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| ICNM Announces LOI to Purchase Assets from Esteemed RF Engineering Company |
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 Hot Stock to Watch |
Company: Icon Media Holdings, Inc. (Pink Sheets: ICNM)
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Last:
Price: 0.0001
Change (%): + 0.00 (0.00)
Volume: 121,064,410 |
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Icon Media Holdings, Inc. Announces LOI to Purchase RF Engineering Company
RALEIGH, NC-(Marketwired - May 23, 2017) - Icon Media Holdings, Inc. (OTC PINK: ICNM), a diversified global technology company that specializes in technical services for the cellular and wireless industries, is pleased to announce it has entered into a non-binding letter of intent (LOI) to purchase the assets of a leading RF (radio frequency) engineering company.
Under the terms of the LOI, Icon has 60 days exclusively to perform its due diligence and formalize the asset purchase agreement. The purchase is anticipated to close in the third quarter of this year and will be immediately accretive to Icon. Included in the assets are several patents and other intellectual property as well as manufacturing equipment.
Since its inception in 2009, this company has been a leader in the engineering, design, and manufacturing of RF emitting devices worldwide.
“This company brings with it a leadership position in the RF engineering space and we are thrilled to have the opportunity to add this talented group to our team. They provide complimentary skillsets and broaden our customer base,” stated Rob Deakin, Chairman and CEO of Icon Media Holdings, Inc.
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