ICY Icefloe Technologies (Tier2)

icefloe Technologies Inc. ("icefloe") (TSX Venture:ICY) today released its
operating statements for the 3 month and 6 month periods ending June 30, 2007.


- Second Quarter Sales of $939,963, a decrease of $23,095 or 2% from the same
period in 2006. Year-to-date Sales of $1,351,937, an increase of $51,235 or 4%
from the same period in 2006.


- Gross Margin in the Second Quarter of $331,915 or 35% of sales, a significant
improvement of $80,645 or 32% from the same period in 2006. Year-to-Date Gross
Margin of $489,984 or 36% of sales, an increase of $146,451 or 43% from the same
period last year.


- EBITDA loss in the Second Quarter was $20,943 versus a loss of $188,830 in the
same period in 2006. Year-to-date EBITDA loss of $212,676, a 61% improvement
from an EBITDA loss of $548,519 in the same period last year.


- Second Quarter Net Loss of $214,369, an improvement of $334,234 or 61% from
the same period in 2006. Year-to-date Net Loss of $610,517, an improvement of
$345,095 or 36% from the same period last year.


"We are pleased with the progress made on profitability, as seen at the Gross
Margin, EBITDA and Net Loss levels," commented Wayne Newson, icefloe's President
& CEO. "These significant improvements are a result of the Company's continued
focus on developing and commercializing the higher margin icefloe products and
Product Development joint ventures, combined with a continued focus on cost
containment at all controllable levels."


"The relatively flat Sales Revenue is a result of product mix and a change in
purchasing process initiated by a major customer. The Sales Revenue line in 2007
is not a reflection of unit volumes or margin reductions as the profit line
results clearly indicate. We expect continued growth on all measures in the
balance of 2007."


ABOUT ICEFLOE TECHNOLOGIES INC

Founded in March 2001, icefloe is a Canadian- based company dedicated to the
development and commercialization of its proprietary chilling technology which
brings flash chilling capability in a portable form and enables the beverage
industry to serve ice cold draft beer without excessive foam loss, anytime and
anywhere. Since April 2001, icefloe has focused its efforts on securing patents
for its platform technologies, while developing, field-testing, manufacturing
and marketing commercial products using its unique technologies. Its wholly
owned subsidiary, Draught Guys Inc., provides installation, sales and service
for both traditional draft systems and icefloe's proprietary products in the
Ontario market. icefloe commenced trading on Tier 2 of the TSX Venture Exchange
on April 14, 2004 under the symbol "ICY".


For more information about icefloe, please visit the company website at
www.icefloe.com.


Certain information included in this press release is forward-looking and may
involve risks and uncertainties. The results or events predicted in these
statements may differ materially from actual results or events. Factors that
might cause a difference include, but are not limited to, competitive
developments, risks associated with icefloe 's growth, the development of the
beverage market, regulatory risks, intellectual property infringement and other
factors. Unless otherwise required by applicable securities laws, icefloe
disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
More detailed information about potential factors that could affect icefloe's
financial and business results is included in public documents icefloe files
from time to time with Canadian securities regulatory authorities.

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