Icon Media Holdings, Inc. Announces Agreement to Purchase Assets of IFX Financial Services Group
27 Junio 2011 - 7:30AM
Marketwired
Icon Media Holdings, Inc. (PINKSHEETS: ICNM) announced today that
the Company has entered into an agreement to purchase substantially
all of the assets of IFX Financial Services Group.
This acquisition allows us to market competitive merchant
processing and financial services such as cash advances and term
loans to e-commerce companies worldwide. We also will be able to
lower the overall cost of processing transactions on the e-commerce
sites we own and/or operate. IFX will continue to operate under the
IFX brand and will be a wholly owned subsidiary of Icon Media
Holdings. Current IFX president Ceasar Manereno will remain as the
head of the division.
Rob Deakin, President and CEO, commented, "We are pleased to
enter into this agreement with IFX Group. This transaction is
consistent with our stated strategy to grow our e-commerce service
business. We also look forward to having Mr. Manereno join our
senior management team."
The transaction is expected to close within the next 30
days.
"We are very pleased to join forces with Icon which will allow
us to take advantage of their expertise in marketing and service
the multi-billion dollar e-commerce sector," stated IFX president,
Mr. Manereno.
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 sells select products at
wholesale. Website: www.iconmediaholdings.com.
About IFX Financial Services Group:
IFX, currently based in Tampa, Florida, and its affiliates have
been providing financial services to merchants since 1937.
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: Rob Deakin Phone: 919.237.5700 ext. 205
info@iconmediaholdings.com
Icon Media (PK) (USOTC:ICNM)
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