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Intertainment's Ortsbo Real Time Translator Achievement of Key Milestones-First 120 Days(November 23, 2010)
NEW YORK, NEW YORK and SAN MATEO, CALIFORNIA and TORONTO, ONTARIO -- (Marketwire) -- 11/23/10 -- Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE: INT) announces that its social media, real time, translation platform, Ortsbo.com, has achieved a number of key milestone in its first 120 days of operation.
12+ Million Minutes of User Engagement
9+ Million Page Views
5+ Million Online Sessions
3.75+ Million Unique Visitors from over 170 countries / territories
"We are very pleased with the market reception for this innovative technology. The growth has outpaced our expectations and estimates which confirms the strong viral nature of the product especially as witnessed in the rapidly expanding Asian markets," said David Lucatch, President of Ortsbo Inc. / CEO Intertainment Media Inc. "We are continuing to develop new and exciting multi-language outreach programs to increase exposure for Ortsbo globally and are now looking at revenue programs that capitalize on this explosive growth."
Ortsbo allows people to chat from a single online app in real time, in over 50 languages instantly with their friends, colleagues and families. Ortsbo connects to PC and Mac computers, mobile devices as well as all major search engine instant messaging ("IM") platforms including Microsoft, Google and Yahoo! along with Facebook, iChat, AIM, ICQ, Gadu-Gadu, Ovi, Lotus Sametime, LiveJournal and Tencent QQ and QQ International, China's largest chat platforms and Twitter. Ortsbo now provides instant translation capabilities to well over 1 billion active chat accounts.
Ortsbo generates revenues by implementing multilingual contextual and display advertising as well as sponsorship. For the commercial market, Ortsbo can be licensed and customized for proprietary, secure applications allowing companies, educational institutions and government agencies to provide online translation services, chat and email with their constituents across a multitude of languages
Ortsbo announced the beta launch of it plug-in email module for Microsoft's Outlook platform. With Ortsbo for Outlook, the sender's and recipient's languages are easily selected and both languages are displayed in each email, allowing more in-depth language analysis for technical items. The email plug-in module will be retailed at $29.95 US, with a free, lite version, available for individuals who register with Ortsbo before November 30, 2010.
Intertainment has announced that it has received an offer to facilitate the purchase of 100% of Ortsbo Inc. for $30 Million USD by a US publicly listed company. The Company is also considering multiple strategic alternatives for Ortsbo with the assistance of the Corum Group (www.corumgroup.com) (Seattle and Zurich), a global leader in software mergers and acquisition. The Company will provide further updates as they become available.
To become a Facebook Fan of Ortsbo, sign up at www.facebook.com/ortsbo
To review Ortsbo's weekly performance review and the Company's corporate blog, please visit www.intertainmentmedia.com/blog
About Ortsbo: www.ortsbo.com
Ortsbo (www.ortsbo.com) enables real-time conversational translation in over 50 languages and seamlessly integrates with today's most popular social media platforms.
Ortsbo Inc. is a division of Intertainment Media Inc., 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 Media owns and operates a number of key properties including Ad Taffy, itiBiti, Ortsbo and Magnum.
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).
This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
This release may contain forward looking statements within the meaning of the "safe harbor" provisions of US laws. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward looking statements. Intertainment Media Inc. does not assume any obligation to update any forward looking information contained in this news release.
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.
For Ortsbo / Intertainment Media Inc.:
www.ortsbo.com / www.intertainmentmedia.com
World Market Media
+1 877 801 8408 Ext. 307
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