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<TITLE>Filed by Bowne Pure Compliance</TITLE>
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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT
style="font-size: 12pt">Washington, D.C. 20549 </FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest event reported): February 13, 2009</B>



<P style="font-size: 19pt" align="center"><B>INTERNATIONAL CONSOLIDATED COMPANIES, INC.<BR>
</B><FONT
style="font-size: 10pt">(Exact name of registrant as specified in its charter) </FONT>
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  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="33%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="32%">&nbsp;</TD>
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 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>Florida</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>050742</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>02-0555904</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

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  <TD width="49%">&nbsp;</TD>
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  <TD width="49%">&nbsp;</TD>
 </TR>
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  <TD style="border-bottom: #000000 1px solid"><B>2100 19th Street, Sarasota, FL<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>34234</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

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<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number, including area code: <B>(941)
330-0336</B>
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  <TD style="border-bottom: #000000 1px solid" nowrap><B>Not Applicable<BR>
</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))<BR>



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<P style="font-size: 10pt" align="center">

<P style="display: none; font-size: 10pt" align="center">1
</DIV>

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<P style="font-size: 10pt" align="left">1.01 Entry Into Material Definitive Agreement

<P style="font-size: 10pt; text-indent: 4%" align="left">As further set forth below, International Consolidated
Companies (the &#8220;Company&#8221;) has completed its acquisition of the shares of Telestar Acquisition Corp. and
Tele-Response Center, Inc., (the &#8220;acquired companies&#8221;) as described in the Company&#8217;s Form 8-K filed
December&nbsp;24, 2008.

<P style="font-size: 10pt; text-indent: 4%" align="left">Concurrent with the closing of the acquisition, the Company
entered into a CONSENT, AMENDMENT AND JOINDER AGREEMENT with Access Capital, Inc. The consent of Access Capital was
required for the completion of the acquisition as Access Capital provides the acquired companies with accounts
receivable financing. This agreement also amended the Accounts Receivable Purchase Agreement dated as of July&nbsp;31,
2005 (as the same has been and may further be amended, modified, restated and/or supplemented from time to time, the
&#8220;ARPA&#8221;), to lower the interest rate charged on such financing as follows:

<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">

 <TR style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000" valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%" width="10%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>12.8% after a capital infusion into the acquired companies of $300,000 (Three Hundred Thousand Dollars.&nbsp;</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">

 <TR style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000" valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%" width="10%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>8.54% after a total capital infusion of $1,000,000 (One Million Dollars)</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">

 <TR style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000" valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%" width="10%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>7.26% after an additional capital infusion of $500,000 (Five Hundred Thousand Dollars)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">2.01 COMPLETION OF ACQUISITION OF ASSETS

<P style="font-size: 10pt; text-indent: 3%" align="left">International Consolidated Companies Inc., (the
&#8220;Company&#8221;) has purchased all the shares of Telestar Acquisition Corporation, a Pennsylvania Corporation and
Tele-Response Center, Inc., a Tennessee Corporation (collectively hereinafter &#8220;121DR&#8221;). Consideration was
20,000,000 (Twenty Million) shares of the Company&#8217;s common stock valued by agreement between the parties at $.075
per share. Additionally, the Company has exchanged $1.15 Million of debt of 121DR for 2,500 shares of the
Company&#8217;s newly designated Series&nbsp;B Preferred Shares.

<P style="font-size: 10pt; text-indent: 3%" align="left">121 DR provides its services through four owned contact
centers and a joint venture in the US.&nbsp; In addition, 121 DR has partnerships with providers in Guatemala and other
Latin American countries, focused primarily on the Hispanic market in the US.&nbsp; The contact centers are located in
the following cities and have the following seat capacities:

<P style="font-size: 10pt" align="left"><B>Contact Center Location and Capacity</B>

<P style="font-size: 10pt" align="left">Philadelphia, PA -36 contact center seats <BR>
Media, PA -60 contact center
seats <BR>
Weston, WV &#8212; 120 contact center seats <BR>
Parkersburg, WV &#8212; 108 contact center seats
<BR>
Allentown, PA-48 contact center seats <BR>
Guatemala City, Guatemala-48 contact center seats

<P style="font-size: 10pt" align="left"><B>Contact Center Capabilities</B>

<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">

 <TR style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000" valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%" width="14%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>in excess of 90,000 contact center agent-hours per month</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">

 <TR style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000" valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%" width="14%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>420 outbound contact center stations</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">

<P style="display: none; font-size: 10pt" align="center">2
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<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">

 <TR style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000" valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%" width="14%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>All contact stations are inbound/outbound capable</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">

 <TR style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000" valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%" width="14%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Live 3rd party switching capability</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">

 <TR style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000" valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%" width="14%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Lines per agent ratio of 2.5:1</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">

 <TR style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000" valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%" width="14%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Unlimited script branching capability</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">

 <TR style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000" valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%" width="14%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Edit checking available on all file fields</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">

 <TR style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000" valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%" width="14%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Unlimited file-length handling</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">

 <TR style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000" valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%" width="14%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Wireless remote in-house monitoring</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">

 <TR style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000" valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%" width="14%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Remote monitoring enabled</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt; margin-left: 3%" align="left">The Series&nbsp;B Shares have the following attributes:

<P style="font-size: 10pt; margin-left: 3%" align="left">&#8226; Dividends of $41.40 per annum per share of
Class&nbsp;B Preferred Stock shall accrue and be paid in equal monthly installments on the 1<SUP>st</SUP> day of each
month, whether or not declared. The dividends shall be cumulative if not paid.

<P style="font-size: 10pt; margin-left: 3%" align="left">&#8226; Each share of Class&nbsp;B Preferred Stock shall be
convertible into shares of registered Common Stock determined by dividing the then effective conversion price, as
adjusted, into the original issue price of the Class&nbsp;B Preferred Stock, at the option of the holder, at any time
and from time to time. Holder shall effect conversions by providing the Company with a form of conversion notice. The
initial conversion rate shall be 1-to-1.

<P style="font-size: 10pt; margin-left: 3%" align="left">&#8226; The Company shall have the right to redeem the
Class&nbsp;B Preferred Stock at the price of $460.00 per share, plus any unpaid dividends. All outstanding Shares will
be redeemed no later than December&nbsp;31, 2013.

<P style="font-size: 10pt" align="left">Stuart Discount, the seller, will remain with 121 DR to manage its business
operations. Mr.&nbsp;Discount additionally remains as a personal guarantor on certain of the debt of 121 DR.

<P style="font-size: 10pt" align="left"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>

<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">

 <TR style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000" valign="top">
  <TD nowrap align="left" width="3%">(a)</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Financial statements of businesses acquired.</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt; margin-left: 2%" align="left">The Company shall provide the financial statements by
amendment to this report on Form 8-K not later than 71 calendar days after the date that the initial report on Form 8-K
must be filed.
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">
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  <TD width="3%">&nbsp;</TD>
  <TD width="3%">&nbsp;</TD>
  <TD width="3%">&nbsp;</TD>
  <TD width="3%">&nbsp;</TD>
  <TD>&nbsp;</TD>
 </TR>
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<!-- Begin Table Body -->
<TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">(b)</DIV></TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">10.1</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Share Purchase Agreement (1)</TD>
</TR>
<TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px"></DIV></TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">10.2</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">First Amendment of Share Purchase Agreement</TD>
</TR>
<TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px"></DIV></TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">10.3</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Second Amendment of Share Purchase Agreement</TD>
</TR>
<TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px"></DIV></TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">10.4</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Designation of Series&nbsp;B Preferred Shares</TD>
</TR>
<TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px"></DIV></TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">10.5</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Consent, Amendment and Joinder Agreement</TD>
</TR>
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</TABLE>
</DIV>

<P style="font-size: 10pt" align="left">(1)&nbsp;Incorporated by reference to the Company&#8217;s Form 8-K filed
December&nbsp;24, 2008

<P style="font-size: 10pt" align="center">

<P style="display: none; font-size: 10pt" align="center">3
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<P style="font-size: 10pt" align="center"><B>SIGNATURES</B>

<P style="font-size: 10pt" align="left">Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

<P style="font-size: 10pt; margin-left: 46%" align="left">REGISTRANT:

<P style="font-size: 10pt" align="left">Date: February&nbsp;20, 2009

<P style="margin-top: -11pt; font-size: 10pt; margin-left: 46%" align="left">INTERNATIONAL CONSOLIDATED COMPANIES, INC.

<P style="font-size: 10pt; margin-left: 46%" align="left"><U>By: <B>/</B>S/ Antonio F. Uccello,
III&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Antonio
F. Uccello, III, President<BR>
and Chief Executive Officer<BR>


<P style="font-size: 10pt" align="center">

<P style="display: none; font-size: 10pt" align="center">4
</DIV>

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<P style="font-size: 10pt" align="center"><B>EXHIBIT INDEX</B>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="9%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="86%">&nbsp;</TD>
 </TR>
 <TR style="font-size: 10pt" valign="bottom">
  <TD nowrap align="left"><B>Exhibit</B></TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
 <TR style="font-size: 10pt" valign="bottom">
  <TD style="border-bottom: #000000 1px solid" nowrap align="left"><B>Number</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid" nowrap align="center"><B>Description</B></TD>
 </TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">10.2</DIV></TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">First Amendment of Share Purchase Agreement</TD>
</TR>
<TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">10.3</DIV></TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Second Amendment of Share Purchase Agreement</TD>
</TR>
<TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">10.4</DIV></TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Designation of Series&nbsp;B Preferred Shares</TD>
</TR>
<TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">10.5</DIV></TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Consent, Amendment and Joinder Agreement</TD>
</TR>

<!-- End Table Body -->

</TABLE>
</DIV>

<P style="font-size: 10pt" align="center">

<P style="display: none; font-size: 10pt" align="center">5
</DIV>
</BODY>
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{"company-data": {"conformed-name": "International Consolidated Companies, Inc.", "cik": "0001277859", "assigned-sic": "7310", "irs-number": "020555904"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50742", "film-number": "09626109"}, "business-address": {"street1": "2100 19TH STREET", "city": "SARASOTA", "state": "FL", "zip": "34234", "phone": "9413300336"}, "mail-address": {"street1": "2100 19TH ST", "city": "SARASOTA", "state": "FL", "zip": "34234"}, "former-company": {"former-conformed-name": "SIGN MEDIA SYSTEMS INC", "date-changed": "20040128"}}
Filed by Bowne Pure Compliance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported): February 13, 2009
INTERNATIONAL CONSOLIDATED COMPANIES, INC.
(Exact name of registrant as specified in its charter)
Florida
050742
02-0555904
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
2100 19th Street, Sarasota, FL
34234
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(941)
330-0336
Not Applicable
(Former name or former address if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
1.01 Entry Into Material Definitive Agreement
As further set forth below, International Consolidated
Companies (the "Company") has completed its acquisition of the shares of Telestar Acquisition Corp. and
Tele-Response Center, Inc., (the "acquired companies") as described in the Company's Form 8-K filed
December 24, 2008.
Concurrent with the closing of the acquisition, the Company
entered into a CONSENT, AMENDMENT AND JOINDER AGREEMENT with Access Capital, Inc. The consent of Access Capital was
required for the completion of the acquisition as Access Capital provides the acquired companies with accounts
receivable financing. This agreement also amended the Accounts Receivable Purchase Agreement dated as of July 31,
2005 (as the same has been and may further be amended, modified, restated and/or supplemented from time to time, the
"ARPA"), to lower the interest rate charged on such financing as follows:
•
12.8% after a capital infusion into the acquired companies of $300,000 (Three Hundred Thousand Dollars.
•
8.54% after a total capital infusion of $1,000,000 (One Million Dollars)
•
7.26% after an additional capital infusion of $500,000 (Five Hundred Thousand Dollars)
2.01 COMPLETION OF ACQUISITION OF ASSETS
International Consolidated Companies Inc., (the
"Company") has purchased all the shares of Telestar Acquisition Corporation, a Pennsylvania Corporation and
Tele-Response Center, Inc., a Tennessee Corporation (collectively hereinafter "121DR"). Consideration was
20,000,000 (Twenty Million) shares of the Company's common stock valued by agreement between the parties at $.075
per share. Additionally, the Company has exchanged $1.15 Million of debt of 121DR for 2,500 shares of the
Company's newly designated Series B Preferred Shares.
121 DR provides its services through four owned contact
centers and a joint venture in the US.  In addition, 121 DR has partnerships with providers in Guatemala and other
Latin American countries, focused primarily on the Hispanic market in the US.  The contact centers are located in
the following cities and have the following seat capacities:
Contact Center Location and Capacity
Philadelphia, PA -36 contact center seats
Media, PA -60 contact center
seats
Weston, WV — 120 contact center seats
Parkersburg, WV — 108 contact center seats
Allentown, PA-48 contact center seats
Guatemala City, Guatemala-48 contact center seats
Contact Center Capabilities
•
in excess of 90,000 contact center agent-hours per month
•
420 outbound contact center stations
•
All contact stations are inbound/outbound capable
•
Live 3rd party switching capability
•
Lines per agent ratio of 2.5:1
•
Unlimited script branching capability
•
Edit checking available on all file fields
•
Unlimited file-length handling
•
Wireless remote in-house monitoring
•
Remote monitoring enabled
The Series B Shares have the following attributes:
• Dividends of $41.40 per annum per share of
Class B Preferred Stock shall accrue and be paid in equal monthly installments on the 1
st
day of each
month, whether or not declared. The dividends shall be cumulative if not paid.
• Each share of Class B Preferred Stock shall be
convertible into shares of registered Common Stock determined by dividing the then effective conversion price, as
adjusted, into the original issue price of the Class B Preferred Stock, at the option of the holder, at any time
and from time to time. Holder shall effect conversions by providing the Company with a form of conversion notice. The
initial conversion rate shall be 1-to-1.
• The Company shall have the right to redeem the
Class B Preferred Stock at the price of $460.00 per share, plus any unpaid dividends. All outstanding Shares will
be redeemed no later than December 31, 2013.
Stuart Discount, the seller, will remain with 121 DR to manage its business
operations. Mr. Discount additionally remains as a personal guarantor on certain of the debt of 121 DR.
Item 9.01 Financial Statements and Exhibits.
(a)
Financial statements of businesses acquired.
The Company shall provide the financial statements by
amendment to this report on Form 8-K not later than 71 calendar days after the date that the initial report on Form 8-K
must be filed.
(b)
10.1
Share Purchase Agreement (1)
10.2
First Amendment of Share Purchase Agreement
10.3
Second Amendment of Share Purchase Agreement
10.4
Designation of Series B Preferred Shares
10.5
Consent, Amendment and Joinder Agreement
(1) Incorporated by reference to the Company's Form 8-K filed
December 24, 2008
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
REGISTRANT:
Date: February 20, 2009
INTERNATIONAL CONSOLIDATED COMPANIES, INC.
By:
/
S/ Antonio F. Uccello,
III
Antonio
F. Uccello, III, President
and Chief Executive Officer
EXHIBIT INDEX
Exhibit
Number
Description
10.2
First Amendment of Share Purchase Agreement
10.3
Second Amendment of Share Purchase Agreement
10.4
Designation of Series B Preferred Shares
10.5
Consent, Amendment and Joinder Agreement