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Check this out. This is a national network here in Canada. Down the right hand side is a promo for the event!
http://www.globalwinnipeg.com/
The stock had dropped 20 cents the day before, and was being taken down all week, in part due to shorts for sure, but also, until financing is done, it's not done, so the fact that they easily did first part and oversubscribed, speaks volumes to the market. It says the market is happy to get in at that price and it says they are happy to support the growth they see.
It tells the shorts their run is over and time to cover. Shorts are just as happy to make money buying back more than they sold to cover, but also to create momentum to the upside and take it higher than people would expect.
I don't believe that the share price will reflect accurately the true value for some time. The market will focus on the growth, and social media, and how well the 20th goes. Skype at over 8 billion in value is twice as much as it's worth but Microsoft is looking down the road.
So try and imagine what all the moving parts are worth, or more importantly, what could they be worth for INT. If the growth continues at a steady rate, not even at a mind numbing rate, what is the value of all those hits.
One billion market cap would give you over three bucks, and the market cap could easily be five to ten times that if they can keep this snowball moving.
The market will pay up in anticipation for what could be, and I think that is why we saw $3.35 so quickly. Add the volume of both the Venture and Alpha and it is staggering how many shares change hands.
Long answer to a short question, but fridays action was a bounce. If it was flat for days on end, and then popped up 30%, I would agree that it was a little much, but this could be a very explosive week. I for one will not be out of the shares this week.
How can that 30% rise in INT share price within an hour or so be explained?
I thought the success of the private placement was already known. Is it the $1.2mm purchase by insiders that lit the stock?
Ortsbo - Chat in Any Language, Anytime, Anywhere
www.ortsbo.com
An online website providing instant chat translator with over 50 languages for free. Chat to people across the world in US, Canada, China, Russia, UK, Europe, South America, India.
Nice release...next week may see us establish a new hi...:))
Now we know why:
Intertainment Announces Closing of First Tranche of Special Warrant Financing
Friday, May 13, 2011
TORONTO, CANADA--(Marketwire - May 13, 2011) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT)(OTCBB:ITMTF)(FRAKFURT:I4T) is pleased to announce that it has completed the first tranche of its previously announced non-brokered private placement (the "Offering") of special warrants (each a "Special Warrant"). The Company issued 19,760,271 Special Warrants at a price of $1.20 per Special Warrant for gross proceeds of $23,712,326.60 in this first closing. Each Special Warrant is exchangeable, for no additional consideration, for one common share in the capital of Intertainment (each a "Common Share") and one-half of one common share purchase warrant (each a "Warrant").
It is anticipated that the net proceeds of the Offering will be used to accelerate the Company's core new media offering, including Ortsbo, Ad Taffy and itiBiti (KNCTR), potential acquisition opportunities and for working capital purposes.
Directors and officers of the Company acquired 1,024,090 Special Warrants for gross proceeds of approximately $1,228,908 pursuant to this first tranche of the Offering. The Company has determined that exemptions are available for the various requirements of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 for the issuance of the Special Warrants to insiders of the Company.
"This first tranche comes at a very strategic time for the Company as its products and program have fully commercialized. Today's closing shows the strength of our investor's commitment to Intertainment," said David Lucatch, CEO of Intertainment Media Inc. "The Company received over $4.7 Million in excess commitments from the originally announced first tranche round of $28 Million, but chose to only close on the announced proceeds, as we have a strong commitment to close an additional $20 Million from a US based fund, should we choose to do so. The additional capital infusion gives the Company the ability to assess and review potential merger and acquisition opportunities."
The Special Warrants issued pursuant to this first tranche will expire on the earlier of (i) the date of issuance of a receipt being issued in respect of a final prospectus filed in certain Canadian jurisdictions (the "Prospectus") qualifying the securities issuable upon exchange of the Special Warrants; and (ii) September 14, 2011. Each Special Warrant is subject to statutory resale restrictions and, absent the clearing of the Prospectus in Canada, neither the Special Warrants nor the underlying securities may be traded in Canada during the period ending on September 14, 2011 except in accordance with applicable securities legislation and TSX Venture Exchange policies.
Each whole Warrant will entitle its holder to purchase one additional Common Share for $2.00, expiring on May 13, 2013. In the event that the Common Shares trade at a closing price on the TSX Venture Exchange of $4.00 or higher for a period of 15 consecutive trading days at any time after September 14, 2011, the Company may accelerate the expiry date of the Warrants by giving notice to holders thereof and in such case the Warrants will expire on the 30th day after the date on which such notice is given by the Company.
Finders acting in connection with this first closing of the Offering received a finder's fee in the total aggregate amount of approximately $356,991 and 297,493 finder's options ("Finder's Options"). The Finder's Options are exercisable into units ("Finder's Units") at a price of $1.20 per Finder's Unit, and expire on May 13, 2013. Each Finder's Unit will consist of one Common Share ("Finder's Share") and one-half of one common share purchase warrant of the Company ("Finder's Warrant"), with each whole Finder's Warrant exercisable into one Finder's Share at a price of $2.00 per Finder's Share at any time prior to 4:30 p.m. (Calgary time) on May 13, 2013.
Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including TSX Venture Exchange acceptance.
About Intertainment - www.intertainmentmedia.com
Connecting people with brands, Intertainment Media Inc. is 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 owns a number of key properties including Ortsbo, Ad Taffy, itiBiti and Magnum Fine Commercial Printing Limited.
Headquartered in Richmond Hill, ON, with offices in New York, Los Angeles and San Mateo, CA, Intertainment Media Inc. is listed on the TSX Venture Exchange under the symbol "INT", in the US under the symbol "ITMTF" and on the Frankfurt Exchange under the symbol "I4T".
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The offered securities mentioned in this press release will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.
This new release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
Forward Looking Information
This news release contains certain "forward-looking information" within the meaning of such statements under applicable securities law including statements relating to the Offering.
Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Actual timelines associated may vary from those anticipated in this news release and such variations may be material. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. The Corporation undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on this forward-looking information.
FOR FURTHER INFORMATION PLEASE CONTACT:
David Lucatch, CEO
For Ortsbo / Intertainment Media Inc.:
800-395-9943
info@intertainmentmedia.com
www.ortsbo.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=20110513&archive=ccnm&slug=201105130696816001
Yeah I know its out, just wondering why my service missed it until today? Will watch the video on the weekend. You were right on with your oversold comment. Onward and upward:)
That has been out for a few days....did you watch the video with Simmons....
By the way....we are at 1.22 :)
Hmm, just saw this on my wire service while looking for something else. Could swear it wasnt there on Tuesday? Oh well. This is great now having Paul Stanley joining in. I expect to see the SP rise in anticipation of this event.
Paul Stanley, Rock Legend and Co-Founder of Kiss Joins Gene Simmons as Ortsbo.Com Presents Kiss Live & Global
Ortsbo.com to host first interactive global fan chat in 53 languages
Tuesday, May 10, 2011
LOS ANGELES, CALIFORNIA, NEW YORK, NEW YORK, SAN MATEO, CALIFORNIA, and TORONTO, CANADA--(Marketwire - May 10, 2011) - Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT)(OTCBB:ITMTF)(FRANKFURT:I4T) announces that Ortsbo.com (www.ortsbo.com), the social media, real time, language translation platform, with business partner and spokesperson Gene Simmons welcomes Paul Stanley, international rock legend and co-founder of KISS to its online multi-language global chat event – Ortsbo presents, KISS Live & Global.
In addition to the online chat, which will attempt a world record for the "Most Nationalities In An Online Chat Room", the event, featuring a live, interactive studio audience will be broadcast around the world via live streaming to computers, iPhones and Android devices.
People from all over the world, the 4 Million KISS Facebook Fans and the global KISS ARMY who pre-register at Ortsbo.com will have the opportunity to interact with Gene Simmons and Paul Stanley and present questions online in 53 languages.
The real time Ortsbo platform will instantly translate questions and answers in multiple languages, allowing viewers all over the world to review the online chat in their own native language - making this event a truly worldwide spectacle.
Paul Stanley comments, "For years people have debated on what language should be the common means of communication to connect people worldwide in the future. The future is now and the language is Ortsbo."
ORTSBO
Presents
KISS LIVE & GLOBAL
MAY 20TH, 2011
7:30 AM Pacific
Beverly Hills Hotel – Rodeo Ballroom
Beverly Hills, California
"Ortsbo.com is taking a sledgehammer to the tower of Babel, allowing people around the world regardless of their native language to be part of this event and the conversation," said Gene Simmons "We are proud to have this opportunity to break down the language barriers and provide fans with the ability to chat with us in real time, as one people."
Supporting Ortsbo.com presents, KISS Live & Globalwill be Live Nation, the world's leading live entertainment and online ecommerce company. Along with the global chat with Gene Simmons and Paul Stanley, the event will provide people around the world with the ability to purchase a selection of entertainment merchandise and special promotions directly throughout the event. This event will provide a prototype for future global commercial events with Live Nation, their Artists and Ortsbo.com.
The event will also showcase the power of Cloud Computing, as the entire KISS Live & Global event will be managed through Microsoft's Windows Azure platform.
The Ortsbo.com platform eliminates the need to cut/copy and paste text into a translator by automatically translating typed text into the specified language instantly unlike typical translation software. Users simply indicate the desired language for their intended recipient and Ortsbo does the rest. Ortsbo even lets users conduct multiple chat sessions simultaneously across multiple social networks in multiple languages in real time.
Free for consumers to use Ortsbo.com is ideal for both personal/social communications, allowing users to chat with friends and family around the world or around the neighborhood, and for business communications. Global colleagues can use Ortsbo to collaborate and chat about projects in their native language for faster and more efficient communication that reduces the risk of misunderstanding due to translation errors.
Recently, Ortsbo announced its first beta application for mobile phones – Ortsbo for iPhone. Other Ortsbo mobile phones and portable computing apps, including apps for Android, Apple, Windows Phone, BlackBerry and tablet computers are scheduled to begin launching Summer 2011.
For businesses, Ortsbo provides multi-lingual global communications solutions via RSS, API solutions, private chat networks and custom services allowing organizations to provide seamless communications with their constituents.
Ortsbo for social media integrates seamlessly with all the most popular social networks you already use, including Facebook, Twitter, MSN, Google Talk, Yahoo! Messenger and many more. For business or personal use, the Ortsbo for Outlook plug-in module will automatically translate emails sent and received for an introductory one-time purchase of just $29.95.
To become a Facebook Fan of Ortsbo, sign up at www.facebook.com/ortsbo
Follow Ortsbo on Twitter
To review Ortsbo's weekly performance metrics and the Company's corporate blog, please visit www.intertainmentmedia.com/blog
About KISS: www.KISSonline.com
KISS is regarded as one of the most influential rock and roll bands of all-time. Their career milestones are staggering. KISS holds honors as one of America's top gold record champions, recording 37 albums over 38 years selling over 100 million albums worldwide.
Over thirty years of record-breaking tours around the globe include high-profile appearances at Super Bowl XXXIII, the 2002 Winter Olympics in Salt Lake City, the 2005 Rockin' The Corps concert dedicated to our troops in Iraq and Afghanistan, and most recently, the 2009 American Idols Finale before thirty million viewers.
The KISS legacy continues to grow, generation after generation, transcending age, race and creed. The unparalleled devotion and loyalty of the KISS Army to the "Hottest Band in the World" is a striking testament to the band's unbreakable bond with its fans.
About Gene Simmons: www.genesimmons.com
Rock legend, TV star, multi-hyphenate entrepreneur, writer, lecturer, and guest of financial and news programs, Gene Simmons is one of the world's most recognized personalities. With millions of fans on Twitter and Facebook and speaking FIVE languages including, English, Hebrew, Hungarian, German, some Japanese and intending to learn Mandarin, Gene Simmons is the personification of today's globally connected citizen and the ideal spokesperson for Ortsbo.
Born in Israel, an only child to his mother, a Holocaust survivor, Mr. Simmons has gone on to climb the heights of fame and international recognition.
Simmons co-founded the legendary KISS over 38 years ago. The band has sold over 100 million CDs and DVDs worldwide, and continues to sell out stadiums and arenas around the world, breaking box-office records set by Elvis and the Beatles, and boasting over 3,000 licensed / merchandise items.
In addition to performing, Mr. Simmons has his own record company, Simmons / Universal Music, a joint venture between Universal Music and Belinda Stronach. He also discovered, signed, and produced the demo for Van Halen, and has managed the music career of Liza Minnelli, among others.
Outside of his music business endeavours, Mr. Simmons expanded his artistic explorations in the areas of TV and film. He has his own realty show on A&E, Gene Simmons Family Jewels, now in its seventh year of production, making it the longest running celebrity reality show of all time. He has also completed two seasons of his other show, Gene Simmons' Rock School, for VH-1. In addition he created the show Mr. Romance for Oxygen, as well as his own cartoon, My Dad the Rock Star, for Nickelodeon's NickToons.
As an actor, Simmons has co-starred in several motion pictures, among them Runaway (TriStar), Wanted: Dead or Alive (New World), and Extract (Miramax). He also served as co-producer of New Line Films' Detroit Rock City.
Mr. Simmons is a Co-Founding Partner in Cool Springs Life.com, a venture that provides estate planning for high net worth individuals exceeding $20 Million.
Other entrepreneurial accomplishments include his own book imprint, Simmons / Phoenix books, which published his NY Times Best Seller, SEX MONEY KISS, the LA Times Best Seller, LADIES OF THE NIGHT and the upcoming new book, GENE SIMMONS ART OF WAR and Mr. Simmons tours internationally on the lecture circuit.
Mr. Simmons graduated from New York State University (NYSU) and City University New York (CUNY) and holds a Bachelor of Education degree. After graduating, he taught sixth grade in Spanish Harlem in New York City and then became the Assistant to the Director of the Puerto Rican InterAgency Council, a government funded research and demonstration project. Early in his career, Mr. Simmons worked at Glamour and then at Vogue, as the assistant to the editor, Kate Lloyd.
About Paul Stanley: www.paulstanley.com
For more than 30 years, Paul Stanley has reigned supreme as one of the single-most recognizable front men in the history of rock and roll. He's the chief songwriter, driving force and unwavering voice of KISS. A visionary and trendsetter since the early 1970s, Stanley's passion for both the musical and visual arts has perhaps been the key to the astonishing ongoing worldwide phenomenon known as KISS.
Stanley single-handedly penned such escapist anthems as "Love Gun," "God of Thunder" and "Black Diamond." He was the golden throat that throttled "Detroit Rock City," the charismatic swagger behind "I Was Made For Lovin' You," and stripped of makeup, was the unmasked troubadour that breathed vocal life into the ballads "Reason to Live," "Forever" and "Every Time I Look At You." His artistic and visual input has been seen in his designs of KISS album covers, stages and apparel.
Stanley has also overseen the band's development and expansion into a worldwide brand with more than 3,000 licensees. Over the last 30 years Stanley has channelled his musical vision designing and developing signature musical instruments including guitars that continue to be marketed by numerous musical instrument companies with sales now standing at well over $13 million.
As an accomplished solo performer, Stanley released Live to Win [New Door Records/ Universal Music Enterprises], his first solo album in more than 25 years, and second overall. In Live to Win, Stanley strips his emotions to the bone and adorns them with a melodic sheen, with songs about the power of the human spirit and commitment to not compromising ideals. In 2008, Stanley released the heavily-awaiting concert DVD, "One Live Kiss," that quickly went to the top of the music video charts. Stanley also produced KISS's 2009 acclaimed release Sonic Boom that debuted at number one on the Billboard Hard Rock Chart. He is currently producing KISS's much anticipated follow up album.
In addition to the concert stage, Stanley has also played to theatrical audiences in the title role of The Phantom in "The Phantom of the Opera". Paul was chosen to be the final Phantom in the 10 year run of the Toronto production. The show posted million dollar weekly ticket sales during his historic 6 month run in which he performed 8 shows a week to nightly standing ovations.
During his time in Toronto Paul became spokesman for the Canadian based About Face organization which deals with children with facial differences and its impact on them. In this role Stanley met and spoke with both parents and children about his own personal experience with the birth defect know as microtia which is a deformity of the outer ear and an additional loss of hearing on his right side. In that role he also spoke to school classes teaching them to understand and embrace those with differences.
After being contacted by the prestigious HOUSE Research Institute, Stanley accepted the opportunity to become the Ambassador Spokesperson educating the public to the risks of unprotected exposure to loud sounds and music, which has resulted in an epidemic of hearing loss among teens. Stanley now travels lecturing and advocating on the dangers of exposure to high volumes.
Stanley also returned to his passion for painting ten years ago by creating portraits and abstracts that are emotionally-charged compositions. He aims to maximize the direct, physical impact of his paintings through scale, texture, color and simplicity of images. In a few short years of exhibiting, Stanley's works have been acquired by numerous art collectors and he has been commissioned to create large works to be displayed internationally. His tremendous success has translated into well over $3 million in sales in 2010 and is on record-pace to exceed those figures this year.
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's real time multi-session, multi-platform and multi-lingual application connects to PC and Mac computers, mobile browsers as well as all major search engine chat 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 and Twitter. Ortsbo instantly provides real time translation capabilities to well over 1 billion active chat accounts in over 170 Countries / Territories.
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.
International rock legend, accomplished global entrepreneur and one of the world's most recognized personalities, Gene Simmons has endorsed Ortsbo.com, having signed on as a business partner and to serve as Ortsbo's official spokesperson.
The personification of today's globally connected, multi-cultural citizen, Simmons is fluent in five languages, including English, Hebrew, Hungarian, and German, as well as some Japanese and he's working to add Mandarin to his repertoire. Simmons will lend his legendary personality to help spread the word about Ortsbo's unique, translator experience platform that integrates seamlessly with the most popular social media platforms to enable users from around the world to instantly send and receive messages in their native language.
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" (TSXV:INT) and in the US under the symbol "ITMTF". Intertainment is also traded in Europe, on the Frankfurt Exchange under the symbol "I4T".
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
David Lucatch, CEO
For Ortsbo/Intertainment Media Inc.:
800-395-9943/905-763-3510
Email: info@intertainmentmedia.com
To learn more, visit: www.ortsbo.com
To learn more, visit: www.intertainmentmedia.com
ORSS/PR
Public Relations/Media Inquiries:
Email: mcampe@sspr.com
Web site: www.sspr.com
http://www.theglobeandmail.com/globe-investor/news-sources/?date=20110510&archive=ccnm&slug=201105110695952001
Thanks or posting, I think $3.35 was too high too fast, and sub a buck was too low. This can be a life changing stock for those with patients. They just need a small piece of this Monsta pie called Social Media.....
Ortsbo.com is free, if we all use it and increase user volume, this should help contribute to the stock`s performance I would say.
this was posted by another on the ITMTF board.
http://losangeles.cbslocal.com/2011/05/12/gene-simmons-to-host-chat-in-58-languages/
Who knows, it will turn and the overall mood of the market is not helping, but with this kind of volume which is off the charts for what the company normally traded at daily, so this is not news driven, it is shorters manipulating a liquid stock.
Next week is the big event, so maybe tomorrow will be a day for the shorts to start to cover, as they certainly have people wandering if they should sell.
If we don't just look in front of us, but further out, then nothing has changed
I imagine tomorrow we will see more of the same, as you said to me a while back people usually take the money and run on friday. do you ever read the INT board on stockhouse? it is full of people bashing INT for no discernible reason and I can't help but believe it is contributing to this sell off.
Agreed, tough to stomach, but there is no negative news to cause this continued sell off, and the volume is simply too high for this not to be pure manipulation by shorters. The good news is they will have to cover. We likely had close to 30 million shares purchased today adding both exchanges.
See what tomorrow brings, but still see this being significantly higher in short order.
haven't seen the underside of a dollar in a long time. this is pretty hard to watch. still holding though simply because I have not seen anything that convinces me the stock should be devalued like it has been recently.
This is good exposure for them:)
Thanks for posting otterman....they are building a company, so we need to focus less on the day to day manipulation of the share price, it will start to trend higher, likely aided by a short covering.
Intertainment Media Inc. Announces Trading on Global Stock Exchanges INT Now to Trade on the OTCQX Market in the USA and Xetra in Germany
Wednesday, May 11, 2011
NEW YORK, NEW YORK and TORONTO, CANADA and FRANKFURT, GERMANY--(Marketwire - May 11, 2011) - Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T), the parent company for Ortsbo, Magnum, KNCTR and Ad Taffy is pleased to announce that the Company's common shares have been approved to trade on the premier tier of the OTC market in the United States, the OTCQX, with the ticker symbol "ITMTF". As part of the OTCQX admission process, Intertainment is now included in the Standard & Poors Corporation Records publications.
"We are pleased to welcome Intertainment Media Inc. to OTCQX," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "Companies, like Intertainment, that trade on OTCQX demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards."
The Company also announces that its common shares are accepted for continuous trading on the electronic trading platform Xetra(R) in Germany under the ticker symbol "I4T" with the International Security Identification Number (ISIN) number CA46111P1036.
BankM - biw AG, one of the leading German securities trading banks in Europe, helped facilitate the Xetra(R) listing and will also act as the Company's designated sponsor on the electronic trading platform. BankM - biw AG will also support Intertainment through the introduction of the company to their network of institutional clients throughout the European marketplace.
"The opportunity to have our publicly traded common stock trading on the OTCQX and Xetra is a major milestone for the company" said David Lucatch, CEO, Intertainment Media Inc., "Both the OTCQX and Xetra are recognized as premier trading platforms and will allow Intertainment to enhance its international recognition to a broader base of international shareholders."
About Intertainment - www.intertainmentmedia.com
Connecting people with brands, Intertainment Media Inc. is 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 owns a number of key properties including Ortsbo, Ad Taffy, itiBiti and Magnum Fine Commercial Printing Limited.
Headquartered in Richmond Hill, ON, with offices in New York, Los Angeles and San Mateo, CA, Intertainment Media Inc. is listed on the TSX Venture Exchange under the symbol "INT", in the US on OTCQX under the symbol "ITMTF" and on the Frankfurt Exchange under the symbol "I4T".
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX:OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link(TM) platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB(R) (the U.S. reporting company marketplace for development stage companies), and OTC Pink(TM) (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.
About Xetra(R)
The electronic trading system Xetra(R) is one of the world's most high-performance systems for the trading of around 300,000 international instruments. These include for instance the 30 blue-chip securities of the DAX(R) index, the 50 securities of the mid-cap index MDAX(R) and the 50 securities of the small- cap index SDAX(R). Xetra(R) has a market share of over 90 percent in equity trading and is one of the fastest trading systems in the world with a round-trip-time at only two milliseconds.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The offered securities mentioned in this press release will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.
This new release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
Forward Looking Information
This news release contains certain "forward-looking information" within the meaning of such statements under applicable securities law including statements relating to the Offering.
Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include, but are not limited to, the ability of the Corporation to complete the Offering as currently contemplated or at all. Actual timelines associated may vary from those anticipated in this news release and such variations may be material. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. The Corporation undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on this forward-looking information.
FOR FURTHER INFORMATION PLEASE CONTACT:
David Lucatch
For Ortsbo / Intertainment Media Inc.:
CEO
800-395-9943
info@intertainmentmedia.com
www.ortsbo.com or 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=20110511&archive=ccnm&slug=201105110695962001
Well, today is no fun, but if you sit back and look at the big picture, and that being social media, and how Skype has just been valued at 8 Billion plus.
The heavy share volume has told us that this thing has been manipulated for a while now. As long as there is high volume, then there is enough liquidity for the shorts and hedge funds to play, they know they can unwind their position easily.
They will drive it down and we should not be surprised too much to see it trade to where they priced the offering. The shorts will decide at what price they have made enough, and then buy, covering their position, and then make money on the way up.
Today might be that day.
INT is a great story, they are on BNN today, and they have good news flow. They speak with shareholders, and they are doing on May 20th something that will rock the social media stage.
Be patient or buy more and then be patient.....they will get their share of the pie here.
Nice:)
Intertainment's Ortsbo Real Time Translator Accelerates With 15.3 Million Unique Monthly Users & Over 221 Million Minutes of Total User Engagement
Monday, May 09, 2011
NEW YORK, NEW YORK and LOS ANGELES, CALIFORNIA and SAN MATEO, CALIFORNIA and TORONTO, CANADA--(Marketwire - May 9, 2011) - Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT)(OTCBB:ITMTF)(FRANKFURT:I4T) announces that its social media, real time, language translation platform, Ortsbo.com (www.ortsbo.com), continues to accelerate, reaching 15.3 Million Unique Monthly Users, month over month for the period ended May 9, 2011.
In the past week, Ortsbo has generated over 20 Million minutes of User Engagement – a new record for weekly minutes of User Engagement, bringing the total since launching in late July 2010 to 221 Million minutes of User Engagement. Additionally, Ortsbo generated 15.5 Million Page Views, 6.1 Million Online Sessions and 4.9 Million Unique Users in the past week.
According to Google Analytics reports, over 80% of users visit Ortsbo web sites directly and are not using search engines or third party referrals. With over 121,000 Facebook Fans and over 13,800 Twitter followers, the Company continues to experience viral growth opportunities.
The methodology used by Intertainment and Ortsbo to collect, record and report user metrics and results are verified and validated through Google Analytics; the world's leading analytic platform for Internet websites. Over 12 Million websites use Google Analytics to determine, verify and validate the nature and amount of traffic on their sites, including leading websites like Twitter, LinkedIn, Answers, Pandora, IMDB, Match, Huffington Post and others.
Unlike programs that require specific registration information to fully use their platform (like MSN, Facebook, Twitter and other social media sites), currently Ortsbo doesn't require registration users login directly to their favourite social media platform "through" Ortsbo.
The following graph indicates key performance metric growth since September 2010:
To view the graph associated with this release, please visit the following link: http://media3.marketwire.com/docs/int509fig1.pdf
Ortsbo.com presents, Gene Simmons Live & Global – May 20, 2011
On April 20, 2011 Ortsbo announced that together with international rock legend, accomplished global entrepreneur, Ortsbo business partner and spokesman, Gene Simmons and sponsor Live Nation will present Gene Simmons Live & Global, an interactive global event allowing people all over the world to chat with Mr. Simmons in 53 languages. The event will be broadcast around the world from the Rodeo Ballroom of the Beverly Hills Hotel on Friday, May 20, 2011 beginning 7:30 am Pacific. Users can register at www.Ortsbo.com.
Ortsbo's flagship product for social media (www.ortsbo.com) supports global communications with instant translation capability, real time multi-lingual social media chat and instant Twitter translation allowing users to communicate with family, friends and colleagues around the world, providing users with the ability to break down language and cultural barriers through its easy to use, language centric interface. User demographics have continued to favor the BRIC countries with China remaining the number 1 usage country for Ortsbo followed by Brazil, the US, South Korea, Canada, Taiwan, Germany, Argentina, Russia and India. Ortsbo's Top 10 user countries have a combined population of over 3.4 Billion people.
Ortsbo's real time multi-session, multi-platform and multi-lingual application connects to PC and Mac computers, mobile browsers as well as all major search engine chat 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 and Twitter. Ortsbo instantly provides real time translation capabilities to well over 1 billion active chat accounts in over 170 Countries / Territories.
To become a Facebook Fan of Ortsbo, sign up at www.facebook.com/ortsbo.
Follow Ortsbo on Twitter
To review Ortsbo's weekly performance metrics and the Company's corporate blog, please visit www.intertainmentmedia.com/blog.
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.
International rock legend, accomplished global entrepreneur and one of the world's most recognized personalities, Gene Simmons has endorsed Ortsbo.com, having signed on as a business partner and to serve as Ortsbo's official spokesperson.
The personification of today's globally connected, multi-cultural citizen, Simmons is fluent in five languages, including English, Hebrew, Hungarian, and German, as well as some Japanese and he's working to add Mandarin to his repertoire. Simmons will lend his legendary personality to help spread the word about Ortsbo's unique, translator experience platform that integrates seamlessly with the most popular social media platforms to enable users from around the world to instantly send and receive messages in their native language.
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:
David Lucatch
For Ortsbo / Intertainment Media Inc.:
CEO
800-395-9943 / 905-763-3510
info@intertainmentmedia.com
www.ortsbo.com or 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=20110509&archive=ccnm&slug=201105090695237001
Amber MacArthur BNN
Co-host
Amber MacArthur, better known as “Amber Mac”, is no stranger to tech TV with nearly a decade as one of Canada’s top digital media journalists on the small screen.
In addition to Co-Hosting APP CENTRAL on BNN, she hosts CP24’s technology show WEBNATION, blogs for Yahoo! Tech, writes a “Trending Tech” column for The Globe and Mail, contributes tech stories regularly to CTV’s CANADA AM, is the best-selling author of Power Friending: Demystifying Social Media to Grow Your Business, and is the founder of MGImedia, a web strategy company based in Toronto. She also speaks throughout the world about social media marketing.
Amber Mac is originally from P.E.I and is the mom of a toddler, Connor, who loves to play with his mom’s iPad.
@ambermac Fun Facts:
Day job: Entrepreneur, Author & Speaker
Favourite app: Hootsuite
App you wish you’d invented: Twitter
Tablet or smartphone: Smartphone
First cellphone: Motorola Flip
Most memorable interview: Gene Simmons for WEBNATION
Most likely to… carry around 3 to 4 smartphones at a time
Intertainment's KNCTR Breaks Through 400,000 Unique User Mark
Thursday, May 05, 2011
NEW YORK, NEW YORK and SAN MATEO, CALIFORNIA and TORONTO, CANADA--(Marketwire - May 5, 2011) - Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT)(OTCBB: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) continues to deliver incremental week over week new growth in unique users installing the KNCTR® application in North America by adding another 72,876 unique installations.
KNCTR® has now surpassed 400,000 unique installations throughout North America since its official launch and the program continues to be part of the consumer's daily digital routine with an average of over 14 minutes of daily active user engagement. This exceptional loyalty positions the premium advertising supported KNCTR® model as a key engagement tool with features such as great video content, interaction with social medias and making FREE long distance phone calls to cell phones and land lines to anywhere in North America.
KNCTR® is the next generation of social communications 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.
"We're seeing more and more adoption, sharing and engagement with KNCTR®." said Brad Parry, CMO Intertainment Media Inc., "And as this continues to take hold and grow, KNCTR® is truly becoming a 'must have' application for content providers, advertisers and consumers."
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 or 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=20110505&archive=ccnm&slug=201105050694544001
:) A logical progression. How soon people forget the multiple applications for technology these days. Ortsbo is only 1 of 4 products this company has. Lots to come yet.
Intertainment advertises Ortsbo app for iPhone
2011-05-04 09:28 ET - News Release
Mr. David Lucatch reports
INTERTAINMENT'S ORTSBO FIRST MOBILE APP-REAL TIME SOCIAL MEDIA TRANSLATOR FOR IPHONE
Intertainment Media Inc.'s social media, real-time, language translation platform, Ortsbo, has developed its first mobile application for the iPhone. The Ortsbo for iPhone app allows users to connect and chat with their friends, family and colleagues in 53 languages around the world through today's most popular social media platforms. Similar apps for other major smart phones, the iPad and portable computing devices are in development.
Ortsbo's iPhone app, currently undergoing submission and approval by Apple, will initially feature six social media platforms, beginning with Facebook and then including MSN, Yahoo! Messenger, Google Talk, Live Journal and Nokia's Ovi platform. Other popular social and chat networks will be added to the platform in upcoming releases. Once approved, the Ortsbo for iPhone will become a paid app, with details to follow.
Together with Ortsbo for social media, users can communicate, in real time, in 53 languages using both their Apple iPhone and / or computer.
As part of its mobile and portable computing strategy, Intertainment recently announced the acquisition of Commobility to provide key design, development and proprietary IP in the mobile and portable computing arena.
The Ortsbo and Commobility teams are currently developing a series of mobile and portable computing applications for major platforms including Android, BlackBerry, Apple and Windows Phone. This represents the first product in the series. Further apps will begin to release during the current business quarter and throughout the summer of 2011.
The Ortsbo and the Commobility teams are also developing key mobile technology to allow multi- language messaging across mobile devices. Revenues will come from micropayment and carrier based applications. Further details and strategic partnerships will follow as they become available.
Ortsbo.com presents, Gene Simmons Live & Global - May 20, 2011
On April 20, 2011 Ortsbo announced that together with international rock legend, accomplished global entrepreneur, Ortsbo business partner and spokesman, Gene Simmons and sponsor Live Nation will present Gene Simmons Live & Global, an interactive global event allowing people all over the world to chat with Mr. Simmons in 53 languages. The event will be broadcast around the world from the Rodeo Ballroom of the Beverly Hills Hotel on Friday, May 20, 2011 beginning 7:30 am Pacific. Users can register at Ortsbo.com
Ortsbo's flagship product for social media (www.ortsbo.com) supports global communications with instant translation capability, real time multi-lingual social media chat and instant Twitter translation allowing users to communicate with family, friends and colleagues around the world, providing users with the ability to break down language and cultural barriers through its easy to use, language centric interface. User demographics have continued to favor the BRIC countries with China remaining the number 1 usage country for Ortsbo followed by Brazil, the US, South Korea, Canada, Taiwan, Germany, Argentina, Russia and India. Ortsbo's Top 10 user countries have a combined population of over 3.4 Billion people.
Ortsbo's real time multi-session, multi-platform and multi-lingual application connects to PC and Mac computers, mobile browsers as well as all major search engine chat 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 and Twitter. Ortsbo instantly provides real time translation capabilities to well over 1 billion active chat accounts in over 170 Countries / Territories.
We seek Safe Harbor.
BIG NEWS just out Can you say MOBILE
IPO due out today.
China's RENREN to raise 53 million for its social networking IPO
See how long this takes to close.
Looking to sell 53 million shares in the $12 - $14 mark.
Renren Inc., China’s biggest social- networking website by page views, is seeking a valuation more than double that of Facebook Inc. as it aims to raise as much as $743.4 million in a U.S. initial public offering today.
The Beijing-based company is offering 53.1 million American depositary receipts for $12 to $14 each, according to a filing with the U.S. Securities and Exchange Commission. At the midpoint, Renren would trade at 67 times last year’s sales, compared with 25 times for Facebook as valued by Goldman Sachs Group Inc.’s investment in the U.S. company.
Renren is demanding a premium, with China’s economy projected to grow three times faster than the U.S. and about two-thirds of the population not yet online. The company, which also offers games and daily deals for consumers, plans to use the proceeds from the IPO to expand as it faces competition for advertisers and users from local Internet companies Sina Corp. and Tencent Holdings Ltd. (TCEHY)
“You can say it’s overvalued, but people are going to buy it anyway,” said Darren Fabric, a Chicago-based managing director at IPOX Capital Management LLC, which oversees about $2.5 billion and invests in IPOs. “The growth is there, and you’re paying for it big-time.”
Renren and at least 17 other companies worldwide are attempting to raise at least $2.5 billion in IPOs this week, according to data compiled by Bloomberg. In the U.S., April had the most new filings for initial offerings since August 2007, Renaissance Capital LLC, based in Greenwich, Connecticut, said last week.
More Visitors
At least three Chinese Internet companies announced IPO plans last month as Youku.com Inc. (YOKU), the Beijing-based online- video site, trades at more than 100 times 2010 sales following its December IPO.
“We’re at least in exuberant territory, if not a bubble, with Chinese Internet stocks,” said Michael Yoshikami, who oversees $1.1 billion as chief investment strategist at YCMNet Advisors in Walnut Creek, California. “Investors need to be very aware that if the company doesn’t execute on these lofty expectations, they are in for a rude awakening.”
After its offering and a concurrent private placement to investors, Renren may have a market value of $5.1 billion, based on the $13 midpoint of the offering range.
Renren Users
Renren, whose name means “everyone” in Chinese, had 117 million users as of March 31, less than a quarter of the more than 500 million users Facebook has globally. The company boosted the maximum sought in its IPO by 27 percent on April 29.
Facebook, which is banned in China, said in January it had a market valuation of $50 billion after raising $1.5 billion from investors including Goldman Sachs and Russia’s Digital Sky Technologies. The Palo Alto, California-based company may have reached about $2 billion in revenue last year, three people with knowledge of the matter said in December.
Some Chinese Internet stocks may have “high valuation risks,” said Kai-Fu Lee, a former Google Inc. executive whose Beijing-based venture fund invests in startups, in an April 15 interview on Bloomberg Television.
Valuation Risks
Qihoo 360 Technology Co., the Beijing-based provider of computer anti-virus products and Web browsers, has almost doubled in value to 56 times last year’s sales since its March 29 IPO, when it raised $175.6 million. Youku.com, which has booked combined net losses of 681 million yuan ($105 million) since 2007, has more than quadrupled in value since its Dec. 7 IPO, Bloomberg data show.
Softbank Corp., Japan’s third-largest wireless carrier, owns about 40 percent of Renren and isn’t offering shares in the sale, according to the prospectus. Renren founder Joseph Chen, who is also the chairman and chief executive officer, will sell 13 million shares to trim his stake to 23 percent from 28 percent. General Atlantic LLC, based in Greenwich, Connecticut, and DCM, the Menlo Park, California-based venture capital fund, own stakes in Renren as well.
General Atlantic is also an owner of SouFun Holdings Ltd. (SFUN), the operator of China’s biggest real-estate website, whose ADRs have more than doubled on the New York Stock Exchange after its $125 million IPO in September. DCM is an owner of E-Commerce China Dangdang Inc., the country’s biggest online book retailer, whose stock is 42 percent above the Beijing-based company’s IPO price after a Dec. 7 share sale.
‘So Much Hype’
Wang Yi, director of public relations at Renren in Beijing, declined to comment on the pricing. Morgan Stanley (MS), Deutsche Bank AG (DBK) and Credit Suisse Group AG (CSGN) are leading the offering. The ADRs will begin trading on the NYSE tomorrow under the symbol RENN.
China had 457 million Internet users at the end of 2010, and about half of them used social-networking websites, compared with a total population of 1.33 billion in 2009, according to data from the government-sponsored China Internet Network Information Center. The Asian country’s economy will grow 9.6 percent this year, versus 2.8 percent for the U.S., according to estimates from the Washington-based International Monetary Fund.
“Renren is really sitting at the intersection of those two trends, which is why there’s been so much hype about it,” said Nick Einhorn, an analyst at Renaissance Capital. “Whether investors think all of those companies are overvalued is certainly something you could argue for, but given where Youku and Qihoo are trading, it’s not unreasonable to expect Renren to get the same kind of valuation.”
Growing Faster
Besides its social network, Renren operates a group-buying site that offers daily deals on local services and cultural events, Nuomi.com, and an online games site. In 2006, Renren acquired Xiaonei.com, a social networking site founded by graduates of Beijing’s Tsinghua University in 2005. Renren, formerly known as Oak Pacific Interactive, began operations in 2002, according to the IPO prospectus.
“The world has never seen the kind of growth we’re seeing out of Internet companies in China,” said Lou Kerner, a social media analyst at Wedbush Securities Inc. in New York.
Renren will be the first social-networking site to go public in the U.S. LinkedIn Corp., based in Mountain View, California, filed for a $175 million IPO earlier this year and has yet to release terms for the share sale.
Boingo, Thermon
In other IPO news, Boingo Wireless Inc., an operator of wireless Internet hotspots, is attempting to raise as much as $80.8 million offering 5.77 million shares at $12 to $14 each. RPX Corp., the San Francisco-based provider of a patent-risk management service, is seeking $131.4 million selling 7.3 million shares at $16 to $18 apiece.
Thermon Group Holdings Inc., the San Marcos, Texas-based provider of equipment that protects industrial pipes from freezing, aims to raise $140 million selling 10 million shares at $12 to $14 apiece. VOC Energy Trust, the Austin, Texas-based owner of oil and natural-gas properties in Texas and Kansas, seeks $232.8 million selling 11.1 million units at $19 to $21 each.
Glencore International AG, the Swiss commodity trading firm seeking $11 billion from a dual-city IPO in London and Hong Kong, is scheduled to announce a price range for the sale tomorrow, according to company documents. Glencore’s IPO, if successful, will be the biggest worldwide since General Motors Co. raised $18.1 billion in November, data compiled by Bloomberg show.
========================================================= DEALS TO WATCH THIS WEEK: Company No. of Shares Price Range Date Expected or ADRs Renren 53.1 million $12 to $14 May 3 Boingo Wireless 5.78 million $12 to $14 May 3 NetQin Mobile 7.14 million $9.50 to $11.50 May 4 ==========================================================
To contact the reporter: Lee Spears in New York at lspears3@bloomberg.net.
That article was pitifully written. Left out some major points including any reference to the 2 bit cheap shot taken by the blogger. Doesnt deserve to be published. G&M is going downhil fast.
Intertainment's Ortsbo Real Time Translator Accelerates With 14.55 Million Unique Monthly Users & Over 200 Million Minutes of Total User Engagement
Monday, May 02, 2011
NEW YORK, NEW YORK and LOS ANGELES, CALIFORNIA and SAN MATEO, CALIFORNIA and TORONTO, CANADA--(Marketwire - May 2, 2011) - Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT)(OTCBB:ITMTF)(FRANKFURT:I4T) announces that its social media, real time, language translation platform, Ortsbo.com (www.ortsbo.com), continues to accelerate, reaching 14.55 Million Unique Monthly Users, month over month for the period ended May 2, 2011. Since launch in late July 2010, Ortsbo has recorded over 201 Million minutes of User Engagement, over 144 Million Page Views, approximately 44 Million Unique Users and in excess of 64 Million Online Sessions. All of the Ortsbo performance metrics are validated independently through 3rd party verification including Google Analytics.
In the past week, Ortsbo has generated over 18 Million minutes of User Engagement – a new record for weekly minutes of User Engagement, 14.9 Million Page Views, 6.2 Million Online Sessions and 4.5 Million Unique Users.
The methodology used by Intertainment and Ortsbo to collect, record and report results is verified and validated through Google Analytics; the world's leading analytic platform for Internet websites. Over 12 Million websites use Google Analytics to determine, verify and validate the nature and amount of traffic on their sites, including leading websites like Twitter, LinkedIn, Answers, Pandora, IMDB, Match, Huffington Post and others.
According to Google Analytics reports, over 80% of users visit Ortsbo web sites directly and are not using search engines or third party referrals. With over 115,000 Facebook Fans and over 13,000 Twitter followers, the Company continues to experience viral growth opportunities.
The following graph indicates key performance metric growth since September 2010: http://media3.marketwire.com/docs/int502fig.pdf
Gene Simmons Live & Global – May 20, 2011 – Online at Ortsbo.com
On April 20, 2011 Ortsbo announced that together with international rock legend, accomplished global entrepreneur, Ortsbo business partner and spokesman, Gene Simmons and sponsor Live Nation will present Gene Simmons Live & Global, an interactive global event allowing people all over the world to chat with Mr. Simmons in 53 languages. The event will be broadcast around the world from the Rodeo Ballroom of the Beverly Hills Hotel on Friday, May 20, 2011 beginning 7:30 am Pacific. Users can register at Ortsbo.com
Mobile Applications
Ortsbo is developing social media translation apps mobile applications for popular smartphones (Android, Apple, BlackBerry, Windows Phone) and portable computing devices. These applications will begin to release during the current business quarter and throughout the Summer of 2011.
Ortsbo Revenue Opportunities:
Unlike other social media platforms that may experience limited revenue opportunities, Ortsbo has been developed with the ability, in time, to generate revenues from a number of key sources, including, but not limited to:
Social Media – as with many other social media platforms like Facebook, MySpace and Twitter, Ortsbo has initiated advertising and sponsorship programs, allowing advertisers to reach users, through customized offers, on demand and targeted advertising. To maximize long term value, Ortsbo has made advertising available to companies around the globe and has been sharing its independently verified analytics with existing and potential advertisers.
Email – Ortsbo has developed an email translation platform that simply "plugs-in" to existing email applications. The first of these coming to market shortly is Ortsbo for Microsoft Outlook, or "O4O". The product allows instant translation of email with original language attachments. Ortsbo has launched a pilot web site and expects to make it publicly available shortly. The email plug-in module will retail for $29.95 US. Ortsbo also offers a secure, multi-user, multilingual chat module for the commercial market.
Licensing & RSS Feeds – Ortsbo is currently negotiating with a number of firms for the implementation of its licensed translation and RSS feed programs. These programs allow gaming, entertainment, dating and other online entities to provide their users with instant translation of text based conversation, creating a "one language environment". Ortsbo's RSS Feed platform allows users to receive feeds in almost any language. Revenue for these programs are based on paid licensing fees, which may include upfront implementation fees and time, usage based payments.
Private Chat Networks – Ortsbo has developed the ability for organizations to implement their own, private, encrypted and secure chat platforms that can be tailor to a single language or multi-language capabilities. These programs are currently available and the Company is working on partnership sales channel models. This product is available on a bulk, time based payment model or through a seat, or users based payment model.
Sponsored Events – with events like Gene Simmons Live & Global, Ortsbo has developed a unique multi-language, multi-user chat platform that is attracting sponsors that wish to reach users globally. Fees for sponsorship, depending on the event and business terms, include media rights, product placement fees and revenue sharing.
Language Learning – recently, Ortsbo announced a deal with Toronto based, Lingo Media to develop and implement an online language learning center. Users can pay, on demand, by module or course for highly engaging language learning tools. Ortsbo will receive 50% of the revenue from the program.
Apps – Ortsbo is developing for mobile and portable computing a series of native applications for many of the most popular smartphones and tablets along with new and entertaining language based apps. These applications will begin to release during the current business quarter and throughout the Summer of 2011. Revenues will be generated through user downloads and sponsor programs.
Mobile Messaging – Ortsbo is currently developing key mobile technology to allow multi-language messaging across mobile devices. Revenues will come from micropayment and carrier based applications. Further details will follow as they become available.
Ortsbo supports global communications with instant translation capability, real time multi-lingual social media chat and instant Twitter translation allowing users to communicate with family, friends and colleagues around the world, providing users with the ability to break down language and cultural barriers through its easy to use, language centric interface. User demographics have continued to favor the BRIC countries with China remaining the number 1 usage country for Ortsbo followed by Brazil, the US, South Korea, Canada, Taiwan, Germany, Argentina, Russia and India. Ortsbo's Top 10 user countries have a combined population of over 3.4 Billion people.
Ortsbo's real time multi-session, multi-platform and multi-lingual application connects to PC and Mac computers, mobile browsers as well as all major search engine chat 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 and Twitter. Ortsbo instantly provides real time translation capabilities to well over 1 billion active chat accounts in over 170 Countries / Territories.
Given the significant increase in overall usage, Ortsbo has addressed any near term and future concerns for server, bandwidth and computer system management. Working with Microsoft, Ortsbo has agreed to move its computer operations to Microsoft cloud solutions, Windows Azure. This solution will provide Ortsbo with access to effectively infinite server capacity and bandwidth and reduce capital expenditures significantly, as the Company will not have the need for massive infrastructure investment. Ortsbo is currently in the process of implementing its Azure application and expects to be fully engaged throughout this business quarter.
Full details of news coverage can be found at the Intertainment web site – www.intertainmentmedia.com
To become a Facebook Fan of Ortsbo, sign up at www.facebook.com/ortsbo
Follow Ortsbo on Twitter
To review Ortsbo's weekly performance metrics and the Company's corporate blog, please visit www.intertainmentmedia.com/blog
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.
International rock legend, accomplished global entrepreneur and one of the world's most recognized personalities, Gene Simmons has endorsed Ortsbo.com, having signed on as a business partner and to serve as Ortsbo's official spokesperson.
The personification of today's globally connected, multi-cultural citizen, Simmons is fluent in five languages, including English, Hebrew, Hungarian, and German, as well as some Japanese and he's working to add Mandarin to his repertoire. Simmons will lend his legendary personality to help spread the word about Ortsbo's unique, translator experience platform that integrates seamlessly with the most popular social media platforms to enable users from around the world to instantly send and receive messages in their native language.
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:
David Lucatch, CEO
For Ortsbo / Intertainment Media Inc.:
800-395-9943 / 905-763-3510
info@intertainmentmedia.com
To learn more, visit: www.ortsbo.com
To learn more, visit: 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=20110502&archive=ccnm&slug=201105020693476001
It is a shame that many read the globe and mail artical, but did not see the news release from the company, so they sold first thing.
Obvious bounce back this morning. We are trading at a buck fifty and we have this amazing internet story that has gone viral. This is going above ten dollars before we take a breath and try and place a value on it. The days seem long here because we watch each trade, but if it was a stock you were watching but not participating in, weeks would go by and you would marvel at the rise in share price.
This is such a once in a life time opportunity, and a life changing stock. If you were not a participant you would be convinced this has no where to go but up, so don't let your constant need for information allow you to waver when reading basher news, as they can be very good. They are paid by shorters to create fear and insecurity.
hang tough, and print off a picture of a sweet boat/car and focus on the majic.
I like your rational far more than mine. I hope the irony keeps playing out. It is sort of a (not so) vicious cycle (perhaps upward spiral is more appropriate)that keeps making me money.
Personally don't agree that the elections will have any effect on INT. Stocks that are volitile and somewhat speculative normally do not have good Fridays, as fast money does not want to be long on the weekend, and this is true for any active stock.
Friday afternoon saw big chunks of shares being taken up and people wanted in before Mondays opening. I suspect we have news coming prior to the market open, or that would be the anticipation of those buying on Friday.
I think there is a great deal of momentum and reasons to own shares. INT just needs a piece of the pie, and the growth is the growth.
This is getting massive due to social media , kind of ironic.
great way to end the week, but tomorrow is federal election day and I can imagine that it will have some effect on the market. might be a little more of a chill day, hope not though.
Nice end to the week on strength. I am thinking Monday will be a lot of fun. New month and all.....
cheers
Whoops! Nice left turn there:)
More solid now at this price. Just think about them going along with a value of twenty cents, building these products over the past few years, not getting any attention. No one knew about the stock or the story, and now it is quickly becoming a market darling. The selling will not persist, and the shares will take another run. Lots of people in and out today likely, but I don't think I want to be out when they come out with the next big news...so many following this story, it will be a game changer.
Feel sorry for those that have been shaken out, hard to re purchase once you have made the decision to sell.
Yeah it looks like things are getting back to normal like before the cheap shot. Solid company with some great products, lots more to come I think:)
not a bad day, with solid volume again. We are one announcement away from lift off. Imagine the amount of DD being completed by every firm on the street to see what the potential is. It's all about sustained growth at this stage and todays announcement continues to impress.
Look forward to the short covering day, saw a glimpse today running from low 120's to 150.
patients
Intertainment's KNCTR Hits New Weekly Unique User High Point and Continues Solid Growth Pattern
Thursday, April 28, 2011
NEW YORK, NEW YORK and SAN MATEO, CALIFORNIA and TORONTO, CANADA--(Marketwire - April 28, 2011) - Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT)(OTCBB: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) continues to deliver incremental week over week growth of 32% resulting in 80,223 new unique users installing the KNCTR® application during the previous week across North America.
KNCTR® now has over 330,000 unique installations throughout North America since its launch on March 23rd, 2011. Key engagement features such as great video content, interaction with their social medias and making FREE long distance phone calls to cell phones and land lines to anywhere in North America, is allowing the advertising supported platform to continue to drive loyal consumer engagement with active users spending an average of over 13.5 minutes per day engaging with the application.
As an advertising supported platform, KNCTR® has initiated programs to monetize usage.
KNCTR® is the next generation of social communications 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.
"The amount of active user engagement with KNCTR® continues to showcase that KNCTR® has become a core part of the consumer's daily digital habit." said Brad Parry, CMO Intertainment Media Inc., "As the rate of growth continues and engagement increases KNCTR® will continue to be indispensible to both consumers and brands alike."
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
For itiBiti/Ad Taffy / Intertainment Media Inc.:
CMO
800-395-9943
info@intertainmentmedia.com, www.itibiti.com,
www.adtaffy.com or 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=20110428&archive=ccnm&slug=201104280692727001
Great day today, very steady with strong consolidation. Big money does not want a repeat of last week, and knowing there are still sellers, they allowed the shares to come to the. I can live with 10% a day...
A ton of news still to come. Canadian elevation using social media for campaign. You can't be in a better sector right now, and INT is one of a few ways to play social media.
Intertainment's Ortsbo Real Time Translator Accelerates With 13.1 Million Unique Monthly Users
Monday, April 25, 2011
NEW YORK, NEW YORK and LOS ANGELES, CALIFORNIA and SAN MATEO, CALIFORNIA and TORONTO, CANADA--(Marketwire - April 25, 2011) - Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT)(OTCBB:ITMTF)(FRANKFURT:I4T) announces that its social media, real time, language translation platform, Ortsbo.com (www.ortsbo.com), continues to accelerate, reaching 13.1 Million Unique Monthly Users, month over month for the period ended April 25, 2011. Since launch in late July 2010, Ortsbo has recorded over 183 Million minutes of User Engagement, over 129 Million Page Views, approximately 40 Million Unique Users and in excess of 58 Million Online Sessions. All of the Ortsbo performance metrics are validated independently through 3rd party verification including Google Analytics.
In the past week, Ortsbo has generated over 17 Million minutes of User Engagement, 12.9 Million Page Views, 6.2 Million Online Sessions and 4.8 Million Unique Users, a new record of Unique Users.
According to Google Analytics reports, over 80% of users visit Ortsbo web sites directly and are not using search engines or third party referrals. With over 110,000 Facebook Fans, over 15,000 joining this week, and over 12,500 Twitter followers, the Company continues to experience viral growth opportunities.
Gene Simmons Live & Global – May 20, 2011 – Online at Ortsbo.com
On April 20, 2011 Ortsbo announced that together with international rock legend, accomplished global entrepreneur, Ortsbo business partner and spokesman, Gene Simmons and sponsor Live Nation will present Gene Simmons Live & Global, an interactive global event allowing people all over the world to chat with Mr. Simmons in 53 languages. The event will be broadcast from the Rodeo Ballroom of the Beverly Hills Hotel on Friday, May 20, 2011 beginning 7:30 am Pacific. Users can register at Ortsbo.com
Ortsbo Revenue Opportunities:
Unlike other social media platforms that may experience limited revenue opportunities, Ortsbo has been developed with the ability, in time, to generate revenues from a number of key sources, including, but not limited to:
Social Media – as with many other social media platforms like Facebook, MySpace and Twitter, Ortsbo has initiated advertising and sponsorship programs, allowing advertisers to reach users, through customized offers, on demand and targeted advertising. To maximize long term value, Ortsbo has made advertising available to companies around the globe and has been sharing its independently verified analytics with existing and potential advertisers.
Email – Ortsbo has developed an email translation platform that simply "plugs-in" to existing email applications. The first of these coming to market shortly is Ortsbo for Microsoft Outlook, or "O4O". The product allows instant translation of email with original language attachments. Ortsbo has launched a pilot web site and expects to make it publicly available shortly. The email plug-in module will retail for $29.95 US. Ortsbo also offers a secure, multi-user, multilingual chat module for the commercial market.
Licensing & RSS Feeds – Ortsbo is currently negotiating with a number of firms for the implementation of its licensed translation and RSS feed programs. These programs allow gaming, entertainment, dating and other online entities to provide their users with instant translation of text based conversation, creating a "one language environment". Ortsbo's RSS Feed platform allows users to receive feeds in almost any language. Revenue for these programs is based on paid licensing fees that may include upfront implementation fees and time, usage based payments.
Private Chat Networks – Ortsbo has developed the ability for organizations to implement their own, private, encrypted and secure chat platforms that can be tailored to a single language or multi-language capabilities. These programs are currently available and the Company is working on partnership sales channel models. This product is available on a bulk, time based payment model or through a seat, or users based payment model.
Sponsored Events – with events like Gene Simmons Live & Global, Ortsbo has developed a unique multi-language, multi-user chat platform that is attracting sponsors that wish to reach users globally. Fees for sponsorship, depending on the event and business terms, include media rights, product placement fees and revenue sharing.
Language Learning – recently, Ortsbo announced a deal with Toronto based, Lingo Media to develop and implement an online language learning center. Users can pay, on demand, by module or course for highly engaging language learning tools. Ortsbo will receive 50% of the revenue from the program.
Apps – Ortsbo is developing for mobile and portable computing a series of native applications for many of the most popular smartphones and tablets along with new and entertaining language based apps. These applications will begin to release during the current business quarter and throughout the Summer of 2011. Revenues will be generated through user downloads and sponsor programs.
Mobile Messaging – Ortsbo is currently developing key mobile technology to allow multi-language messaging across mobile devices. Revenues will come from micropayment and carrier based applications. Further details will follow as they become available.
The following graph displays the significant growth of key performance metrics of Ortsbo.
To view the graph, please visit the followink link: http://media3.marketwire.com/docs/int425graph.pdf
Ortsbo supports global communications with instant translation capability, real time multi-lingual social media chat and instant Twitter translation allowing users to communicate with family, friends and colleagues around the world, providing users with the ability to break down language and cultural barriers through its easy to use, language centric interface. User demographics have continued to favor the BRIC countries with China remaining the number 1 usage country for Ortsbo followed by Brazil, the US, South Korea, Canada, Taiwan, Germany, Argentina, Russia and India. Ortsbo's Top 10 user countries have a combined population of over 3.4 Billion people.
Ortsbo's real time multi-session, multi-platform and multi-lingual application connects to PC and Mac computers, mobile browsers as well as all major search engine chat 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 and Twitter. Ortsbo instantly provides real time translation capabilities to well over 1 billion active chat accounts in over 170 Countries / Territories.
Given the significant increase in overall usage, Ortsbo has addressed any near term and future concerns for server, bandwidth and computer system management. Working with Microsoft, Ortsbo has agreed to move its computer operations to Microsoft cloud solutions, Windows Azure. This solution will provide Ortsbo with access to effectively infinite server capacity and bandwidth and reduce capital expenditures significantly, as the Company will not have the need for massive infrastructure investment. Ortsbo is currently in the process of implementing its Azure application and expects to be fully engaged throughout this business quarter.
Full details of news coverage can be found at the Intertainment web site – www.intertainmentmedia.com
To become a Facebook Fan of Ortsbo, sign up at www.facebook.com/ortsbo
Follow Ortsbo on Twitter
To review Ortsbo's weekly performance metrics and the Company's corporate blog, please visit www.intertainmentmedia.com/blog
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.
International rock legend, accomplished global entrepreneur and one of the world's most recognized personalities, Gene Simmons has endorsed Ortsbo.com, having signed on as a business partner and to serve as Ortsbo's official spokesperson.
The personification of today's globally connected, multi-cultural citizen, Simmons is fluent in five languages, including English, Hebrew, Hungarian, and German, as well as some Japanese and he's working to add Mandarin to his repertoire. Simmons will lend his legendary personality to help spread the word about Ortsbo's unique, translator experience platform that integrates seamlessly with the most popular social media platforms to enable users from around the world to instantly send and receive messages in their native language.
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:
David Lucatch
For Ortsbo / Intertainment Media Inc.:
CEO
800-395-9943 / 905-763-3510
info@intertainmentmedia.com
www.ortsbo.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=20110425&archive=ccnm&slug=201104250691775001
Hi AAAIRMAX
Agreed. Love whats being built here. Onward and upward.
Hey Otterman,
Good job, don't feed the bears though, they have an insatiable appetite to offer nothing of substance, and just bash.
Social media is a massive opportunity, and INT, has just been discovered.
Cheers
People are not investing in the blogger - they are investing in the company.
Exactly the problem. The blogger just cost people how much money? Law suits are flying everywhere in regards to rights to post on the internet. You must be accountable for your words. So far the company has.
Having followed the China reverse merger stocks lately, I've heard too many times how the bloggers are bad and wrong, only to have it turn out to be the company.
LOL, China stocks? Really? You think thats a fair comparison? Sounds like maybe you got caught on a couple? Gotta do you DD up front when investing in a country with no standards. And I do mean DD on the country, not the stocks. Anyone whos read a newspaper in the last 20 years should be wary of Chinese companies.
David Lucatch transactions. As you can see he acquired about 10 million shares at 13 cents this year and so far has sold about 1 million of those at $1.00.
Issuer name: Intertainment Media Inc.
Insider's Relationship to Issuer: 6 - Director or Senior Officer of 10% Security Holder
Ceased to be Insider: Not applicable
Security designation: Common Shares
1786791 2011-01-12 2011-01-14 Direct Ownership :
16 - Acquisition or disposition under a prospectus exemption +1,250,000 0.1000 4,757,179
1836660 2011-03-21 2011-03-24 Direct Ownership :
36 - Conversion or exchange +5,000,000 0.1100 9,757,179
1838218 2011-03-22 2011-03-25 Direct Ownership :
10 - Acquisition or disposition in the public market -67,500 0.4400 9,689,679
1838219 2011-03-23 2011-03-25 Direct Ownership :
10 - Acquisition or disposition in the public market -98,500 0.4300 9,591,179
1838221 2011-03-23 2011-03-25 Direct Ownership :
10 - Acquisition or disposition in the public market -120,000 0.4400 9,471,179
1836664 2011-03-24 2011-03-24 Direct Ownership :
54 - Exercise of warrants +4,000,000 0.1600 13,471,179
1838223 2011-03-25 2011-03-25 Direct Ownership :
10 - Acquisition or disposition in the public market -70,000 0.4400 13,401,179
1838224 2011-03-25 2011-03-25 Direct Ownership :
10 - Acquisition or disposition in the public market -25,000 0.4700 13,376,179
1838225 2011-03-25 2011-03-25 Direct Ownership :
10 - Acquisition or disposition in the public market -65,000 0.4800 13,311,179
1852775 2011-04-11 2011-04-14 Direct Ownership :
10 - Acquisition or disposition in the public market -51,000 0.8200 13,260,179
1852776 2011-04-11 2011-04-14 Direct Ownership :
10 - Acquisition or disposition in the public market -122,000 0.8252 13,138,179
1852778 2011-04-11 2011-04-14 Direct Ownership :
10 - Acquisition or disposition in the public market -2,000 0.8320 13,136,179
1852779 2011-04-12 2011-04-14 Direct Ownership :
10 - Acquisition or disposition in the public market -100,000 0.8900 13,036,179
1852780 2011-04-12 2011-04-14 Direct Ownership :
10 - Acquisition or disposition in the public market -7,000 0.8400 13,029,179
1852781 2011-04-12 2011-04-14 Direct Ownership :
10 - Acquisition or disposition in the public market -133,000 0.8460 12,896,179
1855435 2011-04-14 2011-04-19 Direct Ownership :
10 - Acquisition or disposition in the public market -103,900 1.1396 12,792,279
1855436 2011-04-14 2011-04-19 Direct Ownership :
10 - Acquisition or disposition in the public market -32,600 1.0800 12,759,679
1855437 2011-04-14 2011-04-19 Direct Ownership :
10 - Acquisition or disposition in the public market -63,500 1.1163 12,696,179
1855438 2011-04-14 2011-04-19 Direct Ownership :
10 - Acquisition or disposition in the public market -10,400 1.1000 12,685,779
1855439 2011-04-14 2011-04-19 Direct Ownership :
10 - Acquisition or disposition in the public market -91,600 1.0830 12,594,179
1855440 2011-04-14 2011-04-19 Direct Ownership :
10 - Acquisition or disposition in the public market -42,700 1.0700 12,551,479
1855441 2011-04-14 2011-04-19 Direct Ownership :
10 - Acquisition or disposition in the public market -5,300 1.0720 12,546,179
Security designation: Convertible Debentures
1836659 2011-03-21 2011-03-24 Direct Ownership :
36 - Conversion or exchange -$550,000 0
Security designation: Exchangeable Shares Warrants
1786794 2011-01-12 2011-01-14 Direct Ownership :
16 - Acquisition or disposition under a prospectus exemption +1,250,000 0.1300 2,000,000
1836661 2011-03-21 2011-03-24 Direct Ownership :
36 - Conversion or exchange +5,000,000 0.1600 7,000,000
1836662 2011-03-24 2011-03-24 Direct Ownership :
54 - Exercise of warrants -4,000,000 0.1600 3,000,000
Security designation: Options (Common Shares)
1838227 2011-03-21 2011-03-25 Direct Ownership :
50 - Grant of options +980,000 0.4300 3,205,000
I don't really care whether a blogger has an agenda or backs up his facts. I look at a blog as an opinion piece.
I do care whether the company is speaking factually and can back up its facts. The company definitely does have a legal obligation, much more so than a blogger.
I don't really believe either one until there is independent verification. That's why auditors exist. People are not investing in the blogger - they are investing in the company.
Having followed the China reverse merger stocks lately, I've heard too many times how the bloggers are bad and wrong, only to have it turn out to be the company.
Anyway, I'm pretty sure this stock will be under $1.00 before long. We can argue back and forth, but only time will tell.
1) Note the company is consulting for legal action against the writers/company that issued that comment. Ive read the comment and it is full of speculation and stats with no backup to them - exactly what they accuse the company of doing. I wouldnt even know where to start poking holes in the article. Perhaps this is another group who comes in a bashes a company so that their folowers who missed the boat can get in cheaper.
2) Gene Simmons is no chump. Sure not everything he touches turns to gold but he's got an incredibly better record than the fund manager mentioned in the article. Are you going to even compare Gene's 36 years of experience to Palmer's 2? LOL.
The longs have already done very well - absurdly well. Only in very exceptional circumstances can the value of a company quadruple or more in a matter of a week.
It's up 1500% in three months. Either the stock price will come down a lot or this company is one in a million. Is this really another Facebook, or just another one-day-wonder?
How many shares are the insiders selling? That's usually the key indicator.
How many shares did Zuckerberg sell on the way up?
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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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