OTC: ICNM ICONMEDIAHOLDINGS.COM Icon Media Ho
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Posted On: 08/01/2017 10:50:23 AM
OTC: ICNM
ICONMEDIAHOLDINGS.COM
Icon Media Holdings, Inc. Updates the Status of the RF Engineering Company Purchase
Raleigh, NC, August 01, 2017 - Icon Media Holdings, Inc. (OTC: 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)
www.iconmediaholdings.com
www.spectrumvelocity.com
Icon Media Holdings (OTC: 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.
Contact:
Rob Deakin
Phone: 919.237.5700 ext. 205
info@iconmediaholdings.com
Sign up for investor updates on our website and on the investor relations page.
ICONMEDIAHOLDINGS.COM
Icon Media Holdings, Inc. Updates the Status of the RF Engineering Company Purchase
Raleigh, NC, August 01, 2017 - Icon Media Holdings, Inc. (OTC: 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)
www.iconmediaholdings.com
www.spectrumvelocity.com
Icon Media Holdings (OTC: 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.
Contact:
Rob Deakin
Phone: 919.237.5700 ext. 205
info@iconmediaholdings.com
Sign up for investor updates on our website and on the investor relations page.
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