RALEIGH, NC — (Marketwire) — 07/28/11 — Icon Media Holdings, Inc. (PINKSHEETS: ICNM) announced today that the Company has been funded with a working capital facility arranged by Rising Bird, Inc., San Rafael, CA. This credit line will assist the company in its day to day business operations and establishes an opportunity to expand its marketing/sales objectives.
Domestic online sales totaled $176 billion in 2010, an increase of 11% over the previous year according to Forrester Research. Rob Deakin, President and CEO, commented, “Icon Media Holdings is confident that its corporate strategy to increase its business through internal growth as well as seeking strategic acquisition opportunities makes sense in the explosive e-commerce space. This new credit source allows the company to act quickly when such opportunities present themselves. One of our goals is to have the flexibility to also increase market share. We feel that this credit facility is a step in the right direction for Icon Media Holdings.”
Ali Neesaneh, President of Rising Bird, Inc. (), added, “We are excited by the prospects of Icon Media Holdings- business model and see the potential of their expanding into other e-commerce enterprises as well through acquisitions. We look forward to assisting them in this endeavor and a mutually long term relationship.”
About Icon Media Holdings, Inc. (PINKSHEETS: 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: .
About Rising Bird, Inc.
Rising Bird, Inc. is a business financial consulting firm established for the purpose of helping businesses to expand Business mergers and acquisitions, etc. Rising Bird, Inc. offers strategic and creative approaches to help clients reach their financial goals.
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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