RALEIGH, NC — (Marketwire) — 10/12/11 — Icon Media Holdings, Inc. (PINKSHEETS: ICNM) announced today that the Company has continued expanding into Europe by launching a storefront on Amazon France.
Online shopping has continued its exceptional growth in France. According to the Federation du E-commerce de la Vente a Distance (FEVAD), e-commerce sales are projected to be up 22% this year to $54 billion (US).
“The launch in France is the continuation of our global expansion strategy. This is the third largest e-commerce market in Europe and it is important to begin creating a localized presence in new markets,” said Rob Deakin, CEO of Icon.
The product launch has already started generating additional revenue and should be fully operational before the important holiday purchasing season begins. The Company projects that this channel could add 7-8% in additional revenue the first year.
About Icon Media Holdings, Inc. (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: .
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:
Terry Kraemer
Phone: 919.237.5700 ext. 203
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