Icon Media Holdings, Inc. Provides Update on Audit and Filing of Form 10

RALEIGH, NC--(Marketwired - Dec 16, 2015) - Icon Media Holdings, Inc. (OTC PINK: ICNM), a diversified global technology company that specializes in wireless infrastructure and technical services via Spectrum-Velocity™ for the wireless industry, is providing an update to shareholders and the investment community today.

As it relates to the progress of completing the audit of its financial statements for years 2013 and 2014, the auditing firm has communicated that they are in the final review and anticipates that the financial statements should be completed very soon.

Rob Deakin, CEO of Icon Media Holdings, Inc., stated, "The Icon Management Team will be very proud of the accomplishment of completing the auditing process. This will provide more clarity and transparency to Icons' financials going back to 2011, when we merged our business."

Mr. Deakin also added, "This is the first time that ICNM will have audited statements as a public company since late 2003. This is a very positive step for our Company, our dedicated staff and all of our shareholders who have been supporting us."

As soon as the audited statements are complete, Icon's SEC Securities Attorneys will complete the Form 10, which will be filed with the SEC. Once the Form 10 is declared "effective" by the SEC, Icon will then be deemed a SEC Fully Reporting Company.

As a fully reporting company, Icon will be in a strong position to begin execution on phase two of its exciting Business Plan, which was outlined in a news release on 29 October 2015.

Mr. Deakin concluded his statements by saying, "The Icon management team has demonstrated thus far in 2015 that they can set worthy business goals and execute them. The team is very excited about its Spectrum Velocity™ business prospects in 2016 due to the rapidly growing Wireless Infrastructure Services industry."

About Icon Media Holdings, Inc. (ICNM)
www.iconmediaholdings.com
www.spectrumvelocity.com

Icon Media Holdings (OTC PINK: ICNM) is a diversified global technology company that specializes in technical and infrastructure services for the wireless industry. The Company provides turnkey small cell network, distributed antenna systems ("DAS") and Wi-Fi technical consulting, design and implementation services through its subsidiary Spectrum Velocity®. Our customer base includes the wireless industry as well as enterprise clients.

Sign up for investor updates on our website and on the investor relations page.

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.