INT - Intertainment Media (TSX-INT) - Page 2
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I love it when people say that....meanwhile they are banging their head against the wall.
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TRADING VOLUME FEB. 1 TO FEB. 8/2011
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INT.TV - INTERTAINMENT MEDI COM NPV - CA46111P1036
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Tuesday, February 1, 2011 to Monday, February 7, 2011
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Interesting stuff...this could become huge despite the short term run so far.
2011-02-08 08:15 ET - News Release
Mr. David Lucatch reports
INTERTAINMENT MEDIA RECEIVES OFFER FOR US PUBLIC LISTING OF REAL TIME SOCIAL MEDIA TRANSLATOR ORTSBO.COM
Intertainment Media Inc.'s social media real-time translation platform, Ortsbo, has received an offer from Lion Gate Capital Inc., a private investment group based in Beverly Hills, Calif., to facilitate the U.S. public listing of the Ortsbo website. Intertainment has also received interest from several leading Canadian and U.S. investment banking firms to provide assistance and support for the proposed transaction. Intertainment is currently reviewing the offer, which is subject to due diligence, definitive agreement and necessary approvals. The company will provide additional details as they become available.
Under the terms of the proposed agreement, Intertainment Media would list Ortsbo Inc. as a separate publicly traded firm on a U.S. exchange, with Intertainment retaining a significant portion of the equity. In the event that a deal is concluded, subject to board and regulatory approval, Intertainment may consider providing the public shareholders of its company with a portion of the proposed Ortsbo equity through a special dividend. Given the recent market activity for Intertainment, and the accelerated growth of Ortsbo, the parties have agreed that they will continue to work toward a fair and equitable valuation in the interest of all stakeholders.
The Corum Group has been retained to assist Intertainment with the review of this transaction as well as the continuation of discussions with other interested parties until a definitive agreement is reached.
With over four million active monthly users, Ortsbo's real-time multisession, multiplatform and multilingual application connects to PC and Mac computers, mobile devices 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.
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new web site looks great, and they have brought Gene Simmons on board as well. Can you say US exposure....NICE!
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- INT - Intertainment Media (TSX-INT)
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