Toronto, Ontario and New York, New York--(Newsfile Corp. - August 15, 2016) - Intertainment Media Inc. (TSXV: INT)
(OTC Pink: ITMTF) (FSE: I4T) ("Intertainment" or the "Company") announces that it has received a Statement of
Claim filed by David Lucatch, former Chief Executive Officer and director of Intertainment, in the amount of approximately
$6,000,000 claimed in connection with his resignation as CEO pursuant to the terms of the negotiated Debt Settlement and
Forbearance Agreement entered into with certain debentureholders of the Company (see press release of the Company dated May 9, 2016
for additional information).
The allegations made in the Statement of Claim are entirely without merit and the action will be vigorously defended by the
Company.
Contact
For further information on the Company please contact:
info@intertainmentmedia.com
Forward Looking Information
This news release contains certain "forward-looking information" within the meaning of such statements under
applicable securities law.
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.
