Intertainment Media Inc. ("Intertainment" or the "Company") (TSX
VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) announces that its real
time, experiential communications platform, Ortsbo.com
(www.ortsbo.com) together with Variety Magazine has unofficially
smashed Ortsbo's Guinness World Record established in May 2011
together with its live coverage of the 2012 Orange British Academy
Film Awards (BAFTA) with 161 countries viewing the event in 53
instantly translated languages. The broadcast featured live
interviews with some of today's biggest stars including George
Clooney, Viola Davis, Kenneth Branagh, Berenice Bejo, Octavia
Spencer, Tom Hiddleston, Chris Hemsworth, Jim Broadbent, Neil
Stiles and Daniel Radcliffe live from the Red Carpet instantly
translated with Ortsbo's Real Time Closed Captioning Language
Translation System. Ortsbo also provided coverage and commentary of
the Winner's press area with award winners including Meryl Streep
and Martin Scorcese answering Ortsbo questions from fans around the
world.
Ortsbo's Real Time Closed Captioning Language Translation system
allows viewers to watch video broadcasts and view an accompanying
language real time text stream, like closed captioning found on
television broadcasts, but in their personally selected choice of
over 50 languages. The system, when combined with other Ortsbo
technologies allows viewers to interact with the broadcast, asking
questions, providing comments and chatting with other participants
in almost any language, in real time.
Since launching its Real Time Closed Captioning Language
Translation system at the Variety Entertainment Summit at the 2012
Consumer Electronics Show in Las Vegas, NV, and follow up coverage
of the Sundance Film Festival featuring a Live & Global event
with Gene Simmons and Stan Lee, Ortsbo has been refining their new
leading edge system with its technical team, system concept creator
and Ortsbo's Senior Marketing Consultant, Richard Abramson,
introducing improved feature sets.
Ortsbo has initiated the filing process with the US Patent
Office for its patent pending Real Time Closed Captioning Language
Translation System, as it continues to create and define a new
category of Internet services, "Real Time Experiential
Communications".
The current patent filing is the latest in a series of technical
innovations and patent filings that Ortsbo has initiated since its
launch in July 2010. Ortsbo's accelerated growth in social media
and the growing demand for its services in entertainment, sports
and other showcase events is evidence that Ortsbo is breaking down
the language barrier enabling every corner of the world to consume
real time content in their own language on almost any device.
"The potential business, cultural and communications
implications of Ortsbo's Real Time Closed Captioning Language
Translation system are immense," said Intertainment and Ortsbo CEO
David Lucatch. "Ortsbo's patent pending system allows broadcasters
of any size, for almost any event, large or small, to reach anyone,
anytime or anywhere from a single point of content creation while
allowing users to give instant comment and feedback - creating a
true global village experience."
As previously announced, Intertainment Media Inc. continues to
move forward with its plans to "spin out" Ortsbo as an independent
structure for listing on senior Exchanges in Canada and the United
States. As part of the "spin out" transaction, Management of
Intertainment has proposed that shareholders, as of a determined
record date, will receive a distribution of up to 30% of
Intertainment's value of the proposed spin out. This transaction
will be subject to all applicable board, shareholder and regulatory
approvals. The Company expects to provide further updates
throughout February 2012.
To become a Facebook Fan of Ortsbo, sign up at
www.facebook.com/ortsbo.
Follow Ortsbo on Twitter
For the Company's corporate blog, please visit
www.intertainmentmedia.com/blog.
About Ortsbo's Real Time Closed Captioning Language Translation
System
Ortsbo's Real Time Closed Captioning Language Translation System
allows viewers to watch video broadcasts, and also view an
accompanying language real time text stream, like closed captioning
found on television broadcasts, but in their personally selected
choice of over 50 languages. This game-changing proprietary system,
which is part of Ortsbo's Live & Global platform, provides the
ability for universal language broadcasting on a global basis,
regardless of the native language of the broadcaster, potentially
changing the face of ethnic, cultural, sports, entertainment,
business and other forms of online, video and television live and
pre-recorded broadcast programming.
Once a user reaches the event web broadcast page, the Language
Captioning System will default to the user's pre-set system
language. The users can also select the language of their choice
from an on-page drop down menu, with continuous live streaming
updates. The system will automatically deliver a "real time"
effective stream of "closed captioning" in the user's chosen
language.
About Ortsbo Inc. www.ortsbo.com
With over 40 Million monthly users in over 170 countries and
territories, 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's flagship product for social media (www.ortsbo.com)
supports global communications with instant translation capability,
real time multi-lingual social media chat connects to PC and Mac
computers, mobile browsers as well as all major chat platforms
including MSN, Google, Facebook, Twitter and Yahoo! and others.
Ortsbo allows users to communicate with family, friends and
colleagues around the world, providing users with the ability to
break down language and cultural barriers through its easy to use,
language centric interface.
Ortsbo also provides plug-in email translation capabilities for
Microsoft Outlook.
Ortsbo's Live & Global platform offers a unique solution for
broadcasting events to a global audience, with video and real time,
multi-lingual chat. Ortsbo currently hold the Guinness World Record
for the most nationalities in an online chat.
International rock legend, accomplished global entrepreneur and
one of the world's most recognized personalities, Gene Simmons has
endorsed Ortsbo.com, having signed on as a business partner and to
serve as Ortsbo's official spokesperson.
Two-time NBA MVP Steve Nash is an official spokesperson for
Ortsbo. Leading Ortsbo's global sports fan program, Nash will
present and participate in a number of online fan chats with
international athletes from a number of sports disciplines.
Ortsbo is an Academy Partner to the Orange British Academy Film
Awards in 2012.
Headquartered in both Los Angeles, CA and the Toronto, Canada
area, with additional offices in New York and San Mateo, CA, Ortsbo
Inc. is a subsidiary of Intertainment Media Inc. a publicly listed
company on the Toronto Venture Exchange under the symbol "INT" (TSX
VENTURE:INT) and traded in the US on the OTCQX under the symbol
"ITMTF". Intertainment is also traded in Europe, on the Frankfurt
Exchange on the XETRA trading platform under the symbol "I4T".
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.
Contacts: For Ortsbo / Intertainment Media Inc.: David Lucatch,
CEO 800-395-9943 / 905-763-3510info@intertainmentmedia.com To learn
more, visit: www.ortsbo.com To learn more, visit:
www.intertainmentmedia.com Public Relations / Media Inquiries: SS /
PRmcampe@sspr.com www.sspr.com
Intertainment Media (CE) (USOTC:ITMTF)
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