Rocket City Enterprises, Inc. and The Intellimark Group, Inc. Reach Agreement

ORLANDO, Fla., Oct. 17  /PRNewswire-FirstCall/ -- Rocket City Enterprises, Inc., a Nevada corporation (Pink Sheets: RCTY) announced today that it has completed its internal reorganization.

The Board of Directors has completed the reorganization of Rocket City Enterprises, Inc. and the reorganization and its specifics are pending final shareholder approval.  As a result of the reorganization, The Intellimark Group, Inc. will be carved out and will seek its own listing on the OTCBB.

As part of the carve out, The Intellimark Group, Inc. will provide shares of its common stock to each shareholder of Rocket City Enterprises, Inc., on a one for one basis.  The Intellimark Group, Inc. will also have a defined period of time to file an appropriate registration statement with the Securities & Exchange Commission to register these shares.

While all aspects of licensing, revenue sharing and share exchange between the two entities are still being finalized and are subject to final shareholder approval, the newly independent The Intellimark Group, Inc. will be its own separate legal entity with its focus squarely on the marketing and sales of the following intellectual property which owns as a result of the carve out: Intellisweeps, echoMark, Autobunga and iMarkPro.  The agreement also includes a licensing agreement that would allow The Intellimark Group, Inc. exclusive rights to eAutoOutlet.

Rocket City Enterprises, Inc. will continue to focus its efforts on the information aggregation, computer programming and software development business for the automotive industry as well as penetration into related industries. Rocket City Enterprises, Inc. will benefit from no longer carrying and supporting the working staff and expense for the sales force, and can focus on product development.  Rocket City Enterprises, Inc. will continue to support The Intellimark Group, Inc. in being a leader in the automotive industry.

Bradley Wilson, CEO of Rocket City Enterprises, Inc., stated, "Over the last two months we have taken the necessary steps to perfect our corporate governance and decision making within the company. This has resulted in the finalization of the carve out of The Intellimark Group, Inc. from Rocket City Enterprises, Inc.. This will allow both entities to focus on what they do best, and will save funds for both entities, which will benefit all shareholders.  Rocket City Enterprises, Inc. will continue to seek the right business opportunities here in the US and abroad."

As of the date of this press release, Rocket City Enterprises, Inc. has total common shares outstanding of 153,537,507 and of these 128,201,313 are restricted shares.

About Rocket City Enterprises, Inc.

Rocket City Enterprises, Inc. develops web-based marketing solutions based on proven methodologies which are easily integrated with existing technologies to improve the results of an automotive retailer's web assets. These solutions are designed to be efficient, cost effective and easy to implement. Perhaps most importantly, the solutions would have to deliver sustainable results within the complex dynamics of the automotive retail environment. Over an arduous eighteen month period, Rocket City Enterprises, Inc. methodically researched, designed, developed and extensively field tested their technology empowered concepts' ability to deliver the desired results. Their commitment to excellence has resulted in highly scalable, market-ready ASP applications (based on a common platform) which accomplish their stated objectives and have proven to be effective results-producing tools for automotive retailers across the brand spectrum.

For more information, please visit: http://www.theintellimarkgroup.com/  and http://www.rcau.com/.

CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS. This press release contains "forward-looking statements," which are statements related to future, not past, events. In this context, the forward-looking statements often include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future acquisitions and business strategy, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks" or "will." Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things: (a) general economic and business conditions, (b) the level of strategic partner incentives, (c) the future regulatory environment, (d) our cost of financing, (e) our ability to complete acquisitions and dispositions and the risks associated therewith, and (f) our ability to retain key personnel. These factors, as well as additional factors, could affect our forward-looking statements. We urge you to carefully consider this information. We undertake no duty to update our forward-looking statements, including our earnings outlook.

  Investors Contact:
  Rocket City Enterprises, Inc.
  174 West Comstock Ave  Suite 113
  Winter Park, FL  32789
  Bradley Wilson CEO
  [phone]


DATASOURCE: Rocket City Enterprises, Inc.



CONTACT:  Bradley Wilson, CEO Rocket City Enterprises, Inc.,

[phone]



Web Site:  http://www.rcau.com/

http://www.theintellimarkgroup.com/ 

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