Intertainment Media Inc (ITMTF)

[Cool_Law]

David Lucatch Posted on Facebook.....

David here - there has been a lot of chatter over the past couple of days about the "Gypsy Swap" transaction. The truth is alway much easier than the "speculation" of untrained professionals. Simply put, the International Fund could only invest in INT on a free trading share basis. Our goal with this group is a long term opportunity, not a short term $2.5 Million investment, as they introduce us to opportunities globally, starting in China.

The mechanism used allowed the Fund to achieve this goal. Very simply, myself (David Lucatch) and one other arm's length shareholder sold the Fund Free Trading Stock and those proceeds are now being invested into INT and we are holding the restricted - 4 month paper.

All the speculation is wrong and expansion with this Fund and others, including our US agents are very much still on the table as Ortsbo and our other divisions continue to move forward with revenue opportunities.