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Icon Media Holdings, Inc. to Report Fourth Quarter 2011 Results(February 08, 2012)
RALEIGH, NC -- (Marketwire) -- 02/08/12 -- Icon Media Holdings, Inc. (PINKSHEETS: ICNM) set to report results for the Fourth Quarter ended December 31, 2011.
For the quarter ended December 31, 2011, gross revenue increased by 19% compared to the same period in 2010. The increase in sales for the quarter is due in part to our acquisition of IFX Financial Services Group as well as our expansion into other markets.
ComScore, Inc., a leader in measuring the digital world, released its Q4 2011 U.S. retail e-commerce sales estimates, which showed that online retail spending reached $49.7 billion for the quarter, up 14 percent versus year ago. This growth rate represented the ninth consecutive quarter of positive year-over-year growth and fifth consecutive quarter of double-digit growth rates.
CEO Rob Deakin said, "We are encouraged by the initial results of our growth initiatives and will continue to focus on aggressively increasing shareholder value in 2012."
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, including www.moviegoods.com, www.puntdogposters.com, and sells globally on storefronts such as Amazon and eBay, among others. The Company also supports e-commerce companies through its financial services division IFX Financial Group. Corporate 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
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