TORONTO, CANADA--(Marketwire - March 13, 2012) -Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) announces that the Company has filed a claim in the Supreme Court of British Columbia, Canada against John Doe No. 1, aka MaydayMalone, John Doe No. 2, aka f3drivr, and John Doe No. 3, aka CESpumper ("Defendants") who have posted false, malicious and defamatory comments ("Posts") on the Stockhouse website.
Intertainment is claiming general and punitive damages and seeking an injunction consequent to the following matters:
Each of the Posts was known by the responsible Defendant to be false, or was made recklessly, without regard to whether it was true or false;
Each of the Posts was made by the responsible Defendant with malice, spite and ill will and was calculated to disparage Intertainment and Intertainment's chosen business, to damage Intertainment's reputation in the community, and to lower Intertainment in the minds of right thinking members of society, and did have these intended effects; and
Each of the Posts was published in the form known by the responsible Defendant to be visited by persons with a financial interest in Intertainment.
"The Company is adamant that it will defend itself and the rights of its stakeholders and will not let the defamatory actions of those that hide behind anonymity to undermine the value being built by the Company and its businesses," said David Lucatch, CEO of Intertainment Media Inc.
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.
The Company will continue the process to identify the persons and organizations making and supporting improper postings and will pursue further legal options.
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" (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 news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The offered securities mentioned in this press release will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.
This new release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not undertake any duty to update any forward-looking statements.