Icon Media Holdings, Inc. Announces Large Scale Product Launch on Amazon Canada, Expects an Increase in Short Term Gross Reve...
November 17 2011 - 8:00AM
Marketwired
Icon Media Holdings, Inc. (PINKSHEETS: ICNM) announced today that
the Company has launched a storefront on Amazon Canada. This
particular venue has been successfully in operation for the last
four months under the brand name "Punt Dog Posters." Product
add-ons such as framing and laminating are also being offered,
allowing for higher average order values. The storefront can be
found at http://tinyurl.com/7hbwx3q.
In 2010 consumers in Canada spent $16 billion online for
products and services (including travel), according to Jeffrey Grau
from eMarketer. By 2015, Canadian online spending will nearly
double. Although Icon enjoys only a small percentage of this
market, it has proven beneficial to the Company's overall bottom
line.
The strength of the Canadian dollar and the popularity of
American pop culture should make this an effective and profitable
channel. The Company expects the addition of this new selling
platform and marketplace will provide an additional 5% in gross
revenue.
"Canada has always been an important target market for our
products and with the Amazon channel we are able to offer a more
localized presence into the market," said Rob Deakin, CEO of Icon.
"This launch ties in with our growth and expansion strategy and we
anticipate it being a good revenue generator for us."
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: 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.
Contact: Terry Kraemer Phone: 919.237.5700 ext. 203
info@iconmediaholdings.com
Icon Media (PK) (USOTC:ICNM)
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