Toronto, Ontario & New York, New York--(Newsfile Corp. - January 15, 2015) - Intertainment Media Inc. (TSXV: INT) (OTCPINK: ITMTF) (FRA: I4T) ("Intertainment Media" or "Company") is pleased to announce that the United States Patent and
Trademark Office has granted a patent for "System and Method for Sharing
Information Between Two or More Devices."
United States Patent No. US 8,917,631 B2 was granted on
December 23, 2014, and it is described as follows:
A system and method for sharing digital information between two
or more devices in close proximity using a sound signal. The sending device
obtains a globally unique share identifier from an information sharing system.
The sending device then uploads the digital information to be shared to the
information sharing system and transmits the sharing identifier to a receiving
device via sound signals. The receiving device communicates the sharing
identifier to the information sharing system and receives the digital
information from the information sharing system. The information transferred
from the sharing system can be password encrypted, the information transfer can
be limited to a specific time period or the information transfer can be limited
to receiving devices located within a specific geographic extent. In some
embodiments of the invention, the sending device broadcasts a sound signal with
a sharing identifier encoded in the sound stream and a plurality of receiving
devices access digital information at the information sharing system using the
sharing identifier as recovered from the sound stream.
The patent, which was applied for in August 2011, allows for
the protection of our technology where two or more devices in proximity to one
another, can communicate information, such as language services digital
information, or other digital information such as commercial services via sound
signals. The patent was granted to Ortsbo Inc., which is now branded under the
name TranzActive, a division of Intertainment Media Inc. Additionally, Yappn
Corp. (OTCQB: YPPN), a TranzActive partner, under its agreement will also have
access to the patent for its real-time language services offerings.
"We're extremely pleased to be able to announce the full grant
of one of our many patent-pending technologies within our divisional IP
portfolio," said Mr. Anthony R. Pearlman, President and COO Intertainment Media.
"The patent application process is long and arduous however the granting of our
patent in relation to the sharing of information between devices via sound
signal provides substantive validation and protection for our technology
intellectual property."
About TranzActive - www.tranzactive.com
Formerly branded as Ortsbo Inc., 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 start-ups, 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".
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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