Click here to close now.


Mobile IoT Authors: Pat Romanski, Steve Watts, Anders Wallgren, Liz McMillan, Kevin Benedict

News Feed Item

Intertainment Media Corporate Update

TORONTO, CANADA and NEW YORK, NEW YORK -- (Marketwired) -- 01/20/14 -- Intertainment Media Inc. ("Intertainment Media" or "Company") (TSX VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) is pleased to provide a corporate update to its shareholders. The key components of the update cover internal programs, new business initiatives, portfolio investment companies, capital, Annual General and Special Meeting and investment / divestiture programs.

Over the past 14 months, management with guidance from its Board of Directors has spent a considerable amount of its time and energies devoted to reducing expenditures, moving from investment to execution, building key programs, like Yappn and Ortsbo's Customer Care initiatives and divesting of assets, including itiBiti, and Ad Taffy, Poynt and Tunezy and most recently announcing the proposed sale of Magnum Fine Commercial Printing Limited for an aggregate CDN $1.5 Million. The sales of itiBiti, Ad Taffy, Poynt and Magnum will continue to provide Intertainment with cash flow from payments of sale notes. With the divestitures completed and in the case of Magnum, underway and continuous expense review, the focus is concentrated on developing business programs for the Company's assets and investing in the creation and support of new initiatives.

Internal Programs and New Business Initiatives

The board and management have had ongoing discussions on how to best provide continued support and develop resources for Ortsbo as there is a considerable amount of opportunities within its business sector. The Company continues to evaluate internal and external opportunities for Ortsbo Inc. ( and Mr. Anthony R. Pearlman, President and COO of Intertainment Media, upon his return from managing the sale of the Poynt technology and integration to the purchaser, is now focusing his primary energies on growing Ortsbo's Canadian and US operations and revenue generation. Mr. Pearlman has extensive experience in the Telecom and Business Processing Outsourcer (BPO) space, having previously held the position of President at Enghouse Systems in Toronto. Mr. Pearlman's mandate is to expand the key offerings of Ortsbo within the global Customer Care arena and build the core revenue and to continue to pursue stand alone strategies for the business unit. Mr. Pearlman will also continue to hold his positions at Intertainment Media Inc.

Intertainment is expected to continue to expand its current incubation activities throughout fiscal and calendar 2014 and has been reviewing a number of new activities in the US, Canada and overseas. Given the divestiture of certain assets and the continued reduction in ongoing expenses, the Company has been evaluating a number of new technologies and social engagement programs. These include opportunities in the areas of eCommerce, Social Media, 3D Technologies, Online Entertainment, Data Analytics, Advertising and Branding and Language Services. The focus for the Company is to find, support through investment, internal development and acquisition and ultimately create ongoing revenue and / or exit value for these enterprises, which are next generation programs showcasing leading edge technology and social solutions that have significant opportunities to scale revenue and value. As an established leader in this area, having sold 4 properties at a profitable level in 2013 and in the process of a further portfolio exit and valuation exercise on others, the Company has proven experience in this sector.

Portfolio Investment Companies

Intertainment Media has a number of key Portfolio investments in technology, social media, online advertising and graphic services.

Yappn Corp. (OTCQB:YPPN) ( is a US public company and a major asset opportunity for Intertainment Media focused through its technology programs and language services platform to enable people and brands the ability, through social, eCommerce and communications programs to communicate without a language barrier. Mr. David Lucatch, CEO of Intertainment created the premise for Yappn in late 2012 and has spearheaded the development and its management as CEO. Yappn's business and technology programs are developing at a rapid pace with recent partnerships and Mr. Lucatch has spent a considerable amount of his time and energy engaging in Yappn business advancement. The Board of Directors of both Intertainment Media and Yappn Corp. believe that this process is paramount to the success of the program and to the value of the asset. Mr. Lucatch currently remains CEO of Intertainment Media and is working with the Board and management to evaluate all activities at Intertainment Media as Yappn's business continues to develop. Intertainment currently controls 70 Million shares in Yappn, with direct ownership of 42 million shares. These shares become free trading, and a potential long term source of income, after March 28, 2014.

Cap That(TM) (, an Intertainment Media non-controlling minority interest portfolio investment which has patent pending photo and video capture technology, continues to create a buzz in the marketplace by introducing its technology into the entertainment, music, sports, gaming and user generated sectors. Recently, Cap That(TM) entered into a master licensing agreement with Disney Music Group which has paved the way for recent launches of Cap That(TM) powered sites for notable artists such as Demi Lovato (, and Lucy Hale ( who currently has the #1 country song on iTunes. In the upcoming weeks, Cap That(TM) will also be launching a Cap That(TM) powered site for Ubisoft's Assassin Creed video gaming property. Cap That(TM) will continue to introduce artist websites featuring its technology and expects to be announcing more strategic and content related partnerships in the near future.

Lexifone (, which Intertainment Media owns a non-controlling minority interest, recently launched Lexifone 2 which offers natural and real-time translation for several major languages and dialects, including 3 versions of English (Australian, U.K. and U.S.) French (Canadian and European), German, Hebrew, Italian, Mandarin (Chinese and Taiwanese), Portuguese (Brazilian and European), Russian and Spanish (European and Mexican). The new version of Lexifone processes voice as it hits the airwaves and doesn't require speakers to change their voice patterns or to stop to press buttons along the way and is based on patented technology that leverages computation linguistics / linguistic optimization. Lexifone is working with government agencies, hospitality organizations and communications companies increasing its sales channels. Intertainment Media is working with Lexifone to explore commercial services that enable voice recognition and translation for entertainment and social communications through Yappn and customer care programs through Ortsbo.

Itibiti Ventures (, to which Intertainment sold its full ownership stake in 2013, retaining up to 40% for $3 Million plus a liquidity event feature, manages and operates core telephony technology that brings brands and consumers together. Itibiti continues to accelerate its business, growing revenues significantly this past year. Itibiti is now creating new channels of content and brand opportunities and is expected to continue to grow its business in 2014, creating potential ongoing cash flow and note repayment opportunities for Intertainment.

theAudience, ( to which Intertainment Media owns a non-controlling minority interest portfolio investment, continues to grow significantly as it manages the social presence of hundreds of celebrities reaching about a billion people each month. Intertainment has agreements to develop managed language services initiatives with its portfolio companies such as Yappn and theAudience for their clients. Program initiatives are currently underway.

Intertainment will provide additional updates to its continued investments as information becomes available.

Capital Investment and Annual General Meeting

Intertainment Media has developed a number of channels for ongoing capitalization for its business and continues to engage discussion in the development of a long term, minimally dilutive investment program both with Investment banks and asset managers and debt holders. The Company believes that this program, coupled with its ongoing activities and potential divisional success will provide the Company with strong long term capital opportunities which will foster and help to increase its incubation activities. The Company remains confident in its long term capital strategy and investment program and its ability to continue to execute its business operations.

The Company announced that its Annual General and Special Meeting of Shareholders will be held on February 28, 2014 at 9:30 am Eastern at the Sheraton Parkway Hotel and Conference Centre in Richmond Hill, ON.

Learn more at

About Intertainment -

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 Magnum, Ortsbo, CapThat, theAudience, Lexifone, Shiny Ads and Yappn Corp ( For more information on Intertainment and its properties, please visit

Intertainment is headquartered in the Toronto, Canada region, with offices in New York, Los Angeles and San Mateo, CA and is listed on the TSX Venture Exchange under the symbol "INT" (TSX VENTURE:INT) and in the US on the OTCQX Market under the symbol "ITMTF". Intertainment is also traded in Europe on the Open Market (Regulated Unofficial Market) Frankfurt Exchange under the symbol "I4T".

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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, wil...
PubNub has announced the release of BLOCKS, a set of customizable microservices that give developers a simple way to add code and deploy features for realtime apps.PubNub BLOCKS executes business logic directly on the data streaming through PubNub’s network without splitting it off to an intermediary server controlled by the customer. This revolutionary approach streamlines app development, reduces endpoint-to-endpoint latency, and allows apps to better leverage the enormous scalability of PubNub’s Data Stream Network.
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Ben Perlmutter, a Sales Engineer with IBM Cloudant, demonstrated techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user experience, both offline and online. The focus of this talk was on IBM Cloudant, Apache CouchDB, and ...
I recently attended and was a speaker at the 4th International Internet of @ThingsExpo at the Santa Clara Convention Center. I also had the opportunity to attend this event last year and I wrote a blog from that show talking about how the “Enterprise Impact of IoT” was a key theme of last year’s show. I was curious to see if the same theme would still resonate 365 days later and what, if any, changes I would see in the content presented.
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, explored the IoT cloud-based platform technologies driving this change including privacy controls, data transparency and integration of real time context with p...
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical to maintaining positive ROI. Raxak Protect is an automated security compliance SaaS platform and ma...
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data shows "less than 10 percent of IoT developers are making enough to support a reasonably sized team....
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Summit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, demonstrated examples of com...
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningful and actionable insights. In his session at @ThingsExpo, Paul Turner, Chief Marketing Officer at...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
The Internet of Everything is re-shaping technology trends–moving away from “request/response” architecture to an “always-on” Streaming Web where data is in constant motion and secure, reliable communication is an absolute necessity. As more and more THINGS go online, the challenges that developers will need to address will only increase exponentially. In his session at @ThingsExpo, Todd Greene, Founder & CEO of PubNub, exploreed the current state of IoT connectivity and review key trends and technology requirements that will drive the Internet of Things from hype to reality.
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessions, I wanted to share some of my observations on emerging trends. As cyber security serves as a fou...
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now all corporate assets – people, objects, and spaces – can share information about themselves and thei...
The cloud. Like a comic book superhero, there seems to be no problem it can’t fix or cost it can’t slash. Yet making the transition is not always easy and production environments are still largely on premise. Taking some practical and sensible steps to reduce risk can also help provide a basis for a successful cloud transition. A plethora of surveys from the likes of IDG and Gartner show that more than 70 percent of enterprises have deployed at least one or more cloud application or workload. Yet a closer inspection at the data reveals less than half of these cloud projects involve production...
Continuous processes around the development and deployment of applications are both impacted by -- and a benefit to -- the Internet of Things trend. To help better understand the relationship between DevOps and a plethora of new end-devices and data please welcome Gary Gruver, consultant, author and a former IT executive who has led many large-scale IT transformation projects, and John Jeremiah, Technology Evangelist at Hewlett Packard Enterprise (HPE), on Twitter at @j_jeremiah. The discussion is moderated by me, Dana Gardner, Principal Analyst at Interarbor Solutions.
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true change and transformation possible.
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.