HOLLYWOOD, Calif., June 24, 2013 /PRNewswire/ -- IC Punch Media, Inc. (OTCQB: PNCH) announces today it has signed a Letter of Intent with JP Investment Advisors Ltd., Chaoyang District, Beijing, China for funding and co-production of certain entertainment technologies, motion picture and television projects.
Writer, Director, Bennett Davlin, who wrote the $40M action comedy, "The Medallion" starring Jackie Chan and Claire Forlani, brings his long awaited one-hour drama series, "GARDEN 1.0" through his producing relationship with VU Television Network President Gayle Dickie, for the Chinese co -production. "Bennett and I have worked together on and off for a number of years to make this incredible series a reality and now that we have the support of our Beijing associates and producers, the timing couldn't be more perfect."
"Garden 1.0" was designed to be so complex that the Game World becomes REAL. Garden 1.0 is modeled after the 217 million people who play online, downloadable, and console video games. This captivating one-hour series will focus on the concept of being lost inside the most popular videogame where we follow six friends who have never met in the flesh.
CEO Steve Samblis stated, "When Gayle first approached me with the Garden 1.0 series, the concept was mindboggling and fascinating. I'll go on record to state this series will be a break out hit for China, our VU Television Network and the world. Shooting the series in China and funded by our Chinese Partners will create an extraordinary show. I'm also very excited about working with our new Chinese partners and building a strong long-term relationship. "
Garden 1.0 lends itself to the lucrative gaming industry. The series already has Chris Taylor, "Gas Powered Games" CEO as their technical advisor, who will ultimately lead the charge for a video game based upon the series. Taylor is one of the leading computer game designers and entrepreneurs, most famous for developing Total Annihilation and the Dungeon Siege series.
Bennett Davlin commented, "I really was waiting for the right partners at the right time. Now that VU Television Network , Chris Taylor and China have come together to support my series, I'll have the opportunity to work once again in China. It's like going home for me."
VU Television Network Officers and JP Investment Advisors Ltd. are scheduled to meet in Beijing in late July to collaborate on various television projects that would be suitable for the China television marketplace. Principals of both companies held meetings in the U.S. in June of this year. Both parties are currently working out the terms and conditions for financing, distribution and production services for IC Punch Media, Inc. and their VU Television Network.
VU Television Network is currently developing multiple reality series and one-hour dramas as well as programming and content consisting of launch related specials, comedy, local entertainment news, and family friendly movies along with children's programming for morning weekday and weekend time periods.
VU Television Network is launching late September of 2013 in 30% of the domestic broadcast market, national cable, and the Out-Of-Home Distribution (OOHD) markets. All of VU Television Network shows will also offer some interstitial spots and cross platform promotion, which will air on the www.icplaces.com websites, which are currently in over 350 cities across the U.S. The company aims to enhance viewership of the show by capitalizing on its multi-media platform especially with its OOHD footprint, which is, unparalleled by any other network today.
About IC Punch Media, Inc.
IC Punch Media, Inc. is a trans media entertainment complex that produces entertainment content for distribution across multiple mediums. The company trades on the OTCQB: Symbol PNCH. (http://www.icplaces.com)
Through multiple long-term partnerships, clips and full episodes of the company's shows are available to people outside the traditional set top box. This exposure serves as both a profit center and marketing component promoting the TV Network, its line up and the company's new media specific programming across multiple platforms.
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.
IC Punch Media, Inc.
Web site: http://www.icplaces.com/
SOURCE IC Punch Media, Inc.