Benzinga's Microcap Movers for Friday April 20, 2012

Below are highlights from Benzinga's daily coverage of microcap securities making big moves: IC Places Shares of IC Places ICPA, the Winter Park, FL operator of a network of city-based Websites for business and vacation travelers, rose 79% Friday on 54 million shares. IC Places announced Friday it has formed a strategic partnership with EzVip.com to offer www.icplaces.com visitors direct access to the hottest night clubs and best events around world. EzVip.com gained National attention when Founder and CEO, Alashe Nelson, pitched his start up company on this year's season premier of ABC's Shark Tank. The show features entrepreneurs Mark Cuban (Dallas Mavericks owner), Daymond John (founder of FUBU clothing line), Kevin O'Leary (educational software), Barbara Corcoran (real estate) and Robert Hejavec (technology security), who try to outbid each other to invest their own money in unique businesses. During the show, Nelson received a funding offer from Hejavec and O'Leary, who teamed up, but in the end accepted an offer from Cuban and John. IC Places closed at $0.02 on Friday. SEFE Shares of SEFE SEFE, the Scottsdale, AZ alternative energy company, rose 13% Friday on 8 times the average daily volume. SEFE has provided an overview of its proprietary detection system, which enables the Company to target the most desirable areas for harnessing maximum atmospheric electricity. The system measures the charge density at varying elevations in the lower atmosphere. “This system is crucial to our overall development, as it allows us to quickly characterize a region and tailor our collection systems to the local atmospheric characteristics, and ultimately to the needs of our clients,” said Michael Hurowitz, Director of Engineering for SEFE. “The deployment of our detector will broaden our potential client base as we aim to build systems that provide power to regions that are removed from the grid. Our methodologies have allowed us to keep our costs low, and the resulting detection capabilities will be a key factor in helping us build a commercial power system.” Detection testing will take place across the United States, starting in Wyoming and Colorado. SEFE closed at $1.75 on Friday. China Shenghuo Pharmaceutical Holdings Shares of China Shenghuo Pharmaceutical Holdings KUN, the China-based manufacturer of pharmaceutical, nutritional supplement, and cosmetic products, fell 62% Friday on 21 times the average daily volume. On April 17, 2012, China Shenghuo Pharmaceutical Holdings received a deficiency letter from the NYSE Amex stating that the Company has resolved the continued listing deficiency with respect to Section 1003[a][i] of the AMEX's Company Guide referenced in AMEX's letter dated September 22, 2010. However, as a result of the Company sustaining losses which are so substantial in relation to its overall operations or its existing financial resources, or its financial condition has become so impaired that it appears questionable, in the opinion of AMEX, as to whether such issuer will be able to continue operations and/or meet its obligations as they mature, the Company is no longer in compliance with Section 1003[a][iv] of the Company Guide. The Deficiency Letter states that, in order to maintain its AMEX listing, the Company must submit a plan of compliance by May 1, 2012, advising AMEX how it intends to regain compliance with Section 1003[a][iv] of the Company Guide by July 2, 2012. If the Company does not submit such a plan or if the plan is not accepted by AMEX, the Company would be subject to delisting procedures as set forth in Section 1010 and part 12 of the Company Guide. On April 20, 2012, the Company issued a press release announcing receipt of the Deficiency Letter and the Company's voluntary delisting from the AMEX and deregistration with the SEC. A copy of that press release is attached to this Current Report on Form 8-K as Exhibit 99.1, and the information therein is incorporated herein by reference. It is expected that the delisting will take effect on or about May 10, 2012. Accordingly, the Company expects that the last day of trading of its common stock on AMEX will be on or about May 10, 2012. China Shenghuo Pharmaceutical Holdings closed at $0.20 on Friday.