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From 6 years ago? No.
So how did the SP get to here? RSs? I used to have a shit ton of shares but sold shortly after the Gene Simmonds thing.
That's a bold statement, care to share how you came to the conclusion?
Read here
http://www.theglobeandmail.com/globe-investor/investment-ideas/if-youre-still-holding-intertainment-stock-stop-it/article19143280/
Id bet anything that the new translation softwqare M$ is about to disclose is stolen from Ortsbo. What ever happened to the deal INT made with M$ to use Ortsbo within Outlook? I think I know.
Good morning Intertainment Media Inc. (TSXV:INT)
Myriad Interactive Media Announces Web Development Project & Mingle Suite Technology Update
http://www.bloomberg.com/article/2013-02-27/aRDCDPPREv.Y.html
Can anyone find anything from any language to any language that does not translate exactly like google?
Free Level 2 For 1 Month
Our sister Canada message board is looking for more traffic. If you want a month free of any InvestorsHub data service like level 2 then go to the Canada boards and post a few times. You can PM me here on IHub or message Admin Canada and one of us will give you a data service of your choice.
Warren
InvestorsHub
SUM-OF-THE-PARTS VALUATION
Hey all,
I did a sum-of-the-parts valuation analysis given the recent news on the potential transaction and spin-off. I think it's a pretty conservative valuation but let me know what you think and feel free to share it with others.
http://valuationguy.tumblr.com/
Cheers,
VG
INT ABOUT TO LAUNCH HIGHER AND PAY SHAREHOLDERS DIVIDENDS!!!
http://ca.finance.yahoo.com/news/intertainment-media-provides-ortsbo-transaction-175329125.html
Get in while you can!
Hello everyone just got in on Friday at .405. Been switching over to web based stocks since some have immunity to global recession! Monthly profit increases look promising! I believe the bottom was hit and it's up from here!
Hi crossball,
There is a new ADVFN message board for Canadian stocks. I think there is some chatter on INT going on over there. Feel free to join the party. I heard the Canada BB Admin will hook up active users with a free Canadian Level 2.
http://ca.advfn.com/p.php?pid=fbb&bb_id=30&mode=TAG&tag=int
Warren
InvestorsHub
It sure is lonely over here. I guess INT can't be everywhere or can it.
Stockhouse
ITMTF
INT
the world.
It found a bottom, and the long term story is potentially huge, so my best guess is we have a bounce, and then a retest of the 69 cents....don't ask me to explain why it works that way, but if that takes place, I will add more with conviction.
Today will be interesting going into the close for the weekend.
Are we going to have this take off now???
And as they say....we don't know what we don't know....so more to come. Think of the AD revenue on this thing.
ORTSBO is the engine of INT, and it will take the rest of the company a long way.
I think we will have a strong close into the weekend
They have so much up their sleeve. This company just continues to impress me.
Done, I am putting the link on my Facebook, and ask to post it around.
News out......and here is a look at the Ipad. Tablets are the future, laptops and desktop sales are falling.
http://www.ortsbo.com/future.php
If you are reading this, have you downloaded KNCTR.?? If not, then you should, and then email this to everyone in your email accounts. This is how SKYPE got around, and we need to do our part to have this explode.
Download takes two minutes....Very cool
http://www.knctr.com/
Lots more phone calls being made online
By Doug Gross, CNN
May 31, 2011 -- Updated 1624 GMT (0024 HKT) | Filed under: Web
(CNN) -- Online telephone calls have seen a big jump in popularity in the past couple of years, according to new survey numbers.
After years of modest use, nearly one-fourth of all American adults who use the Internet say they have made a Web-based phone call, according to the survey by the Pew Internet and Amercian Life Project.
The results come in the wake of the news earlier this month that computing giant Microsoft had bought popular Web chat tool Skype for a staggering $8.5 billion.
According to a Pew report, 24 percent of online U.S. adults have placed calls online. That's 19 percent of all adults in the country.
On any give day, 5 percent of the Web's users are making phone calls using services like Skype, Vonage and Google Voice, according to the results.
Both of those numbers are up sharply from the last time Pew, which explores the impact of the Internet on American life, asked a similar question.
In 2007, Pew reported that 8 percent of internet users had made a call online and 2 percent did so on any given day.
Earlier in the 2000s, several surveys suggested that no more than one-tenth of users made calls and that never more than 1 percent did so each day.
According to the recent survey's results, men and women are pretty much equally making the Web-based calls. The most frequent callers (27 percent) are in the 18-29 year-old age group and users 65 and older are least likely (18 percent).
Hispanic users had the highest percentage (27 percent) saying they make Web calls, with 21 percent of both black and white respondents saying they do so.
The poll, of 846 internet users, was completed last week. It has a margin of error of +/-3.7 percent.
CAN YOU SAY RIGHT TIME RIGHT PLACE.....KNCTR
****
Step Aside SKYPE for KNCTR the new Kid on the block INT.TSX.V
Frank Tabbert won the Stock Challenge once!
Written by Frank Tabbert5,183
March 23, 2011
http://www.pinnacledigest.com/blog/frank-tabbert/step-aside-skype-knctr-new-kid-block-inttsxv
Interesting to know that the majority of people that live in Vancouver, do not have English as their mother tongue. Interesting how only one in four Internet searches are done in English. How can INT not make money in a world that needs translation now more than ever. They don't need to do everything for everyone, they just need a piece of the pie to do really well.....
Over 664,000 Unique Installations in North America for Intertainment's KNCTR
Thursday, June 02, 2011
NEW YORK, NEW YORK and LOS ANGELES, CALIFORNIA and SAN MATEO, CALIFORNIA and TORONTO, ONTARIO--(Marketwire - June 2, 2011) - Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) announces that its desktop app KNCTR® (pronounced "Connector") – www.knctr.com a key program of Intertainment's wholly owned division itiBiti Systems Inc. (www.itibiti.com) is now counting over 664,000 unique installations in the North American market.
KNCTR® saw 79,622 unique installations throughout North America over the previous week period and the program increasingly continues to be part of consumer's daily digital consumption pattern with an average of over 13.3 minutes of daily active user engagement. The active user engagement continues to make the premium advertising supported KNCTR® model a key tool that features video content, integration of social media and the ability to make FREE long distance phone calls to cell phones and land lines to anywhere in North America.
KNCTR® is the next generation of social communication and entertainment applications that allows users to aggregate their social media(s) and voice services into one location on their desktop. Unlike Skype, the telephone feature on KNCTR® is completely free to the consumer allowing FREE local and long distance calls to mobile phones and land lines. KNCTR® is a premium advertising model that allows for branded sponsorship, pre-roll and display advertising opportunities for brands and service providers alike.
With the projected impact that tablets will have on the personal computing space, with over 50 million units to be sold within the next two years in North America alone, KNCTR® is positioned to enhance the functionality and usability of these devices by allowing them to become a fully functioning phone unit.
"Week over week we are continuing to see significant growth in our new installation base for KNCTR®," said Brad Parry, CMO Intertainment Media Inc., "The level of engagement and sharing is notable as we continue to see KNCTR® becoming a core element in the consumer's daily digital habit."
Notably, the itiBiti desktop app has been hailed by Microsoft Corp. as "the next generation of integrated social media applications - easy, scalable and fun."
Full details of news coverage can be found at the Intertainment web site – www.intertainmentmedia.com.
To become a Facebook Fan of itiBiti, sign up at http://www.facebook.com/itibitisystems.
To become a Facebook Fan of KNCTR®, sign up at www.facebook.com/knctr.
Follow itiBiti Systems and KNCTR® on Twitter.
About KNCTR: www.knctr.com : The KNCTR® app enhances the user experience by delivering a variety of new, fresh and daily content including Celebrity News and Information, Movie Trailers, Automotive Reviews as well as Technology Reviews. KNCTR® app is FREE to download & use, opening full-screen on the desktop as soon as the computer is turned on. With just one tool, consumers now have immediate access to fresh content, premium services, and no-cost communications features. Users can talk for free with friends and family across North America, stay connected with built-in social media favourites, sample a wide selection of news & information feeds, access on-board MSN Live Services with Bing Search, enjoy VIP access to the latest client promotions, updates and more.
About itiBiti: www.itibiti.com : itiBiti provides global brands with the unprecedented ability to power their marketing efforts within a unique, private-label social media platform. itiBiti offers users a rich suite of services in combination with brand client initiatives, and the power of Microsoft Live services. Please visit www.itibiti.com to learn more.
About Intertainment Media: www.intertainmentmedia.com Itibiti Inc. and Ad Taffy are divisions of Intertainment Media Inc., a Rich Media Applications leader, focused on delivering leading edge technology and marketing solutions enabling clients to power enhanced branding, loyalty initiatives and consumer engagement. Selected as a Microsoft Global Agency Initiative partner, Intertainment has joined an elite group of interactive agencies worldwide that Microsoft recommends to its Partners and Customers.
Intertainment Media owns and operates a number of key properties including Ad Taffy, itiBiti, Ortsbo and Magnum. For more information on the Company and its properties, please visit www.intertainmentmedia.com.
Headquartered in the Toronto, Canada region, with offices in New York, Los Angeles and San Mateo, CA, Intertainment Media Inc. is listed on the Toronto Venture Exchange under the symbol "INT" (TSX VENTURE:INT) and in the US under the symbol "ITMTF". Intertainment is also traded in Europe, on the Frankfurt Exchange under the symbol "I4T".
This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
This release may contain forward looking statements within the meaning of the "safe harbor" provisions of US laws. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward looking statements. Intertainment Media Inc. does not assume any obligation to update any forward looking information contained in this news release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Brad Parry, CMO
For itiBiti /Ad Taffy / Intertainment Media Inc.:
800-395-9943
info@intertainmentmedia.com
www.itibiti.com www.adtaffy.com
www.intertainmentmedia.com
ORSS / PR
Public Relations / Media Inquiries:
mcampe@sspr.com
www.sspr.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
http://www.theglobeandmail.com/globe-investor/news-sources/?date=20110602&archive=ccnm&slug=201106020701480001
You might want to use ITMTF on here, there is a bit more discussion.
http://investorshub.advfn.com/boards/board.aspx?board_id=19384
I appreciate it. It was very obvious to me what this person is doing is wrong and needs to be investigated. I am holding on to my shares.
Have a good day,
Jeanna
??? Where do you see insults? You claimed to have integrity and I voiced 'my opinion' as to otherwise. Didnt you say that was everyone's right in the first place? You get to be a victim but at the same time you can slander the company and they should just take it? Clever. You cant have it both ways.
Please do go, you have added nothing of value anyways. Everyone else is finding interesting possibilities based on announcements. I would be happy to discuss things with you but you have failed to bring anything to discuss.
Over a dollar today. If the p/e bothers you, you don't need to go on and on this dosn't help anyone. Other people have different opinions and see growth in the stock.
Well done, like a breath of fresh air......
cheers
Still with the personal insults. I've had enough. I've lost my desire to post on either INT board.
I see no one is taking my bet on the share price. I will leave by reiterating my price target - 10 cents. Time will tell.
Yes, by four million dollars......patient will be rewarded, social media is a market gorilla, and you don,t have to be that great to make money in the sector, and these guys are firing on all cylinders
I see youve chosen to be 'opinionated' on 2 boards for the same stock? Yes, much 'integrity' there. Tells me exactly what I figured in the first place.
It was oversubscribed too wasnt it?
I stated my opinion as an opinion. There's no lawsuit in that.
Thats where youre wrong. You cannot slander something publicly. Try going public saying that Brad Pitt is a 'something', see how long it takes. Why do you think the company is seeking legal action against the last blogger?. It was only 'his' opinion? Doesnt wash anymore. The suits are out there.
Secondly, if youre going to have an opinion then all I asked was for you to back it up with something (I even defended you). That will keep you out of a lot of trouble.
Cant speak to your reputation, but I did check up on your posting style and comments, I do that for everyone. Nuff said.
Respect is earned, so far you have done nothing to impress here.
Intertainment Media Inc. President’s Message – Q3 Results
May 31, 2011
Corporate Updates
President’s Message – Q3
The quarter ended March 31, 2011 was a good quarter for Intertainment Media Inc. In previous quarters we had discussed the emergence from development to commercialization, but in this quarter we had the resources to fully enable our programs to impact growth. The focus for the quarter was investing in our program platforms to create user engagement for future financial benefit and as such we intensified our efforts to deliver shareholder value through the continued monetization of our growing user base.
This quarter began with a private placement that was required to provide capital for the Company to allow for a full implementation of the commercialization of Ortsbo, itiBiti and Ad Taffy.
Management and its Board held a continued and unwavering belief in the platforms and programs even in light of the Canadian investment marketplace’s pension for slower adoption of social media initiatives compared to the US where the value and power of social media is realized at a much quicker pace. As such, the financing prospects in early and mid-January were limited and, as CEO, I believed that it was my duty to show my certainty in the Company and its direction by leading orders for the first round of the private placement. We closed the first tranche of our CDN $3,000,000 private placement in mid-January.
The first round closing of the private placement allowed us to continue to support those early positive results that were being realized by the Ortsbo performance. In late January, the Globe and Mail published an article in which Intertainment Media was selected by a leading hedge fund manager as one of the top technology picks for 2011. The same day, we released our current numbers for Ortsbo comparing growth between Facebook and Ortsbo and that Ortsbo was outpacing Facebook’s early years’ growth. This combined with the Globe and Mail article gave us a high level of visibility to the investment community and by the end of January, our second tranche of our $3 MM financing was oversubscribed.
This private placement allowed the Company to settle outstanding accounts payable, accrued interest, and other items that had been delayed due to the working capital deficit. With continued positive market momentum on the Ortsbo results, the company realized an additional injection of capital through the execution of outstanding options and warrants from previous capital raises.
Our objective was very simple – growth! As with all social media platforms whether it’s Facebook, Twitter, YouTube, LinkedIn or others, the first step is to build critical mass and to do that, you need to invest to drive consumers to your site, increase branding activities and overall marketing to increase share of voice. This is an expensive endeavour, but when done correctly, it can result in key organic and viral growth. This growth and investment in building a solid user base has been tantamount in our success in attracting top tier advertisers, agencies and brands Agencies, networks and advertisers who have been testing the system and we have seen positive results and new business opportunities arise. While the initial quarterly financial results are not significant, the ability to provide a proven stable environment for advertisers showcases the value that Ortsbo and itiBiti offer as communication distribution mechanisms and will result in greater economic performance for these divisions.
It is important to note that most major social media programs have taken years to achieve the current levels of our programs. Facebook is almost 7 years old, Twitter almost 5 years old while Ortsbo, by the end of this quarter, was only 8 months old. Ortsbo has accelerated swiftly having passed our first year estimates and second year estimates very quickly. This accelerated success did not go without challenges; the pace of growth did put a strain on our technology, support and development cycles. As such, investment was required to bolster the development and technology environment and allow us to stay in step with the growth.
As we analysed the market for language on the Internet, we found that the majority of users on the Internet did not speak English. This provided an opportunity and a challenge, as the growth opportunities were exceptional globally, but the revenue opportunities would need to be cultivated as international advertising is much more difficult to engage than North American advertising alone. These areas would also need significant investment to manage and grow.
At the same time as we were growing Ortsbo, itiBiti was preparing to launch our own “house brand” KNCTR (pronounced “connector”) and Ad Taffy was beginning to commercialize and agency feedback required additional capital investment in the platform.
Throughout the quarter, Intertainment had received the capital to begin to fully execute on its mandate of growing the business without the pressures of raising capital. With the need to move quickly and effectively we undertook a series of initiatives to accelerate the pace of our divisional growth including bringing in the right people internally and exploring outside consultants to build brand and user value. We are working to turn years of marketing, brand and market acceptance into months, and we believe the initial results were worth the efforts and investment.
This quarter also saw a dramatic turnaround in our balance sheet, as we made significant strides in reducing debt and liabilities while increasing assets. Our Current Ratio since year end (June 30, 2010) has improved from 0.2:1 to 1.85:1, showing a healthy increase in assets and lessening of liabilities. This also required investment, as we had spent the past few years without the required working capital to move the programs forward.
By virtue of the investments we’ve made into our marketing, technology and development, we have seen significant increases in user traction in our programs, brand recognition, advertising testing and continued interest by the investment community, all leading to the key mandate of the management team which is to build shareholder value.
While some may comment that this was an extraordinarily expensive quarter, we will know that it was a time of great beginnings, allowing us to create a stronger balance sheet, accelerate growth, increase branding and program usage and increase overall shareholder value. We believe that this process of corporate stabilization with increased working capital and high growth will allow us to move forward with new investment, merger and acquisition opportunities, create new and long-term revenue opportunities and bring Intertainment Media to the world stage through the delivery of innovative and exciting products and services.
http://www.intertainmentmedia.com/refresh/wp-content/uploads/2010/11/May-13-11-PR-Intertainment-Announces-Closing-of-Special-Warrant-PP.pdf
Closed 20 million at a buck20, and have an accelerated maturity date on half warrants. Insiders took one million units.
I stated my opinion as an opinion. There's no lawsuit in that. I find that the people who say the share price will be higher resort commonly to personally insulting those who say it will be lower.
In any case, in time the share price will tell all. I offer a sidebet. If price is over $1.00 in 3 months time I will give you $100. If it is under $0.50, then you pay me.
By the way, I am one of the least anonymous posters on iHub. My identity is well known. I have been posting with integrity for years here.
INT is just another droplet in a river of pumped up stocks.
We are on the same page, but it is clear that anyone with no shares or skin in the game has an agenda, no matter how cleverly disguised.
But for sure, he should at the very least back up his assumptions with more than feelings....
I retired from 30 years as a broker....and when it comes to junior companies, placing true value is just not possible, as it is all based on future opportunity.
So, you can not say that Technicals don't work here, nor can you say that it was not worth $3. and I say this with due respect otterman...because, the stock shot up and had a 50% retracement which is text book, it bounced off that number as it should, and now we have just re-tested the same level where it will find support. I am not a chart guy, but these few simple price points are where big money gets to work and usually not before. It works because they say it works, so they move prices to that point, unless interupted by something unexpected, like a particular news or event.
They priced Linkedin well above original target for IPO and then the market priced it double that again, so even though $3. could not have been justified, given fundamentals, it was based on appetite for Social Media, and the potential INT offers with continued solid growth ....
If the app for Outlook works and is accepted then $3 will only be a shadow on the trendline
Completely agree....early days.
Cheers
Technical analysis is a financial term used to denote a security analysis discipline for forecasting the direction of prices through the study of past market data, primarily price and volume.[1] Behavioral economics and quantitative analysis incorporate technical analysis, which being an aspect of active management stands in contradiction to much of modern portfolio theory.
Fibonacci retracements is a method of technical analysis for determining support and resistance levels. They are named after their use of the Fibonacci sequence. Fibonacci retracement is based on the idea that markets will retrace a predictable portion of a move, after which they will continue to move in the original direction
Lets not pidgeon hole anyone, theyre entitled to their opinion. My demand is simply that any posts contain support for what they say (outside of general conversation). Claiming the company is a scam is not only slanderous but rediculous due to the company having real technologies and assets (of which I encourage people to look at their other assets, theyve kind of got lost in the excitement, and there is value in them too).
Technical analysis is tough to do on a stock like this. It certainly isnt worth $3 from a few weeks ago at this point but the potential of their products is monsterous and they have shown why that potential is via the NRs. It wil gyrate, but not sure why anyone expects there to be normal territory at this point of the comapny's growth. If the app for Outlook works and is accepted then $3 will only be a shadow on the trendline.
Lots to happen yet.
I am not short. I post because I become outraged/enraged at some people profiting from others by using lies and fictions. I simply find it morally disgusting.
It's ironic, this statement....as this is exactly what he is doing, either for himself or for others. Obviously short and trying to profit using lies and inuendos...based on 'feelings',
The shares ran to plus three dollars, and then they corrected to the 90 cent range. they popped back up which was to be expected, and have since retraced, retesting that level. Stocks of all shapes and sizes will retest, and shorting will happen comfortably until that area is again reached...once there, which we are, shorts will cover and a new trend is established.
I will try and find an artical that explains this better and will post it. It's as common as buying and selling shares, and used by momentum players and technical analysis.
I am not short. I post because I become outraged/enraged at some people profiting from others by using lies and fictions. I simply find it morally disgusting.
Admirable, but then I suggest you leave the stock market completely because that is what every trade is about. Someone thinks the SP will go up, and another down, thats what makes a trade and each party thinks theyve got the better deal.
You make some sharp accusations, can you at least elaborate to support your comments? Its one thing for a group to come out and slander the company such as what happened a few weeks ago (which BTW they are looking at legal action, and no you are not any safer here hiding behind a alias), but its quite another to simply show up and state that the company is a scam.
Can you state which lies and fiction the company is spreading? If not I may have to forward this to the company for their disection.
Hi Jeanna,
This board is not active enough to continue posting here, but let me provide you with some thoughts on the 'knight in shining armour' that is trying to convince you to sell.
He owns no shares, so of all the thousands of junior companies out there, he decided to save all who would read his posts on this one. He does not specifically write to you, but for those who come on here.
INT has been in operation for many years and traded around the ten cent mark. They would do finanicing at their market price to continue operation, it is simply what companies have to do to survive. The fact that insiders bought many of those shares speaks volumes for their confidence in the long term.
They built what the consumers need in social media, and launched it. It was the market that took the shares to over 3.00, not the company. Look at Linkedin, as I suspect you have that came out with an IPO which was priced on the high side of the range and then quickly doubled.
The value of INT....this paid basher throws that out to you to cause you to feel insecure, who knows what the value of INT is based on growth, and future growth potential. Is Linkedin worth double what they thought when it went public? The market will establish the price, and I would want to have a piece of Social Media in my investment portfolio. INT has done nothing to cause the sell off, and they did nothing to cause the run up.
You bought with the right mind set, I would hold your shares.
When I called him a name, he took offense which surprised me, and then for him to suggest that 'what does it say about the company, for it's investors to...' not sure how he would make that leap....must be quite the life he has..
So hang tough, forget about watching the share price, and be patients as you were going to be. The company has been doing a lot of great things and keeping the investing public informed.
Today could be the big shake but I suspect today we end green.
Cheers
I do not use refer to you with insults and would request you behave with civility to me in return. What does it say about a company that those who buy its stock resort to personal insults to make their point?
Do you know how many shares are outstanding, or will be outstanding, and what the holders of those shares paid for them?
Do you have an estimate for what the entire company is worth?
.... The stock considering what has happend in the last week (promo's and such) seems to be on the 'non-responsive' side of things considering the volume and such.... just seems off to me... you'd figure it would fluctuate more... Hell it's trading more than google lol
I am not pumping nothing. I bought shares at 1.1, based on time factor, monthly users, coming events and credebility of who's behind the company and growth potential.
And there are stocks with more potential to pump.
This one is either a cult or a scam, perhaps both. The real facts do nothing to justify anything close to its $300 million valuation.
I am not short. I post because I become outraged/enraged at some people profiting from others by using lies and fictions. I simply find it morally disgusting.
So, are you betting the price will be higher come end of summer? You didn't really answer my challenge.
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Recent news:
Social Media Translator ORTSBO.com Delivers 50+ Languages for Nokia Ovi, Lotus Sametime & LiveJourna |
Posted by mincho2008 | |
Wednesday, 20 October 2010 | |
Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT) announces that its social media, real time translation platform, Ortsbo, is now available for Nokia's online and mobile platform Ovi, making this the first Ortsbo integrated offering for portable and desktop devices. The Ortsbo platform has also been expanded to include Lotus Sametime and LiveJournal users. This latest release of the Ortsbo platform now offers users interconnectivity to Nokia mobile users, with other mobile programs currently under development. Ortsbo connects to PC and Mac computers and mobile devices as well as all major search engine instant messaging ("IM") platforms including Microsoft, Google and Yahoo! along with Facebook, iChat, AIM, ICQ, Gadu-Gadu, Ovi, Lotus Sametime, LiveJournal and Tencent QQ and QQ International, China's largest chat platforms. Ortsbo provides instant translation capabilities to well over 1 billion active chat accounts. Ortsbo (www.ortsbo.com), built using Microsoft's Silverlight platform, allows people to chat from a single online app in real time, in over 50 languages instantly with their friends, colleagues and families. Since its debut in late July, Ortsbo has received over 1.65 Million unique users resulting in over 1.9 Million online sessions and more than 3.7 Million page views generating in excess of 4.1 Million minutes of user engagement. On September 21, 2010, Intertainment announced that it has received an offer to facilitate the purchase of 100% of Ortsbo Inc. for $30 Million USD by a US publicly listed company. The offer, which is currently under review by Intertainment, is subject to due diligence, definitive agreement and necessary approvals. Since the announcement, the Company has also received initial interest from other parties for Ortsbo, and the Company is considering engaging a specialist for software mergers and acquisitions ("M&A") to review the option of a purchasing auction to interested parties. Ortsbo generates revenues from translation through the ability to implement multilingual contextual and display advertising and sponsorship. For the commercial market, Ortsbo can be licensed and customized for proprietary, secure applications allowing companies, educational institutions and government agencies to provide online translation services, chat and email with their constituents across a multitude of languages With Ortsbo's plug-in email module for Microsoft's Outlook platform, the sender's and recipient's languages are easily selected and both languages are displayed in each email, allowing more in-depth language analysis for technical items. The email plug-in module will be retailed at $29.95 US, with a free, lite version, available for individuals who register with Ortsbo before November 30, 2010. About Ortsbo: www.ortsbo.com Ortsbo (www.ortsbo.com) enables real-time conversational translation in over 50 languages and seamlessly integrates with today's most popular social media platforms. Ortsbo Inc. is a division of Intertainment Media Inc., a Rich Media Applications leader, focused on delivering leading edge technology and marketing solutions enabling clients to power enhanced branding, loyalty initiatives and consumer engagement. Selected as a Microsoft Global Agency Initiative partner, Intertainment has joined an elite group of interactive agencies worldwide that Microsoft recommends to its Partners and Customers. Intertainment Media owns and operates a number of key properties including Ad Taffy, itiBiti, Ortsbo and Magnum. Headquartered in greater Toronto, Canada, with offices in New York, Los Angeles and San Mateo, CA, Intertainment Media Inc. is listed on the Toronto Venture Exchange under the symbol "INT" (TSX VENTURE:INT). Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws. This release may contain forward looking statements within the meaning of the "safe harbor" provisions of US laws. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward looking statements. Intertainment Media Inc. does not assume any obligation to update any forward looking information contained in this news release. |
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