Press Release Source: Intertainment Media Inc. On Thursday April 21, 2011, 9:56 am
NEW YORK, NEW YORK and LOS ANGELES, CALIFORNIA and SAN MATEO, CALIFORNIA, and TORONTO, ONTARIO--(Marketwire - April 21, 2011) - Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT - News; OTCBB:ITMTF - News; FRANKFURT:I4T - News) announce that it has received information there is an erroneous report making false allegations against the Company and its management.
In response to a Globe & Mail article, this group spread an email that has circulated and been posted on the Internet potentially damaging both the Company and its Management.
Written potentially as a research report, these comments were never brought to the attention of Intertainment prior to publication for verification or comment and we believe that the writer and its associates have reported information in error and took other information out of context for unknown reasons.
The Company has received 100's of calls and emails over the past 24 hours with respect to this issue, and although it is not normally our position to comment on these types of issues, the information is so contrary to the Company's efforts and published reports, that it has made an impact on all stakeholders.
The main thrust of the erroneous report, which is in error, is focused on how users are received and managed. To clarify how the company manages it's reported numbers, the Company uses 3rd party verified services like Google Analytics for all its reported information and over 80% of visitors reach Ortsbo through direct means, not search engines or referral sites.
The Company believes that this is a well accepted methodology for determining users.
The Company and management are working diligently to build value for our shareholders.
As a new media company, we are keenly aware of the dissemination and flow of information over the Internet, both good and bad, and believe that not all information published is factual and beneficial.
In response to this report, the Company is pursuing legal and regulatory actions to seek remedies against the publishers.
The Company always welcomes the opportunity to communicate with the investment community, its members and investors.
Full details of news coverage can be found at the Intertainment web site - www.intertainmentmedia.com.
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To review Ortsbo's weekly performance metrics and the Company's corporate blog, please visit www.intertainmentmedia.com/blog.
About Intertainment - www.intertainmentmedia.com
