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ICC TECHNOLOGIES COMPLETES PRIVATE PLACEMENT PROGRAM; ADDITIONAL $657,000 INCREASES TOTAL NET PROCEEDS TO $2.44 MILLION

 PHILADELPHIA, April 22 /PRNewswire/ -- ICC Technologies, Inc. (NASDAQ: ICGN), a leading developer of air conditioning and climate control systems for supermarkets, department stores and other commercial and industrial buildings, announced today the closing of the final stage of a private placement program. The company received total net proceeds of $2,440,349 for shares of unregistered common stock at a price of $1.50 per share. This includes $1,783,713 in the first stage which was announced on March 23, 1993. The new stock issued in the private placement may be registered after six months. This transaction was arranged by Tamaron Investments, Inc. and Neidiger, Tucker, Bruner, Inc.
 Irwin Gross, chairman of ICC, said, "With the closing of this private placement program at the maximum level, ICC's total assets now exceed $2.5 million with $1.1 million in cash, a current ratio of 2.57 to 1, only $300,000 in long term debt and stockholders equity of $1.3 million.
 "These additional funds will accelerate the marketing of our new gas-powered air conditioning system which has no compressor, is completely free of ozone layer destructive refrigerants such as CFCs and operates with more fresh air to eliminate the effects of the `sick building' syndrome."
 -0- 4/22/93
 /CONTACT: Albert Resnick, director of ICC Technologies, Inc., 215-625-0700/
 (ICGN)


CO: ICC Technologies, Inc. ST: Pennsylvania IN: SU:

TS-OS -- NY104 -- 9607 04/22/93 15:05 EDT
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Date:Apr 22, 1993
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