TORONTO, CANADA AND LOS ANGELES, CALIFORNIA AND NEW YORK, NEW YORK, Jun 11, 2012 (MARKETWIRE around COMTEX) –
Intertainment Media Inc. (otcqx:ITMTF)(frankfurt:I4T) (“Intertainment” or a “Company”) is pleased
to announce that it has developed, together with heading financial
services attention partners, a customized amicable media financial
services module for celebrities and socially active specialty
brands. Code named “sweet card”, a height is customized for
celebrities permitting them to rivet with fans by a unique
socially powered tellurian fan faithfulness and appreciation program. This
program will implement a singular mobile wallet remuneration focus and
customized withdraw VISA or MasterCard permitting users to acquire exclusive
rewards by practical payments, online purchases, income transfers
and required in-store transactions.
According to Aite Group and Mercator Advisory Group, there are over
5.1 Billion smartphones in a marketplace formulating unique
opportunities for consumers to implement mobile wallet record and
take advantage of rising nearby margin communication opportunities.
This form of preference will concede users to squeeze a accumulation of
goods and services directly by their smartphones with an
expected consumer spend by 2015 of $214 Billion in a U.S. and over
$1 Trillion globally. Additionally, a groups endorse that prepaid
debit label distribution programs have grown from $1.6 Billion in 2004 to
an estimated $120 Billion in 2012, with prepaid loads reaching $57
Billion in a US in 2011.
Managed by Intertainment and a subsidiary, Ortsbo Inc.’s Los
Angeles team, a module has been reviewed by a series of leading
talent agencies, artist government groups and sell partners.
The Company now has poignant seductiveness to start marketplace contrast with
key celebrities and specialty brands in North America with a view
towards fast tellurian enlargement opportunities. The module is expected
to beget ongoing faithfulness and transactional fees of which
Intertainment and a groups will be entitled to adult to 50% of net
generated revenues.
The module offers celebrities and specialty brands a singular approach to
engage with fans and emanate a smoothness formed business platform.
Through a customized mobile wallet focus and self-centredness withdraw VISA
or MasterCard, purchases will beget points towards redeemable
opportunities and special offers. Consumers that opt into a loyalty
program will have a ability to accept disdainful amicable media
access, live programing, sell and other singular program
features.
Ortsbo will capacitate tellurian rendezvous by a 53 languages real
time communications services platform, permitting fans to discuss and
engage with celebrities by disdainful Live Global events.
The module will be marketed by Intertainment regulating a amicable media
brands including Ortsbo and KNCTR along with a amicable media
investment partners and pivotal online sites together with celebrity
partner programs and live venues.
For some-more information, greatfully visit
www.thesweetcard.com for a short
presentation. Interested parties should hit Intertainment Media
for some-more information.
To turn a Facebook Fan of a Sweet Card, pointer adult at
www.facebook.com/TheSweetCard
Follow a Sweet Card on Twitter: @TheSweetCard
About Ortsbo Inc.
Now with over 162 million singular users in over 170 countries and
territories, Ortsbo (
www.ortsbo.com ) enables real-time conversational
translation for some-more than 50 languages. Ortsbo’s flagship product for
social media supports tellurian communications with present translation
capability and real-time, multi-lingual amicable media chat. Ortsbo’s
technologies support vital amicable platforms including MSN, Google,
Facebook, Twitter and Yahoo!, as good as all vital desktop and mobile
operating systems, browsers and devices. Ortsbo, formed in Toronto and
with offices in Los Angeles and New York, is a auxiliary of
Intertainment Media (
www.intertainmentmedia.com ).
On Feb 28, 2012, Intertainment announced that Intertainment and
its Board of Directors have reviewed several options for a spin out
of a auxiliary Ortsbo Inc., and have inaugurated to ensue with a
transaction structure that it believes will be a many auspicious to
the stream confidence holders of Intertainment. For further
information, greatfully impute to Intertainment Media’s proclamation filed
at
www.sedar.com .
About Intertainment Media Inc.
Intertainment is one of Canada’s heading record incubators and is
focused on developing, nurturing and investing in both North American
and tellurian technologies and companies that yield technology
solutions for brands and consumers alike. Intertainment also owns and
operates a series of pivotal properties including Ad Taffy, itiBiti,
Ortsbo, Deal Frenzy and Magnum, with investments in heading edge
technologies and amicable media platforms including theaudience.com.
For some-more information on Intertainment and a properties, please
visit
www.intertainmentmedia.com .
Intertainment is headquartered in a Toronto, Canada region, with
offices in New York, Los Angeles and San Mateo, CA and is listed on
the TSX Venture Exchange underneath a pitch “INT”
and in a US on a OTCQX Market underneath a pitch “ITMTF”.
Intertainment is also traded in Europe on a unaccepted marketplace of
the Frankfurt Exchange by a XETRA trade height underneath the
symbol “I4T”.
Reader Advisory
This news recover might enclose certain forward-looking information.
All statements enclosed herein, other than statements of historical
fact, is forward-looking information and such information involves
various risks and uncertainties. There can be no declaration that such
information will infer to be accurate, and tangible formula and future
events could differ materially from those expected in such
information. A outline of assumptions used to rise such
forward looking information and a outline of risk factors that
may means tangible formula to differ materially from forward-looking
information can be found in a company’s avowal papers on the
SEDAR website at
www.sedar.com . The association does not commence to
update any forward-looking information solely in suitability with
applicable bonds laws.
This recover might enclose brazen looking statements within the
meaning of a “safe harbor” supplies of US laws. These statements
are formed on management’s stream expectations and beliefs and are
subject to a series of risks and uncertainties that could cause
actual formula to differ materially from those described in the
forward looking statements. Intertainment Media Inc. does not assume
any requirement to refurbish any brazen looking information contained in
this news release.
Neither a TSX Venture Exchange nor a Regulation Services Provider
(as that tenure is tangible in a policies of a TSX Venture Exchange)
accepts shortcoming for a endowment or correctness of this release.
Contacts:
Ortsbo/Intertainment Media Inc.
David Lucatch
CEO
800-395-9943 / 905-763-3510
info@intertainmentmedia.com
SOURCE: Intertainment Media Inc.
mailto:info@intertainmentmedia.com
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