The Intertain Group Limited
TSX : IT
OTCQX : ITTNF

The Intertain Group Limited

December 10, 2015 16:01 ET

Intertain Group Limited to Begin Trading on OTCQX

TORONTO, ONTARIO--(Marketwired - Dec. 10, 2015) - The Intertain Group Limited ("Intertain" or the "Company") (TSX:IT)(OTCQX:ITTNF) is pleased to announce that the Company's common shares will begin trading tomorrow, December 11, 2015, on the OTCQX®Best Market under the symbol ITTNF.

Intertain will continue to trade on the TSX under the symbol IT.

"Intertain is a global company that holds significant appeal to investors worldwide," said Keith Laslop, Chief Financial Officer of Intertain. "Trading on OTCQX is a first step to make our stock more globally available and will improve accessibility for our U.S. shareholders."

Canaccord Genuity will serve as Intertain's Principal American Liaison ("PAL") on OTCQX and will be responsible for providing guidance on OTCQX requirements and compliance with U.S. securities laws.

OTCQX provides Intertain with exposure to both institutional and retail investors through major online and full-service brokerage firms. Trades are settled and cleared in the United States similar to any NASDAQ or NYSE stock, and trade reports are disseminated through major financial data providers.

U.S. investors will be able to find current financial disclosure and Real-Time Level 2 quotes for Intertain on www.otcmarkets.com.

About The Intertain Group Limited

Intertain is an online gaming company that provides entertainment to a global consumer base. Intertain currently offers bingo and casino to its customers using the InterCasino www.intercasino.com, Costa www.costabingo.com, Vera&John www.verajohn.com, Jackpotjoy www.jackpotjoy.com, and Botemania www.botemania.es brands. For more information about Intertain, please visit www.intertain.com.

Disclaimer in Regards to Forward-Looking Statements and Non-IFRS Financial Measures

Certain statements included herein, including those that express management's expectations or estimates of our future performance constitute "forward-looking statements" within the meaning of applicable securities laws, including, without limitation, our statements as to guidance regarding total revenues, total adjusted net income and total adjusted diluted income. The purpose of the guidance provided herein is to enhance our disclosure and assist in understanding our expected and targeted financial results, and this information may not be appropriate for other purposes. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The additional key assumptions that the Company has made in connection with the forward-looking statements is that the Company will be able to successfully integrate and realize the benefits of its completed acquisitions. Investors are cautioned not to put undue reliance on forward-looking statements. Events or circumstances that could cause the actual results to differ materially from those in the forward-looking statements include general economic, business and market conditions, foreign exchange rates, governmental and regulatory actions, including changes in law or in the interpretation of laws relating to online gaming. Except as required by law, the Company does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. Additional information identifying risks and uncertainties is contained in Intertain's filings with the Canadian securities regulators, including its annual information form dated March 31, 2015, available at www.sedar.com.

This release contains non-IFRS financial measures and are noted where used. These financial measures are commonly used to compare companies and management believes they are important measures in evaluating Intertain. However, they are not recognized measures under IFRS and do not have a standardized meaning prescribed by IFRS. Therefore, they may not be comparable to similar measures presented by other issuers. Investors are cautioned that such measures should not be construed as alternatives to comparable IFRS measures determined in accordance with IFRS.

Contact Information

  • Amanda Brewer
    Vice President, Corporate Communications
    The Intertain Group Limited
    +1 416-720-8150
    abrewer@intertain.com