TORONTO, ONTARIO and BURNABY, BRITISH COLUMBIA--(Marketwire - Feb. 7, 2008) - 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".
SB