----

| Intelligent Communication Enterprise Corporation            |
|-------------------------------------------------------------|
| (Exact name of registrant as specified in its charter)      |
|                                                        |   |
| Pennsylvania                                                | 25-1229323 |
| (State or other jurisdiction of                             | (I.R.S. Employer |
| incorporation or organization)                              | Identification No.) |
|                                                        |   |
| 13 Spottiswoode Park Road                                   |   |
| Singapore                                                   | 088640 |
| (Address of principal executive offices)                    | (Zip Code) |
|                                                        |
| +65 6324 0225                                               |
| (Registrant’s telephone number, including area code)  |
|                                                        |   |
| Securities registered pursuant to Section 12(b) of the Act: |
| Title of each class                                         | Name of each exchange on which registered |
| n/a                                                         | n/a |
| Securities registered pursuant to Section 12(g) of the Act: |
| Common Stock, Par Value $0.0001                             |
| (Title of Class)                                            |

| Large accelerated filer o | Accelerated filer  ̈    |
|---------------------------|-----------------------------|
| Non-accelerated filer o   | Smaller reporting company x |

----

| Item    | Description                                                                                                                               | Page   |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------|--------|
|    |                                                                                                                                      |   |
|    | Special Note Regarding Forward-Looking Statements                                                                                         | 1      |
|    |                                                                                                                                      |   |
|    | Part I                                                                                                                                    |   |
| Item 1  | Business                                                                                                                                  | 2      |
| Item 1A | Risk Factors                                                                                                                              | 7      |
| Item 1B | Unresolved Staff Comments                                                                                                                 | 11     |
| Item 2  | Properties                                                                                                                                | 11     |
| Item 3  | Legal Proceedings                                                                                                                         | 11     |
| Item 4  | Reserved                                                                                                                                  | 11     |
|    |                                                                                                                                      |   |
|    | Part II                                                                                                                                   |   |
| Item 5  | Market for Registrant’s Common Equity, Related Stockholder Matters    and Issuer Purchases of Equity Securities | 12     |
| Item 6  | Selected Financial Data                                                                                                                   | 12     |
| Item 7  | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                               | 12     |
| Item 7A | Quantitative and Qualitative Disclosures about Market Risk                                                                                | 16     |
| Item 8  | Financial Statements and Supplementary Data                                                                                               | 16     |
| Item 9  | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure                                                      | 16     |
| Item 9A | Controls and Procedures                                                                                                                   | 16     |
| Item 9B | Other Information                                                                                                                         | 18     |
|    |                                                                                                                                      |   |
|    | Part III                                                                                                                                  |   |
| Item 10 | Directors, Executive Officers and Corporate Governance                                                                                    | 19     |
| Item 11 | Executive Compensation                                                                                                                    | 21     |
| Item 12 | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters                                            | 23     |
| Item 13 | Certain Relationships and Related Transactions, and Director Independence                                                                 | 24     |
| Item 14 | Principal Accounting Fees and Services                                                                                                    | 25     |
|    |                                                                                                                                      |   |
|    | Part IV                                                                                                                                   |   |
| Item 15 | Exhibits, Financial Statement Schedules                                                                                                   | 26     |
|    | Signatures                                                                                                                                | 29     |

----

----

----

----

|   | (1) | messaging aggregator customers that collect multimedia messages from their corporate and wholesale customers and send them to us for processing and onward termination on the mobile networks worldwide to which we are connected; and |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | enterprise customers that are companies and individuals with the need to keep in contact with their customers, members, or other such groups via SMS. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | text messaging (SMS); |
|--------------------|-----------------------|

| ·   | customer participation such as contests, voting, surveys, content downloads (e.g., ringtone, wallpaper, etc.) (premium SMS); |
|--------------------|------------------------------------------------------------------------------------------------------------------------------|

| ·   | accessing the wireless web on the mobile (WAP); |
|--------------------|-------------------------------------------------|

| ·   | multimedia messaging service (MMS); |
|--------------------|-------------------------------------|

| ·   | strategic planning of enterprise customers’ mobile-marketing requirements; |
|--------------------|----------------------------------------------------------------------------------|

| ·   | project coordination and implementation; and |
|--------------------|----------------------------------------------|

| ·   | billing. |
|--------------------|----------|

----

| ·   | credit card cloning; |
|--------------------|----------------------|

| ·   | credit card theft; |
|--------------------|--------------------|

| ·   | credit card not present (i.e., as in the case of e-shopping); and |
|--------------------|-------------------------------------------------------------------|

| ·   | identity theft. |
|--------------------|-----------------|

----

| ·   | succeed in developing products that are equal to or superior to our products or that achieve greater market acceptance than our products; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | devote greater resources to developing, marketing, or selling their products; |
|--------------------|-------------------------------------------------------------------------------|

| ·   | respond more quickly to new or emerging technologies or technical advances and changes in customer requirements, which could render our technologies or products obsolete; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | introduce products that make the continued development of our current and future products uneconomical; |
|--------------------|---------------------------------------------------------------------------------------------------------|

| ·   | obtain patents that block or otherwise inhibit our ability to develop and commercialize our products; |
|--------------------|-------------------------------------------------------------------------------------------------------|

| ·   | withstand price competition more successfully than we can; |
|--------------------|------------------------------------------------------------|

| ·   | establish cooperative relationships among themselves or with third parties that enhance their ability to address the needs of our prospective customers; and |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | take advantage of acquisition or other opportunities more readily than we can. |
|--------------------|--------------------------------------------------------------------------------|

----

----

| ·   | lack of independent directors on our audit committee; |
|--------------------|-------------------------------------------------------|

| ·   | insufficient corporate governance policies; and |
|--------------------|-------------------------------------------------|

| ·   | accounting for technical matters. |
|--------------------|-----------------------------------|

----

----

----

----

|                                      | Low                |   | High              |
|-------------------------------------------|--------------------|--------|-------------------|
|                                      |               |   |              |
| Fiscal year ending December 31, 2011:     |               |   |              |
| Quarter ending June 30 (through April 13) | $0.035   |   | $0.06             |
| Quarter ended March 31                    | 0.031              |   |   0.11  |
|                                      |               |   |              |
| Fiscal year ended December 31, 2010:      |               |   |              |
| Quarter ended December 31                 | 0.01     |   |   0.54  |
| Quarter ended September 30                | 0.20     |   |   0.54  |
| Quarter ended June 30                     | 0.15     |   |   0.60  |
| Quarter ended March 31                    | 0.15     |   |   1.40  |
|                                      |               |   |              |
| Fiscal year ended December 31, 2009:      |               |   |              |
| Quarter ended December 31                 | 0.778              |   |   2.00  |
| Quarter ended September 30                | 0.778              |   |   5.99  |
| Quarter ended June 30                     | 1.497              |   |   2.695 |
| Quarter ended March 31                    | 2.995              |   | 10.778            |

----

----

|    |    Year Ended December 31, 2010 |                                                                                                          |    Year Ended December 31, 2009 |
|---------|------------------------------------------------|---------------------------------------------------------------------------------------------------------------|------------------------------------------------|
| Revenue |                                           |                                                                                                          |                                           |   |   |
| iCEmat  | $                                         |                  -  |                                           | $  |                  -  |
| iCEmms  |                                           | 8,855,053                                                                                                |                                           |   |  9,659,154  |
| iCEsync |                                           | 80,267                                                                                                   |                                           |   | -  |
|    | $                                         |  8,935,320                                                                                          |                                           | $  |  9,659,154  |
| Loss    |                                           |                                                                                                          |                                           |   |   |
| iCEmat  | $                                         |      (20,215)                                                                        |                                           | $  | (1,488,443) |
| iCEmms  |                                           | (3,527,342)                                                                                                   |                                           |   |   (2,217,682) |
| iCEsync |                                           | (3,234,565)                                                                                                   |                                           |   | -  |
|    | $                                         | (6,782,122)                                                                                                   |                                           | $  | (3,706,125) |

----

|    |    Year Ended December 31, 2010 |                            |    Year Ended December 31, 2009 |
|---------|------------------------------------------------|---------------------------------|------------------------------------------------|
| Assets  |                                           |                            |                                           |   |   |
| iCEmat  | $                                         |     502,500 |                                           | $  |         5,478 |
| iCEmms  |                                           | 2,523,384                       |                                           |   | 5,584,141 |
| iCEsync |                                           | 3,499,999                       |                                           |   | - |
|    | $                                         |  6,525,883                 |                                           | $  |  5,589,619 |

|              |    Year Ended December 31 |      |    Long-lived Assets |
|-------------------|-------------------------------------|-----------|--------------------------------|
|              |  2010                          |      |  2009                     |   |  2010 |   |  2009 |
| Revenues          |                                |      |                           |   |   |   |   |   |   |   |   |
| Asia              | $                              | 6,152,354 |                           | $ | 3,998,890 |   | $  | 4,336,854 |   | $  | 2,821,993 |
| Europe            |                                | 2,782,966 |                           |   | 5,660,264 |   |   | - |   |   | - |
| All other regions |                                | -         |                           |   | - |   |   | - |   |   | - |
|              | $                              | 8,935,320 |                           | $  | 9,659,154 |   | $  | 4,336,854 |   | $  | 2,821,993 |

----

----

----

----

| Name                |   | Age    |   | Title                                        |   | Tenure           |
|---------------------|--------|--------|--------|----------------------------------------------|--------|------------------|
|                |   |   |   |                                         |   |             |
| Bala Balamurali     |   | 45     |   | President, Director, Chief Executive Officer |   | 11/17/09 to date |
| Viji Rajasundram    |   | 51     |   | Director                                     |   | 1/17/11 to date  |
| Nelson Wu           |   | 36     |   | Director                                     |   | 4/24/10 to date  |
| Michael Hosking     |   | 52     |   | Director                                     |   | 5/12/10 to date  |
| Sarocha Hatthasakul |   | 29     |   | Chief Financial Officer, Secretary           |   | 5/25/10 to date  |

----

----

| Name and Principal Position | YearEndedDec. 31 | Salary($) | Bonus($) | StockAward(s)($) | OptionAwards ($) | Non-EquityIncentivePlanCompen-sation | Change inPensionValue andNon-QualifiedDeferredCompen-sationEarnings ($) | All OtherCompen-sation ($) | Total ($) |
|-----------------------------|------------------|-----------|----------|------------------|------------------|--------------------------------------|-------------------------------------------------------------------------|----------------------------|-----------|
| (a)                         | (b)              | (c)       | (d)      | (e)              | (f)              | (g)                                  | (h)                                                                     | (i)                        | (j)       |
|                        |             |      |     |             |             |                                 |                                                                    |                       |      |
| Bala Balamurali, CEO(1)     | 2010             | 307,230   | --       | --               | --               | --                                   | --                                                                      | --                         | 307,230   |
|                        | 2009             | --        | --       | --               | --               | --                                   | --                                                                      | --                         | --        |
|                        | 2008             | --        | --       | --               | --               | --                                   | --                                                                      | --                         | --        |
|                        |             |      |     |             |             |                                 |                                                                    |                       |      |
| Sarocha Hatthasakul,        | 2010             | 51,031    | --       | --               | --               | --                                   | --                                                                      | --                         | 51,031    |
| CFO(2)                      | 2009             | --        | --       | --               | --               | --                                   | --                                                                      | --                         | --        |
|                        | 2008             | --        | --       | --               | --               | --                                   | --                                                                      | --                         | --        |
|                        |             |      |     |             |             |                                 |                                                                    |                       |      |
| Luther L. Jao, CEO(3)       | 2010             | 105,000   | --       | --               | 10,221           | --                                   | --                                                                      | --                         | 115,221   |
|                        | 2009             | 17,500    | --       | --               | 31,765           | --                                   | --                                                                      | --                         | 49,265    |

----

| Name and Principal Position | YearEndedDec. 31 | Salary($) | Bonus($) | StockAward(s)($) | OptionAwards ($) | Non-EquityIncentivePlanCompen-sation | Change inPensionValue andNon-QualifiedDeferredCompen-sationEarnings ($) | All OtherCompen-sation ($) | Total ($)          |
|-----------------------------|------------------|-----------|----------|------------------|------------------|--------------------------------------|-------------------------------------------------------------------------|----------------------------|--------------------|
| (a)                         | (b)              | (c)       | (d)      | (e)              | (f)              | (g)                                  | (h)                                                                     | (i)                        | (j)                |
|                        |             |      |     |             |             |                                 |                                                                    |                       |               |
| Kenneth G.C. Telford,       | 2010             | 50,000    | --       | --               | --               | --                                   | --                                                                      | --                         | 50,000             |
| CFO(4)                      | 2009             | 106,000   | --       | --               | 31,765           | --                                   | --                                                                      | --                         | 137,765            |
|                        | 2008             | 93,500    | 40,000   | 3,547            | 14,180           | --                                   | --                                                                      | --                         | 151,227            |
|                        |             |      |     |             |             |                                 |                                                                    |                       |               |
| Stephen Cutler, CEO(5)      | 2010             | --        | --       | --               | --               | --                                   | --                                                                      | --                         | --                 |
|                        | 2009             | 80,000    | --       | --               | --               | --                                   | --                                                                      | --                         |   80,000 |
|                        | 2008             | 80,000    | 35,000   | 1,248            | 1,248            | --                                   | --                                                                      | --                         | 117,496            |

| (1) | Mr. Balamurali was appointed our chief executive officer effective December 31, 2010.  Prior to this date, Mr. Balamurali served as the General Manager of our iCEmms division during the 2010 fiscal year.  $173,681 of this amount was paid in 2010, while the remainder was accrued. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Ms. Hatthasakul was appointed our chief financial officer effective May 25, 2010. |
|-----|-----------------------------------------------------------------------------------|

| (3) | Mr. Jao was appointed our chief executive officer effective September 14, 2009, and resigned effective December 31, 2010. |
|-----|---------------------------------------------------------------------------------------------------------------------------|

| (4) | Mr. Telford was appointed our chief financial officer March 18, 2008, and resigned effective May 25, 2010. |
|-----|------------------------------------------------------------------------------------------------------------|

| (5) | Mr. Cutler was appointed our chief executive officer effective April 30, 2008, and resigned effective September 14, 2009. |
|-----|---------------------------------------------------------------------------------------------------------------------------|

|          | Option Awards                                                    | Stock Awards                                                     |
|---------------|------------------------------------------------------------------|------------------------------------------------------------------|
| Name          | Number ofSecuritiesUnderlyingUnexer-cisedOptions (#)Exer-cisable | Number ofSecuritiesUnderlyingUnexercisedOptions (#)Unexercisable | EquityIncentivePlanAwards:Number ofSecuritiesUnderlyingUnexercisedUnearnedOptions(#) | OptionExercisePrice($) | OptionExpirationDate | NumberofShares orUnits ofStockHeld ThatHave NotVested(#) | MarketValue ofShares orUnits ofStockThat HaveNotVested($) | EquityIncentivePlanAwards:NumberofUnearnedShares,Units orOtherRightsThat HaveNotVested(#) | EquityIncentivePlanAwards:MarketorPayoutValue ofUnearnedShares,Units orOtherRightsThatHaveNotVested($) |
|          |                                                             |                                                             |   |   |   |   |   |   |   |
| Luther L. Jao | 1,575,000                                                        | 1,575,000                                                        | -- | 0.042 | 11/12/14 | -- | -- | -- | -- |

| Name                 | FeesEarnedorPaid inCash($)                   | StockAwards($) | OptionAwards($) | Non-EquityIncentivePlanCompensation($) | Change inPension ValueandNonqualifiedDeferredCompensationEarnings | All OtherCompen-sation($) | Total ($) |
|----------------------|----------------------------------------------|----------------|-----------------|----------------------------------------|-------------------------------------------------------------------|---------------------------|-----------|
| Luther Jao, Chairman | --             | --             | --              | --                                     | --                                                                | --                        | --        |
| Bala Balamurali      |  --       | --             | --              | --                                     | --                                                                | --                        | --        |
| Nelson Wu            | 75,000 (1)                                   | --             | --              | --                                     | --                                                                | --                        | 75,000    |
| Michael Hosking      | 75,000 (1)                                   | --             | --              | --                                     | --                                                                | --                        | 75,000    |

| (1) | To be paid by the issuance of shares of common stock in 2011. |
|-----|---------------------------------------------------------------|

----

| Name of Person or Group                              | Nature of Ownership | Amount      | Percent |
|------------------------------------------------------|---------------------|-------------|---------|
|                                                 |                |        |    |
| Principal Stockholders:                              |                |        |    |
| Knightsbridge Estates                                | Common Stock        | 111,806,534 | 17.4%   |
| 26 Oakley HS 103 Sloane                              |                |        |    |
| London, UK                                           |                |        |    |
|                                                 |                |        |    |
| Goh Wan Nee                                          | Common Stock        | 61,897,500  | 9.6%    |
| 100-2 Seri Duta 1                                    |                |        |    |
| Jalan Gallagher Tmn Duta                             |                |        |    |
| Kuala Lumpur Malaysia                                |                |        |    |
|                                                 |                |        |    |
| Devika Maria Dutt                                    | Common Stock        | 48,806,527  | 7.6%    |
| 711/32 Green Hill                                    |                |        |    |
| Povori Gova                                          |                |        |    |
| India                                                |                |        |    |
|                                                 |                |        |    |
| Infinity Wealth Management                           | Common Stock        | 44,100,000  | 6.9%    |
| 3905 2 Exchange Square                               |                |        |    |
| Central, Hong Kong                                   |                |        |    |
|                                                 |                |        |    |
| Purpose Win Entertainment                            | Common Stock        | 42,098,322  | 6.5%    |
| Room 3713 99 Queens Road                             |                |        |    |
| Central Hong Kong                                    |                |        |    |
|                                                 |                |        |    |
| Putian International Pte. Ltd.                       | Common Stock        | 42,000,000  | 6.5%    |
| Ngee Ann City Tower B                                |                |        |    |
| 391 B Orchard Road                                   |                |        |    |
| #23 - 01                                             |                |        |    |
| Singapore  238874                          |                |        |    |
|                                                 |                |        |    |
| Named Executive Officers and Directors:              |                |        |    |
| Bala Balamurali                                      | Common Stock        | 10,741,272  | 1.7%    |
| 13 Spottiswoode Park RoadSingapore  088640 |                |        |    |
|                                                 |                |        |    |
| Sarocha Hatthasakul                                  | Common Stock        | -           | *       |
| 13 Spottiswoode Park RoadSingapore  088640 |                |        |    |
|                                                 |                |        |    |
| Nelson Wu                                            | Common Stock        | 1,071,427   | *       |
| 13 Spottiswoode Park RoadSingapore  088640 |                |        |    |
|                                                 |                |        |    |
| Michael Hosking                                      | Common Stock        | 1,071,427   | *       |
| 13 Spottiswoode Park RoadSingapore  088640 |                |        |    |

----

| Name of Person or Group                                      | Nature of Ownership | Amount     | Percent |
|--------------------------------------------------------------|---------------------|------------|---------|
|                                                         |                |       |    |
| Viji Rajasundram                                             | Common Stock        | -          | *       |
| 13 Spottiswoode Park RoadSingapore  088640         |                |       |    |
|                                                         |                |       |    |
| All Executive Officers and Directors as a Group (5 persons): | Common Stock        | 12,884,126 | 2.0%    |
|                                                         | Total               | 12,884,126 | 2.0%    |

| * | Less than 1%. |
|---|---------------|

|                                                      |   | Number of securities to be issued upon exercise of outstanding options, warrants and rights(a) |   | Weighted-average exercise price of outstanding options, warrants and rights(b) |   | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))(c) |
|-----------------------------------------------------------|--------|------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                      |   |                                                                                           |   |                                                                           |   |                                                                                                                                           |
| Equity compensation plans approvedby security holders     |   |              --               |   | --                                                                             |   | --                                                                                                                                             |
| Equity compensation plans not approvedby security holders |   | 2,768,934                                                                                      |   | $0.042                                                                         |   | --                                                                                                                                             |
| Total                                                     |   | 2,768,934                                                                                      |   | $0.042                                                                         |   | --                                                                                                                                             |

----

|               |  December 31, 2010 |    |  December 31, 2009 |
|--------------------|-------------------------|---------|-------------------------|
|               |                    |    |                    |   |   |
| Audit Fees         | $                  | 108,548 |                    | $  | 57,534 |
|               |                    |    |                    |   |   |
| Audit Related Fees |                    | --      |                    |   | -- |
|               |                    |    |                    |   |   |
| Tax Fees           |                    | --      |                    |   | -- |
|               |                    |    |                    |   |   |
| All Other Fees     |                    | --      |                    |   | -- |
| Total Fees         | $                  | 108,548 |                    | $  | 57,534 |

----

| ExhibitNumber |   |  Title of Document                                                                                                                    |   |  Location                                                                                                            |
|---------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------|
|          |   |                                                                                                                                       |   |                                                                                                                      |
| Item 2        |   | Plan of Acquisition, ReorganizationArrangement, Liquidation, or Succession                                                                 |   |                                                                                                                      |
|          |   |                                                                                                                                       |   |                                                                                                                      |
| 2.01          |   | Stock Purchase Agreement between Mobiclear Inc. and Whitefields Capital Limited entered November 12, 2009                                  |   | Incorporated by reference from the Current Report on Form 8-K filed November 17, 2009                                     |
|          |   |                                                                                                                                       |   |                                                                                                                      |
| 2.02          |   | Stock Purchase Agreement between Intelligent Communication Enterprise Corporation and Whitefields Capital Limited entered January 20, 2010 |   | Incorporated by reference from the Current Report on Form 8-K filed January 22, 2010                                      |
|          |   |                                                                                                                                       |   |                                                                                                                      |
| 2.03          |   | Sale and Purchase Agreement between Intelligent Communication Enterprise Corporation and Power Centre Holdings Limited dated June 11, 2010 |   | Incorporated by reference from the Current Report on Form 8-K filed June 17, 2010                                    |
|          |   |                                                                                                                                       |   |                                                                                                                      |
| Item 3        |   | Articles of Incorporation and Bylaws                                                                                                       |   |                                                                                                                      |
|          |   |                                                                                                                                       |   |                                                                                                                      |
| 3.14          |   | Amended and Restated Articles of Incorporation of BICO, Inc. as filed with the Secretary of State of the Commonwealth of Pennsylvania      |   | Incorporated by reference from the Current Report on Form 8-K filed November 12, 2004                                     |
|          |   |                                                                                                                                       |   |                                                                                                                      |
| 3.15          |   | Certificate of Designation of Series M Preferred Stock as filed with the Secretary of State of the Commonwealth of Pennsylvania            |   | Incorporated by reference from the Current Report on Form 8-K filed November 12, 2004                                     |
|          |   |                                                                                                                                       |   |                                                                                                                      |
| 3.17          |   | Joint Second Amended Plan of Reorganization dated August 3, 2004                                                                           |   | Incorporated by reference from the Current Report on Form 8-K filed November 12, 2004                                     |
|          |   |                                                                                                                                       |   |                                                                                                                      |
| 3.18          |   | Order Approving Joint Second Amended Plan of Reorganization dated October 14, 2004                                                         |   | Incorporated by reference from the Current Report on Form 8-K filed November 12, 2004                                     |
|          |   |                                                                                                                                       |   |                                                                                                                      |
| 3.19          |   | Amended and Restated Certificate of Designation for Series M Preferred                                                                     |   | Incorporated by reference from the Current Report on Form 8-K filed March 30, 2005                                        |
|          |   |                                                                                                                                       |   |                                                                                                                      |
| 3.20          |   | By-Laws of MobiClear Inc. as amended on October 13, 2006                                                                                   |   | Incorporated by reference from the Annual Report on Form 10-KSB for the year ended December 31, 2006, filed April 2, 2007 |

----

| ExhibitNumber |   |  Title of Document                                                                                                                                                                           |   |  Location                                                                                                                    |
|---------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------|
|          |   |                                                                                                                                                                                              |   |                                                                                                                              |
| 3.21          |   | Amendment to Articles of Incorporation as filed with the Secretary of State of the Commonwealth of Pennsylvania                                                                                   |   | Incorporated by reference from the Current Report on Form 8-K filed December 4, 2006                                              |
|          |   |                                                                                                                                                                                              |   |                                                                                                                              |
| 3.22          |   | Amendment to Articles of Incorporation as filed with Pennsylvania Department of State Corporate Bureau                                                                                            |   | Incorporated by reference from the Current Report on Form 8-K filed July 2, 2008                                             |
|          |   |                                                                                                                                                                                              |   |                                                                                                                              |
| 3.23          |   | Amendment to Articles of Incorporation as filed September 22, 2009, with the Pennsylvania Department of State Corporate Bureau                                                                    |   | Incorporated by reference from the Quarterly Report on Form 10-Q for the Quarter Ended September 30, 2009, filed October 29, 2009 |
|          |   |                                                                                                                                                                                              |   |                                                                                                                              |
| 3.24          |   | Amendment to Articles of Incorporation as filed November 30, 2009, with the Pennsylvania Department of State Corporate Bureau                                                                     |   | Incorporated by reference from the Current Report on Form 8-K filed December 30, 2009                                             |
|          |   |                                                                                                                                                                                              |   |                                                                                                                              |
| Item 4        |   | Instruments Defining the Rights of Security Holders, Including Debentures                                                                                                                         |   |                                                                                                                              |
|          |   |                                                                                                                                                                                              |   |                                                                                                                              |
| 4.01          |   | Specimen stock certificate                                                                                                                                                                        |   | Incorporated by reference from the Quarterly Report on Form 10-Q for the quarter ended June 30, 2008, filed August 14, 2008       |
|          |   |                                                                                                                                                                                              |   |                                                                                                                              |
| Item 10       |   | Material Contracts                                                                                                                                                                                |   |                                                                                                                              |
|          |   |                                                                                                                                                                                              |   |                                                                                                                              |
| 10.20         |   | Form of Warrant to Purchase 500,000 Shares of Common Stock, par value $0.0001 (Charter Finance Group, Ltd., Raleston Consultants, Inc., and DBP Holdings, Limited, warrant holders) with schedule |   | Incorporated by reference from the Quarterly Report on Form 10-Q for the quarter ended June 30, 2008, filed August 14, 2008       |
|          |   |                                                                                                                                                                                              |   |                                                                                                                              |
| 10.21         |   | Memorandum of Agreement for Strategic Investment in Mobiclear, effective as of February 16, 2009                                                                                             |   | Incorporated by reference from the Current Report on Form 8-K filed February 23, 2009                                             |
|          |   |                                                                                                                                                                                              |   |                                                                                                                              |
| 10.22         |   | Convertible Promissory Note dated September 1, 2009                                                                                                                                          |   | Incorporated by reference from the Current Report on Form 8-K filed September 8, 2009                                             |
|          |   |                                                                                                                                                                                              |   |                                                                                                                              |
| 10.23         |   | Employment Agreement between Mobiclear Inc. and Luther Jao dated September 14, 2009                                                                                                               |   | Incorporated by reference from the Current Report on Form 8-K filed September 18, 2009                                            |
|          |   |                                                                                                                                                                                              |   |                                                                                                                              |
| 10.24         |   | Convertible Promissory Note dated November 12, 2009                                                                                                                                          |   | Incorporated by reference from the Current Report on Form 8-K filed November 17, 2009                                             |

----

| ExhibitNumber |   |  Title of Document                                                                                                                           |   |  Location                                                                                                           |
|---------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------|
|          |   |                                                                                                                                              |   |                                                                                                                     |
| 10.25         |   | Employment Agreement between Intelligent Communication Enterprise Corporation and Sarocha Hatthasakul dated May 25, 2010                          |   | Incorporated by reference from the Current Report on Form 8-K filed June 1, 2010                                    |
|          |   |                                                                                                                                              |   |                                                                                                                     |
| 10.26         |   | Employment Agreement between Intelligent Communication Enterprise Corporation and Bala Balamurali dated January 1, 2011                           |   | Incorporated by reference from the Current Report on Form 8-K filed January 4, 2011                                      |
|          |   |                                                                                                                                              |   |                                                                                                                     |
| 10.27         |   | Tenancy Agreement made between Teoh Boon Seng & Goh Soo Hor (f) and Radius-ED Sdn Bhd                                                         |   | This filing                                                                                                              |
|          |   |                                                                                                                                              |   |                                                                                                                     |
| Item 14.      |   | Code of Ethics                                                                                                                                    |   |                                                                                                                     |
|          |   |                                                                                                                                              |   |                                                                                                                     |
| 14.01         |   | Policy Statement on Business Ethics and Conflicts of Interest                                                                                     |   | Incorporated by reference from the Annual Report on Form 10-KSB for the year ended December 31, 2004, filed May 23, 2005 |
|          |   |                                                                                                                                              |   |                                                                                                                     |
| Item 21.      |   | Subsidiaries of the Registrant                                                                                                                    |   |                                                                                                                     |
|          |   |                                                                                                                                              |   |                                                                                                                     |
| 21.01         |   | Schedule of Subsidiaries                                                                                                                          |   | This filing                                                                                                              |
|          |   |                                                                                                                                              |   |                                                                                                                     |
| Item 31.      |   | Rule 13a-14(a)/15d-14(a) Certifications                                                                                                           |   |                                                                                                                     |
|          |   |                                                                                                                                              |   |                                                                                                                     |
| 31.01         |   | Certification of Principal Executive Officer Pursuant to Rule 13a-14                                                                              |   | This filing                                                                                                              |
|          |   |                                                                                                                                              |   |                                                                                                                     |
| 31.02         |   | Certification of Principal Financial Officer Pursuant to Rule 13a-14                                                                              |   | This filing                                                                                                              |
|          |   |                                                                                                                                              |   |                                                                                                                     |
| Item 32.      |   | Section 1350 Certifications                                                                                                                       |   |                                                                                                                     |
|          |   |                                                                                                                                              |   |                                                                                                                     |
| 32.01         |   | Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |   | This filing                                                                                                              |
|          |   |                                                                                                                                              |   |                                                                                                                     |
| 32.02         |   | Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |   | This filing                                                                                                              |

| * | The number preceding the decimal indicates the applicable SEC reference number in Item 601, and the number following the decimal indicating the sequence of the particular document.  Omitted numbers in the sequence refer to documents previously filed with the SEC as exhibits to previous filings, but no longer required. |
|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                            | INTELLIGENT COMMUNICATION ENTERPRISE CORPORATION |
|---------------------------------|--------------------------------------------------|
|                            |                                             |   |
|                            |                                             |   |
| Date:  April 15, 2011 | By:                                              | /s/ Bala Balamurali |
|                            |                                             | Bala Balamurali |
|                            |                                             | President and Principal Executive Officer |
|                            |                                             |   |
|                            |                                             |   |
| Date:  April 15, 2011 | By:                                              | /s/ Sarocha Hatthasakul |
|                            |                                             | Sarocha  Hatthasakul |
|                            |                                             | Principal Financial and Accounting Officer |

| /s/ Bala Balamurali                                             |
|-----------------------------------------------------------------|
| Bala BalamuraliPresident, Chief Executive Officer, and Director |
|                                                            |
| /s/ Nelson Wu                                                   |
| Nelson Wu, Director                                             |
|                                                            |
| /s/ Michael Hosking                                             |
| Michael Hosking, Director                                       |
|                                                            |
| /s/ Viji Rajasundram                                            |
| Viji Rajasundram, Director                                      |

----

----

| INTELLIGENT COMMUNICATION ENTERPRISE CORPORATION                                        |                                                           |
|-----------------------------------------------------------------------------------------|----------------------------------------------------------------|
| Consolidated Balance Sheets                                                             |                                                           |   |   |   |   |
| December 31, 2010 and 2009                                                              |                                                           |   |   |   |   |
|                                                                                    |                                                           |   |   |   |   |   |
|                                                                                    |                                                           |   2010 |   |   2009 |
| Assets                                                                                  |                                                           |   |   |   |   |   |
|                                                                                    |                                                           |   |   |   |   |   |
| Current assets:                                                                         |                                                           |   |   |   |   |
|                                                                                    | Cash                                                           | $ |          186,966  |   | $ |          620,412  |
|                                                                                    | Restricted cash                                                |   |                      -  |   |   |          152,392  |
|                                                                                    | Accounts receivable, net                                       |   |       1,412,733  |   |   |       1,782,553  |
|                                                                                    | Prepaid expenses and deposits                                  |   |            78,559  |   |   |          198,161  |
|                                                                                    | Note receivable                                                |   |          500,000  |   |   |                      -  |
|                                                                                    | Income taxes receivable                                        |   |            10,771  |   |   |            14,108  |
|                                                                                    | Total current assets                                           |   |       2,189,029  |   |   |       2,767,626  |
| Property and equipment, net                                                             |                                                           |          369,975  |   |   |          784,702  |
| Intangible assets, net                                                                  |                                                           |       3,966,879  |   |   |       2,037,291  |
|                                                                                    |                                                           |   |   |   |   |   |
| Total assets                                                                            | $                                                              |       6,525,883  |   | $ |       5,589,619  |
|                                                                                    |                                                           |   |   |   |   |   |
| Liabilities and Stockholders' Deficiency                                                |                                                           |   |   |   |   |
|                                                                                    |                                                           |   |   |   |   |   |
| Current liabilities:                                                                    |                                                           |   |   |   |   |
|                                                                                    | Accounts payable                                               | $ |       1,522,384  |   | $ |       2,296,860  |
|                                                                                    | Accrued expenses                                               |   |          755,403  |   |   |       1,166,916  |
|                                                                                    | Accrued compensation                                           |   |          492,734  |   |   |              6,996  |
|                                                                                    | Customer deposits and deferred revenue                         |   |          247,216  |   |   |          459,386  |
|                                                                                    | Amounts due to stockholder                                     |   |          472,806  |   |   |          515,061  |
|                                                                                    | Promissory note                                                |   |            17,352  |   |   |            17,352  |
|                                                                                    | Convertible notes payable, net of discounts                    |   |                      -  |   |   |       1,787,454  |
|                                                                                    | Total current liabilities                                      |   |       3,507,895  |   |   |       6,250,025  |
|                                                                                    |                                                           |   |   |   |   |   |
| Stockholders' Equity (Deficiency)                                                       |                                                           |   |   |   |   |
|        Preferred stock:                              |                                                           |   |   |   |   |
|                                                                                    | $0.0001 par value, authorized 150,000,000                      |   |   |   |   |   |
|                                                                                    | issued and outstanding  nil shares (2009 - nil)      |   |                      - |   |   |                      -  |
|        Common stock:                                 |                                                           |   |   |   |   |
|                                                                                    | $0.0001 par value, authorized 250,000,000,000 shares           |   |   |   |   |   |
|                                                                                    | issued and outstanding 640,023,118 shares (2009 - 436,667,826) |   |            64,000  |   |   |            43,665  |
|        Additional paid-in capital                    |                                                           |     25,532,084  |   |   |     15,315,676  |
|        Accumulated deficit                           |                                                           |   (22,737,828) |   |   |   (15,955,706) |
|        Accumulated other comprehensive income (loss) |                                                           |          159,732  |   |   |          (64,041) |
|                                                                                    | Total stockholders' equity (deficiency)                        |   |       3,017,988  |   |   |        (660,406) |
| Total liabilities and stockholders' equity (deficiency)                                 | $                                                              |       6,525,883  |   | $ |       5,589,619  |
|                                                                                    |                                                           |   |   |   |   |   |
| See accompanying notes to consolidated financial statements.                            |                                                           |   |   |   |

----

| INTELLIGENT COMMUNICATION ENTERPRISE CORPORATION             |
|--------------------------------------------------------------|
| Consolidated Statements of Operations                        |   |   |   |   |   |
| For the years ended December 31, 2010 and 2009               |   |   |   |   |
|                                                         |   |   |   |   |   |   |
|                                                         |   |   | 2010 |   |   | 2009 |
|                                                         |   |   |   |   |   |   |
| Revenue                                                      | $ |       8,935,320  |   | $ |       9,659,154  |
| Cost of revenue                                              |   |       7,231,471  |   |   |       7,776,285  |
| Gross margin                                                 |   |       1,703,849  |   |   |       1,882,869  |
|                                                         |   |   |   |   |   |   |
| Expenses:                                                    |   |   |   |   |   |
|                                                         | General and administrative |   |       8,294,581  |   |   |       5,333,195  |
|                                                         | Impairment loss |   |       3,175,856  |   |   |                      -  |
|                                                         | Total operating expenses |   |     11,470,437  |   |   |       5,333,195  |
| Loss from operations                                         |   |     (9,766,588) |   |   |     (3,450,326) |
|                                                         |   |   |   |   |   |   |
| Other income and expense:                                    |   |   |   |   |   |
|                                                         | Interest expense |   |          (10,185) |   |   |          (65,905) |
|                                                         | Interest expense - related parties |   |          (95,810) |   |   |        (199,345) |
|                                                         | Interest income |   |                 941  |   |   |              9,451  |
|                                                         | Gain from retraction of shares for acquisition |   |       3,089,520  |   |   |                      -  |
|                                                         | Total other income (expense) |   |       2,984,466  |   |   |        (255,799) |
|                                                         |   |   |   |   |   |   |
|                                                         |   |   |   |   |   |   |
| Net loss                                                     | $ |     (6,782,122) |   | $ |     (3,706,125) |
|                                                         |   |   |   |   |   |   |
|                                                         |   |   |   |   |   |   |
| Loss per share - basic and diluted                           | $ |              (0.01) |   | $ |              (0.09) |
|                                                         |   |   |   |   |   |   |
|                                                         |   |   |   |   |   |   |
| Weighted average number of shares outstanding                |   |   605,850,878  |   |   |     41,067,705  |
|                                                         |   |   |   |   |   |   |
|                                                         |   |   |   |   |   |   |
| See accompanying notes to consolidated financial statements. |   |   |   |   |

----

| INTELLIGENT COMMUNICATION ENTERPRISE CORPORATION                      |                                                                                                                                  |   |                                                                                                                                  |   |                                                                                                                                  |   |                                                                                                                                  |   |
|-----------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------|--------|
| Consolidated Statement of Stockholders' Equity and Comprehensive Loss |                                                                                                                                  |   |                                                                                                                                  |   |                                                                                                                                  |   |                                                                                                                                  |   |   |   |
| For the years ended December 31, 2010 and 2009                        |                                                                                                                                  |   |                                                                                                                                  |   |                                                                                                                                  |   |                                                                                                                                  |   |   |   |   |
|                                                                  | Common Stock                                                                                                                          |   | Additional Paid-in Capital                                                                                                            |   | Accumulated Deficit                                                                                                                   |   | Accumulated Other Comprehensive Income (Loss)                                                                                         |   | Total Stockholders' Equity (Deficiency) |
|                                                                  | Number of Shares                                                                                                                      |   | Amount                                                                                                                                |   |                                                                                                                                  |   |                                                                                                                                  |   |   |   |   |
|                                                                  |                                                                                                                                  |   |                                                                                                                                  |   |                                                                                                                                  |   |                                                                                                                                  |   |   |   |   |
| Balance December 31, 2008                                             |       2,366,973                                                                                    | $      |                 237                              | $      |     10,826,423                                                                                               | $      |   (12,249,581)                                                                                                              | $      |              25,332  | $ |     (1,397,589) |
| Net loss                                                              |                      -  |   |                      -  |   |                      -  |   |     (3,706,125)                                                                                                   |   |                        -  |   |     (3,706,125) |
| Foreign currency translations                                         |                      -  |   |                      -  |   |                      -  |   |                      -  |   |             (89,373) |   |          (89,373) |
| Comprehensive loss                                                    |                                                                                                                                  |   |                                                                                                                                  |   |                                                                                                                                  |   |                                                                                                                                  |   |   |   |     (3,795,498) |
| Adjust for shares issued on 2008 reverse split                        |              1,344                                              |   |  -                                                                                                                          |   |  -                                                                                                                          |   |                      -  |   |                        -  |   |                      -  |
| Adjust for shares issued on 2009 reverse split                        |          144,235                                                                    |   |                   14                   |   |                 (14)                                  |   |  -                                                                                                                          |   |  -  |   |  -  |
| Conversion of equity lines of credit                                  |       7,332,213                                                                                    |   |                 733                              |   |          416,916                                                                    |   |  -                                                                                                                          |   |  -  |   |          417,649  |
| Common stock issued for services                                      |       3,486,000                                                                                    |   |                 349                              |   |          212,651                                                                    |   |  -                                                                                                                          |   |  -  |   |          213,000  |
| Common stock issued for settlement of debt                            |     21,875,420                                                                                               |   |              2,188                                              |   |          939,696                                                                    |   |  -                                                                                                                          |   |  -  |   |          941,884  |
| Common stock issued for conversion of convertible notes payable       |     21,655,032                                                                                               |   |              2,163                                              |   |          406,181                                                                    |   |  -                                                                                                                          |   |  -  |   |          408,344  |
| Common stock issued for acquisition of subsidiary                     |   379,787,226                                                                                                          |   |            37,979                                                         |   |       2,370,855                                                                                    |   |  -                                                                                                                          |   |  -  |   |       2,408,834  |
| Common stock issued for exercise of options                           |            19,383                                                         |   |                     2        |   |                   30                   |   |  -                                                                                                                          |   |  -  |   |                   32  |
| Options issued to related party for services                          |  -                                                                                                                          |   |  -                                                                                                                          |   |            92,213                                                         |   |  -                                                                                                                          |   |  -  |   |            92,213  |
| Beneficial conversion feature of convertible notes payable            |  -                                                                                                                          |   |  -                                                                                                                          |   |            50,725                                                         |   |  -                                                                                                                               |   |  -  |   |            50,725  |
| Balance December 31, 2009                                             |   436,667,826                                                                                                          |   |            43,665                                                         |   |     15,315,676                                                                                               |   |   (15,955,706)                                                                                                              |   |             (64,041) |   |        (660,406) |
|                                                                  |                                                                                                                                  |   |                                                                                                                                  |   |                                                                                                                                  |   |                                                                                                                                  |   |   |   |   |
| Net loss                                                              |  -                                                                                                                          |   |  -                                                                                                                          |   |                      -  |   |     (6,782,122)                                                                                                   |   |                        -  |   |     (6,782,122) |
| Foreign currency translations                                         |  -                                                                                                                          |   |  -                                                                                                                          |   |  -                                                                                                                          |   |  -                                                                                                                               |   |            223,773  |   |          223,773  |
| Comprehensive loss                                                    |                                                                                                                                  |   |                                                                                                                                  |   |                                                                                                                                  |   |                                                                                                                                  |   |   |   |     (6,558,349) |
| Common stock issued for services provided                             |     18,270,000                                                                                               |   |              1,827                                              |   |       1,241,073                                                                                    |   |                      -       |   |                        -  |   |       1,242,900  |
| Common stock issued for acquisition of subsidiary                     |   202,613,061                                                                                                          |   |            20,261                                                         |   |       9,579,739                                                                                    |   |  -                                                                                                                               |   |   -  |   |       9,600,000  |
| Common stock issued for acquistion, retracted                         |   (52,920,000)                                                                                                              |   |            (5,292)                                                             |   |     (3,084,228)                                                                                                   |   |                      -       |   |                        -  |   |     (3,089,520) |
| Common stock issued for conversion of convertible notes payable       |     29,143,814                                                                                               |   |              2,914                                              |   |       1,998,497                                                                                    |   |                      -       |   |                        -  |   |       2,001,411  |
| Common stock issued for settlement of amounts due to stockholder      |       6,248,417                                                                                    |   |                 625                              |   |          444,798                                                                    |   |                      -       |   |                        -  |   |          445,423  |
| Options issued to related parties for services                        |                      -  |   |                      -  |   |            14,420                                                         |   |                      -       |   |                        -  |   |            14,420  |
| Beneficial conversion feature of convertible note payable             |  -                                                                                                                          |   |  -                                                                                                                          |   |            22,109                                                         |   |  -                                                                                                                               |   |  -  |   |            22,109  |
| Balance December 31, 2010                                             |   640,023,118                                                                                                          | $      |            64,000                                                         | $      |     25,532,084                                                                                               | $      |   (22,737,828)                                                                                                              | $      |            159,732  | $ |       3,017,988 |
|                                                                  |                                                                                                                                  |   |                                                                                                                                  |   |                                                                                                                                  |   |                                                                                                                                  |   |   |   |   |
| See accompanying notes to consolidated financial statements.          |                                                                                                                                  |   |                                                                                                                                  |   |                                                                                                                                  |   |                                                                                                                                  |   |   |   |   |

----

| INTELLIGENT COMMUNICATION ENTERPRISE CORPORATION             |
|--------------------------------------------------------------|
| Consolidated Statements of Cash Flows                        |   |   |   |   |   |
| For the years ended December 31, 2010 and 2009               |   |   |   |   |   |
|                                                         |   |   |   |   |   |   |   |
|                                                         |   |   |   2010 |   |   2009 |
| Cash provided by (used in):                                  |   |   |   |   |   |
|                                                         |   |   |   |   |   |   |   |
| Operating activities:                                        |   |   |   |   |   |
|                                                         | Net loss for the year | $ |     (6,782,122) |   | $ |     (3,706,125) |
|                                                         | Adjustment to reconcile net loss for the year to |   |   |   |   |   |
|                                                         | net cash used in operating activities: |   |   |   |   |   |
|                                                         |   | Depreciation of property and equipment |   |          500,100  |   |   |          543,950  |
|                                                         |   | Amortization of intangible assets |   |       3,081,710  |   |   |          986,902  |
|                                                         |   | Impairment loss |   |       3,175,856  |   |   |                    -  |
|                                                         |   | Gain from retraction of shares |   |     (3,089,520) |   |   |                    -  |
|                                                         |   | Equity line of credit discount |   |                    -  |   |   |            24,706  |
|                                                         |   | Commissions paid on equity line of credit |   |                    -  |   |   |            60,000  |
|                                                         |   | Common stock issued for services |   |       1,242,900  |   |   |          213,000  |
|                                                         |   | Options issued to related parties for services |   |            14,420  |   |   |            92,213  |
|                                                         |   | Amortization of debt discounts and beneficial conversion |   |   |   |   |   |
|                                                         |   |     features of convertible loans |   |            22,109  |   |   |          185,794  |
|                                                         |   | Changes in assets and liabilities, net |   |   |   |   |   |
|                                                         |   |    of effects of acquisition and disposition of subsidiaries: |   |   |   |   |   |
|                                                         |   |    Accounts receivable |   |          284,845  |   |   |        (587,410) |
|                                                         |   |    Prepaid expenses and deposits |   |          126,712  |   |   |            46,306  |
|                                                         |   |     Income taxes receivable |   |              3,337  |   |   |                    -  |
|                                                         |   |    Accounts payable |   |          413,399  |   |   |          780,149  |
|                                                         |   |    Accrued expenses |   |        (387,970) |   |   |          106,185  |
|                                                         |   |    Customer deposits and revenue in advance |   |        (212,170) |   |   |          305,164  |
|                                                         |   |    Accrued compensation |   |          585,334  |   |   |          159,636  |
|                                                         | Net cash used in operating activities |   |     (1,021,060) |   |   |        (789,530) |
|                                                         |   |   |   |   |   |   |   |
| Investing activities:                                        |   |   |   |   |   |
|                                                         | Purchase of property and equipment |   |          (29,427) |   |   |          (47,105) |
|                                                         | Cash component upon acquisition / disposition |   |            (2,306) |   |   |          677,250  |
|                                                         | Decrease (increase) in restricted cash |   |          152,392  |   |   |        (152,392) |
|                                                         | Net cash provided by investing activities |   |          120,659  |   |   |          477,753  |
|                                                         |   |   |   |   |   |   |   |
| Financing activities:                                        |   |   |   |   |   |
|                                                         | Proceeds from exercise of options |   |                    -  |   |   |                   32  |
|                                                         | Proceeds from equity lines of credit, net of commissions |   |                     -  |   |   |            80,000  |
|                                                         | Repayment of equity line of credit |   |                    -  |   |   |          (40,000) |
|                                                         | Proceeds from advance from director |   |                    -  |   |   |            26,260  |
|                                                         | Proceeds from advance from directors of subsidiary |   |   |   |   |   |
|                                                         |   | prior to acquistion |   |                    -  |   |   |          460,532  |
|                                                         | Repayment of advances to employees |   |            29,938  |   |   |                    -  |
|                                                         | Proceeds from advance from affiliated company |   |          528,450  |   |   |          412,736  |
|                                                         | Net cash provided by financing activities |   |          558,388  |   |   |          939,560  |
|                                                         |   |   |   |   |   |   |   |
| Increase in cash during the year                             |   |        (342,013) |   |   |          627,783  |
| Foreign exchange effect on cash                              |   |          (91,433) |   |   |          (21,509) |
|                                                         |   |   |   |   |   |   |   |
| Cash at beginning of the year                                |   |          620,412  |   |   |            14,138  |
|                                                         |   |   |   |   |   |   |   |
| Cash at end of the year                                      | $ |          186,966  |   | $ |          620,412  |
|                                                         |   |   |   |   |   |   |   |
| See accompanying notes to consolidated financial statements. |   |   |   |   |   |

----

| INTELLIGENT COMMUNICATION ENTERPRISE CORPORATION             |                   |                                                                                 |                                                                                                                            |
|--------------------------------------------------------------|------------------------|--------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|
| Consolidated Statements of Cash Flows (continued)            |                   |                                                                                 |                                                                                                                            |   |   |
| For the years ended December 31, 2010 and 2009               |                   |                                                                                 |                                                                                                                            |   |   |
|                                                         |                   |                                                                                 |                                                                                                                            |   |   |   |   |
| Supplementary Information:                                   |                   |                                                                                 |                                                                                                                            |   |   |
|                                                         |                   |                                                                                 |   2010                                                                                                                |   |   2009 |
|                                                         |                   |                                                                                 |                                                                                                                            |   |   |   |   |
|                                                         | Interest paid          | $                                                                                    |                      - |   | $ |                   98 |
|                                                         | Income taxes paid      |                                                                                 |                      - |   |   |                      - |
|                                                         |                   |                                                                                 |                                                                                                                            |   |   |   |   |
|                                                         | Non-cash transactions: |                                                                                 |                                                                                                                            |   |   |   |
|                                                         |                   | Convertible note payable issued for settlement                                       |                                                                                                                            |   |   |   |   |
|                                                         |                   |    of accounts payable, accrued expenses, advances to related parties |                                                                                                                            |                      - |   |   |          829,187 |
|                                                         |                   | Promissory note payable issued for settlement of equity line of credit               |                                                                                                                            |                      - |   |   |            17,352 |
|                                                         |                   | Beneficial conversion feature issued with                                            |                                                                                                                            |   |   |   |   |
|                                                         |                   |    convertible notes payable                                          |                                                                                                                            |                      - |   |   |            50,725 |
|                                                         |                   | Common stock issued for settlement of                                                |                                                                                                                            |   |   |   |   |
|                                                         |                   |    accounts payable and accrued expenses                              |                                                                                                                            |                      - |   |   |          112,697 |
|                                                         |                   | Common stock converted for settlement of                                             |                                                                                                                            |   |   |   |   |
|                                                         |                   |    equity lines of credit                                             |                                                                                                                            |                      - |   |   |          417,649 |
|                                                         |                   | Common stock issued for acquisition of subsidiary                                    |                                                                                                                            |       9,600,000 |   |   |       2,408,834 |
|                                                         |                   | Sale of shares of Radius-ED Ltd. for note receivable                                 |                                                                                                                            |          500,000 |   |   |                      - |
|                                                         |                   | Common stock issued for conversion of convertible notes payable                      |                                                                                                                            |       2,001,411 |   |   |                      - |
|                                                         |                   | Common stock issued for settlement of amounts due to stockholder                     |                                                                                                                            |          445,423 |   |   |                      - |
|                                                         |                   |                                                                                 |                                                                                                                            |   |   |   |   |
| See accompanying notes to consolidated financial statements. |                   |                                                                                 |                                                                                                                            |   |   |

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| Assets                                |   |       |
|---------------------------------------|--------|------------|
| Cash                                  | $      | 28,617     |
| Accounts receivable                   |   | 83,158     |
| Due from related parties              |   | 411,954    |
| Property and equipment                |   | 39,017     |
| Intangible assets                     |   | 9,623,318  |
| Total assets                          |   | 10,186,064 |
|                                  |   |       |
| Liabilities                           |   |       |
| Accounts payable and accrued expenses |   | 586,064    |
|                                  |   |       |
| Net assets acquired                   | $      | 9,600,000  |

----

|                                     | IntelligentCommunicationEnterprise Actual1/1/2009 to 12/31/2009           |   | Solesys1/1/2009 to12/31/2009     |   | Pro Forma                                                |
|------------------------------------------|---------------------------------------------------------------------------|--------|----------------------------------|--------|----------------------------------------------------------|
| Revenue                                  | $ 9,659,154                                                               |   | $    311,352 |   | $ 9,970,506                                              |
| Net income (loss) for the period         |     (3,706,125)                                       |   |    (3,197,387)    |   |    (6,903,512)                            |
| Loss per share – basic and diluted |            $(0.09) |   |                             |   |          $(0.04) |

|                                       |  2010 |                                  |  2009 |
|--------------------------------------------|------------|---------------------------------------|------------|
| Furniture, computer equipment and software | $     |  2,791,700                  |       | $  |  2,509,238  |
| Leasehold improvements                     |       |    48,630         |       |   | 48,736  |
| Vehicle                                    |       | -                                |       |   | 54,094  |
|                                       |       | 2,840,330                        |       |   | 2,612,068  |
| Less accumulated depreciation              |       | (2,470,355)                           |       |   | (1,827,366) |
|                                       |       |                                  |       |   |   |
| Property and equipment, net                | $     |     369,975  |       | $  |     784,702  |

----

|                                |  December 31, 2010 |                            |  December 31, 2009 |
|-------------------------------------|-------------------------|---------------------------------|-------------------------|
| Customer and reseller relationships | $                  |    655,955  |                    | $  |  1,271,113  |
| Supplier contracts                  |                    | 1,062,852                  |                    |   | 1,779,558  |
| Intellectual property               |                    | 6,346,370                  |                    |   | --  |
|                                |                    | 8,065,177                  |                    |   | 3,050,671  |
| Less accumulated amortization       |                    | (4,098,298)                     |                    |   | (1,013,380) |
|                                |                    |                            |                    |   |   |
| Intangible assets, net              | $                  | 3,966,879                  |                    | $  |  2,037,291  |

----

| ·   | issued 16,800,000 shares of common stock for services received with a fair value of $1,140,000; |
|--------------------|-------------------------------------------------------------------------------------------------|

| ·   | issued 202,613,061 shares of common stock for the acquisition of all the outstanding shares of Solesys with a fair value of $9,600,000; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | retracted 52,920,000 shares of common stock, with a fair value of $3,089,520, related to the acquisition of Solesys (see note 3); |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------|

| ·   | issued 1,470,000 shares of common stock for services received with a fair value of $102,900; |
|--------------------|----------------------------------------------------------------------------------------------|

| ·   | issued 29,143,814 shares of common stock for convertible promissory notes in the amount of $1,912,736 and accrued interest in the amount of $88,675; and |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | issued 6,248,417 shares of common stock in settlement of $445,423 due to a stockholder. |
|--------------------|-----------------------------------------------------------------------------------------|

| ·   | issued 4,256,721 shares of common stock for conversion of $277,649 owed on equity line of credit advances received during 2008; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------|

| ·   | issued 3,075,492 shares of common stock for conversion of $140,000 owed on equity lines of credit advances received in 2009; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------|

| ·   | issued 3,486,000 shares of common stock for services with a fair value of $213,000; |
|--------------------|-------------------------------------------------------------------------------------|

| ·   | issued 896,000 shares of common stock for settlement of debt with a total fair value of $112,697; |
|--------------------|---------------------------------------------------------------------------------------------------|

| ·   | issued 19,383 shares of common stock for the exercise of options with an aggregate conversion amount of $32; |
|--------------------|--------------------------------------------------------------------------------------------------------------|

| ·   | issued 20,979,420 shares of common stock on the conversion of a consolidated convertible note with a fair value of $829,187; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------|

| ·   | issued 21,655,032 shares of common stock on the conversion of convertible notes payable with a fair value of $408,344; and |
|--------------------|----------------------------------------------------------------------------------------------------------------------------|

| ·   | issued 379,787,226 shares of common stock for the acquisition of all the outstanding shares of Radius with a fair value of $10 million. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------|

| Number of Warrants                      | Exercise Price                                              | Expiry |
|-----------------------------------------|-------------------------------------------------------------|--------|
|                                    |                                                        |   |
|       308 | $   71.43                                    | 2011   |
|       280 |      82.14                         | 2011   |
|    1,400                 |    571.43                                    | 2012   |
| 17,500                                  |          0.031      | 2013   |
| 35,000                                  |          0.018 | 2013   |

----

|                                                     | Number of       |   | Weighted Average         |
|----------------------------------------------------------|-----------------|--------|--------------------------|
|                                                     | Options         |   | Exercise Price           |
| Outstanding at December 31, 2008                         | 22,008     |   |                     |
| to an employee on May 1, 2009, fair value $96            | 840        |   | $0.0003                  |
| options forfeited                                        | (1,260)         |   |  0.095              |
| options exercised                                        | (19,404)        |   |    0.0001 |
| to employees on November 12, 2009, fair value of $92,117 | 4,772,250  |   |  0.042              |
|                                                     |            |   |                     |
| Outstanding at December 31, 2009                         | 4,774,434  |   | $0.042                   |
| Options forfeited                                        | (2,005,500)     |   | 0.042                    |
| Outstanding at December 31, 2010                         | 2,768,934  |   | $0.042                   |

|              |   | Number                                          |   | Average     |   | Number                                    |   | Intrinsic                                            |
|-------------------|--------|-------------------------------------------------|--------|-------------|--------|-------------------------------------------|--------|------------------------------------------------------|
|              |   | Outstanding                                     |   | Remaining   |   | Exercisable                               |   | Value                                                |
|              |   | at                                              |   | Contractual |   | at                                        |   | at                                                   |
|              |   | December 31,                                    |   | Life        |   | December 31,                              |   | December 31,                                         |
| Exercise Price    |   | 2010                                            |   | (Years)     |   | 2010                                      |   | 2010                                                 |
| $0.008            |   |        2,184 |   | 1.58        |   |       2,184 |   | $        147 |
|   0.042 |   | 2,766,750                                       |   | 3.83        |   | 2,488,535                                 |   |    167,087                            |

----

|                                                   |  2010 |                                                                                                     |  2009 |
|--------------------------------------------------------|------------|----------------------------------------------------------------------------------------------------------|------------|
| Deferred tax assets                                    |       |                                                                                                     |       |   |   |
| Net operating loss carryforwards – United States | $     |   2,084,000                                                                               |       | $  |  1,902,000  |
| Net operating loss carryforwards – Foreign       |       | 1,675,000                                                                                           |       |   | 1,731,000  |
| Valuation allowance                                    |       | (3,759,000)                                                                                              |       |   | (3,633,000) |
| Net deferred tax assets                                | $     |                 --  |       | $  |                --  |

----

|    |    Year Ended December 31, 2010 |                                                                                                          |    Year Ended December 31, 2009 |
|---------|------------------------------------------------|---------------------------------------------------------------------------------------------------------------|------------------------------------------------|
| Revenue |                                           |                                                                                                          |                                           |   |   |
| iCEmat  | $                                         |                  -  |                                           | $  |                  -  |
| iCEmms  |                                           | 8,855,053                                                                                                |                                           |   |  9,659,154  |
| iCEsync |                                           | 80,267                                                                                                   |                                           |   |   |
|    | $                                         |  8,935,320                                                                                     |                                           | $  |  9,659,154  |
| Loss    |                                           |                                                                                                          |                                           |   |   |
| iCEmat  | $                                         | (20,215)                                                                                                      |                                           | $  | (1,488,443) |
| iCEmms  |                                           | (3,527,342)                                                                                                   |                                           |   | (2,217,682) |
| iCEsync |                                           | (3,234,565)                                                                                                   |                                           |   | -  |
|    | $                                         | (6,782,122)                                                                                                   |                                           | $  | (3,706,125) |
| Assets  |                                           |                                                                                                          |                                           |   | -   |
| iCEmat  | $                                         |    502,500                                                                                |                                           | $  |          5,478  |
| iCEmms  |                                           | 2,523,384                                                                                                |                                           |   | 5,584,141  |
| iCEsync |                                           | 3,499,999                                                                                                |                                           |   | -  |
|    | $                                         |  6,525,883                                                                                          |                                           | $  |  5,589,619  |

|              |   Year Ended December 31 |       |  Long-lived Assets |
|-------------------|------------------------------------|------------|-------------------------|
|              |                               | 2010       |                    | 2009 |   |   | 2010 |   | 2009 |
| Revenues          |                               |       |                    |   |   |   |   |   |   |
| Asia              | $                             | $6,152,354 | $                  | $3,998,890 |   | $  | $4,336,854 | $  | $2,821,993 |
| Europe            |                               | 2,782,966  |                    | 5,660,264 |   |   | - |   | - |
| All other regions |                               | -          |                    | - |   |   | - |   | - |
|              | $                             | $8,935,320 | $                  | $9,659,154 |   | $  | $4,336,854 | $  | $2,821,993 |

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