ICR Systems, Inc. Completes Financial Audit, Retains New Corporate Counsel, and Prepares To Submit Form 10SB


ORLANDO, Fla., July 22, 2004 (PRIMEZONE) -- ICR Systems, Inc. (Pink Sheets:ICRX) announced today that it has received its final 2003 audited financial statements from its auditors Byrd & Gantt CPAs. The audited financial statements are now available online at www.icrsystemsinc.com.

The Company has also retained The Business Law Group as its new corporate counsel on SEC and regulatory matters. J. Bennett Grocock, an AV-rated attorney and Senior Partner of The Business Law Group, will be submitting ICR Systems, Inc.'s Form 10SB to the SEC.

According to ICR Systems Chairman and CEO, Trey Meehan, "We are pleased to begin this next stage of our development in becoming a reporting company. As I have stated before, we look forward to the day that we can move to a larger exchange, thereby creating increased visibility for our company, better transparency for the analysts and greater liquidity for our investors. We will continue to work towards our ultimate goal of listing with either the Nasdaq or American Stock Exchange in the future. This Form 10SB filing is simply another step that demonstrates to our current and potential investors that we are proceeding according to plan."

"SAFE HARBOR":

This press release may contain forward-looking statements. The words "estimate", "possible" and "seeking" and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.


            

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