iCurie Becomes a US Public Company and Raises $17 Million in Private Offering

MIAMI, FLORIDA - July 12, 2005 - iCurie Lab Holdings Limited ("iCurie UK"), a UK company with a Korean operating subsidiary, today announced it became a wholly owned subsidiary of iCurie, Inc. ("iCurie US"), an over-the-counter bulletin board company formerly known as Cedar Mountain Distributors, Inc. (OTCBB: CMTD), through a share exchange with the former shareholders of iCurie UK. Prior to this acquisition, Cedar Mountain Distributors, Inc. had no material business operations.

As a result of these transactions, iCurie UK will continue its business operations as a US reporting company. iCurie US stock is currently quoted on the OTCBB under the symbol CMTD, which is expected to change due to the name change from Cedar Mountain Distributors, Inc. to iCurie, Inc.

On July 11, 2005, iCurie US closed a $17 million private placement. The financing was led by placement agents Indigo Securities LLC and Axiom Capital Management Inc. located in New York, New York. A number of institutional investors and business leaders participated in the private offering.

"I'm pleased to have passed another important milestone with iCurie. From our research and development center in South Korea, we have created an excellent portfolio of cooling devices based on nano thermofluid technology. This restructuring and financing gives us the strength and stability to commercialize our great technology," said founder and Chief Technology Officer, Jeong Hyun Lee, Ph.D.

"In a well orchestrated transaction, iCurie has secured a stable financial platform as well as created a strong owner structure. This will be extremely important when we commercialize our patent portfolio. But just as important, we get a business position in the United States and access to a fabulous network of institutional investors and business leaders, which will complement our activities in the United Kingdom and South Korea," said Chief Executive Officer, Hakan Wretsell.

About iCurie

iCurie is a United States corporation based in Miami, Florida with subsidiaries in London, England and Seoul, South Korea. iCurie is a world leader in developing and commercializing next generation cooling solutions for the PC, personal communication and display industries. The cooling solutions are built on iCurie patents in thermofluid nanotechnology. Additional information on iCurie and its technology is available www.icurie.com.

Contact Information:
Michael Karpheden
iCurie, Inc.
1395 Brickell Avenue, Suite 800
Miami, Florida 33131
(305) 529-6290

This press release contains forward-looking statements, involving risks and uncertainties. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, iCurie's ability to attract investors, iCurie's future operating results, and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward - looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.