Intertainment Media Inc. ("Intertainment" or the "Company") (TSX
VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) announces that its
subsidiary, Ortsbo (www.ortsbo.com), the world's leading real time,
experiential social communications platform, accelerated to more
than 107 Million Unique users for the 30 day period of January 25,
2012 to February 23, 2012. The actual results of 107,771,092 Unique
Users for the period represents an increase of 167% since Ortsbo's
last reported results on November 10, 2011.
Fuelled by dramatic increases of Ortsbo usage in China, South
Korea, Hong Kong and Japan together with recent Live & Global
events with Disney and the Avengers Assemble Movie, Dreamworks
Warhorse and Steven Spielberg, the Variety CES Summit, Variety and
The Sundance Film Festival featuring Stan Lee and Gene Simmons and
live coverage of the red carpet at the 2012 BAFTA Awards in London,
Ortsbo continues to outpace the first few years unique user growth
of other major social media sites like Facebook, as presented
below:
To view the graph associated with this press release, please
visit the following link:
http://media3.marketwire.com/docs/OrtsboVs.Facebook.pdf.
In the 30 day period, prior to announcing Ortsbo's spin out from
Intertainment Media with the intention to independently seek
listing on a senior Exchange, Ortsbo results were:
January 25, 2012 to February 23, 2012
Online Sessions: 125,115,373 Up 122% since November 2011
Page Views: 320,594,970 Up 133% since November 2011
Unique Users: 107,771,092 Up 167% since November 2011
Minutes of User Engagement: 546,892,514 Up 91% since November 2011
It is important to note that these results do not include any
mobile metrics. Analytics provided by Google Analytics have been
independently reviewed by a Canadian Investment Bank as part of
their due diligence process.
"Our focus on accelerated growth is balanced with a strong view
towards creating long-term monetization strategies for Ortsbo to
reward our stakeholders," said David Lucatch CEO of Ortsbo and
Intertainment Media.
Jacqueline Saltzer-Lamb joins Ortsbo as Vice President Executive
& Corporate Communications
Ortsbo is also announcing the appointment of Jacqueline
Saltzer-Lamb as its new Vice President of Executive & Corporate
Communications. Ms. Saltzer-Lamb, who had been the Director of
Global Product and Communications at eBay, will be responsible for
Ortsbo's worldwide communications. Prior to eBay, Ms. Saltzer-Lamb
was Managing Director of Employee Communications at Charles Schwab.
Ms. Saltzer-Lamb has worked at a number of leading companies in the
information technology and financial services industries, including
Oracle, PeopleSoft, FrontRange and Novell and has an extensive
background in strategic, corporate, and executive
communications.
The Ortsbo "Spin Out"
On February 28, 2012, Intertainment Media announced that
Intertainment and its board of directors have reviewed various
options for the spin out of its subsidiary Ortsbo Inc. ("Ortsbo")
and have elected to proceed with a transaction structure (the
"Transaction") that it believes will be the most favorable to the
current security holders of Intertainment.
For further information, please refer to the Company's
announcement filed at www.sedar.com.
To become a Facebook Fan of Ortsbo, sign up at
www.facebook.com/ortsbo.
Follow Ortsbo on Twitter.
For the Company's corporate blog, please visit
www.intertainmentmedia.com/blog.
About Ortsbo Inc. www.ortsbo.com
Ortsbo (www.ortsbo.com) enables real-time conversational
translation in over 50 languages and seamlessly integrates with
today's most popular social media platforms.
Ortsbo Inc. is a subsidiary of Intertainment Media Inc., a Rich
Media Applications leader, focused on delivering leading edge
technology and marketing solutions enabling clients with power
enhanced branding, loyalty initiatives and consumer engagement.
Selected as a Microsoft Global Agency Initiative partner,
Intertainment has joined an elite group of interactive agencies
worldwide that Microsoft recommends to its Partners and
Customers.
Ortsbo's flagship product for social media (www.ortsbo.com)
supports global communications with instant translation capability,
real time multi-lingual social media chat connects to PC and Mac
computers, mobile browsers, as well as all major search engine chat
platforms including Microsoft, Google and Yahoo!, along with
Facebook, iChat, AIM, ICQ, Gadu-Gadu, Ovi, Lotus Sametime,
LiveJournal and Tencent QQ and QQ International, China's largest
chat platforms and Twitter.
Ortsbo allows users to communicate with family friends and
colleagues around the world, providing users with the ability to
break down language and cultural barriers through its easy to use,
language centric interface. User demographics have continued to
favor the BRIC countries with China remaining the number one usage
country for Ortsbo.
International rock legend, accomplished global entrepreneur and
one of the world's most recognized personalities, Gene Simmons has
endorsed Ortsbo.com, having signed on as a business partner and to
serve as Ortsbo's official spokesperson.
The personification of today's globally connected,
multi-cultural citizen, Simmons is fluent in five languages,
including English, Hebrew, Hungarian, and German, as well as some
Japanese and he's working to add Mandarin to his repertoire.
Simmons will lend his legendary personality to help spread the word
about Ortsbo's unique, translator experience platform that
integrates seamlessly with the most popular social media platforms
to enable users from around the world to instantly send and receive
messages in their native language.
Two-time NBA MVP Steve Nash has become an official spokesperson
for Ortsbo. Leading Ortsbo's global sports fan program, Nash will
present and participate in a number of online fan chats with
international athletes from a number of sports disciplines.
Intertainment Media owns and operates a number of key properties
including Ad Taffy, itiBiti, Ortsbo and Magnum. For more
information on the Company and its properties, please visit
www.intertainmentmedia.com.
Headquartered in the Toronto, Canada region, with offices in New
York, Los Angeles and San Mateo, CA, Intertainment Media Inc. is
listed on the TSX Venture Exchange under the symbol "INT" (TSX
VENTURE:INT) and in the US on the OTCQX Exchange under the symbol
"ITMTF". Intertainment is also traded in Europe on the Frankfurt
Exchange on the XETRA trading platform under the symbol "I4T".
Reader Advisory
This press release should not be considered a comprehensive
summary of the Transaction. Additional information required by the
TSXV will be disseminated at a future date following a satisfactory
review by the TSXV.
Investors are cautioned that, except as disclosed in the
Management Information Circular to be prepared in connection with
the Transaction, any information released or received with respect
to the Transaction may not be accurate or complete and should not
be relied upon. Trading in the securities of Capstream should be
considered highly speculative.
Trading of the Capstream Shares will remain halted pending
receipt and review by the TSXV of acceptable documentation
regarding the combined entity following completion of the
Transaction. The proposed Transaction has not been approved by the
TSXV and remains subject to TSXV approval.
Completion of the Transaction is subject to a number of
conditions, including but not limited to, TSXV acceptance. The
Transaction cannot close until the required approvals are obtained.
There can be no assurance that the Transaction will be completed as
proposed or at all.
Except for statements of historical fact, this news release
contains certain "forward-looking information" within the meaning
of applicable securities law. Forward-looking information is
frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions
"may" or "will" occur. In particular, forward-looking information
in this press release includes, but is not limited to, statements
with respect to timing and completion of the due diligence relating
to the Transaction, the entering into of the transaction and
financing documents and the satisfaction of the conditions
precedent to the Transaction (including receipt of TSXV approval).
Although we believe that the expectations reflected in the
forward-looking information are reasonable, there can be no
assurance that such expectations will prove to be correct. We
cannot guarantee future results, performance or achievements.
Consequently, there is no representation that the actual results
achieved will be the same, in whole or in part, as those set out in
the forward-looking information.
The forward-looking information contained in this news release
is expressly qualified by this cautionary statement. We undertake
no duty to update any of the forward-looking information to conform
such information to actual results or to changes in our
expectations except as otherwise required by applicable securities
legislation. Readers are cautioned not to place undue reliance on
forward-looking information.
The TSX Venture Exchange has in no way passed upon the merits of
the proposed Transaction and has neither approved nor disapproved
the contents of this press release.
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.
Contacts: For Ortsbo / Intertainment Media Inc.: David Lucatch,
CEO 800-395-9943 / 905-763-3510info@intertainmentmedia.com To learn
more, visit: www.ortsbo.com To learn more, visit:
www.intertainmentmedia.com Public Relations / Media Inquiries: SS /
PRmcampe@sspr.com www.sspr.com
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