Icon Media Holdings, Inc. Announces Accelerated Entry Into Online Medical/Adult Use Marijuana Markets With Planned Expansion
Company's New President to Leverage Warehouse Facility, New Expanded Online Footprint to Increased Sales Volume
RALEIGH, NC--(Marketwired - May 15, 2014) - Icon Media Holdings, Inc. (PINKSHEETS: ICNM), a Raleigh, NC-based online retailer and website publisher, announced today its new online direction in the wholesale/retail multi-billion dollar marijuana space which will be supported by its current order fulfillment operations located at its 9,000 square foot warehouse facility.
"Our unique entry into the bourgeoning legal marijuana industry will, in my view, significantly impact our efforts in expanding ICNM's established online footprint, driving revenues well beyond last year's $1.2 million and achieving greater operating efficiencies at our Raleigh warehouse," said ICNM's new President/COO, Jerry Brown. "This is a terrific way to start our pursuit of market share in new high-growth markets, and we look forward to announcing our future progress," Mr. Brown concluded.
About Icon Media Holdings, Inc. (ICNM)
Icon Media Holdings, Inc. is a diversified global technology 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 offers fulfillment services, merchant processing and select financial products to other e-commerce businesses. www.iconmediaholdings.com.
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.
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