LOS ANGELES, July 10, 2012 /PRNewswire/ -- IC Places Inc.
(OTCQB: ICPA), IC Places, Inc. is pleased to announce it has
completed the purchase of the assets of the Punch Television
Networks. The assets included all television station licenses,
re-broadcast agreements, broadcast equipment, rights to all
television shows on its roster and all current advertising
contracts.
During the transition, the Punch Television Network will
continue the regular broadcast schedule with the addition of the
weekly half hour entertainment news show "The Hollywood Fast
Lane."
"This has certainly been the biggest step in the life of IC
Places," said Steven Samblis,
Chairman of IC Places, Inc. "Merging new media with traditional
television we extend the our brand experience to every walk of
life. Capitalizing on in-home and out-of-home touch points we will
now reach people from the moment they wake up until the time they
fall asleep at night. With this new immersive network, we
will be able to take any advertisers needs and market them across
all the demographic profiles. "
About Punch Television Networks
Launched on Wednesday, October 19,
2011, shortly after Columbus
Day, Punch TV is, in many ways, also an explorer. Instead of
spending the normal costs of $100
million to launch, Punch TV spent $10
million. Rather than launching by airing re-runs of popular
and loved shows, Punch TV has 70% original programming.
And now, Punch TV Network extends its originality even further
when in May of this year the company introduced its Fall lineup of
shows to prospective advertisers and/or their representatives. The
success of the Up-Front resulted in commitments of twelve million dollars in advertising dollars to
Punch TV's fall line-up of shows.
At Up-Front, Punch TV Network introduce 17 of its roster of 36
new dramas, comedies, variety shows, talk shows, children's shows,
and inspirational entertainment. The event was attended by a number
of celebrities including Blair
Underwood, Bill Duke,
Dawnn Lewis, Obba Babatunde,
Omar Gooding, Damian Hall, Fonzworth Bently, Kiki Shephard, Lorraine
Toussaint, and many others.
Punch TV Network, with a presence this Fall in more than 100
cities, does, indeed, personify the spirit of independent
television. Punch TV! "Are you thirsty yet?"
About IC Places:
IC Places is a New Media company that produces weekly
entertainment content for several different mediums. In 2012
it hit a milestone of signing partnership agreements to place its
content before more then 300 million people a month, giving the
company one of the largest distributions foot prints on the
planet. This foot print includes online partnerships with
Mevio.com and terrestrial partnerships which delivers it's content
to Checkout TV Network, HDTV Network, Dining Network, Bright House
on demand and two upcoming new networks launching in July of this
year.
At the core, IC Places is a network of 350 city based
entertainment websites. This foundation allows IC Places the unique
advantage having a built in fan based for the TV and New Media
programs it produces.
Each IC Places City website offers a virtual keyhole view of
life in each community. Every unique aspect of a city's social,
business, and cultural life is available right at each city's IC
Places homepage. IC Places provides the entire community a place to
talk, do business and get connected. Businesses are given amazing
tools to tell their stories in the best way possible and visitors
get unfettered access to businesses, events and people in each
city. To see one of the IC Places City sites in action, please
visit http://www.icPlaces.com.com/orlando.
IC Places Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements are based on the current plans and
expectations of management and are subject to a number of
uncertainties and risks that could significantly affect the
company's current plans and expectations, as well as future results
of operations and financial condition. A more extensive listing of
risks and factors that may affect the company's business prospects
and cause actual results to differ materially from those described
in the forward-looking statements can be found in the reports and
other documents filed by the company with the Securities and
Exchange Commission. The company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Contact Information:
IC Places, Inc.
www.icplaces.com
Steven Samblis
407-442-0309 Ext. 2
Press Inquiries:
info@icplaces.com
SOURCE IC Places Inc.