I wonder what Holden Caulfield would have to say about the comparison between DIL and INT (which has been clipping away at a nice pace recently). The release below, if still valid tells of a letter of intent between the two companies to power the "next generation" of internet telephony. Yet DIL the dead carcus up to this point has yet to close a private placement. I think Holden would wonder as to why DIL has remained the sour lemon of the 2 companies. I must correct you Salinger DIL and shareholders have been taking kicks in the pants for quite a long time and might need a good strike of heavans magic electric currents to awaken. The pieces of the puzzle seem to be scattered around but will it ever be put together properly. UNTIL THEN ITS EVERY MAN FOR THEMSELVES!! INCOMING!!!
Intertainment and Digifonica to Power ext Generation of Internet Telephony
Intertainment Media Inc. (TSX VENTURE: INT) ("Intertainment") and Digifonica International Inc. (TSX VENTURE: DIL) ("Digifonica"), announced today that, subject to TSX Venture Exchange approval, they have entered into a non-binding letter of intent (LOI) to offer Intertainment's proprietary feature rich Softphone interface with Digifonica's proprietary managed service delivery architecture to provide a fully integrated Internet telephony, IMS, SMS, Managed Content Delivery, Multimedia and other next generation telecommunications white-label solution for subscriber based social networking and commercial and community based affinity partners worldwide.
Under the terms of the LOI, Intertainment will provide fully customized versions of their "Itibiti" Softphone client offering subscribers with a desktop interface that enables them with the ability to place and receive text messages, peer to peer and regular telephone calls on-net to other subscribers, and off-net to virtually any fixed, satellite or mobile communications customer world-wide. In addition, the Softphone interface provides access to common features of the affinity partners website and the ability to support ad-based revenue generation, offering Intertainment and Digifonica with greater revenue opportunities that can, in part, be returned to the affinity partners in the form of higher royalties, or directly to the subscribers in the form of subsidized national and international calling.
David Lucatch, President and CEO of Intertainment comments, "Intertainment has had a tremendous amount of initial response from the international business community for its Itibiti Softphone product, which allows companies to create a feature rich, interactive desktop environment to share with its customers. The addition of the Digifonica platform allows the program to expand globally, and provides an opportunity for Intertainment to showcase its programs around the world".
Colin Tucker, Chairman of Digifonica further comments, "Promoting Intertainment's Softphone solution further compliments the value proposition Digifonica offers to large-scale social networking and commercial and community based affinity partners and provides Digifonica with a client based technology solution that further emphasizes Digifonica's commitment to providing world-class end-to-end solutions".
ABOUT INTERTAINMENT
Intertainment Media Inc. is a conventional and new media company with an experienced and innovative team of professionals focused on delivering leading edge technology and marketing solutions.
Intertainment develops and invests in strategic programs that enable clients to increase their branding and loyalty relationships with their consumers while focusing on increased revenue generation.
Intertainment delivers high value content, traffic management and advertising solutions through its owned and investment properties, which include, Eye Rock Digital ( www.eyerockdigital.com ) No Good TV ( www.ngtv.com ), Trooker Inc. ( www.trooker.com ), and Itibiti Inc.
Intertainment Media Inc. is headquartered in Richmond Hill, Ontario, Canada. The company is listed on the Toronto Venture Exchange (symbol: INT).
ABOUT ITIBITI SOFTPHONE INTERFACE
Intertainment's Itibiti platform allows affinity partners to provide subscribers with a completely customized desktop experience including; IP Telephony, video/multimedia on demand, instant messaging, SMS, integrated in a feature rich interface that includes a mini web browser which can be utilized to create active links to the affinity partners web pages, providing information and outside services and a complete advertising and marketing platform for revenue generation.
ABOUT DIGIFONICA
Digifonica is a leading, global provider of advanced next generation Internet telephony, IMS, SMS, Managed Content Delivery and Multimedia services and solutions that enable partners to connect consumers with every major fixed, VoIP, Mobile and Wireless carrier in the world.
Digifonica's advanced white-label managed delivery framework supports a multi-currency, multi-tiered billing platform, enabling partners to deliver advanced next generation solutions in the currency and rates and packages of their choice, while Digifonica's patented-pending VoIP framework and technologies ensure the highest possible quality of service (QoS) low cost international calling rates and ability to support short code dialing such as 411, E911, 999 and 112 emergency services. Delivering solutions through value-added partnerships enables Digifonica to focus resources on designing and building more advanced consumer-driven technologies, while freeing our partners to focus on their expertise in marketing and selling solutions to consumers. The Company currently delivers scalable, resilient Internet telephony solutions to clients worldwide, through their network operations and data centres in Canada, US and Europe.
This news release contains forward-looking statements that involve risks and uncertainties. Such forward-looking statements or information are based on a number of assumptions that may prove to be incorrect. Although Digifonica and Intertainment believe that the expectations reflected in such forward-looking statements are reasonable, undue reliance should not be placed on such forward-looking statements because Digifonica and Intertainment cannot give assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated by Digifonica and / or Intertainment and described in the forward-looking statements or information. The forward-looking statements or information contained in this news release are made as of the date hereof and Digifonica and Intetainment do not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.
John J. Rambo