INT isn't the only company going after the shorters.

Sorento

Silvercorp Sues Jon R. Carnes, his EOS Holdings and Zane Heilig as "Alfred Little"/ "IFRA" in Silvercorp amended New York Lawsuit
January 9, 2012
VANCOUVER, British Columbia - January 9, 2012 - Silvercorp Metals Inc. (“Silvercorp” or the “Company”) today filed an amended lawsuit in the Supreme Court of the State of New York,County of New York, adding EOS Holdings LLC., Jon Carnes, Zane Heilig, Andrew Wong and International Financial Research & Analysis Group (“IFRA”), as defendants. The original claim, filed on September 22, 2011 alleges that defendants Chinastockwatch.com, Jerry Katz, Alfredlittle.com, Alfred Little, Simon Moore, and several “John Doe” defendants with spreading “false, defamatory and fraudulent” information about Silvercorp on the Internet and in letters to the media and regulators to drive down the price of Silvercorp’s stock to profit from their short positions in the stock. The defendants have not yet answered the Silvercorp’s suit and the allegations remain to be proved.

Silvercorp has conducted extensive investigations to support the allegations concerning the involvement of the various parties who have been added as defendants:

Jon R. Carnes is a member of the group comprising Defendant Alfred Little. Carnes is a United States citizen who maintains resident addresses both in Las Vegas, Nevada and in the Vancouver, British Columbia area. Carnes is the President of Defendant EOS Holdings LLC (“EOS”), which he founded in 1992, and he is an official (with the title “Protector”) of One Horizon Foundation, which is the largest shareholder of EOS.

Zane Heilig is a member of the group comprising Defendant Alfred Little. Heilig is a United States citizen who maintains resident addresses both in Las Vegas, Nevada and in the Vancouver, British Columbia area. Heilig is the Director of Research at EOS, and has worked for Carnes for many years.

EOS Holdings LLC is a member of the group comprising Defendant Alfred Little. EOS Holdings LLC., a Nevada corporation, describes itself as a fund that focuses on “identifying and funding first and second round investments in small and mid sized companies in the U.S., Canada and China,” and that has “completed over 25 investments to date.” EOS’ website represents that it maintains a team of five full-time agents and numerous part-time agents in China based in its Chengdu office.
Carnes, Heilig and EOS are alleged to have become participants in the group comprising Alfred Little well before the September 2011 attacks on Silvercorp and other companies with operations in China. On March 29, 2011, Carnes, Heilig, IFRA, and EOS were involved in the publication of a press release in the name of “Alfred Little” relating to another company called China Integrated Energy through the PR Newswire service. PR Newswire’s records show that the 72 year old mother of EOS’s Research Director Zane Heilig “authorized” the “Alfred Little” release, and gave as contact phone numbers for the release the Vancouver phone number of defendants Heilig, Carnes, and EOS. Heilig’s mother also gave PR Newswire, as an additional contact phone number, the Hong Kong phone number of the added defendants Andrew Wong and IFRA. Furthermore, Heilig’s mother hand-wrote the check to pay PR Newswire for running the “Alfred Little” release using funds forwarded by Zane Heilig.

Andrew Wong and IFRA are members of the group comprising defendant Alfred Little. Andrew Wong is a Senior Analyst at IFRA, which describes itself as a “provider of complex financial analysis, business research, and investigative due diligence services.” IFRA maintains offices in the United States and China, including at the following locations: (i) 10/F Miramar Tower, 132 Nathan Road, Tsim Sha Tsui, Kowloon, Hong Kong; (ii) 548 Market Street, San Francisco CA 94104; and (iii) 2280 East Ventura Boulevard, Camarillo CA 93010, as well as a contact phone number in New York County (area code 646).

A Shanghai-based analyst with IFRA named “Dino” Huang admitted in an interview with the Globe and Mail, that IFRA had prepared the “Alfred Little” report attacking Silvercorp on which this law suit is based. The IFRA analyst further admitted that IFRA prepared the report on behalf of an “unnamed hedge fund” that had shorted Silvercorp stock, and thus would profit if the stock price dropped.

In two separate anonymous affidavits recently filed on behalf of “Alfred Little” in New York Court in the Sino Clean and Deer litigation against “Alfred Little” arising from similar short-and-distort stock manipulations, “Alfred Little” swore under oath that he has “used” IFRA to carry out his activities. (“Alfred Little” swore to the affidavits before a notary at the U.S. Consulate in Shanghai, but then redacted his name and signature before submitting the affidavits to the Court.)

Information obtained from EOS’ website further indicates that the person responsible for “overseeing all of the fund’s activities” is Kun Huang, who is described as its “Asia Region Manager” and its “Chief Investment Analyst”. Mr. Huang is a Canadian citizen with a residence in Vancouver, British Columbia. Other senior EOS officials include Jeff Huang (a/k/a Xiaofu Huang), its Director of Investment Investigation; Beth Liu, Vice President; Xiping Wang, Vice President; Joseph Ramelli, Manager of Equity Trading; Biquiang Huang, Vice President managing its Chengdu office, and Li (Emma) Liu, Director China. On information and belief EOS controls and acts through One Horizon Foundation, EOS Research LLC, EOS Asia Investments Limited, Carnes Investment Foundation, and JCAR Funds Ltd., among other entities and individuals.

EOS maintains offices in the United States, Canada and China, including at the following locations: (i) 2560 Highvale Drive, Las Vegas, NV 89134; (ii) 1500 West Georgia Street, Suite 1400, Vancouver, British Columbia V6G 2Z6, Canada; (iii) 3740 Chatham Street, Suite 205, Richmond, British Columbia V7E 2Z3, Canada; (iv) Level 18, The Office Tower, Shangri-La Centre, 9 Binjiang Road (East), Chengdu, Sichuan, China 610021; and (v) 689 Guang Dong Lu, Huang Pu Qu, Shanghai, China 200001, as well as locations in Beijing and Hong Kong.

Silvercorp has alleged that, beginning on August 29, 2011 and continuing up to the present, defendants have posted on the chinastockwatch.com and alfredlittle.com websites and sent anonymous letters to the British Columbia Securities Commission, the Ontario Securities Commission, Silvercorp’s auditors at Ernst & Young, and various financial media outlets that falsely and maliciously allege that Silvercorp’s financial statements and its resource deposits were overstated, among other false and defamatory statements. Following these statements, Silvercorp’s stock price dropped sharply - as much as 20% in a day on unusually high trading volumes - before partially recovering as Silvercorp came forward with information in the form of bank statements, government records and other documents to rebut the defendants’ false allegations.

Silvercorp has sued the defendants for defamation, unjust enrichment, trade libel and tortious interference, and deceptive acts and practices. As a result of the conduct charged, Silvercorp has asked the court to order the defendants to pay compensatory and punitive monetary damages, to order that the defendants’ profits from their short selling activities should be disgorged to Silvercorp or imposed with a constructive trust and paid as the court may direct, and to order the defendants to remove false statements about Silvercorp from their websites and not to repeat such misconduct, among other relief.

As previously reported, Silvercorp has reported on the facts as they are understood to law enforcement authorities in Canada, the United States, and China and is cooperating with the investigations in those countries. Silvercorp is represented in this matter by the law firm of K & L Gates LLP.

About Silvercorp Metals Inc.

Silvercorp Metals Inc. is engaged in the acquisition, exploration, development and mining of high-grade silver-related mineral properties in China and Canada. Silvercorp is the largest primary silver producer in China through the operation of the four silver-lead-zinc mines at the Ying Mining District in the Henan Province of China. Silvercorp recently acquired the XBG and XHP silver-gold-lead-zinc mines nearby the Ying Mining District in Henan Province, further consolidating the region. Silvercorp has commenced production at its second production foothold in China, the BYP gold-lead-zinc project in Hunan Province, and is currently constructing the mill and related facilities in preparation for mining at the GC silver-lead-zinc project in Guangdong Province. In Canada, Silvercorp is preparing an application for a Small Mine Permit for the Silvertip high grade silver-lead-zinc mine project in northern British Columbia to provide a further platform for growth and geographic diversification. The Company’s shares are traded on the New York Stock Exchange (symbol: SVM) and Toronto Stock Exchange (symbol: SVM) and are included as a component of the S&P/TSX Composite and the S&P/TSX Global Mining Indexes.

For further information:

SILVERCORP METALS INC. Lorne Waldman, Corporate Secretary Phone:(604) 669-9397, Toll Free Phone: 1-888-224-1881 Fax: (604) 669-9387, Email: info@silvercorp.ca, website: www.silvercorpmetals.com.

The information posted in news releases was accurate at the time of posting, but may be superseded by subsequent news releases.

INT has been under a constant attack by these bashers, day after day for many months.

David actions will discourage these bashers.

Hoping for better days ahead.

Sorento

The Company is adamant that it will defend itself and the rights of its stakeholders and will not let the defamatory actions of those that hide behind anonymity to undermine the value being built by the Company and its businesses," said David Lucatch, CEO of Intertainment Media Inc.

The Company routinely engages in communications that are forthright and open to discussion by all parties. It regularly provides market updates and non-confidential information to educate and inform the public at large about its activities and endeavors.

The Company will continue the process to identify the persons and organizations making and supporting improper postings and will pursue further legal options.

Intertainment Files Civil Claim Against Defamatory Posters on Stockhouse

TORONTO, CANADA--(Marketwire - March 13, 2012) -Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) announces that the Company has filed a claim in the Supreme Court of British Columbia, Canada against John Doe No. 1, aka MaydayMalone, John Doe No. 2, aka f3drivr, and John Doe No. 3, aka CESpumper ("Defendants") who have posted false, malicious and defamatory comments ("Posts") on the Stockhouse website.

Intertainment is claiming general and punitive damages and seeking an injunction consequent to the following matters:

Each of the Posts was known by the responsible Defendant to be false, or was made recklessly, without regard to whether it was true or false;

Each of the Posts was made by the responsible Defendant with malice, spite and ill will and was calculated to disparage Intertainment and Intertainment's chosen business, to damage Intertainment's reputation in the community, and to lower Intertainment in the minds of right thinking members of society, and did have these intended effects; and

Each of the Posts was published in the form known by the responsible Defendant to be visited by persons with a financial interest in Intertainment.

"The Company is adamant that it will defend itself and the rights of its stakeholders and will not let the defamatory actions of those that hide behind anonymity to undermine the value being built by the Company and its businesses," said David Lucatch, CEO of Intertainment Media Inc.

The Company routinely engages in communications that are forthright and open to discussion by all parties. It regularly provides market updates and non-confidential information to educate and inform the public at large about its activities and endeavors.

The Company will continue the process to identify the persons and organizations making and supporting improper postings and will pursue further legal options.

About Intertainment Media Inc. www.intertainmentmedia.com

Connecting people with brands, Intertainment Media Inc. is a Rich Media Applications leader, focused on delivering leading edge technology and marketing solutions enabling clients to power enhanced branding, loyalty initiatives and consumer engagement.

Selected as a Microsoft Global Agency Initiative partner, Intertainment has joined an elite group of interactive agencies worldwide that Microsoft recommends to its Partners and Customers. Intertainment owns a number of key properties including Ortsbo, Ad Taffy, itiBiti and Magnum Fine Commercial Printing Limited.

Intertainment Media owns and operates a number of key properties including Ad Taffy, itiBiti, Ortsbo and Magnum. For more information on the Company and its properties, please visit www.intertainmentmedia.com.

Headquartered in the Toronto, Canada region, with offices in New York, Los Angeles and San Mateo, CA, Intertainment Media Inc. is listed on the Toronto Venture Exchange under the symbol "INT" (TSX VENTURE:INT) and in the US on the OTCQX Exchange under the symbol "ITMTF". Intertainment is also traded in Europe, on the XETRA Exchange under the symbol "I4T".

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The offered securities mentioned in this press release will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

This new release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not undertake any duty to update any forward-looking statements.

Marketwire Canada

March 13, 2012 - 8:18 PM EDT

March 1, 2012 - 2:12 PM EST

Friend's Email

Receive Copy:
yes

Cap That's(TM) mission is to become a destination where users can upload their own videos and transform scenes into tangible creations; a place where fans can choose how to capture their favorite sporting heroes in action; a place where music fans and film lovers can select the perfect moment in the perfect scene and freeze it in time.

The Cap That(TM) patent-pending system empowers its users to easily capture individual frames from their own home videos and from clips licensed by major studios, record labels and sporting organizations. By leveraging the infinite catalogue of images trapped in video, Cap That(TM) will bring significant revenue and unique promotion opportunities to the entertainment and sporting industries.

AIN has signed agreements with a number of entertainment brands including Disney Studios to allow consumers to use the Cap That(TM) technology and is currently negotiating agreements with several other entertainment, sports, music and lifestyle content producers to include their video offerings within the Cap That(TM) platform. Additionally, AIN is working to license its technology directly to destination sites, apparel and branded program companies allowing them to use the patent pending technology for their own video imaging capture and print on demand programs.

The print on demand industry is a dynamic growing business sector which includes Zazzle.com and Cafepress.com whose users create over 186 Million unique products per year. In June 2011, Cafepress filed an S-1 registration statement to raise as much as US $80 Million in its IPO, divulging that 2010 revenues were US $128 Million.

On February 23, 2012, Intertainment Media closed the acquisition of 342,466 Class B preferred shares (the "Purchased Shares") of Active ImageNation Inc. ("AIN") at a price of USD$5.84 per share. The purchase price for the Purchased Shares was satisfied (i) in cash in the amount of USD $1.5 million and (ii) by tender and cancellation of a promissory note in the total principal amount of USD$500,000 issued by AIN to Intertainment Media on July 25, 2011. The Purchased Shares are convertible into the shares of common stock of AIN at the option of the holder (currently, the conversion ratio is 1 Purchased Share for 1 share of common stock). AIN also issued a warrant to Intertainment Media entitling the holder to purchase 34,247 common shares of AIN at a price of USD$5.84 per share.

David Lucatch, the CEO of Intertainment Media, has been elected a member of the board of directors (with the other two directors representing the founders of AIN). The transaction was previously announced in a news release dated November 29, 2011.

"We're excited to be part of AIN's patent pending Cap That(TM) technology that gives users, from consumers to commercial partners, the ability to expand their social sharing and print on demand opportunities using dynamic video content," said David Lucatch, CEO of Ortsbo Inc. and Intertainment Media Inc. "Participation in AIN is strategically aligned with Intertainment's investment principles, as it adds value to our other divisions and potentially stands alone as a tremendous opportunity for global success."

About Active ImageNation Inc. - Cap That(TM)

Cap That's(TM) patent pending technology empowers users to stop time and capture the most desired moments in film, television, music, sports, home videos and exclusive VideoShoots(TM) in order to create one of a kind posters, canvas prints, photo prints, apparel as well as virtual creations that can be easily shared across social networks.

CapThat(TM) is an application and website devoted to unlocking images from video giving rise to a revolutionary consumer proposition and promotional tool.

About Intertainment Media Inc. www.intertainmentmedia.com

Connecting people with brands, Intertainment Media Inc. is a Rich Media Applications leader, focused on delivering leading edge technology and marketing solutions enabling clients to power enhanced branding, loyalty initiatives and consumer engagement.

Selected as a Microsoft Global Agency Initiative partner, Intertainment has joined an elite group of interactive agencies worldwide that Microsoft recommends to its Partners and Customers. Intertainment owns a number of key properties including Ortsbo, Ad Taffy, itiBiti and Magnum Fine Commercial Printing Limited.

Intertainment Media owns and operates a number of key properties including Ad Taffy, itiBiti, Ortsbo and Magnum. For more information on the Company and its properties, please visit www.intertainmentmedia.com.

Headquartered in the Toronto, Canada region, with offices in New York, Los Angeles and San Mateo, CA, Intertainment Media Inc. is listed on the Toronto Venture Exchange under the symbol "INT" (TSX VENTURE:INT) and in the US on the OTCQX Exchange under the symbol "ITMTF". Intertainment is also traded in Europe, on the XETRA Exchange 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 Intertainment Media Inc.:
David Lucatch
CEO
800-395-9943
info@intertainmentmedia.com
www.intertainmentmedia.com

Jul. 14, 2011 (Marketwire Canada) --

For itiBiti/Ad Taffy / Intertainment Media Inc.:
800-395-9943
info@intertainmentmedia.com

www.itibiti.com / www.adtaffy.com
www.intertainmentmedia.com
Public Relations / Media Inquiries:
mcampe@sspr.com
www.sspr.com