RALEIGH, NC--(Marketwired - Sep 30, 2015) - Icon Media Holdings, Inc. (
To our shareholders:
2015 continues to be a transformative year for Icon. As previously announced, the Company formed Spectrum Velocity with the purpose of entering the expanding Wireless Infrastructure services industry. As we have been developing this business and analyzed the industry we realized that the opportunities for growth and success in this business segment are greater than we originally forecasted, and will be less capital intensive. Therefore, we have made a calculated decision to put 100% focus on this segment of our business.
As a result of this decision, we have discontinued putting any additional resources towards the e-commerce business. We continue to generate revenue from this business in the short term, however, as we will continue to sell off the remaining inventory.
The world will never be the same again since the invention of the Smartphones, the iPads and the Applications that operate on them.
With the focus solely on the Wireless Infrastructure services industry, we have taken the following additional steps to build the business:
We sincerely thank you for your continued support and we look forward to what lies ahead of us. Our success will be due to our employees, our supportive shareholders, our Board of Directors and our Strategic Advisors. We have a number of exciting opportunities on the horizon and I look forward to announcing these in the near future. Our team is hard at work doing a phenomenal job for you, our shareholders, and our customers. We are grateful for their talent and commitment.
Sincerely,
Rob Deakin
Chairman & CEO
Icon Media Holdings, Inc.
About Icon Media Holdings, Inc. (ICNM)
www.iconmediaholdings.com
www.spectrumvelocity.com
Icon Media Holdings (
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 Information:
Contact:
Jerry Brown
Phone: 919.237.5700 ext. 203
info@iconmediaholdings.com