Toronto, Ontario & New York, New York--(Newsfile Corp. - December 1, 2014) -
Intertainment Media Inc. ("Intertainment Media" or "Company") (TSXV: INT) (OTCPINK: ITMTF) (FRA: I4T) is pleased to announce that TranzActive
(www.tranzactive.com), has partnered with Yappn Corp.
(www.yappn.com) (OTCQB: YPPN) to license its proprietary language services
technologies to Digital Widget Factory ("DWF"), a private global consortium that
manages online user engagement for client programs in Asia, Europe, Central and
South America, to be used in the creation of multilingual Ecommerce and other
revenue-based web sites, each optimized for mobile, portable and web consumers.
Under the terms of the agreement, TranzActive (formerly Ortsbo)
will license its technologies to aid in the building of a minimum of 200 sites
in the first year of the agreement to be followed by an additional 400 sites in
2016 and up to 525 additional sites in 2017. TranzActive will receive 20% of the
net profits of the enterprise which will be recorded as license fee revenue on a
quarterly basis as earned, along with rights to an additional 20% equity bonus
in the event of a DWF liquidity event within the next three years.
TranzActive offers its technology to clients and partners via
an equity and / or fee for license model to create the opportunity for long-term
value. The equity position model allows those organizations to build their
global presence without the burden of adding significant resources like staffing
and location services, and it gives Intertainment Media the opportunity to
acquire long-term returns on its investments.
"We're extremely excited to be working with Yappn & Digital
Widget Factory on such a large scale launch of client programs," said Mr.
Anthony R. Pearlman, President and COO Intertainment Media. "TranzActive's
partnership with Yappn Corp. is seeing early dividends through this client
program."
About TranzActive - www.tranzactive.com
TranzActive is the Language Service Technology arm of
Intertainment Media Inc. TranzActive provides its global licensed language
services technology to facilitate the expansion into new markets for startups,
high growth and emerging corporate online enterprises. TranzActive's business
model is partner based, allowing organizations to grow their global presence
without the burden of a significant addition of resources.
TranzActive is actively partnering with developers, agencies
and companies to create global engagement. Based on a review of opportunity,
TranzActive offers its technologies on an equity and fee for license basis to
create value for the Intertainment Media organization.
TranzActive also partners with Yappn Corp. to offer
professional services, product development, online marketing initiatives and
other services on a best practices basis.
About Intertainment - www.intertainmentmedia.com
Intertainment is one of Canada's leading technology incubators and is focused on developing, nurturing and investing in both North American and global technologies and companies that provide technology solutions for brands and consumers alike.
Intertainment also owns and operates a number of key properties and has investments in leading edge technologies and social media platforms, including TranzActive, CapThat, theAudience, Lexifone, Shiny Ads and Yappn Corp (www.yappn.com)
(OTCQB:YPPN). For more information on Intertainment and its properties, please visit www.intertainmentmedia.com
Intertainment is headquartered in the Toronto, Canada region, with offices in New York and Los Angeles, CA and is listed on the TSX Venture Exchange under the symbol “INT” (TSXV:INT) and in the US under the symbol “ITMTF”.
Intertainment is also traded in Europe on the Open Market (Regulate Unofficial Market) of the Frankfurt Exchange under the symbol “I4T”.
About Yappn
Yappn is a real-time multilingual company that amplifies brand messaging, helps conduct commerce and provides customer support by globalizing these experiences with its proprietary approach to language. Through its real-time multilingual
amplification platform, Yappn eliminates the language barrier, allowing the free flow of communications in 67 languages. Yappn has developed cost effective, unique and proprietary technology tools and services that create dynamic solutions that
enhance a brands messaging, media, e-commerce and support platforms.
In addition to Yappn, FotoYapp (www.fotoyapp.com) provides consumers, brands and Influencers with the ability to share media content (images, video, audio, etc.) instantly across the global social sphere with all major social posts in a
single environment in almost any language allowing global participants to interact with each other, regardless of their native tongue.
Yappn Corp. is publicly in the U.S. on the OTCQB – symbol “YPPN” and leading technology incubator; Intertainment Media Inc. (TSXV: INT / US: ITMTF / FRA: I4T) has a controlling interest in Yappn Corp.
For more information, please visit http://www.yappn.com
Visit our blog at www.whylanguagematters.com
Contact
Mr. Anthony R. Pearlman, COO
info@intertainmentmedia.com
Forward Looking Information
This news release contains certain “forward-looking information” within the meaning of such statements under applicable securities law, including statements relating to the expected use of proceeds of the
Offering.
Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”,
“may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ
materially from those projected in the forward-looking statements. Actual timelines associated may vary from those anticipated in this news release and such variations may be material. 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 regulators. The Company undertakes
no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on this forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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