ICRD is really exploding today. Yesterdays volume on ICRD was a scant 55K while by 11:30 today it’s closing in on 3 million shares and it’s holding nicely up 70%.

Here’s International Card Establishment, Inc. latest press release:

CAMARILLO, CA–(MARKET WIRE)–Apr 1, 2009 — International Card Establishment, Inc. (I.C.E) (OTC BB:ICRD.OB – News) today announced that it was profitable in 2008 in reporting its fourth quarter and year end financial results for the period ended December 31, 2008.

For the year ended December 31, 2008, I.C.E. had net income of $ 64,323 ($ 0.00 per share) on net revenue of $ 7,599,557, versus a loss of $(3,764,850) ($ 0.11 per share) on revenues of $ 9,222,659 for 2007. The 18 % decline in revenues, attributable to a difficult economic climate and merchant account attrition, was also caused in part by I.C.E. concentrating its resources on higher margin Gift and Loyalty business segments, whose revenues are lower than the traditional credit card processing business. The company is embarking on a number of new marketing and operating initiatives, to be announced shortly, that will focus the company on these higher margin business segments and provide merchants with a vast array of marketing and promotional tools. Read full release here: http://finance.yahoo.com/news/International-Card-iw-14810830.html