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ICT TECHNOLOGIES REPORTS FINANCIAL RESULTS FOR FISCAL YEAR ENDED DECEMBER 31, 2006 AND PROVIDES FIRST COMPREHENSIVE DESCRIPTION OF THE COMPANY’S THREE BUSINESS SEGMENTS

PORT CHESTER, N.Y., August 8, 2007 – ICT Technologies, Inc. (ICTT.PK), today announced that it has filed its Annual Report, Form 10-KSB, with the U.S. Securities and Exchange Commission. The Report includes the Company’s financial results for the fiscal year ended December 31, 2006 and provides the first comprehensive description of the Company and its three wholly owned subsidiaries: Europhone USA, LLC (“Europhone”), Eurospeed Inc. (“Eurospeed”) and Eurokool Inc. (“Eurokool”), (together called the Euro Group of Companies).

ICT Technologies is still in development and 2006 is the first year in which revenues resulted from its new business sectors which became operational in the final months of FY 2006. Net sales for 2006 derived primarily from the sale of motor scooters by Eurospeed and sales of cell phones and telecommunication services by Europhone. In 2007, ICT Technologies anticipates revenues from all of its three divisions, including Eurokool, which markets and distributes air conditioning units, plasma flat screen televisions and other consumer electronics manufactured for the Eurokool brand.

Mr. Vasilios Koutsobinas, CEO of ICT Technologies, Inc., said, “We are very pleased to complete the filing of our financial report for Fiscal Year 2006. This is an important step in the Company’s development and we expect to continue to file our financial information regularly, going forward, eventually qualifying us for listing on the OTC Bulletin Board. ICT Technologies is assembling a group of companies that offer high quality, innovative products with strong appeal to growing international markets. We are building a strong business foundation for our subsidiaries, and we expect to see notable financial growth for each of them in the coming year.”

The 10-KSB describes ICT Technologies’ subsidiaries and the Company’s plans for expanding them:

Europhone USA, LLC: Europhone markets phones and related hardware and sim chips under the Eugro, Eugro Mobile and Europhone brand names. It contracts with two manufacturers in China for production of its dual sim chip GSM phones, which will be sold along with other phone handsets in the United States, Greece, Cyprus, Spain, the United Kingdom, Bulgaria and Dominican Republic. Europhone also has distribution agreements to sell Europhone’s prepaid cellular phones and services in the U.S. Agreements with numerous distributors have generated orders of approximately $1.5 million for 2007-2008 and ensure that the Company is not dependent on any one or few distributors for its success.

The Company is also making and selling what it believes is a unique sim chip, which is a cell phone insert that can be used throughout the world to allow a cell phone user to maintain one phone number during international travel.

Eurospeed Inc.: The Company has manufacturing relationships in China to produce motorcycles and scooters which are sold in the United States and Europe under the Eurospeed brand. Previously the company has sold these products in Greece. Going forward they will also be sold in the United States and Israel through Eurospeed U.S.A., Inc., an affiliate of Healey Ford of Ansonia Inc. Eurospeed U.S.A. Inc. is registered in all states that require registration to distribute motor vehicles except California, Alaska and Hawaii. The Company has obtained a VIN number from the U.S. Department of Transportation, and plans to assemble motorcycles and scooters in the U.S.by early 2008. (Eurospeed USA Inc. is an independent private company and is not an owned affiliate or subsidiary of ICT Technologies, Inc. For more information, please visit www.eurospeeddealer.com.)

Eurokool Inc.: Eurokool distributes air conditioners manufactured under the Eurokool brand name by partners in China. The Company believes the quality and design of the products competes favorably with products from prominent international brands. The Company has received Underwriters Laboratories (UL) and other appropriate government and agency regulatory approvals for the sale of five air conditioning models.

Eurokool also partners with South Korean manufacturers to produce flat screen televisions which it distributes through retailers in the United States and in Europe.

About ICT Technologies

ICT Technologies, Inc., through its subsidiaries – the Euro Group of Companies – comprises a diversified portfolio of operating companies that provide the latest products and services in Telecommunications, Transportation and Consumer Electronics. The Euro Group’s operations span three continents, with production facilities in China and distribution operations in Europe and the United States, and with headquarters in Port Chester, N.Y. Marketing and distribution activities for Euro Group’s products are directed through their parent company ICT Technologies, Inc. For more information, please visit www.icttechnologies.com.

Certain statements in this press release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use words such as “anticipate,” “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “intend,” and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. The Company’s future operating results are dependent upon many factors, including but not limited to the Company’s ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company’s control; and (iv) other risk factors discussed in the Company’s periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under “Search for Company Filings.”

CFSG1 has an agreement to provide ICT Technologies Inc (“the Company”) with consulting, business advisory, investor relations, public relations and corporate development services. In accordance with this agreement, CFSG1 receives cash compensation from the Company. CFSG1 may also choose to purchase the Company’s common stock (in the open market) and thereafter liquidate those securities at any time it deems appropriate to do so. For more information please visit www.cfsg1.com.

Contacts:

ICT Technologies

Anna Aspras

President of Operations

Ph: 1-914-937-3900

Fax: 1-914-937-4100

Email: aa@icttechnologies.com

Web site: www.icttechnologies.com

Investor Relations:

Stanley Wunderlich, CEO

Consulting for Strategic Growth 1

Tel: 1-800-625-2236

Fax: 212-337-8089

Email: swunderlich@cfsg1.com

Web site: www.cfsg1.com

Media Relations:

Daniel Stepanek

Consulting for Strategic Growth 1

Tel: 1-212-896-1202

Fax: 1-212-697-0910

Email: dstepanek@cfsg1.com

Web site: www.cfsg1.com