Text Size
   
YouCMSAndBlog Module Generator Wizard Plugin

ICNM

ICNM Icon Media Holdings is today's hot penny stock momentum play.

 

Symbol: ICNM.pk

Current PPS: $0.07

Outstanding Shares: 101.8M

Float: 21.1M

10 Day Avg. Volume: 61.8K

About the Company:

ICNM Icon Media Holdings, Inc. is a highly diversified global e-commerce company specializing in the sale of high margin products and custom framing. At this time ICNM owns and/or operates a growing number of e-commerce websites while also selling their products on big name storefronts such as Amazon, Amazon UK and eBay

ICNM has been in the e-commerce industry for over 10 years. ICNM operates several websites that attract millions of movie buffs seeking the must have hard to find movie-centric decor and memorabilia to add to their collections. ICNM also supplies retail art print and frame shops, online retailers, and various brick and mortar stores with the memorabilia they need at a wholesale price.

ICNM believes that diversification is imperative in a here today gone tomorrow type industry such as e-commerce. That is why in addition to their highly successful web properties ICNM also supports e-commerce companies through their wholly owned subsidiary IFX Financial. Since 1937 IFX Financial has been providing financial services such as cash advances and term loans to companies worldwide.

Website: www.iconmediaholdings.com

PennyStockLocks "Key Points" on ICNM

  • ICNM's growth will come from increasing their online presence through various marketing efforts, new online brand launches, international development, expansion of product offerings (sports, music, celebrity, ate, etc.). greater production of efficiencies, leveraging existing publishing contracts with artists and targeted acquisitions
  • ICNM is planning to expand into other high margin e-commerce businesses and vertical markets that support e-commerce websites such as merchant processing and website development.
  • Domestic online sales in 2010 totaled $176 Billion, an increase of 11% over the previous year according to Forrester Research. They also predict e-commerce sales to reach to $250 Billion by 2014.

  • Cisco Systems' Economics and Research Practice predicts that, globally, e-commerce is expected to grow by 13.5% annually for the next four years and reach an estimated $1.4 Trillion in 2015.
  • According to the Southeastern Institute of Research the art print, poster and framing market exceeds $6 Billion per year.
  • With over 750,000 new and vintage poster and memorabilia items in stock, ICNM owns the largest inventory of its type in the world.
  • ICNM's management consists of an all start cast of experienced industry professionals. CEO Robert Deakin has extensive experience in the executive ranks of Internet companies since 1995. From 1996-1999 he served as the Director of Strategic Development for Broadcast.com, where his main duties consisted of negotiating and managing many of the company's strategic partnerships. Executive Vice President and member of the Board of Directors Terry Kraemer have previously served four years at QSound Labs as their Director of Internet Sales. Director of Marketing, Mr. Wayne Woodward has worked in the field of Internet marketing since 1999. Prior to that, he had worked extensively in sales and marketing capacities with a variety of technology-based companies. In addition, Mr. Woodward owns his own successful e-commerce company that has generated average annual sales of $1 million since 2002.
  • According to INCM's Executive Business Summary, it is management's objective to grow into a $100+ million business.
  • In recent news, ICNM announced that are continuing their global expansion into the European markets with the launching of their latest storefront on Amazon France. France is currently the 3rd largest e-commerce market in Europe and e-commerce sales are projected to be up 22% this year to $54 billion (US). ICNM expects this newest venture to add an additional 7-8% in revenue in their first year alone.
  • ICNM closed today at (+11.11%) which we feel is just a sign of things to come for this momentum play. Taking a look at the chart below you will that just six months ago ICNM was trading at a PPS similar to what it is now and saw a huge breakout run for gains of +200%!!! Will history repeat itself?
  • With the holiday shopping season just about to hit full force in a few days PennyStockLocks feels that ICNM is set for a HUGE injection of revenue very shortly so expect a huge surge in volume tomorrow.
  • A survey by Shop.org shows that 68% of retailers expect online sales to grow at least 15% or more over last year’s holiday season. That survey is in line with another survey by the National Retail Federation that found the average shopper is planning to do approximately 36% of his or her shopping online this season, up from 32.7% last year. Increased online sales, if these forecasts come to fruition, the end results will be positive for e-commerce companies like ICNM and their shareholders whose stock prices are tied in directly with Internet sales revenue

 

Put this highly diversified e-commerce stock on your watch list and be ready to pick up shares early 9:30am EST!!!

Icon Media Holdings, Inc. Announces Store Launch on Amazon France

2:45p ET October 12, 2011 (Market Wire)

Icon Media Holdings, Inc. (PINKSHEETS: ICNM) announced today that the Company has continued expanding into Europe by launching a storefront on Amazon France.

Online shopping has continued its exceptional growth in France. According to the Federation du E-commerce de la Vente a Distance (FEVAD), e-commerce sales are projected to be up 22% this year to $54 billion (US).

"The launch in France is the continuation of our global expansion strategy. This is the third largest e-commerce market in Europe and it is important to begin creating a localized presence in new markets," said Rob Deakin, CEO of Icon.

The product launch has already started generating additional revenue and should be fully operational before the important holiday purchasing season begins. The Company projects that this channel could add 7-8% in additional revenue the first year.

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.

SOURCE: Icon Media Holdings, Inc.

 

Enhanced by Zemanta

FREE Stock Alerts

 

Partner Sites

Follow Us On

As Seen On...

IHUB

MarketWatch

Yahoo Finance

Google Finance

MSN

Penny Stock Picks