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post #381 of 806

 

TORONTO, CANADA, Nov 25, 2011 (Marketwire via COMTEX) -- Intertainment Media Inc. ("Intertainment" or the "Company") CA:INT +3.13% (otcqx:ITMTF)(frankfurt:I4T) announces that the Company has engaged counsel to begin the process of identifying and taking legal action against individuals or groups who have posted defamatory remarks respecting the Company and its employees on internet bulletin board sites.

The Company routinely engages in communications that are forthright and open to discussion by all parties. It regularly provides market updates and non-confidential information to educate and inform the public at large about its activities and endeavors.

Intertainment has previously identified improper posts to the operators of the public bulletin boards on which these abusive posts were made. Removal of abusive posts and short term suspensions of as yet anonymous posters followed. The Company is now "stepping up" the process to identify the persons making improper postings and will consider legal options.

Intertainment has engaged its corporate litigation counsel in Toronto and Vancouver regarding this matter with an expectation of immediately commencing action.

About Intertainment Media Inc. www.intertainmentmedia.com

Connecting people with brands, Intertainment Media Inc. is a Rich Media Applications leader, focused on delivering leading edge technology and marketing solutions enabling clients to 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. Intertainment owns a number of key properties including Ortsbo, Ad Taffy, itiBiti and Magnum Fine Commercial Printing Limited.

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 Toronto Venture Exchange under the symbol "INT" CA:INT +3.13% and in the US on the OTCQX Exchange under the symbol "ITMTF". Intertainment is also traded in Europe, on the XETRA Exchange under the symbol "I4T

post #382 of 806

lets see some buying this week before the global AGM

post #383 of 806


will see what happens, i do find it "INTeresting" that they might release financials right b4 the meeting and that we are voting on increased compensation for a company that doesn't earn a profit yet...why i find that interesting is, would they seriously make this even live and global if they don't have some good info on why they deserve all this compensation and positive financials?? Also we heard about the offer for ortsbo IPO last meeting with a NR in the morning

 

Quote:
Originally Posted by Stocket View Post

lets see some buying this week before the global AGM



 

post #384 of 806

More big news, Ortsbo is well on its way to dominating the translation business by far...

 

Intertainment's Ortsbo to Acquire Interest in Israel Based, Voice Translation Technology Platform

Voice Based Translation Enhances Ortsbo's World Leading Technology for Telephony Services, Smartphones, Computers, Tablets, Healthcare, Emergency, Social Services & Commercial Applications

 

 

 

NEW YORK, NEW YORK AND LOS ANGELES, CALIFORNIA AND SAN MATEO, CALIFORNIA AND TORONTO, CANADA, Nov 28, 2011 (MARKETWIRE via COMTEX) -- Intertainment Media Inc. ("Intertainment" or the "Company") (tsx venture:INT)(otcqx:ITMTF)(frankfurt:I4T) announced today that Intertainment has agreed to acquire, and forthwith transfer to its subsidiary, Ortsbo Inc. ( www.ortsbo.com ), an initial interest in Haifa, Israel based Lexifone Communications Systems (2010) Ltd. ("Lexifone"), developers of proprietary voice translation technology platforms. The Company has also secured additional rights to purchase all outstanding shares of Lexifone at a future date. The closing of the transaction is subject to satisfaction of conditions precedent in favour of the Company and all necessary board and regulatory approvals.

Under the terms of the term sheet executed by the parties, the Company will have the right to purchase 25% of the Common Shares of Lexifone (the "Purchased Shares") for One Million Five Hundred Thousand Canadian Dollars ($1.5 MM CDN) and commons shares of Intertainment Media the value of which will equal Five Hundred Thousand Canadian Dollars ($500,000) based on the price per share of Intertainment at the end of trading on a day preceding the closing of the transaction on the Toronto Venture Exchange. The Company shall have the option to purchase the remaining shares over the next 2 years. Upon closing of the transaction with Intertainment, the Purchased Shares will be immediately transferred to its subsidiary, Ortsbo Inc.

Lexifone delivers simple and effective real time speech translation via its proprietary generic software platform. Lexifone's intellectual property around statistical optimization of voice data, in conjunction with its learning based linguistic and semantic translation, delivers best of breed domain specific translations. These live voice to voice translations are accomplished using a simplistic standard land line telephone, or by a mobile phone, or through VoIP on any Internet connected device. As a general example; a user of the Lexifone system, using a land line telephone, simply calls a geographically local Lexifone number, selects the language they will use and speaks into the phone in their native tongue, their speech is then repeated back over the phone in the chosen translation language. Lexifone will also offer direct connection applications to mobile, portable, VoIP and other Internet devices, making it easy and simple for users to engage in voice to voice translation.

Adding to its growing suite of services, Ortsbo users around the world, which totaled over 40 Million in October 2011, will be able to interact with friends, family and colleagues via both text and voice providing greater ease and flexibility to its platform.

Lexifone is run by Dr. Ike Sagie who brings with him a track record of over 30 years of successful software research, management and entrepreneurship. Dr. Sagie is a former scientist and senior manager at IBM research laboratories and later co-founder of Attunity and is an active director at LNTS speech technologies. In addition to managing the company, Dr. Sagie, an expert in computational linguistics, heads the research activities in Lexifone.

Lexifone CEO Dr. Sagie explains: "At Lexifone we put people in the center of the translation process. It's all about the experience of communication coupled with an easy, effective user experience. Working with our technology delivery partners, our expert linguists have created the foundation for the Lexifone service and with smart technology Lexifone is ever-evolving and improving. Highly sophisticated technology works behind the scenes but what the user experiences is the ultimate in simplicity - that is the beauty of Lexifone. People are at the center, not technology. Nothing could be more straightforward. All you have to do is speak."

The commercial applications for voice translations present significant opportunities for Ortsbo. In addition to its text platform, voice can break down the language barriers in healthcare, emergency, social services, travel, and other services where instant, vocal translation is preferable over text or chat.

"We're very excited to have the opportunity to invest and work with the exceptional team at Lexifone. Their expertise and experience provides Ortsbo the opportunity to move into the voice translation space quickly and effectively with a "learning" propriety speech translation platform," said David Lucatch, President of Ortsbo / CEO Intertainment Media. "Voice translation offers Ortsbo another pillar in which to launch commercial applications."

 

post #385 of 806

haaaaa yes i was right allll along, ortsbo to be spun out and we get a special dividend of ortsbo shares fukkkk yeahhhh 

 

 

Intertainment Media Provides Ortsbo Transaction Update

Company Intends Application for Listing on Senior Canadian and US Exchanges

 

 

 

TORONTO, CANADA, Nov 28, 2011 (MARKETWIRE via COMTEX) -- Intertainment Media Inc. ("Intertainment" or the "Company") (tsx venture:INT)(otcqx:ITMTF)(frankfurt:I4T) is pleased to provide a further update on the status of its subsidiary, Ortsbo Inc. ("Ortsbo"). Based on the continued growth of Ortsbo and the analysis with key strategic advisors to increase value to the Company and its shareholders, Intertainment intends to initiate the process to "spin out" Ortsbo and consider independent applications for listing on senior Exchanges in Canada and the United States. This transaction will be subject to all applicable board, shareholder and regulatory approvals.

As part of the process, the intention is for Intertainment to retain significant interest in the new enterprise, allowing it to gain from any increase in valuation of Ortsbo as an independent company and to use those gains to continue to develop and support exciting new technology and new media assets with the goal of creating additional independent enterprises. This strategy is consistent with Intertainment's mandate to create, nurture and invest in high growth enterprises.

To date, Ortsbo has garnered significant interest by US Banks, Venture and investment firms and has already received interest for a lead order of $20 Million from a US Institution at an anticipated pre-money valuation for Ortsbo Inc. of a minimum $210 Million USD, with further potential interest for additional financing. This provides Ortsbo, as an independent division of Intertainment with a significantly higher independent value than the total current enterprise of the Company as a whole.

With the guidance and foresight of Intertainment's strategic investment and incubation program, Ortsbo has quickly grown to over 40 Million Monthly Unique Users and has generated in excess of 1.3 Billion minutes of User Engagement, surpassing growth of Facebook, Gmail, Foursquare and other major social media platforms in its first year. To capitalize on the increasing enterprise valuations in the social media sector, Intertainment feels that the best methodology for continued increased value is to allow Ortsbo to grow as an independent firm.

Ortsbo is currently reviewing its strategic operations plan, together with its advisors, as it plans to establish a world-class executive team, senior social media, linguistic, marketing and technology staff to continue the accelerated growth and generate sustainable revenue programs. It is proposed that Ortsbo's head office will be located in Southern California to take advantage of the rich resources in the social media, venture, and entertainment industries in those regions, with significant development and operations residing in the Toronto and New York City regions.

Upon discussions with Intertainment's Board of Directors, advisors and counsel, an initial strategic plan has been established, which includes arms length 3rd party financing, and a separate Board of Directors allowing it to work towards the independent listing requirements.

Management has presented, as part of the initial strategic plan, a proposal to issue subject to tax and regulatory review, in conjunction with the completion of the proposed spin out, the Company would affect a dividend whereby shareholders of Intertainment, as of an effective record date, to be set in early January 2012, will, in total, receive up to 20% of the pre-money value of Ortsbo by way of common stock received by Intertainment in the new Ortsbo publicly listed entity. Under the terms of the proposal, the dividend will be distributed to record date shareholders as Ortsbo common stock.

"Management and the Board of Intertainment, along with our strategic advisors feel that the value and the Ortsbo brand, along with future opportunities would be accelerated as an independent company," said David Lucatch, President of Ortsbo / CEO of Intertainment Media Inc. "To unlock the value and potentially gain from the future of Ortsbo, we feel that potential senior Exchange listings are the ideal opportunity to foster this objective, giving our current and future shareholders a stake in the growth of Ortsbo while validating the Intertainment incubation model."

The Company will provide further details as they become available.

About Intertainment Media Inc. http://www.intertainmentmedia.com

Connecting people with brands, Intertainment Media Inc. is a Rich Media Applications leader, focused on delivering leading edge technology and marketing solutions enabling clients to 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. Intertainment owns a number of key properties including Ortsbo, Ad Taffy, itiBiti and Magnum Fine Commercial Printing Limited.

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 http://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 Toronto 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 XETRA Exchange under the symbol "I4T".

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction

 

 

post #386 of 806

Thanks Loopy!!

 

thats awesome news...now i dont feel so bad for not taking profits earlier lol

 

post #387 of 806


lol no prob bud, that is why i was telling u to keep holding bc their is bigger money to be made

Quote:
Originally Posted by davidstlukas View Post

Thanks Loopy!!

 

thats awesome news...now i dont feel so bad for not taking profits earlier lol

 



 

post #388 of 806

To date, Ortsbo has garnered significant interest by US Banks, Venture and investment firms and has already received interest for a lead order of $20 Million from a US Institution at an anticipated pre-money valuation for Ortsbo Inc. of a minimum $210 Million USD, with further potential interest for additional financing. This provides Ortsbo, as an independent division of Intertainment with a significantly higher independent value than the total current enterprise of the Company as a whole.

 

I will be buying in the morning!

INT is worth more than the value of Orstbo itself.

post #389 of 806


This says minimum..which I bet they know they can increase this...how u say well i will tell you!

 

1. O4O #'s will probably come out and if they great, the share price will sky rocket bc each download is 29.95$

2. Mobile user numbers are planned to come out next yr, with these numbers and the constant growth I see over 60 million users by January easily

3. The company has 3-4 patents alone for ortsbo, one being a patent for a translation button on internet explorer

4. Ortsbo 2.0 should be out by YEARS end...this will include over 80 languages and wiki translation

5. Paid apps for the smartphones, we have the lite ones out but the good ones will not be free

 

This is just 5 things are there are much much more, hold on tight..I have always believed in this company since day one and truly believe this will be the next "RIM" for us canadians in term of tech plays. 

Quote:
Originally Posted by Stocket View Post

To date, Ortsbo has garnered significant interest by US Banks, Venture and investment firms and has already received interest for a lead order of $20 Million from a US Institution at an anticipated pre-money valuation for Ortsbo Inc. of a minimum $210 Million USD, with further potential interest for additional financing. This provides Ortsbo, as an independent division of Intertainment with a significantly higher independent value than the total current enterprise of the Company as a whole.

 

I will be buying in the morning!

INT is worth more than the value of Orstbo itself.



 

post #390 of 806

Up nicely this AM - +.09 or 18%.   Keep truckin' north!

post #391 of 806


when this thing finally gets traction, 18% will be peanuts...but its nice to see this company finally get recognized 

Quote:
Originally Posted by madstal View Post

Up nicely this AM - +.09 or 18%.   Keep truckin' north!



 

post #392 of 806

amazing AGM meeting, crazy to see how many companies they now own and are working with...i was very impressed with all they stuff they are working on, congrats to david and the team! Basically said a TSX and Nasdaq exchange will happen in january and Ortsbo's head office will be moved to California bc of the huge demand in commercial uses of ortsbo in USA...

post #393 of 806

 

Just checked on SEDAR and and Q1 results still not released.Today I sent an e-mail to the company and they replied that they intend to release before the end of the calendar year, with no other explanation...
Wonder why the reason for the delay.I believe the deadline for filing was on Nov 29... I also sent an e-mail to the OSC to see if they are on their default list... No reply as yet...
 
post #394 of 806

Yeah years end, not too sure why but i wouldnt be too worried...Ortsbo's ipo is the real thing ppl are interested about and was valued at a MIN of 210 million...Whoever sells their shares now regardless of earnings IMO is nuts. David said it many times, he expects INT to be profitable sometime in 2012, so id guess Q2. Still tons of surprises in store for Ortsbo, specially with the Chinese channel deal, that is probably the biggest news release to date, other than the IPO. Go check out the projected revenue streams of that deal and the amount of eyes potentially that will see our product...its around 600 million and mostly college students

 

Quote:
Originally Posted by 762x54R View Post

 

Just checked on SEDAR and and Q1 results still not released.Today I sent an e-mail to the company and they replied that they intend to release before the end of the calendar year, with no other explanation...
Wonder why the reason for the delay.I believe the deadline for filing was on Nov 29... I also sent an e-mail to the OSC to see if they are on their default list... No reply as yet...
 


 

post #395 of 806

Financials were not great but we all knew they wouldnt be, this company is all about potential and 2012. Lots of cash in the bank

 

Now bids are building up nicely, yr end tax selling done, volume coming back to the stock and ortsbo IPO date will be known early January. I have no doubt this stock will rock and roll! Ive been so patient with this company and they have so much in the pipeline, cheers to all who have stuck through the hard times

post #396 of 806

anyone have any update on the Ortsbo IPO date I have have missed?

 

Haven't heard anything from this in some time

post #397 of 806

nothing yet...i believe were in a blackout period amigo. IMO we might have gotten the attention of more than one firm and our 210mil valuation of ortsbo will be much bigger. Would not be shocked if its doubled. Remember Ortsbo was valued at 210 when we had 40 mil users...I bet were at around 60-75 mil right now including mobile downloads. We have had no news since late november! hence why i think were in ablackout before ipo news.

post #398 of 806
post #399 of 806

what a news release wow!!!!! What i bet happened is simple...That 210 mil valuation was a joke and ppl are bidding much higher, which made INT increase div. from 20% to 30%...what an exciting stock we have here folksssssssssssssss

post #400 of 806

id lovee to know the record date...

 

i skimmed the article...does it specify as to when (relatively) it would be? I had a preconceived notion that it was in January? Maybe im thinking of something else.

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