TORONTO, ONTARIO -- (Marketwired) -- 04/29/13 -- Ortsbo, Inc. (a subsidiary of Intertainment Media Inc.) (TSX VENTURE: INT)(OTCQX: ITMTF)(FRANKFURT: I4T), the innovator in real-time, cross-language communication experiences, has been chosen to enable global buyer-seller communication within the Grebids electronic bidding platform scheduled to launch in the summer of 2013. Ortsbo will enable buyers and sellers to communicate accurately about goods and services in real time across the language spectrum.
Ortsbo CEO Patrick Bultema commented, "We are proud to be chosen by an innovator like Grebids who is expanding the boundaries of global commerce. Enabling buyers and sellers to connect across languages expands the economic pie for everyone as barriers are reduced to profitable commerce and our companies both benefit in facilitating the exchange."
There are millions of suppliers and buyers of green products and services globally and to date, many buyers and sellers have been separated by language barriers. When language is a barrier to commerce, goods often cannot find their way to the optimal buyer. Integrated into the Grebids exchange network, Ortsbo eliminates language as a structural barrier to the global exchange of goods and services.
Grebids founder Tom Tassiopoulos says, "We are pleased to have partnered with Ortsbo to deliver real time multilingual capabilities to our global network of users. Grebids Inc. is embracing Ortsbo's capabilities and embedding its language technology in www.grebids.com, a green electronic bidding platform that connects businesses, consumers and employers together in real-time with dedicated global green industry freelancers. Ortsbo's language technology has enabled us to eliminate language barriers of entries and to build our business and chat platforms in markets that may otherwise not been possible."
Grebids Inc. is a global digital and media organization that strives to deliver Green, B2B, Entertainment, Automotive, Education and HealthCare initiatives through the development and marketing of various web platforms. We look forward to globally launching www.grebids.com in summer 2013.
Ortsbo (www.ortsbo.com) enables real-time, cross-language communication experiences. Delivered as a Cloud computing service, Ortsbo can be embedded into high value communication processes and internet endpoints to create dramatic value across more than 65 languages. Based on invention and proprietary technology, Ortsbo creates unparalleled, high-fidelity experiences. With offices in Colorado, Austin, and Los Angeles, Ortsbo is a portfolio company subsidiary of Intertainment Media (www.intertainmentmedia.com).
About Intertainment Media Inc.
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 including Ortsbo, Deal Frenzy, The Sweet Card and Magnum, with investments in leading edge technologies and social media platforms including theaudience.com, capthat.com and Yappn.com. 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, 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) of the Frankfurt Exchange through 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.
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