Replies to post #447 on Intertainment Media Inc (ITMTF)

[AAAIRMAX]

Over 664,000 Unique Installations in North America for Intertainment's KNCTR
02 Jun 2011 08:56 ET

Marketwire
Intertainment Media Inc.
June 2, 2011 - 08:56:16 AM
Over 664,000 Unique Installations in North America for Intertainment's KNCTR
NEW YORK, NEW YORK and LOS ANGELES, CALIFORNIA and SAN MATEO, CALIFORNIA and
TORONTO, ONTARIO--(Marketwire - June 2, 2011) - Intertainment Media Inc.
("Intertainment" or the "Company") (TSX
VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) announces that its desktop app
KNCTR(R) (pronounced "Connector") - www.knctr.com a key program of
Intertainment's wholly owned division itiBiti Systems Inc. (www.itibiti.com)
is now counting over 664,000 unique installations in the North American
market.
KNCTR(R) saw 79,622 unique installations throughout North America over the
previous week period and the program increasingly continues to be part of
consumer's daily digital consumption pattern with an average of over 13.3
minutes of daily active user engagement. The active user engagement continues
to make the premium advertising supported KNCTR(R) model a key tool that
features video content, integration of social media and the ability to make
FREE long distance phone calls to cell phones and land lines to anywhere in
North America.
KNCTR(R) is the next generation of social communication and entertainment
applications that allows users to aggregate their social media(s) and voice
services into one location on their desktop. Unlike Skype, the telephone
feature on KNCTR(R) is completely free to the consumer allowing FREE local and
long distance calls to mobile phones and land lines. KNCTR(R) 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(R) is positioned to enhance the functionality and
usability of these devices by allowing them to become a fully functioning
phone unit.
"Week over week we are continuing to see significant growth in our new
installation base for KNCTR(R)," said Brad Parry, CMO Intertainment Media
Inc., "The level of engagement and sharing is notable as we continue to see
KNCTR(R) becoming a core element in the consumer's daily digital habit."
Notably, the itiBiti desktop app has been hailed by Microsoft Corp. as "the
next generation of integrated social media applications - easy, scalable and
fun."
Full details of news coverage can be found at the Intertainment web site -
www.intertainmentmedia.com.

[AAAIRMAX]

May 13, 2011 14:52 ET


Main Points:


This is the first closing. The Company issued 19,760,271 Special Warrants at 1.20 per, for gross proceeds of 23,712,326.60. Each warrant is exchangeable for one common share and one-half of one common share purchase warrant.


Each whole warrant is executable for one additional common share at $2.00 expiring on May 13, 2013, or, after September 15, 2011 should the common shares trade on the TSX-V at $4.00 for over for 15 consecutive days the company may accelerate the expiry date. If this occurs the warrants will expire 30 days after the company has given notice.


Directors and officers of the Company acquired 1,024,090 Special Warrants for gross proceeds of approximately $1,228,908.


It was reported that the company will use the proceeds to accelerate Intertainment Media's core new media offering - Ortsbo, Ad Taffy and itiBiti (KNCTR), potential acquisition opportunities and for working capital purposes.


The private placement was over subscribed as indicated below.

"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."

[AAAIRMAX]

If you are reading this, have you downloaded KNCTR.?? If not, then you should, and then email this to everyone in your email accounts. This is how SKYPE got around, and we need to do our part to have this explode.

Download takes two minutes....Very cool

http://www.knctr.com/

[AAAIRMAX]

How much should we be valued at????

Internet radio firm Pandora Media Inc. is offering about 5 million shares of its common stock in its proposed initial public offering and anticipates pricing of between $7 and $9 per share. The company will have more than 158.73 million shares outstanding after the offering, giving it a potential market value of over $1.4 billion at the top end of the pricing range.

Net income in the first 9 months of 2010 was…a loss of $328,000. Pandora lost $18 million during the same months in 2009.

Who are they??? should INT's value be higher? or 1/5 their value.