TORONTO, ONTARIO and VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct 18, 2012) - Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT)(ITMTF)(I4T.F) is pleased to announce that it has signed a Memorandum of Understanding ("MOU") with Stockhouse Publishing Ltd. ("Stockhouse") to create Stockhouse.TV powered by Ortsbo. Under the terms of the MOU, Ortsbo (www.ortsbo.com), the world''s leading real-time experiential communications platform, will produce a pilot program with Stockhouse entitled "Stockhouse.TV". The program will be powered by Ortsbo''s Live & Global™ platform and using Ortsbo''s video broadcast services and 66 language technology, the program will provide an online telecast experience for viewers in which company representatives, experts and investment industry professionals can update the online community regarding business developments and answer viewer-submitted questions live while users can instantly consume the programming in their native language. The first weekly show airing will take place on October 23, 2012 at 1:30 pm EST and users can register to ask their questions and participate in the broadcast at www.stockhouse.tv.
"Our pilot program with Intertainment Media has the real potential to change the way that companies connect with their stakeholder and investor base," said Marcus New, CEO of Stockhouse Publishing. "Real-time, online video provides a means to bring companies and stakeholders closer together in order to drive a dynamic and interactive exchange of ideas and information. The success of Stockhouse.TV will enhance the capital market communication capabilities that Stockhouse can offer to public companies."
Under the terms of the MOU, both Intertainment and Stockhouse will promote and assess a four week pilot program in which Stockhouse will secure and provide client company representatives and Ortsbo will broadcast the program and provide the technology from inside Intertainment Media Inc.''s corporate offices. The pilot program is intended to lead to a definitive long-term revenue based agreement.
"We are excited to be able to provide Stockhouse with the capabilities to increase their global reach and let participants engage, in over 60 languages, with guests of Stockhouse.TV," said David Lucatch, CEO Intertainment Media / Ortsbo. "Ortsbo''s Live & Global technology has been successfully deployed around the world to a host of major companies and events and Stockhouse.TV offers us a unique, revenue centric opportunity to increase Ortsbo''s global footprint."
Ortsbo has hosted numerous successful Live & Global sessions, most recently airing coverage of the 2012 Toronto International Film Festival, and holding past broadcasts from Marvel''s worldwide premiere of "The Avengers," the Cannes Film Festival 2012 in Cannes, France, and KISS FM''s Wango-Tango in Carson, California. Other broadcasts have featured Gene Simmons interviewing the legendary Stan Lee at the Sundance Film Festival, the Banff World Media Festival, a Steven Spielberg global event and Variety Magazine''s coverage of the 2012 BAFTA Awards red carpet, a conversation with the legendary Andretti IndyCar racing family and the Classic Rock Awards at London''s Roundhouse.
With over 212 million unique users in over 170 countries and territories, Ortsbo (www.ortsbo.com) enables real-time conversational translation in more than 65 languages. Ortsbo''s flagship product for social media supports global communications with instant translation capability and real-time, multi-lingual social media chat. Ortsbo''s technologies support major social platforms including MSN, Google, Facebook, Twitter and Yahoo!, as well as all major desktop and mobile operating systems, browsers and devices. Ortsbo, based in Toronto and with offices in Los Angeles and New York, is a subsidiary of Intertainment Media (www.intertainmentmedia.com).
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 Ad Taffy, itiBiti, Ortsbo, DealFrenzy, The Sweet Card and Magnum, with investments in leading edge technologies and social media platforms including theaudience.com. 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, 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".
About Stockhouse Publishing Ltd.
Stockhouse Publishing Ltd. (www.stockhouse.com) is a leading financial media company that serves financial institutions, media publishers, public companies and advertisers. Stockhouse helps individual investors create and manage their personal wealth by delivering an unparalleled breadth of aggregated news and information, portfolio management and analysis tools, and a forum for capturing user generated content. With over one million unique visitors and 1000+ original stories created per month, Stockhouse is Canada''s #1 financial portal, North America''s largest natural resource site, and one of North America''s largest small cap investor communities.
This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company''s disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
This release may contain forward looking statements within the meaning of the "safe harbor" provisions of US laws. These statements are based on management''s current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward looking statements. Intertainment Media Inc. does not assume any obligation to update any forward looking information contained in this news release.