Intelligent Motor Cars Group Announces 7-for-1 Forward Split

FORT LAUDERDALE, Fla.--Dec. 1, 20043, 2004--Intelligent Motor Cars Group Inc. (OTCBB:IMCG), today announced that, through a board resolution on 12-9-04, its Board of Directors has declared a 7-for-1 stock split in the form of a common stock dividend to shareholders of record. As a result, shareholders of record will see seven additional shares for each share held as of the close of business on record date. The effective date will sometime during 1st quarter 2005, with the actual date to be announced after 1st of year.

Mike Magolnick, IMC's chief operating officer, stated, "We are delighted to reward our shareholders for their investment with this stock dividend. The decision was driven by several factors, including our confidence in the Company's improving fundamentals and future opportunities, as well as an indication to our shareholders and interested investors that we consider the market prospects for the Company to be excellent."

About Intelligent Motor Cars Group Inc.

Intelligent Motor Cars Group Inc., through its wholly owned subsidiary, Intelligent Motor Cars Inc. d/b/a Sun Auto Sales and Leasing, is a diverse South Florida car company, which provides, among other services, sales, service, reconditioning and financing. In addition to retail sales, IMCG is also engaged in wholesale, auction and Internet programs to market and sell vehicles to the financially challenged consumer market.