Torbay Holdings/ICC Worldwide Receives OTCBB Ineligibility Notification

Business Wire, Nov 28, 2007

IRVINE, Calif. -- ICC Worldwide, a registered DBA of Torbay Holdings, Inc. (OTCBB: TRBYE) announced today the firm has been notified by FINRA, the Financial Industry Regulatory Authority that pursuant to NASD Rule 6530(e), the firm has been delinquent in its reporting obligations three times during the past 24 months. As a result, the firm will be ineligible for trading on the OTCBB for a period of 12 months beginning 11/29/2007.

More specifically, the firm is currently delinquent with its 10-QSB filing for the quarter ending 9/30/2007. This filing was due not later than 11/19/2007. According to the FINRA notice, during the past 24 months the firm has previously been delinquent with filings on two other occasions. These were late filings of the firm's annual reports (Form 10-KSB) for the years ended 12/31/2006 and 12/31/2005.

According to Rich Lauer, President & CEO of Torbay Holdings, Inc., "This notice of ineligibility under NASD Rule 6530(e) is extremely disappointing. The establishment and rapid implementation of our new Italian-based strategy has, not surprisingly, generated quite a number of start-up type challenges. In the course of just a few weeks in September, we acquired a collection of assets worth more than $850,000. We then began operations at a number of new ICC retail locations in Italy. In this environment, coordinating the myriad of issues relative to the first time end-of-quarter financial closing has been understandably complex and time-consuming."

Lauer continued, "Had there not been two previous delinquent filings, this would not have become a problem. It would have been resolved on a straight-forward administrative basis within 30 days with no impact on our OTCBB status. The two previous late filings both occurred prior to our recent financing and change of management. At this point virtually all of the outstanding issues have been resolved and we expect to complete the filing shortly. Completion of this filing, while important, will not change the ineligibility ruling."

George Stevens, Chairman of Torbay Holdings/ICC Worldwide stated, "Due to imposition of the 3-strike provision of Rule 6530(e), our stock will trade on the Pink Sheets Electronic OTC Market until such time that we are reinstated on the OTC Bulletin Board. It is our intention to reapply to the OTCBB at the end of the mandated 12 month period. In the interim, we plan to continue providing the same level of SEC-stipulated filings, including audits, as if we were still operating under the auspices of the OTCBB."

About ICC Worldwide

ICC Worldwide is a registered DBA of Torbay Holdings, Inc. The firm provides a range of communications, entertainment, and financial services products to the diverse immigrant worker communities in Western Europe. ICC also markets specialized alimentary products (ethnic food and beverages) to its customers through its rapidly growing network of wholesale and retail distribution centers in Italy. The firm's principal operating units are located in Italy and the Republic of San Marino. ICC's U.S. headquarters is located in Irvine, California.

Forward-Looking Statements

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Torbay Holdings, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

FOR INVESTOR INQUIRIES:

Please visit the Company's website: www.iccww.com, or email: info@iccww.com

Trading Symbol (Torbay Holdings): OTC BB: TRBYE.OB

ICC Worldwide is a Trademark of Torbay Holdings, Inc.

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