Toronto, Ontario & New York, New York--(Newsfile Corp. - November 18, 2014) - Intertainment Media Inc. (TSXV: INT) (OTCPINK: ITMTF) (FRA: I4T) ("Intertainment Media" or "Company") is pleased to announce that Rubicon Project (NYSE: RUBI), one of the industry's largest independent real-time trading platforms for the buying and selling of advertising, has acquired Shiny Ads in its entirety, including Intertainment's stake of CDN$250,000. The purchase by Rubicon Project has allowed Intertainment to realize a gain of 128% on its investment.
"We are extremely pleased with the final sale of Shiny Ads to Rubicon Project" stated Anthony R. Pearlman, COO of Intertainment Media Inc. "the return on investment received by Intertainment shows the Company's continued commitment to shareholder value."
Under the terms of the agreement for the sale, Intertainment was restricted from disclosing the identity of the purchasing partner until the purchaser provided disclosure to the public market. The transaction was outlined in Intertainment's MD&A and financials for the year ended June 30, 2014 as a subsequent event, however, under the agreement the party was not disclosed at that time.
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
