LOS ANGELES, CALIFORNIA and TORONTO, ONTARIO--(Marketwire - May 4, 2012) - Ortsbo Inc. (www.ortsbo.com) ("Ortsbo" or the "Company"), the leader in global experiential communications, a subsidiary of Intertainment Media Inc. ("Intertainment") (TSX VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) is pleased to announce that it has engaged Cameron Thomson, the pre-eminent provider of outsourced business development solutions for the media and entertainment technology sectors to provide sales and business development of Ortsbo's commercial and entertainment programs in Europe. Cameron Thomson will also assist Ortsbo with business development solutions in select markets in North American, South American and Asia.
For over 20 years, Cameron Thomson Group has been immersed within the Media / Entertainment and Technology sectors. Cameron Thomson's management team are experienced media, gaming and technology veterans who will provide Ortsbo with critical insight and direct support into direction, tactics and client engagement as the Company commercializes its core entertainment and language services platforms.
"We are very excited to have the opportunity to engage with Cameron Thomson to lead our entré and development in markets outside of North America," said David Lucatch, CEO of Ortsbo. "We are already seeing prospects develop outside of our internal core opportunities, expanding the reach and commercial opportunities for Ortsbo."
Working with Ortsbo's president, Patrick Bultema and CEO David Lucatch, Cameron Thomson has already identified and will engage significant commercial opportunities in the Media / Entertainment and Technology sectors that support Ortsbo's efforts in developing leading experiential communications offerings in global customer care, eCommerce, entertainment and social media.
"Ortsbo offers media, entertainment and technology clients the ability to reach a global audience efficiently and effectively through its proprietary technology offerings that enable real-time multi-language interaction," commented Ronald Thomson, President of Cameron Thomson. "Ortsbo removes the language barrier allowing commercial enterprises the opportunity to engage consumers and clients providing solutions to increase awareness, revenue and profitability on a global basis."
For more information, please visit Ortsbo.com
About Cameron Thomson Group
Cameron Thomson Group Ltd. is a leading business development company specializing in providing corporate development and investment banking services to the media, IT and entertainment industries. Drawing from its broad base of experienced and highly motivated professionals, Cameron Thomson's expertise is in transforming business ideas into prosperous commercial opportunities.
Cameron Thomson has a track record in building successful media companies that maximize the value of their intellectual properties globally through traditional media, the Internet, and via evolving broadband and wireless distribution mediums. Cameron Thomson Group is based in Toronto, Canada, with offices in Milan (Como), London, and Los Angeles. For more information, visit www.cameronthomson.com.
About Ortsbo Inc.
Now with over 100 million unique users in over 170 countries and territories, Ortsbo (www.ortsbo.com) enables real-time conversational translation for more than 50 languages. Ortsbo's flagship product for social media supports global communications with instant translation capability and real-time, multi-lingual social media chat. Ortsbo's technologies support major social platforms including MSN, Google, Facebook, Twitter and Yahoo!, as well as all major desktop and mobile operating systems, browsers and devices. Ortsbo, based in Toronto and with offices in Los Angeles and New York, is a subsidiary of Intertainment Media (www.intertainmentmedia.com).
Ortsbo also provide commercial application services for real-time closed captioning and subtitling for broadcast streams, commercial integration and merchandising, customer care programs and communications services.
On February 28, 2012, Intertainment announced that Intertainment and its Board of Directors have reviewed various options for the spin out of its subsidiary Ortsbo Inc., and have elected to proceed with a transaction structure that it believes will be the most favorable to the current security holders of Intertainment. For further information, please refer to Intertainment Media's announcement filed at www.sedar.com.
About Intertainment Media Inc.
Intertainment is one of Canada's leading technology incubators and is focused on developing, nurturing and investing in technologies and companies that provide technology solutions for brands and consumers alike. Intertainment also owns and operates a number of key properties including Ad Taffy, itiBiti, Ortsbo, Deal Frenzy and Magnum, with investments in leading edge technologies and social media platforms including theaudience.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 unofficial market of the Frankfurt Exchange through the XETRA trading platform under the symbol "I4T".