|Page (1) of 1 - 11/17/11||email article||print page|
Icon Media Holdings, Inc. Announces Large Scale Product Launch on Amazon Canada, Expects an Increase in Short Term Gross Revenue(November 17, 2011)
RALEIGH, NC -- (Marketwire) -- 11/17/11 -- 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.
Phone: 919.237.5700 ext. 203
Copyright @ Marketwire
Related Keywords: Icon Media Holdings, Inc., Canada, USA, Marketwire, Inc., , Financial,