CybeRelease: (OTC: INIH) Announces $2,000,000 Equity Subscription
(CybeRelease, November 16, 2006) - Lake Harmony, PA - Icon International Holdings Inc. (OTC PK: INIH) announced today that it has completed a non-brokered private placement (the “Financing”) with Harris Capital Partners, for a total purchase of 1,000,000 restricted common shares of the Company with an aggregate purchase price of $2,000,000.
In connection with the equity investment, the Company is issuing Harris Capital Partners warrants, vesting immediately and expiring in two years, to purchase 500,000 common shares of the Company’s stock at a purchase price of $2.50 per share and an additional 500,000 shares at $3.00 per share.
About Icon: Icon has created a high quality alternative to existing commercial airline “business class” travel. Icon will offer a premium service not found on today’s commercial airlines. Icon will feature First Class Flatbed Seats, First Class Cuisine, Premium Wines and Liquors, Internet Connectivity at each seat, E-Fax, Printer and Photocopier Capabilities, Laptop PC Connections, Satellite TV, Individual Entertainment Systems at each seat, with multiple choices, on widebody aircraft.
Icon intends to begin full service between New York (JFK) and London (Gatwick) and Paris (Charles De Gaulle) and Miami and London (Gatwick) in 2007.
To read the complete release, go to http://biz.yahoo.com/bw/061115/20061115005976.html?.v=1
CybeRelease Gainers are Embrex, Inc. (Nasdaq: EMBX), Syntax-Brillian Corporation (Nasdaq: BRLC), Pacific Ethanol, Inc. (Nasdaq: PEIX), Trimeris, Inc. (Nasdaq: TRMS), Novavax, Inc. (Nasdaq: NVAX), CORUS Bankshares, Inc. (Nasdaq: CORS), Brigham Exploration Company (Nasdaq: BEXP) and Delta Air Lines Inc. (OTC PK: DALRQ).
CybeRelease Decliners are Atheros Communications, Inc. (Nasdaq: ATHR), Tweeter Home Entertainment Group, Inc. (Nasdaq: TWTR), China TechFaith Wireless Communication Technology Limited (Nasdaq: CNTF), Varsity Group Inc. (Nasdaq: VSTY), FortuNet, Inc. (Nasdaq: FNET), National Medical Health Card Systems, Inc. (Nasdaq: NMHC), Threshold Pharmaceuticals, Inc. (Nasdaq: THLD) and US AIRWAYS GRP CL A (OTC BB: UAIRQ).
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