8-K

UNITED STATES

SECURITIES EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

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FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report: January 7, 2005

INTELLIGENT MOTOR CARS GROUP, INC.

(Exact name of registrant as specified in its charter)

DELAWARE	333-88952	74-3022293
(State or other jurisdiction of incorporation or organization)	File Number	(I.R.S. Employer Identification No.)

1600 W. Sunrise Blvd.

Fort Lauderdale, Florida  33311

(Address of principal executive offices)(Zip Code)

Registrant's telephone number  (954) 462-0500

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 8.01   Other Events.

On January 7, 2005, the Registrant’s Board of Directors authorized a 7 for 1 forward split of the Registrant’s issued and outstanding common stock to shareholders of record on January 20, 2005.  The effective date of the forward split will be January 24, 2005.  On January 11, 2005, the Registrant issued a press release announcing the forward split.  The press release is attached hereto as Exhibit 99.1 to this Form 8-K.

ITEM 9.01   Financial Statements and Exhibits.

(c)

Exhibits.

99.1

Press release dated January 11, 2005

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: January 11, 2005

INTELLIGENT MOTOR CARS GROUP, INC.
By:	/s/ GERALD SCALZO
	Gerald Scalzo, CEO

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EX-99.1

Exhibit 99.1

Intelligent Motor Cars Group Announces 7-for-1 Forward Split Date

FORT LAUDERDALE, Fla., Jan 11 2005 -- Intelligent Motor Cars Group Inc. (OTCBB: IMCG), today announced the date for its forward stock split. The common stock dividend is payable to shareholders of record at the close of business on Jan 20, 2005, with an effective split date of Jan 24, 2005. The 7-for-1 stock split will be awarded in the form of a common stock dividend to shareholders of record. As a result, shareholders of record will see seven additional shares for each share held as of the close of business on record date.

Mike Magolnick, IMC's chief operating officer, stated, "We are confident about the outlook for Intelligent Motor Cars and the Company’s renewed focus on the wholesale automotive market. Liquidity should continue to increase, as well as our shareholder base, as a result of our splitting the stock."

About Intelligent Motor Cars Group Inc.

Intelligent Motor Cars Group Inc., through its wholly owned subsidiary, Intelligent Motor Cars Inc. d/b/a Sun Auto Sales and Leasing, is a diverse South Florida car company, which provides, among other services, sales, service, reconditioning and financing. In addition to retail sales, IMCG is also engaged in wholesale, auction and Internet programs to market and sell vehicles to the financially challenged consumer market.

FORWARD-LOOKING STATEMENTS

Certain statements in this press release constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Intelligent Motor Cars Group Inc. ("the Company"), or automobile related industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements, including that the Company's current revenue levels are not necessarily indicative of its future revenue levels or future financial performance. The Company's future operating results are dependent upon many factors, including but not limited to: (i) whether the Company is able to obtain sufficient funding to fund its expansion plans; (ii) whether the Company is able to build the management and human resources and infrastructure necessary to s upport the growth of its business; (iii) competitive factors and developments in the automobile industry; (iv) federal, state and local regulations pertaining to health and environmental quality standards; licensing/registration; financing; consumer protection; and safety; (v) the Company's ability to collect on receivables from high risk credit clients; (vi) the Company's ability to efficiently price and negotiate acquisitions on a favorable basis; (vii) whether the Company efficiently integrates the operations of other automobile dealerships it may acquire; and (viii) any negative economic conditions that would negatively affect the Company's business and expansion plans. Further information regarding the Company's business and its financial results may be obtained from the Company's periodic and other filings with the Securities and Exchange Commission which are available for review at www.sec.gov under "Search for Company Filings."

SOURCE: Intelligent Motor Cars Group Inc.

Intelligent Motor Cars Group Inc., Fort Lauderdale

Brian Heckathorne, 713-297-8886