ANOTHER failed Press Release ???

Has anyone seen any sponsorship evidence that this press release was anything other than another failed attempt to lure investors to waste more money on Imagine TV, or as its called now, Imagination TV? (click to enlarge)

ReedPR_2Mr. Steven Samblis, CEO or IC Places, Inc. appears to fancy press releases such as the Reed’s announcement to lure new investors into investing in his company.  Its been almost 4-months since that press release, and it appears the announcement was misleading at best, fraudulent at worst.  How does a company release a formal press release like that and the public never sees anything come from it.  We have not seen one add from Reed’s appearing on any of the IC Places, Inc, Imagine TV, Imagination TV, Drivein TV, or any other medium associated with Mr. Steven Samblis.

The press release touted Reeds as the “first official launch sponsor” of Imagine TV.  Given that Imagine TV has come and gone (no one seem to know why, but some think it was due to copyright infringement with the other Imagine TV’s) and now that Mr. Samblis is promoting Imagination TV, there is still no evidence of this sponsorship.

The Reeds press release is but one of many press releases that have never come to fruition.  Many would call that a pattern.  It would appear that his press releases are just about as reliable as his SEC filings.  There are multiple documented instances of misleading and inaccurate information contained within the SEC filings, now it appears Mr. Samblis’s press releases can be added to the pile of misleading and inaccurate documents.

UnCommonDenominator_1

Is the most recent press release touting the Uncommon Denominator going to succumb to the same fate as the Reeds announcement ?   It follows a long line of previous press releases that seem to have failed, or worse, been simply propaganda aimed at improving the dismal performance of the company’s stock ( PNCH ).   Perhaps one or two complete failures of the initiatives touted in previous press releases could be called bad luck, or a coincidence, but seemingly every one ???  Again, many would call that a pattern, and point to the extremely low  reliability rate of the information.

History can not be changed… and this company, as well as Mr. Steven Samblis, has plenty of history.  A simple Google search will support much of the history reported about this company.  If you are thinking about investing in this company… even if its just for “flipping”… take 5-minutes and do some research on the company before making any decisions.  It could be the best 5-minutes you ever spent.

 

Press releases… where are they ???

Back in around the time Samblis split from Collins, a new strategy was adopted, and that was, to cease releasing any non-formal company news and achievements in venues such as message boards and social media.  The new strategy was to only issue formal press releases for any news about the company.   Many now ask… how is that strategy working?

Some, maybe many, say… not so good.   In late April / early May of this year, the Collins/Samblis split occurred.  At that time PNCH share price was around .005.  And April 1st. through about mid April, the PPS was over a penny.   Now, early August, the PPS has hit the tripps, after trading sideways in .001 range for quite a while previous to hitting the tripps.

There hasn’t been a formal press release since June 24th, when PNCH announced its partnership (or more specifically a Letter of Intent to partner) with China’s Investment Advisors Ltd. Beijing.   In contrast, PunchTV (Samblis’s nemesis) has released  11 press releases in July alone, and another 2 in August already (and its only August 2nd. today).  You may verify such here.

Additionally, while one CEO is being recognized by the California Legislative Assembly (see article here), our CEO releases predominately news of his association with the Hollywood personalities, in association with his Hollywood Fast Lane host duties.   Quite the contrast some would say.

It seems hard to believe that there has been NO news or accomplishments since June 24th.  If that is accurate, anyone who has a job can relate this to telling your boss that you have no accomplishments in over a month.  How much longer do you think you would be working there if you could not produce at least 1 accomplishment in a month?   Now, if there have been accomplishments in the past month… it begs the question… WHY haven’t these accomplishments been publicized ???

It appears the new strategy has not proved successful !  It may be time to rethink that strategy.  It is hard to argue that the association of the limited press releases and the low PPS are not related.  There has certainly been ample testing time to gather the data from the effort, however at some point Mr. Samblis needs to see the results of this new strategy, and understand that while it was a plan that might have had potential, and was worth testing, it is clear now that the effort has not been successful.