SOURCE: Icon Media Holdings, Inc.

Icon Media Holdings, Inc.

July 25, 2011 09:00 ET

Icon Media Holdings, Inc. Enters Into Distribution Agreement With Cosmi Software

RALEIGH, NC--(Marketwire - Jul 25, 2011) - Icon Media Holdings, Inc. (PINKSHEETS: ICNM) announced today that the Company has entered into an agreement with Cosmi Software for distribution of its PC video game software.

According to a study by NPD Group, in 2009 computer game sales were $538.4 million (23.5 million units) and have experienced annual growth in excess of 10 percent per year since 2005. Furthermore, the video game industry also stimulates complementary product purchases of roughly $6.1 billion a year. "The partnership with Cosmi allows us to enter this growing market in a cost-effective way while also broadening our product base," said Rob Deakin, CEO of Icon. "Many of these titles fit nicely with our existing pop culture content and provide the opportunity to offer customers value-added add-ons."

Cosmi is the publisher of many of the titles to be offered, some of which include games based on movies such as "Star Wars," "Tomb Raider" and "Star Trek." Steve Graham, COO of Cosmi said, "We are excited about the partnership with Icon Media and see it as an effective avenue to expand our product line into the e-commerce environment."

About Cosmi Software:

Based in Westminster, CA, Cosmi has been a leading publisher and distributor of physical and digital PC software solutions since 1982. The company publishes home entertainment content from developers such as Electronic Arts, Lucas Arts, Paramount Studios and National Geographic.

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.

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