Intertainment Media Inc (ITMTF)

[Cool_Law]

NEWS OUT

Under the terms of the agreement, the parties have agreed that Ortsbo has the right to acquire up to 22%[color=red][/color] of the total equity of CGCI in the first year for a potential investment of USD $2.65 million.

CGCI Hong Kong's wholly owned Beijing based subsidiary, have a partnership agreement with China Education Television ("CETV"), for its China Education Channel 3 Primetime ("CETV 3") and its Early Learning Channel ("CELC") to build the program content and channel assets of China Television's Early Learning Channel and to distribute imported and original content on CETV Channel 3 Primetime.

The CETV 3 Primetime and Early Learning Channel venture gives CGCI control over the programming, advertising and sponsorship development for 7 hours per week on CETV Channel 3 in primetime, and 42 hours per week on the Early Learning Channel, for a combined 49 hours per week of air time which currently reaches over 250 million people in more than 200 cities across China.

CETV 3 Primetime and the Early Learning Channel will give CGCI the opportunity to generate an estimated USD $15 million in 2012 and USD $150 million dollars in gross earnings [color=red][/color]over the first three years through advertising, sponsorship and e-commerce revenues tied to the youth and young family market in China.

http://www.marketwire.com/press-release/intertainments-ortsbo-invests-china-green-channel-international-provide-translation-tsx-venture-int-1589428.htm