existing Buildings


ATLANTA, Jan. 9, 2003 (PRIMEZONE) -- Innovative Coatings Corporation (OTCBB:IVGC), a developer, manufacturer, marketer and distributor of unique polymer-based coatings for industry announced today that it has been issued patents by Australia and New Zealand covering Innovative's new StuccoLook(tm) exterior and interior coating system for new and existing construction as well as the coating of foam shapes for use as architectural trim within the interior or on the exterior of buildings.

Mr. Jerry Phillips, President of Innovative Coatings Corporation said, "The issuance of these patents further strengthens the value of our unique coating systems in international markets as well as domestically. Although our US patent applications are still pending, the issuance of patents by both Australia and New Zealand validates the uniqueness of our coating systems. We are excited about the prospects of pursuing license agreements with potential applicators within these two countries."

Innovative Coatings Corporation's light weight, high strength StuccoLook(tm) coating process prevents moisture intrusion while giving the consumer a genuine stucco look. The coating can be applied to new commercial construction, factory housing construction, or to existing construction.

About Innovative Coatings Corporation

Innovative Coatings Corporation has developed patented and proprietary formulations and application methods of polyurea-based polymer coatings. These coating have hundreds of potential uses due to their extreme tensile strengths and elasticity, no volatile organic compound emissions, and quick cure times.

The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors, including general economic conditions, consumer spending levels, competitive activity, government regulations, adverse weather conditions and other factors could cause actual results to differ materially from the Company's expectations. These risk factors and additional information are included in the company's reports on Form 10K and 10Q on file with the Securities and Exchange Commission.

For Information about Innovative Coatings Corporation on the Internet, see www.instachem.com or call Mr. Jerry Phillips, President and CEO, 770-919-0100.



            

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