RALEIGH, NC — (Marketwired) — 10/08/15 — . (OTC PINK: ICNM), a diversified global technology company that specializes in technical infrastructure services for the wireless industry, announced today that the Company has begun the process of getting to fully reporting status with the U.S. Securities and Exchange Commission.
The Company has retained experienced and well respected accounting, legal and auditing firms to complete the process of filing a Form 10 with the SEC. Each firm engaged has successfully been involved in preparing the necessary documentation for effective filings in the past.
Becoming fully reporting adds value to the Company by increasing transparency for shareholders and the investment community and will provide the Company with better funding opportunities.
Rob Deakin, CEO of Icon Media Holdings stated, “Along with changes in our business model and our emphasis on the wireless infrastructure industry through growing Spectrum Velocity, getting to fully reporting status with the SEC is another major milestone in our growth as a Company. While I am not going to try to speculate when this process is going to be completed, we have kept our records up to date and thus are well on our way to completing the required audit for the past three years and the preparation of the legal portion of the Form 10.”
Deakin continued, “Although there is no way to quantify the added value of getting to fully reporting status, the improved terms for funding for fully reporting companies will be significant, and it will help us achieve our business objectives.”
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.
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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:
Jerry Brown
Phone: 919.237.5700 ext. 203
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