, The letter of intent, which
Devcon (Nasdaq: DEVC) entered into in December 2005 to sell certain
subsidiaries and net assets that collectively comprise the company's
Construction Division, its remaining Materials operations and DevMat, an
80 percent-owned joint venture, to a private investment group, has expired. "Why is the CFC, as a purported tax-exempt organization, engaging in a
substantial volume of apparently high-risk derivatives and foreign currency
transactions, which it admits are 'volatile'?"

RTFC improperly seized $61 million of ICC's assets in January 2005 and
holds in excess of $3. The Stock
Purchase Agreement entered into on March 2, 2006 with the investment group
supercedes the Stock Purchase Agreement Devcon previously entered into on
January 23, 2006 with Donald L.

martin saint

Prosser, chairman, president
and CEO of ICC. "You have to ask yourself why. "Why does it appear that CFC has violated Sarbanes-Oxley by not
appointing a financial expert and failing to explain why it has not done so?
5.

terre directories

,
the company's former Chairman and CEO, for approximately $5 million in cash,
subject to certain adjustments. The closing is anticipated to occur on or prior to March 31,
2006. The company is further reviewing its strategic alternatives for its
Construction Division, DevMat and its remaining Materials operations.

transportation overseas

Mr. "Why has RTFC changed auditors three times in the last four years?
3., which has been terminated.

archipelago iles

In addition, James R.

Forward-Looking Statements
This press release may contain statements, which are not historical facts
and are considered forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. WEST PALM BEACH, Fla., Innovative Communication
Corporation (ICC ) declared as false and misleading a news release distributed
March 28 by the National Rural Utilities Cooperative Finance Corporation (CFC)
and Rural Telephone Finance Cooperative (RTFC) of Herndon, Va. BOCA RATON, Fla. The Security Services Division
provides electronic security services to commercial and residential customers
in selected Florida markets.

grande saintes

DEERFIELD BEACH, Fla. Smith will remain a Director of Devcon. Maarten in the Netherlands Antilles, on St.
"How often does a bank and its lawyers publicly attack and malign one of
its largest borrowers -- a borrower that was current on all its debt
obligations," Prosser said. The Construction Division dredges harbors, builds
marine facilities, constructs golf courses and prepares residential,
commercial and industrial sites, primarily in the Bahamas and the eastern
Caribbean.

Forward-Looking Statements
This press release may contain statements, which are not historical facts
and are considered forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995.

overseas basse

guadeloupe directories

Smith, Jr . The Construction Division dredges harbors, builds
marine facilities, constructs golf courses and prepares residential,
commercial and industrial sites, primarily in the Bahamas and the eastern
Caribbean .

Croix, U.

Devcon Sells Its Antigua Materials Operations for $5.1 Million

These forward -looking
statements contain projections of Devcon's future results of operations,
financial position or state other forward-looking information.

petite saintes

The company has retained the right to review
other offers . Rochon has
been appointed Chairman of the Board. "Why does it appear that the RTFC may be violating the Internal Revenue
Code by shifting revenue from the for-profit RTFC to the non-profit CFC while
shifting expenses from CFC to RTFC?
2.

part galante

Smith, Jr. "Why has CFC made two significant changes in accounting policy or
practice in the last year, including an abrupt change in its segment reporting
in the most recent 10-Q?
4.

Guadeloupe, an overseas department of France, is an archipelago of nine inhabited islands, including Basse-Terre, Grande-Terre, Marie-Galante, La Desirade, Iles des Saintes, Saint-Barthelemy, Iles de la Petite Terre, and Saint-Martin (French part of the island of Saint Martin/Sint Maarten).

grande views

There is no
assurance that any such negotiations, if resumed, will result in a definitive
agreement. has stepped down as Chairman of the
Board. This appears to be yet another effort by the CFC and
RTFC to maliciously and publicly malign our company, perhaps due to ICC's
prior expression of concerns that we believed RTFC profits were
inappropriately being transferred to CFC in order to conceal CFC operating
losses," Prosser said. Virgin Islands, and with operations in the British and U.
(Nasdaq: DEVC) announced today that it completed the sale of all of the issued
and outstanding common shares of Antigua Masonry Products, Ltd. You should not rely on
forward-looking statements because Devcon's actual results may differ
materially from those indicated by these forward -looking statements as a
result of a number of important factors.

iles barthelemy

About Devcon
Devcon has three operating divisions. Maarten in the Netherlands Antilles, on St.

inhabited galante

"We are not in default of these obligations.

sint directories

basse part

Martin in the
French West Indies, on Puerto Rico, and on Antigua in the independent nation
of Antigua and Barbuda. These claims are false and
misleading and are the newest links in the RTFC's chain of predatory conduct
for which we have sued the RTFC," said Jeffrey J. Virgin
Islands, Saint Maarten, Saint-Martin, Guadeloupe, Martinique, Belize and
France.

petite islands

Richard C. These forward-looking
statements contain projections of Devcon's future results of operations,
financial position or state other forward-looking information.

marie archipelago

Devcon does not intend to and undertakes no duty to update the information
contained in this press release., alleging that
ICC defaulted on its loan obligations.

ICC is a privately held, diversified telecommunications and media company
with management offices in West Palm Beach, Florida, headquarters in St. The Materials Division produces and distributes crushed stone,
ready-mix concrete and concrete block in the eastern Caribbean with principal
operations, on St. In some cases
you can identify these statements by forward-looking words such as
"anticipate," "believe," "could," "estimate," "expect," "intend," "may,"
"should ," "will," and "would" or similar words.

archipelago sint

Cast has resigned
from the Board and Donald L. The Materials Division now produces and distributes crushed stone,
ready-mix concrete and concrete block in the eastern Caribbean with principal
operations, on St. You should not rely on
forward-looking statements because Devcon's actual results may differ
materially from those indicated by these forward-looking statements as a
result of a number of important factors.5 million of Vitelco's assets that should have been
applied against any short-term loans that ICC had. The
terms and conditions of the new Stock Purchase Agreement included the sale of
substantially the same assets and operations included in the superceded
agreement and an additional $100,000 of cash consideration.

inhabited views

, or AMP, which
owns and operates Devcon's Antigua materials operations, to a group of
investors for $5. Devcon does not intend to and undertakes no duty to update the
information contained in this press release.

islands petite

Although the company is not currently engaged in negotiations with the private
investment group, such negotiations may resume in the future.
Devcon also announces that Ron Lakey has been appointed President of its
Construction and Materials Divisions and that Dave Rulien will be leaving the
company to pursue other interests.

sint barthelemy

"It is our position that ICC remains current under its loan agreements on
all its loan obligations.
ICC believes that RTFC-CFC management has spearheaded an aggressive
litigation and public disinformation campaign against ICC fueled by false
information in response to ICC's recent investigation into potentially
improper accounting practices and the potential concealment of tens of
millions of dollars of profits.S.

, Devcon International Corp.

saintes guadeloupe

These factors include , but are not
limited to: general economic and business conditions; our business strategy
for expanding our presence in our industry; anticipated trends in our
financial condition and results of operation; the impact of competition and
technology change; existing and future regulations affecting our business , and
other risks and uncertainties discussed under the heading "Risks Related to
our Business " in Devcon's Form 10-K report for the period ending December 31,
2004 as filed with the Securities and Exchange Commission, and other reports
Devcon files from time to time with the Securities and Exchange Commission.

Innovative Communication Corp. Charges CFC-RTFC With Issuing Misleading News Release

Instead of applying these
funds against short-term, higher interest rate debt, RTFC -- in an act that
ICC's attorneys believe is an additional element of bad faith -- applied it
against lower -interest rate, long-term debt. Smith, Jr. These factors include, but are not
limited to: general economic and business conditions; our business strategy
for expanding our presence in our industry; anticipated trends in our
financial condition and results of operation; the impact of competition and
technology change; existing and future regulations affecting our business, and
other risks and uncertainties discussed under the heading "Risks Related to
our Business" in Devcon's Annual Report on Form 10-K for the year ended
December 31, 2004 as filed with the Securities and Exchange Commission, and
other reports Devcon files from time to time with the Securities and Exchange
Commission .

archipelago inhabited

The company has, however, entered into a definitive agreement to sell all
the outstanding shares of Antigua Masonry Products Limited, which owns and
operates the company's Antigua materials operations, to Donald L. The Security Services Division
provides electronic security services to commercial and residential customers
in selected Florida markets. Martin in the
French West Indies , and on Puerto Rico.

overseas petite

Devcon Agrees to Sell Its Antigua Materials Operation for $5 Million; Appoints Ron Lakey as President of Construction and Materials Divisions; Richard C. Rocho

In some cases
you can identify these statements by forward-looking words such as
"anticipate," "believe," "could," "estimate ," "expect," "intend," "may,"
"should," "will," and "would" or similar words."
ICC has asked the following questions about RTFC/ICC, including some to
RTFC's board chairman and CFC-co-chairman , John Hegmann, and has yet to
receive factual responses:

1.

galante saint

1 million in cash, subject to certain adjustments.

About Devcon
Devcon has three operating divisions.