Innovative Communications Technologies, Inc. and Time Warner Telecom Sign Agreement.

Business Editors

SEATTLE--(BUSINESS WIRE)--Feb. 17, 2004

Time Warner Telecom (Nasdaq:TWTC) and Innovative Communications Technologies, Inc., (OTC:ICTN) signed a fiber-optic delivery and referral agreement that offers both companies the ability to achieve enhanced competitive advantages. Time Warner Telecom (TWTC) currently delivers local services to Innovative Communications Technologies (ICT) in Seattle and Portland over its regional fiber networks and has plans to deliver services to ICT facilities in San Diego and Tucson over the next two years. As the companies continue to work together, other opportunities exist for ICT to deliver similar infrastructure in all 44 markets where Time Warner Telecom currently operates.

Time Warner Telecom's national footprint provides ICT with the ability to utilize TWTC's metro city fiber, and 800 Gbps regional fiber networks as an integral component of its self-contained GPTN. TWTC and ICT plan to leverage each other's strengths in executing the agreement to capture previously unavailable and extremely competitive segments of business.

"Time Warner Telecom is in the position to take advantage of technologies and trends in the industry. They are particularly capable and experienced with integrating flexible services with non-traditional applications such as ICT's," said Barry Henthorn, CEO of ICT.

"There's a lot of synergy between Time Warner Telecom and ICT," said Joseph Wells, vice president and general manager for Time Warner Telecom's Seattle operations. "We'll be able to scale capacity to meet the needs of ICT's technology far faster than competitors, while providing them a footprint to help penetrate new markets."

About the Company

Since 1989, Innovative has been a pioneer in the development and positioning of private telecommunications networks for businesses. Innovative's proprietary technology and alliances with industry leaders now place the company at the forefront of the telecommunications industry. The GPTN technology combines proprietary leading-edge packet switching technology and dedicated fiber-optic networks with Innovative's Voice Over Packetization Technology (VOPT). VOPT uses packet switching instead of traditional circuit switching when routing calls. Customers use their existing equipment and pay only a fixed monthly rate, eliminating per-minute billing and the long-distance carrier. For more information visit the company's website at www.ict.net

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This news release contains forward-looking statements, including statements regarding Innovative's expectations about successfully expanding its GPTN business and securing significant additional customers for its products or services. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from future results expressed or implied in such statements. These risks and uncertainties include the inability to manage expected growth, the loss of a large customer, the failure to realize the increased revenues and improved operating margins that the Company has associated with sales of GPTN, the loss of any key personnel, tightening regulation of the communications technologies and channels used in our systems, our inability to introduce new services that are accepted by the market, the loss or non-performance of our sales representatives, unfavorable results of existing and potential litigation, and the possibility that competitors could develop or acquire technology that could erode Innovative's technical advantages. The Company disclaims any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements contained in this news release.