Icon Media Holdings, Inc. Moving Toward Fully Reporting Status

RALEIGH, N.C. -- Icon Media Holdings, Inc. (OTC: ICNM) a diversified global technology company that specializes in technical infrastructure services for the wireless industry, announced today that the Company has begun the process of getting to fully reporting status with the U.S. Securities and Exchange Commission. The Company has retained experienced and well respected accounting, legal and auditing firms to complete the process of filing a Form 10 with the SEC.  Each firm engaged has successfully been involved in preparing the necessary documentation for effective filings in the past.

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Becoming fully reporting adds value to the Company by increasing transparency for shareholders and the investment community and will provide the Company with better funding opportunities.

Rob Deakin, CEO of Icon Media Holdings stated, “Along with changes in our business model and our emphasis on the wireless infrastructure industry through growing Spectrum Velocity™, getting to fully reporting status with the SEC is another major milestone in our growth as a Company. While I am not going to try and speculate when this process is going to be completed, we have kept our records up to date and thus are well on our way to completing the required audit for the past three years and the preparation of the legal portion of the Form 10.”

Deakin continued, “Although there is no way to quantify the added value of getting to fully reporting status, the improved terms for funding for fully reporting companies will be significant, and it will help us achieve our business objectives.”

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.