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Technology Stocks : RRRR - ICC Technologies/Rare Medium -- Ignore unavailable to you. Want to Upgrade?

To: Les White who wrote (686)	4/24/1998 12:39:00 PM
From: Mark Jenkins	Read Replies (1) \| Respond to of 954

Another version of the press release from Reuters: Friday April 24, 10:45 am Eastern Time ICC considers air conditioner unit spinoff HATBORO, Pa., April 24 (Reuters) - ICC Technologies Inc. said Friday that as part of its merger with Internet services provider Rare Medium Inc., it is evaluating the possible spinoff of its air conditioning business. ICC, a designer of climate control systems, said it hired the investment banking firm of Legg Mason Wood Walker Inc to evaluate strategic alternatives for the air conditioning business. ''(ICC) will concentrate its efforts on rapidly growing its Internet business to further solidify the position of Rare Medium as a top tier player in the Internet industry,'' said Irwin Gross, ICC's chairman, and Glenn Meyers, ICC's president and chief executive in a statement. ICC intends to change its name to Rare Medium and its stock symbol to reflect its new focus. The air conditioning business is operated by ICC's Fresh Air Solutions subsidiary. ICC, through its Rare Medium subsidiary, is an Internet professional services company engaged in the design, development and implementation of Internet website and Intranet/Extranet solutions. MJ