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Technology Stocks : RRRR: Rare Medium Group (soon to be) formerly ICC

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To: ztect who wrote (1)1/9/1999 2:24:00 PM
From: ztect   of 1150
 
Previous NEWS:Wednesday December 9, 6:30 am Eastern Time

Company Press Release

SOURCE: Rare Medium, Inc.
Rare Medium Named One of the Top 15 New Media Companies in New York

NEW YORK, Dec. 9 /PRNewswire/ -- Rare Medium (Nasdaq: RRRR - news; raremedium.com), a pioneering Internet business solutions provider, has been chosen as one of the top 15 Internet players in New York by ''Crain's New York Business,'' capping a tremendous year of growth and achievement.

With several strategic acquisitions completed or recently announced and a strong, growing customer base, Rare Medium has positioned itself as a leading Internet business solutions provider. Rare Medium is one of the few companies that is capable of providing a full array of services -- business strategy consulting, marketing, creative design and development, needs analysis, architecture planning, Internet, Intranet and extranet solutions, hosting and maintenance -- necessary to successfully extend brands and business models to the Internet.

The company, an anchor tenant in New York's Silicon Alley New Media community, has a client base that includes as Pfizer, ''The New York Times,'' Microsoft, Sharp and General Mills.

''We are pleased to be recognized by Crain's as one of the top 15 players in New York,'' said Glenn S. Meyers President and CEO of Rare Medium. ''It is a great way to end an extremely successful year in which we have focused our business, added key members to our board, increased our customer base, and successfully integrated two key acquisitions.''

About Rare Medium

Dealing primarily with Global 2000 clients, Rare Medium, Inc. is an Internet business services firm, helping clients develop Internet strategies, improve business processes and develop interactive content using Internet-based technologies. To accomplish this, Rare Medium provides clients with Internet business strategy consulting, marketing, creative design and development, needs analysis, architecture planning, Internet, Intranet and Extranet solutions, hosting and maintenance.

Except for historical matters contained herein, the matters discussed in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect ICC Technologies, Inc. d/b/a Rare Medium Corp. (Nasdaq: RRRR - news), and its subsidiaries' business and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are Rare Medium's limited operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favorable terms and those risks discussed in the Company's filings with the SEC.

SOURCE: Rare Medium, Inc.
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