LOS ANGELES, July 10, 2012 /PRNewswire/ -- IC Plac

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. " PR Newswire (http://s.tt/1hrKx)