Icon Media Holdings, Inc. Continues Its Expansion, Now Into Asian Markets Through Product Launch on Amazon Japan
November 17 2011 - 2:30PM
Marketwired
Icon Media Holdings, Inc. (PINKSHEETS: ICNM) is pleased to announce
today that the Company continues its expansion, but now into Asia
via a newly launched storefront on Amazon Japan. The following is a
link to the Punt Dog Posters Storefront on Amazon Japan:
http://tinyurl.com/7uvwr2v.
Goldman Sachs estimates the size of the Japanese consumer
e-commerce market to be over $56 billion (US), which is
approximately 3.3% of their entire domestic retail market.
Furthermore, in the core Internet user demographic (i.e., 30-to-40
age group), e-commerce makes up a significant proportion of
individual retail activity with around 60% market share.
"Japan has shown an affinity for American pop culture and we are
very encouraged by the initial results," said Rob Deakin, CEO of
Icon. "We consider Japan to be the cornerstone of our expansion
into Asia. We chose to use the Amazon Japan platform for entrance
to this key marketplace as it allows us to showcase our products to
the market in the native Japanese language, without incurring the
significant costs of developing our own ecommerce website in
Japanese." The Company anticipates that the addition of this new
selling platform and marketplace could provide at least an
additional 10% in gross revenue.
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.
Contact: Terry Kraemer Phone: 919.237.5700 ext. 203
info@iconmediaholdings.com
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