Intertainment Media Inc.
TSX VENTURE : INT

Intertainment Media Inc.

June 05, 2007 09:26 ET

Intertainment Media to Acquire Interest in Leading Edge Content and Technology Company

Hollywood Films and Prime Television Content to be available online, in a free to view, advertising supported model

TORONTO, ONTARIO--(Marketwire - June 5, 2007) - Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT) is pleased to announce that it has agreed to acquire a minority equity interest in DC NetCast Media Inc. ("DC NetCast" or "DC"), www.dcnetcast.com, a privately held Toronto, Canada company with diversified holdings in both content assets and technology IP.

DC NetCast Media Group Inc., have developed a unique and exciting new broadcast forum called 2Theater.com that will broadcast feature length Hollywood films and prime television network content within an interactive atmosphere. Movie and content are delivered in a free to view format, with revenues being generated through the sale of commercial advertising space. 2Theater.com will launch in July 2007. DC Netcast is already in negotiations with a number of major online portals, and the 2Theater.com system will be licensed to several industry leading broadband, IPTV and related content sites.

The newly formed relationship will see DC NetCast providing proprietary and licensed content, technology services and proprietary software, in order to provide support for tremendous growth currently experienced on Intertainment's primary new media platform, EyeRockDigital.com and other associated properties within the Intertainment network. Intertainment will purchase and license content from DC NetCast on a revenue sharing basis and assist in the distribution efforts of the DC NetCast software platform.

In addition to the significant content already secured, Intertainment will be providing over 500 full length movie and programming titles that will be available with the launch of the 2Theater.com platform. Intertainment is currently negotiating with a number of content providers to include additional programming in the 2Theater.com offering.

Intertainment Media Inc. President and CEO David Lucatch will assume a position on the Board of Directors for DC NetCast Media Group Inc. and will assist DC in its growth strategies.

"We are very excited about our relationship with DC NetCast and the benefits the DC content and technology will add to our network. We believe that the 2Theater.com platform will add tremendous value to our current content library, and greatly extend our revenue opportunities," said Mr. David Lucatch, President and CEO of Intertainment Media Inc.

About DC NetCast Media Group Inc.

DC NetCast Media Group Inc. (www.dcnetcast.com) is a privately held company and is a leader in the development of online live and VOD (Video on Demand) streaming services, UDV video upload technology, database development, social community development and other related software including dating services, user blog technology, online classifieds technology and a revolutionary targeted video driven add server technology.

About Intertainment Media Inc.

Intertainment Media and its divisions, develop traditional and new media marketing programs for clients to build Brand, Loyalty and Revenues.

Intertainment, with its wholly owned US subsidiary, Eye Rock Digital.com (www.eyerockdigital.com) has acquired interests and working partnerships with a number of new media, content and technology companies, including NO GOOD TV (www.ngtv.com), Trooker Inc. (www.trooker.com), and DC NetCast Media Inc.

Working with industry leading firms in the financial sector, real estate, insurance, media, telecommunications, entertainment, electronic gaming, travel, automotive and services sectors, the Company initiates proprietary business building solutions that increase customer activity and strengthen customer-vendor relationships.

The Company maintains a fully integrated creative, web, technology and graphics production facility to service its growing client base, and works with company owned and managed systems with vendors throughout North America and Europe. The Company developed proprietary technologies for managing these programs and manufacturing its offerings.

Intertainment Media Inc. is headquartered in Richmond Hill, Ontario, Canada. Its shares trade on the TSXV (symbol: INT).

This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. 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. We do not undertake any duty to update any forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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