Intertainment Media Announces Receipt of Demand Letter
Ontario and New York, New York--(Newsfile Corp. - December 6, 2016) - Intertainment Media Inc. (TSXV: INT) (OTC Pink: ITMTF) (FSE: I4T) ("Intertainment" or the "Company") today announces that it has received a Demand Letter and a Notice of Intention to Enforce Security (the "Notice") under Section 244(1) of the Bankruptcy and Insolvency Act (Canada) from Cancor Debt Agency Inc. (the "Collateral Agent"), on behalf of certain secured creditors of the Company (the "Secured Creditors"), pursuant...
2016-12-06 10:41 AM EST
Intertainment Media Management Change
Ontario and New York, New York--(Newsfile Corp. - November 21, 2016) - Intertainment Media Inc. (TSXV: INT) (OTC Pink: ITMTF) (FSE: I4T) ("Intertainment" or the "Company") announces that Craig McCannell has resigned as Chief Financial Officer of the Company allowing more of his time to focus on other existing business opportunities. The Company will be conducting a search for a new CFO, however, in the interim Mr. McCannell will remain as a consultant to the Company to provide assistance and...
2016-11-21 5:30 PM EST
IIROC Trade Halt - Intertainment Media Inc.
Vancouver, British Columbia--(Newsfile Corp. - November 4, 2016) - The following issues have been halted by IIROC: Company:
2016-11-04 8:09 AM EDT
Intertainment Media Unable to File 2016 Financial Statements
Ontario and New York, New York--(Newsfile Corp. - October 27, 2016) - Intertainment Media Inc. (TSXV: INT) (OTC Pink: ITMTF) (FSE: I4T) ("Intertainment" or the "Company") announces that it will be unable to file its audited annual financial statements for the financial year ending June 30, 2016, related management's discussions and analysis and CEO and CFO certificates (collectively the "Financial Statements") by the deadline of October 28, 2016, as prescribed by National Instrument 51-202 -...
2016-10-27 4:55 PM EDT
Intertainment Media Inc. Announces Bridge Loan
Ontario and New York, New York--(Newsfile Corp. - September 19, 2016) - Intertainment Media Inc. (TSXV: INT) (OTC Pink: ITMTF) (FSE: I4T) ("Intertainment" or the "Company") is pleased to announce that it has secured a bridge loan in the aggregate principal amount of $107,000 from certain arm's length parties to the Company (the "Lenders") bearing interest at a rate of 1.0%, accruing monthly and payable upon the earlier of September 19, 2017 or upon demand by the Lenders. The Corporation is in...
2016-09-19 4:05 PM EDT
Intertainment Announces Receipt of Statement of Claim
Ontario and New York, New York--(Newsfile Corp. - August 26, 2016) - Intertainment Media Inc. (TSXV: INT) (OTC Pink: ITMTF) (FSE: I4T) ("Intertainment" or the "Company") announces that it has received a Statement of Claim filed by Mr. Anthony Pearlman, former President and Chief Operating Officer of Intertainment, in the amount of approximately $650,000 claimed in unpaid wages and other damages in connection with his employment with Intertainment. Mr. Wayne Parsons, Chief Executive Officer,...
2016-08-26 5:30 PM EDT
Intertainment Announces Receipt of Statement of Claim and Intention to Defend
Ontario and New York, New York--(Newsfile Corp. - August 15, 2016) - Intertainment Media Inc. (TSXV: INT) (OTC Pink: ITMTF) (FSE: I4T) ("Intertainment" or the "Company") announces that it has received a Statement of Claim filed by David Lucatch, former Chief Executive Officer and director of Intertainment, in the amount of approximately $6,000,000 claimed in connection with his resignation as CEO pursuant to the terms of the negotiated Debt Settlement and Forbearance Agreement entered into...
2016-08-15 4:39 PM EDT
Intertainment Media Inc. Announces Proposed Share Consolidation
Ontario and New York, New York--(Newsfile Corp. - August 4, 2016) - Intertainment Media Inc. (TSXV: INT) (OTC Pink: ITMTF) (FSE: I4T) ("Intertainment" or the "Company") announces that it plans to consolidate the Company's common shares ("Common Shares") on the basis of one (1) new Common Share for up to every ten (10) Common Shares issued and outstanding immediately prior to the consolidation (the "Proposed Consolidation"). The Proposed Consolidation is subject to TSX Venture Exchange Inc....
2016-08-04 5:10 PM EDT
Intertainment Media Announces Debt Settlement and Forbearance Agreement with Debentureholders
Ontario and New York, New York--(Newsfile Corp. - May 9, 2016) - Intertainment Media Inc. (TSXV: INT) (OTC Pink: ITMTF) (FSE: I4T) ("Intertainment" or the "Company") announces today that it has entered into a debt settlement and forbearance agreement (the "Agreement") with the holders of outstanding secured debentures ("Debentures") of the Company ("Debentureholders") representing an aggregate principal and interest amount of approximately $3,628,396.81 (the "Outstanding Indebtedness")....
2016-05-09 8:09 PM EDT
Intertainment Media Announces that Active ImageNation Inc. Updates its Go-Forward Strategies After Successful Holiday Season Sales
New York, New York--(Newsfile Corp. - January 21, 2016) - Intertainment Media Inc. (TSXV: INT) (OTC Pink: ITMTF) (FSE: I4T) ("Intertainment" or the "Company") is pleased to announce that Active ImageNation Inc. (DBA Cap That) ("Cap That"), a company in which Intertainment has a minority equity investment in, has experienced dramatic success through November and December with holiday promotions in conjunction with 2 Chainz and other artists. Cap That has mutually agreed with Cluny Capital...
2016-01-21 8:30 AM EST
Intertainment Media Announces the Disposition of Ortsbo Assets is Now Completed
New York, New York--(Newsfile Corp. - September 16, 2015) - Intertainment Media Inc. (TSXV: INT) (OTC Pink: ITMTF) (FSE: I4T) ("Intertainment" or the "Company") is pleased to announce that the disposition of the intellectual property assets of its subsidiary, Ortsbo Inc. ("Ortsbo"), to Yappn Corp. (OTCQB: YPPN), as previously announced on May 26, 2015 (the "Transaction") for a total purchase price of approximately US $17 Million was completed on September 14, 2015. The Ortsbo Asset Sales...
2015-09-16 8:06 AM EDT
Intertainment Media Announces that Active ImageNation Inc. Signed a Proposed Business Combination with Cluny Capital
New York, New York--(Newsfile Corp. - September 16, 2015) - Intertainment Media Inc. (TSXV: INT) (OTC PINK: ITMTF) (FSE: I4T) ("Intertainment" or the "Company") is pleased to announce that Active ImageNation Inc. (DBA Cap That) ("Cap That"), a company in which Intertainment has a minority equity investment in, has signed a Letter of Intent ("LOI") with Cluny Capital Inc. ("Cluny") (TSXV: CLN.P) for a proposed reverse take-over transaction. Cluny and Cap That intend to complete a business...
2015-09-16 7:06 AM EDT
Intertainment Media Shareholders Voted in Favour of Acquisition by Yappn Corp.
New York, New York--(Newsfile Corp. - August 31, 2015) - Intertainment Media Inc. ("Intertainment" or the "Company") (TSXV: INT) (OTC PINK: ITMTF) (FSE: I4T) is pleased to announce that its shareholders voted in favour of the disposition of the intellectual property assets of Ortsbo Inc. ("Ortsbo"), a subsidiary of Intertainment to Yappn Corp. (OTCQB: YPPN), as previously announced on May 26, 2015 (the "Transaction") for a total purchase price of US $17 Million. The terms of the agreement...
2015-08-31 5:09 PM EDT
Intertainment Media Approves Resolution for Secured Debentures
New York, New York--(Newsfile Corp. - August 17, 2015) - Intertainment Media Inc. (TSXV: INT) (OTC Pink: ITMTF) (FSE: I4T) ("Intertainment" or the "Company") is pleased to announce that it has approved a resolution that upon the closing of the previously announced sale of Ortsbo assets to Yappn Corp. ("Yappn") as announced on July 16, 2015 and May 26, 2015 for two hundred and sixty million (260,000,000) Yappn common shares, Intertainment will escrow fifty million (50,000,000) common shares of...
2015-08-17 4:45 PM EDT
Intertainment Media Sells Ortsbo Assets to Yappn Corp.
New York, New York--(Newsfile Corp. - July 16, 2015) - Intertainment Media Inc. (TSXV: INT) (OTCPINK: ITMTF) (FSE: I4T) ("Intertainment Media" or "Company") is pleased to announce that it has entered into a definitive agreement to sell all of the intellectual property assets of Ortsbo Inc. ("Ortsbo"), a subsidiary of the Company to Yappn Corp. (OTCQB:YPPN) ("Yappn") as previously announced on May 26, 2015 (the "Ortsbo Asset Sale"). The Ortsbo Asset Sales includes US Patent No. 8,983,850 B2,...
2015-07-16 7:07 AM EDT
Intertainment Media Subsidiary Granted Its Third US Patent for Translation System
Toronto, Ontario--(Newsfile Corp. - July 8, 2015) - Intertainment Media Inc. (TSXV: INT) (OTCPINK: ITMTF) (FSE: I4T) ("Intertainment Media" or "Company") is pleased to announce that its language technology and services division, Ortsbo Inc., has been granted a new patent for "Cross-Language Communication Between Proximate Mobile Devices" from the United States Patent and Trademark Office. United States Patent No. US 9,053,097 B2 was granted on June 9th, 2015 and received by Ortsbo on June 23,...
2015-07-08 10:28 AM EDT
Intertainment Announces Amendments to Outstanding Convertible Debentures and Warrants
Toronto, Ontario--(Newsfile Corp. - June 2, 2015) - Intertainment Media Inc. (TSXV: INT) (OTCPINK: ITMTF) (FSE: I4T) ("Intertainment" or the "Company") is pleased to announce that, further to a press release of the Corporation dated April 8, 2015, it has amended the terms of additional outstanding secured convertible debentures of the Company (the "Debentures") in the aggregate principle amount of $256,000, such that the conversion price of the Debentures has been reduced from $0.12 to $0.05...
2015-06-02 5:00 PM EDT
Intertainment Media's TranzActive Scores Knockout with Wearables Computer Start-Up Precision Fight Gear
New York, New York--(Newsfile Corp. - May 27, 2015) - Intertainment Media Inc. (OTCPINK: ITMTF) (TSXV: INT) (FRA: I4T) ("Intertainment" or "Company") is pleased to announce that TranzActive (www.tranzactive.com) the new marketing brand for Intertainment's Ortsbo division, specializing in the management & development and technology assets as well as assisting start-ups and emerging growth companies, has signed an initial agreement with 2306619 Ontario Inc. operating as Precision Fight Gear...
2015-05-27 9:47 AM EDT
Intertainment Media Receives Offer to Sell Patent and Key Language Services of Ortsbo to Yappn Corp.
New York, New York--(Newsfile Corp. - May 26, 2015) - Intertainment Media Inc. (TSXV: INT) (OTCPINK: ITMTF) (FRA: I4T) ("Intertainment" or "Company") is pleased to announce that it has signed a non-binding letter of intent with its language technology and services partner Yappn Corp. (OTCQB:YPPN) ("Yappn") pursuant to which Yappn has offered to purchase key assets of Ortsbo Inc. including US Patent No. 8,983,850 B2, proprietary language services technology assets, know how related to...
2015-05-26 1:15 PM EDT
Intertainment Announces Amendments to Outstanding Convertible Debentures and Warrants
Toronto, Ontario--(Newsfile Corp. - April 8, 2015) - Intertainment Media Inc. (TSXV: INT) (OTCPINK: ITMTF) (FRA: I4T) ("Intertainment" or the "Company") is pleased to announce that it has amended the terms of outstanding secured convertible debentures of the Company (the "Debentures") in the aggregate principle amount of $2,568,000, such that the conversion price of the Debentures has been reduced from $0.12 to $0.05 per share and the maturity date has been extended for a period of 12 months,...
2015-04-08 5:33 PM EDT