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Intercap Announces Changes in Directors and Update to Private Placement

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2014-01-21 22:21:34 -

Edmonton, Alberta CANADA, January 21, 2014 /FSC/ - INTERCAP eCommerce Inc.(the "Company" or "Intercap") (NEX:IEG.H), announces that Mr. Wenzhou Zhang has tendered his resignation from the Board of Directors effective January 15, 2014 to attend to his other business commitments. Mr. Zhang joined the Company in July of 2008 and the Board of Directors wish to thank Mr. Zhang for his substantial contributions and dedicated service to Intercap over the past years as a member of the Board.

CEO, President and Director Mr. Guoming Zhang states; "On behalf of the Board of Directors, I would like to thank Mr. Zhang for his commitment, dedication and assistance to the Company and wish him well in his future endeavours."

In addition, the

Company announces that further to the approval by the Company's shareholders to complete a private placement passed at its annual and special meeting held on August 23, 2013, the Company will not be proceeding with such private placement. As certain conditions required as part of the private placement transaction were not satisfied, both Ms. Wai Man (Julie) Cheung and Mr. Herbert Chui have withdrawn their respective consents to become directors of Intercap and therefore they will not be appointed as directors of the Company.

Accordingly, the Board of Directors currently consists of Guoming Zhang, Huifen Zhang and Joseph Wang.

About INTERCAP eCommerce Inc.

INTERCAP is a Canadian public company that is listed on NEX under the symbol IEG.H. INTERCAP is currently pursuing business opportunities.
For more information, please contact:

INTERCAP eCommerce Inc.
Huifen Zhang

Telephone: (780)487-9978
Facsimile: (780)487-9918

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view this press release as a PDF, please click on the following link:

Source: Intercap eCommerce Inc. (IEG - TSXV)
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Fred Gautreau
Phone: 14037173898

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