Cross Capital Fund, LLC Invests $2.5 Million in Intelligent Motors Cars Inc.

FORT LAUDERDALE, Fla.--March 9, 2005--Intelligent Motor Cars Group Inc. (OTCBB:IMTR) announced today that Cross Capital Fund, LLC has made a $2.5 million investment in Intelligent Motor Cars Group Inc.

Jerry Scalzo, CEO of Intelligent Motor Cars, said, "This is a very exciting time for us with great expectations for growth this year; we have been working on securing this funding since March 04. Cross Capitol's investment will allow us to complete potential acquisitions and work all facets of our business plan by effectively working our retail, wholesale and the re-launch of our buy-here pay-here division. I can not place enough emphasis on the importance of the buy-here pay-here program, which permits us to capture the greatest benefit from our efforts, including the ability to accept more deals and maximizing the profits of each sale, resulting in increased revenue, earned interest and bottom line profit."

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.

About Cross Capital Fund, LLC:

Cross Capital Fund, LLC is a unique hedge and investment fund intended specifically for investments in small-cap and micro-cap publicly traded companies. The Fund's unique and proprietary investment structure is patent-pending. Cross Capital makes investments from $500,000 to $5,000,000. The Fund is structured to assist public companies in executing their business strategies including securing a listing on either NASDAQ Small Cap or The American Stock Exchange. The Fund is designed to provide its investor companies with (1) immediate balance sheet enhancement, (2) capital gains potential (3) asset diversification and (4) monthly cash distributions. Unlike a traditional hedge fund in which investments are made in cash, investor companies make investments in the Cross Capital Fund by issuing newly issued preferred shares. The preferred shares are dollar denominated and are convertible at a 5% discount fixed to each of four investment dates.

The membership interest in the Fund that investors receive, in exchange for their investment, represents an ownership in the Fund. This membership interest, which represents a pro-rata percentage of the market value of all the securities held by the Fund, will represent an asset, which can be carried on the investors' (public companies') balance sheets. The Fund is audited by the New York City audit firm of Marcum & Kliegman LLP.

Forward-Looking Statements

Certain statements in this press release constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Intelligent Motor Cars Group Inc. ("the Company"), or automobile related industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements, including that the Company's current revenue levels are not necessarily indicative of its future revenue levels or future financial performance. The Company's future operating results are dependent upon many factors, including but not limited to: (i) whether the Company is able to obtain sufficient funding to fund its expansion plans; (ii) whether the Company is able to build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments in the automobile industry; (iv) federal, state and local regulations pertaining to health and environmental quality standards; licensing/registration; financing; consumer protection; and safety; (v) the Company's ability to collect on receivables from high risk credit clients; (vi) the Company's ability to efficiently price and negotiate acquisitions on a favorable basis; (vii) whether the Company efficiently integrates the operations of other automobile dealerships it may acquire; and (viii) any negative economic conditions that would negatively affect the Company's business and expansion plans. Further information regarding the Company's business and its financial results may be obtained from the Company's periodic and other filings with the Securities and Exchange Commission which are available for review at http://www.sec.gov under "Search for Company Filings."