RALEIGH, NC — (Marketwire) — 07/20/11 — Icon Media Holdings, Inc. (PINKSHEETS: ICNM) announced today that the Company continues to expand internationally and has launched a storefront on Amazon Germany.
Global online sales are predicted to increase 13.5% annually for the next four years and reach an estimated $1.4 trillion in 2015, according to Cisco Systems Economics & Research Practice. “Amazon offers Icon a cost effective way of expanding into several of these key global markets, and Germany, in particular, is a very good market for American pop culture. This launch ties in with our growth and expansion strategy and we anticipate it being a good revenue generator for us,” said Rob Deakin, CEO of Icon.
The initial number of products offered exceeds 125,000 individual items and should surpass 200,000 by the fourth quarter of this year.
About Icon Media Holdings, Inc. (ICNM):
Icon Media Holdings, Inc. is a diversified global e-commerce company. The Company currently owns and/or operates e-commerce websites and sells on storefronts such as Amazon, Amazon UK and eBay, among others. The Company also supports e-commerce companies through its financial services division IFX Financial Group. Website: .
Forward-Looking Statements & Disclaimers:
The information in this Press Release includes certain “forward-looking” statements within the meaning of the Safe Harbor provisions of Federal Securities Laws, as that term is defined in section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities Exchange Act of 1934, as amended. Statements in this document, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.
Contact:
Rob Deakin
Phone: 919.237.5700 ext. 205
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