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

To: BBG who wrote (768)	5/11/1998 1:00:00 PM
From: Manzanillo	Read Replies (2) \| Respond to of 954

This news: ICC Technologies, Inc. Nasdaq) Subsidiary, Rare Medium, Inc. Appoints Steven B. Cuthrell VP of Mergers & Acquisitions Formerly Director of Mergers & Acquisitions at USWeb. NEW YORK, May 11 /PRNewswire/ -- ICC Technologies, Inc. (Nasdaq: ICGN) announced today that its subsidiary, Rare Medium, Inc., a leading Internet solutions provider for Global 2000 corporations, has hired Steven B. Cuthrell and appointed him Vice President of Mergers and Acquisitions," according to Glenn S. Meyers, President and Chief Executive Officer. Previously, Mr. Cuthrell had been director of Mergers and Acquisitions of USWeb Corporation (Nasdaq: USWB). Said Mr. Meyers: "Rare Medium merged with ICC on April 15, 1998 with the goal of creating one of the world's leading Internet Solutions Providers. Rare Medium previously stated that strategic acquisitions would be an integral part of its growth strategy, and this new addition to our senior management team significantly accelerates this objective and moves us much closer to this goal." Mr. Meyers added that: "We are delighted to have Steve join our senior management team at Rare Medium. We believe his experience in leading USWeb's acquisition effort from its inception as a start up to a leading public company in the Internet solutions arena will be invaluable to Rare Medium. While at USWeb, Steve helped identify more than 300 candidates, conducted due diligence on more than 100 Internet companies and completed more than 20 acquisitions with combined revenues of $50 million. This experience is unparalleled in our industry category and should greatly enhance the success of Rare Medium's acquisition strategy." Said Mr. Cuthrell: "As an emerging leader in the Internet solutions provider environment, Rare Medium provides me with the platform and the opportunity to utilize my extensive experience and to again be part of building a world class company." Rare Medium is a leading strategic Internet services firm helping national clients develop Internet strategies, improve business processes and develop interactive content using Internet-based technologies. With approximately 100 Internet professionals nationally, Rare Medium provides clients with Internet business strategy consulting, needs analysis, architecture planning, Internet, Intranet and Extranet solutions, design and development, audience development, hosting and maintenance. The Company works primarily with Global 2000 clients. Rare Medium has offices in New York and Los Angeles. Traded on Nasdaq under the symbol ICGN, the Company is headquartered in New York City's "Silicon Alley." 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 which may affect ICC Technologies, Inc. and its subsidiaries' business and prospects and cause actual results to differ materially from these forward-looking statements. Visit the Company's Web Site at raremedium.com SOURCE ICC Technologies, Inc. CO: ICC Technologies, Inc.; Rare Medium, Inc.; USWeb Corporation ST: New York IN: CPR MLM SU: PER 05/11/98 12:39 EDT prnewswire.com