RALEIGH, NC — (Marketwired) — 08/01/17 — . (OTC PINK: ICNM), a diversified global technology company that specializes in technical services for the cellular and wireless industries, is updating the status of the acquisition of the assets of a leading RF (radio frequency) engineering company.
As previously announced, Icon entered into a Letter of Intent whereby we had 60 days exclusively to perform due diligence and begin formalizing the asset purchase agreement. We are pleased to report that the due diligence has progressed well and we have therefore extended the 60-day time limit in order to complete the Asset Purchase Agreement.
“We are very happy that this acquisition is moving forward and are working hard to close this as soon as possible,” stated Rob Deakin, Chairman and CEO of Icon Media Holdings, Inc. “In addition, we are very pleased at the progress they have made in their sales efforts. The backlog of work they have booked since we started this process has surpassed our initial projections,” Deakin concluded.
The Company will update the status of this acquisition, as well as any other pertinent information, as warranted.
About Icon Media Holdings, Inc. (ICNM)
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.
Icon Media Holdings
Rob Deakin
Phone: 919.237.5700 ext. 205
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