INNOCOM Signs International Deal With Korean Industry Pioneer to Provide Advanced Mobile Phone System to Chinese Market

Name	Symbol	Market	Type
Franklin Income Focus ETF	AMEX:INCM	AMEX	Exchange Traded Fund

	Price Change	% Change	Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.04	0.15%	26.00	26.055	25.915	26.05	33,320	21:15:01

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SANTA MONICA, Calif., March 7 /PRNewswire-FirstCall/ -- INNOCOM Technology Holdings, Inc. (OTC:INCM) (BULLETIN BOARD: INCM) has entered into a memorandum of understanding with Seoul-based Industry Community Online Service Co., Ltd ("ICOLS") to set up a joint venture in China to promote ICOLS' advanced 3D mobile interoperability system to the large China marketplace. ICOLS is traded on the KOSDAQ Stock Exchange of Korea as 065810. Through the joint venture, INNOCOM and ICOLS are seeking to allow content such as games, MP3 players, television, GPS and other in-demand applications to be easily operated on any mobile device embedded with the partnership's technology. ICOLS is the controlling company of Sinjisoft, well known in South Korea as a pioneering wireless mobile Internet platform & software developer. Sinjisoft is also traded on the KOSDAQ under the symbol 078700. The goal of the partnership is to capture a first-to-market advantage in the emerging Chinese 3G wireless marketplace. China has the largest market in the world, with 443 million mobile phone subscribers, well ahead of the 202 million phone users in the U.S. The Chinese market has only experienced a 30% penetration rate, leaving significant room for growth. Mr. William Hui, Chairman and CEO of INNOCOM said, "This cooperation will allow INNOCOM to incorporate the advanced 3D mobile contents platform (GNEX) of ICOLS into our in-house mobile phone development. It is a strong value-added feature set which will distinguish our products from other less-sophisticated competitors in the upcoming 3G arena. In addition, this cooperation opens up the possibility for INNOCOM to enter into the profitable business of managing and distributing software-based services and solutions, also known as ASP, for mobile phone game content." Seung-hun Lee, CEO of ICOLS, added, "China's immense growth potential and the booming wireless Internet market, which is not yet standardized, could bring fabulous service to the mobile users in China through Sinjisoft's outstanding software technique and the advanced IT infrastructure of INNOCOM." About INNOCOM Technology Holdings, Inc. INNOCOM is a leading mobile communication technology company. They have two principal business lines; mobile phone handset design and trading of mobile phone handsets and components. INNOCOM provides customized mobile phone design services to licensed manufacturers in China. Their services include hardware system design based on chipsets such as integrated circuits sourced from external suppliers, application software design and mobile phone handset casing design. In addition to design services, the company provides sourcing of mobile phone handsets and components for customers on a wholesale basis. About ICOLS ICOLS is a Seoul-based IT systems and software developer traded on the Korean KOSDAQ stock exchange. ICOLS is the overseas agent as well as the controlling company of SINJISOFT Corporation, a developer of mobile wireless content downloading platforms as well as mobile embedded software such as games and GUI. Major customers of SINJISOFT include Samsung and SK Telecom. Safe Harbor Statement Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations. Company Contact: ProPublic Media, LLC. Ashley Hull (310) 450-9100 opt 3 DATASOURCE: INNOCOM Technology Holdings, Inc. CONTACT: Ashley Hull of ProPublic Media, LLC, +1-310-450-9100, opt 3, , for INNOCOM Technology Holdings, Inc.

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INCM Franklin Income Focus ETF