Intertainment Media Inc.

Intertainment Media Inc.
Ortsbo USA Inc.

Ortsbo USA Inc.

May 08, 2013 10:30 ET

Ortsbo USA Engages Dawson James Securities to Move Forward With Financing and US Spin Out

TORONTO, CANADA--(Marketwired - May 8, 2013) -


Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) is pleased to announce that its subsidiary Ortsbo USA Inc. ("Ortsbo") has entered an exclusive engagement with Dawson James Securities, Inc. ("Dawson James") of Boca Raton, FL to support its financing program and go forward with the spin out to a US Senior Exchange, subject to all necessary approvals.

Under the terms of the engagement, Dawson James will have the exclusive right to the financing and planned listing strategies for Ortsbo. Given Ortsbo's current and projected business trajectory, the parties have elected to review the opportunities for initial direct financing to allow Ortsbo to maintain its growth without continued funding from Intertainment. The parties feel that this strategy will yield a higher potential value for Ortsbo as it will provide the means for Ortsbo to continue to deliver on its business and revenue mandate.

Ortsbo continues to execute on its business plan and rollout several major programs and installations in the Customer Care, Gamification and Corporate Communications business sectors. The programs undertaken with these key clients are proving the Ortsbo revenue model as the arena for globalization continues to grow at an accelerated pace. Ortsbo has demonstrated leadership in the real-time communications field to a number of Fortune 500 companies and industry leaders and is working with these and others to create rollout strategies for their particular corporate needs.

As a subsidiary of Intertainment, where Intertainment owns the majority interest in Ortsbo, any significant disposition of assets, including a financing of Ortsbo, is subject to Canadian regulatory approval. It is anticipated that the initial Ortsbo financing will be a Reviewable Transaction under the polices of the TSX Venture Exchange; however, it will not require shareholder approval or an advance information circular as it will not result in the disposition of the majority of the assets of Intertainment.

Intertainment and Ortsbo will continue with its mandate to inform shareholders and invites shareholders and interested parties to attend an informal meeting on May 31, 2013, where management will be making an updated presentation as to the state of the organization and answer pertinent questions. Intertainment will also make available live demonstrations of the Ortsbo and select Intertainment technologies, including Yappn, which deploys the Ortsbo technology.

The meeting will be on Friday, May 31, 2013 beginning at 9:45am and will be held at the Sheraton Parkway Toronto North, Richmond Ballroom, located at 600 Highway 7 East, Richmond Hill, Ontario, L4B 1B2.

For more information on Dawson James Securities, Inc. please visit

About Ortsbo USA Inc. -

Ortsbo enables real-time, cross-language communication experiences. Delivered as a Cloud computing service, Ortsbo can be embedded into high value communication processes and internet endpoints to create dramatic value across more than 65 languages. Based on invention and proprietary technology, Ortsbo creates unparalleled, high-fidelity experiences. With offices in Colorado, Austin, and Los Angeles, Ortsbo is a portfolio company subsidiary of Intertainment Media.

About Intertainment Media Inc. -

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, The Sweet Card and Magnum, with investments in leading edge technologies and social media platforms including, and For more information on Intertainment and its properties, please visit
Intertainment is headquartered in the Toronto, Canada region, with offices in New York, Los Angeles and San Mateo, 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 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.

This news release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such terms are defined in Regulation S under the United States Securities Act of 1933, as amended (the "U.S. Securities Act")), absent registration or an exemption from registration. The securities offered have not been and will not be registered under the U.S. Securities Act or any state securities laws and, therefore, may not be offered for sale in the United States, except in transactions exempt from registration under the U.S. Securities Act and applicable state securities laws.

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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