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Micro-Cap on the Move; IC Places Inc. (ICPA)

By Warren Paige

Shares of IC Places Inc. (PINK: ICPA), a multimedia entertainment company, are continuing to rally in trading today.

ICPA shares are currently trading 15.46% higher at $0.0560 on above average volume of 15.17 million. The stock is now up more than 111% in the last three trading sessions.

Recently, IC Places, which is engaged in production of “Made for TV” and “New Media”, formed a strategic partnership with EzVip.com. The partnership agreement will allow www.icplaces.com visitors direct access to the best nightclubs and events around the world.

Founded by Alashe Nelson, EzVip.com gained attention due to ABC show Shark Tank. Nelson, who is also EzVip.com’s CEO, pitched the start up company on this year’s season premier of Shark Tank.

As per the terms of the agreement, EzVip.com will pay IC Places a percentage of each booking it generates. ICPA’s night life sections, meanwhile, will offer direct links to reserve tables at the best clubs in each city using the EzVip.com engine.

 

May 2nd, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.