SOURCE: Icon Media Holdings, Inc.

March 01, 2011 17:21 ET

Icon Media Holdings, Inc. f.k.a USA Signal Technology, Inc.

DALLAS, TX--(Marketwire - March 1, 2011) - Icon Media Holdings, Inc., f.k.a. USA Signal Technology, Inc. (PINKSHEETS: USST) announces the resignation of Paul Calixto, sole Officer and Director, and the appointments of Rob Deakin as President/Secretary/Treasurer and Terry Kraemer as Director. This Corporate action is a result of USA Signal Technology, Inc. acquiring substantially all the assets, liabilities, proprietary knowledge and Company URLs from Icon Media Holdings, Inc. a NC Corporation as set out in the Definitive Asset/Liability Purchase Agreement dated February 22, 2011.

This action follows the mutual rescission of the previously announced Definitive Asset/Liability Purchase Agreement dated June 17th, 2010 by and between USA Signal Technology, Inc. and CTFLA, LLC. D.b.a. American Wholesale Health following the resignation of Gary Westbrook. The 30M 144 restricted common shares issued in respect of that transaction are being returned to treasury. A new 33M 144 restricted common shares are being issued in respect of the Icon Media Holdings, Inc. transaction.

Icon Media Holdings, Inc. will remain reflected as USA Signal Technology, Inc. with a stock symbol of (PINKSHEETS: USST) until the Company receives approval of the name change and stock symbol change from FINRA. The Company plans to file for this name change and stock symbol change in the near future.

About Icon Media Holdings, Inc:
Icon Media Holdings, Inc. is a diversified global consumer products e-commerce company. The Company currently sells wall décor products at retail through websites and on storefronts such as Amazon, Amazon UK and eBay, among others. The Company also sells select products at wholesale to retail art print and frame shops, online retailers and various brick and mortar stores. 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 Information