Imagination TV Inc. (IMTV)

[ANTI-BAGHOLDER]

Former IC Punch Media, Inc. CEO is accused of breaking the SEC’s “Code of Ethics” by filing false and misleading documents to the Securities Exchange Commission, prompting a complaint to the SEC filed on Monday April 22, 2013.

Los Angeles, California, April 22, 2013– IC Punch Media, Inc. (QTCQB: PNCH). Chairman and CEO of IC Punch Media, Inc., Joseph Collins today announced that on Monday April 22, 2013 the Board filed a complaint with the Securities Exchange Commission (SEC) alleging that former CEO, Steve Samblis failed to conduct himself in an honest and ethical manner. The complaint alleges that Steve Samblis knowingly filed misleading, false and inaccurate documents to the SEC as it relates to the company. The complaint also states documents filed by Samblis were not properly approved by the Board of Directors. Several attempts over the past few months were made by Mr. Collins requesting Mr. Samblis to release corporate documents and financial books to the Board and rectify the information, in an effort to protect the company’s stockholder’s; however, those attempts failed as Mr. Samblis refused to cooperate.



Mr. Collins’ stated that his decision to make the complaint public was in fulfillment to the SEC’s Code of Ethics and the Company’s responsibility to comply with the Code. The inaccurately filed documents and non-compliance by Mr. Samblis was considered to be in breach of the contracts held by the company and its senior executives. As a result Joseph Collins has taken action to file a complaint with the SEC.
Is this right, Stevie???