Intertainment Media Inc.
TSX VENTURE : INT
OTCQX : ITMTF
FRANKFURT : I4T

Intertainment Media Inc.

October 24, 2013 08:30 ET

Intertainment's Portfolio Investment Tunezy Joins SFX Entertainment

TORONTO, CANADA and NEW YORK, NEW YORK--(Marketwired - Oct. 24, 2013) - Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) is pleased to announce that SFX Entertainment, Inc. (NASDAQ:SFXE), the world's largest producer of live events and entertainment content focused exclusively on electronic music culture (EMC), announced today that it has signed an agreement to purchase Tunezy, a social media-based commerce platform that connects content creators to their fans. Intertainment has an overall stake of approximately 20% in Tunezy. The details of the agreement have not yet been disclosed by SFX.

Tunezy, is an award-winning commerce platform for entertainers focused on connecting music artists with their fans. Tunezy has worked with thousands of content creators with a combined following of over 10 million fans, including musicians, vloggers and online personalities.

"We are very proud to have been supported at an early stage by the team at Intertainment Media. Their leadership and guidance gave us the base to expand our program beyond the Canadian music marketplace and build an international audience, ultimately leading to our agreement with SFX," said Derrick Fung, CEO of Tunezy.

"The purchase agreement with SFX and Tunezy represents an opportunity to monetize our initial investment with a leader in the entertainment content space," said David Lucatch, CEO Intertainment Media Inc.

About Intertainment Media Inc. (www.intertainmentmedia.com)

Intertainment is one of Canada's leading technology incubators and is focused on developing, nurturing and investing in both North American and global technologies and companies that provide technology solutions for brands and consumers alike. Intertainment also owns and operates a number of key properties including Ortsbo, Deal Frenzy, BlackBox Loyalty and Magnum, with investments in leading edge technologies and social media platforms including theaudience.com, CapThat.com, Poynt, Ad Taffy, itiBiti and Yappn. For more information on Intertainment and its properties, please visit www.intertainmentmedia.com.

Intertainment is headquartered in the Toronto, Canada region, with offices in New York and Los Angeles, CA and is listed on the TSX Venture Exchange under the symbol "INT" (TSX VENTURE:INT) and in the US on the OTCQX Market under the symbol "ITMTF". Intertainment is also traded in Europe on the Open Market (Regulated Unofficial Market) of the Frankfurt Exchange through the XETRA trading platform under the symbol "I4T".

Forward Looking Information

This news release contains certain "forward-looking information" within the meaning of such statements under applicable securities law, including statements relating to the expected use of proceeds of the Offering.

Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Actual timelines associated may vary from those anticipated in this news release and such variations may be material. 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 regulators. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on this forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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