Innovative Composites Named to 2012 TSX Venture Top 50

- Announces Annual General Meeting Date & Location -

TORONTO, Feb. 16, 2012 /CNW/ - Innovative Composites International Inc. ("ICI" or the "Company"), (TSXV: IC) (OTCQX: ICIZF, a producer of patented protected composite products targeting the multi-billion dollar prefabricated modular housing and transportation markets, is pleased to announce that it was named one of the Top 50 companies listed on the TSX Venture Exchange for 2012. The Company ranked sixth in the Clean Technology sector.

"We are honoured to be named to the TSX Venture Top 50 list for the second consecutive year," said ICI's President and CEO Terry Ball, "This achievement was the result of the tremendous work done by our management team, in the execution of our business plan."

About the TSX Venture Top 50
The Top 50 ranks the strongest performers as of December 31, 2011 on the Venture Exchange. It acknowledges companies that have excelled over the past year and identifies the top 10 leaders in five industry sectors: Clean Technology, Diversified Industries, Mining, Oil & Gas, and Technology & Life Sciences.  These companies are ranked according to:

• Market Capitalization Growth
• Analyst Coverage
• Share Price Appreciation
• Trading Volume.

Annual General Meeting & First Quarter Results FY2012
ICI invites all interested parties to attend its Annual General Meeting FY2011. The meeting will be held on Tuesday, March 6, 2012 at 4:30 p.m. ET at the Westin Harbour Castle, 1 Harbour Square, Toronto, Ontario, M5J 1A6, in the Dockside 1 Room.

ICI intends to release its first quarter results FY2012 mid to late March to accommodate for the adoption of IFRS reporting.

About Innovative Composites International Inc.
Headquartered in Toronto, Canada,  Innovative Composite International Inc. (TSXV: IC) (OTCQX: ICIZF) is a high-tech engineering and manufacturing company that is successfully commercializing a patent protected line of state-of-the-art composite products targeted at the multi-billion dollar transportation and prefabricated modular housing markets.

Led by a team of commercialization experts ICI has adopted a tier two business model:  It designs and manufactures game-changing products and partners with established companies in its target markets to utilize their sales channels for faster product roll-out.

This strategy and the superior characteristics of the products have resulted in rapidly growing sales in both markets and opened up opportunities that could lead to large scale contracts on an ongoing basis.

To find out more about ICI please visit our website at: www.innovativecompositesinc.com.

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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

"Statements made in this press release include forward-looking statements that involve a number of risks and uncertainties. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements, such as the economy, generally, competition in its target markets, the demand for ICI's products and the availability of funding. These forward-looking statements are made as of the date hereof and ICI does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from ICI's expectations and projections."

Ilja Troitschanski
Chief Financial Officer
[phone]
[email protected]om

or

Philip Dale
TMX Equicom
[phone] ext 253
[email protected]