Icon Media Holdings, Inc. (OTCMKTS:ICNM) shares were down 50% to $0.00010 and flat in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to 0.00. The company has a market cap of $22,200.00 at 110.96 million shares outstanding.
Icon Media Holdings is a diversified global technology company that specializes in technical and infrastructure services for the wireless industry. As such, provides turnkey small cell network, distributed antenna systems and WiFi technical consulting.
In a press release this week, Icon Media Holdings announced that it completed its audits for 2013 and 2014 financial statements. It is updating the status of the financial audit and Form 10 filing to shareholders and the investment community.
This audit has taken more than a year to complete, but Icon Media Holdings was pleased to report that it can be filed with OTC Markets over the next few days. It also included quarterly reviews for 2013 and 2014. The company is now working on the audit for 2015 financial statements and in making sure that the first quarter of 2016 is current. Once the SEC declares Form 10 effective, Icon Media Holdings will be a fully reporting company.
This means that the company can soon be in a better position to start executing on phase two of its Business Plan.
It has been a long and laborious task but the end of the audit if finally within sight. Now that 2013 and 2014 are complete and much of the background work is in process for 2015 and the first 3 quarters of 2016, we are nearing an end of this arduous, but necessary task and a very positive step for ICNM’s future growth,” said Rob Deakin, CEO of Icon Media Holdings.
Deakin added that being a fully reporting company would be a huge milestone for Icon Media Holdings and add a great deal of value for the company moving forward.
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