Intertainment's Ortsbo(TM) Builds Senior Management Team
Leader in Real-Time Online Translation Technologies Gears Up for Pending Corporate Spin Out
(firmenpresse) - NEW YORK, NEW YORK and LOS ANGELES, CALIFORNIA and SAN MATEO, CALIFORNIA and TORONTO, ONTARIO -- (Marketwire) -- 03/28/12 -- Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE: INT)(OTCQX: ITMTF)(FRANKFURT: I4T) announces that its social media, real time, experiential communications platform, Ortsbo.com ("Ortsbo") has made a number of important additions to its executive ranks as it prepares for operations as an independent company. The new hires, coming from some of North America's most prominent technology and entertainment companies, fulfill many critical management roles in the company's technical, customer support, communications and business development areas, among others.
Leading the team is Patrick Bultema, who moves from interim-President to Ortsbo's President, will report to David Lucatch, CEO of Ortsbo and Chief Executive Officer of Intertainment Media. Bultema brings over 30 years of experience leading emerging high-tech companies as an executive, investor, board member and corporate advisor. Prior to joining Ortsbo, Bultema was CEO of Internet software company CodeBaby as well as a venture partner with vSpring Capital, CEO of XAware, and CEO of FrontRange Solutions.
A noted author and speaker, Bultema is recognized as one of the leading experts in online customer experience and customer management. He has held positions as founder and Executive Chairman of Knowlix; Chairman and General Manager for the Help Desk Institute (then a Ziff-Davis company); and was founding Executive Editor of Customer Support Management magazine. Patrick holds a Bachelor's degree from California State University and a Master's from Princeton.
Also strengthening Ortsbo's management ranks are three new operational, non-executive officers, all reporting to Patrick Bultema:
Ortsbo has also hired four new managers at the senior director and director levels:
"The global market for Ortsbo services is showing immense promise. It's critical that we put together the right people to sustain that momentum in the months and years ahead, and these executives will help us do just that," stated Patrick Bultema, Ortsbo President. "I'm looking forward to working closely alongside David Lucatch, our CEO, who will be an active part of our operations strategic leadership and development of the business."
"Ortsbo is in a very exciting and challenging phase as it invests in the resources it needs to hit the ground running as an independent entity," said David Lucatch, Ortsbo CEO. "We're thrilled that we have been successful at attracting such experienced and accomplished professionals to our management team. This is truly an all-star group of individuals-each has had notable success in the past and will be bringing that acumen and energy to the tasks ahead of them at Ortsbo."
As its corporate spin out continues, Ortsbo is expected to announce several additional executive hires later this Spring. It will be transitioning its corporate headquarters to Los Angeles, California in the next several months.
About Ortsbo.com
Now with over 100 million unique users in over 170 countries and territories, Ortsbo () 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 ().
On February 28, 2012, Intertainment Media 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 .
About Intertainment Media Inc.
Headquartered in both Los Angeles, CA and the Toronto, Canada area, with additional offices in New York and San Mateo, CA, Intertainment Media, Inc. (,) is a Rich Media Applications leader focused on delivering leading edge technology and marketing solutions that enable clients to power enhanced branding, loyalty initiatives and consumer engagement. Intertainment Media is based in Toronto, Canada, and owns and operates a number of key properties including Ortsbo, Ad Taffy, itiBiti and Magnum.
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 . 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:
Ortsbo / Intertainment Media Inc.:
David Lucatch, CEO
800-395-9943 / 905-763-3510
Ortsbo / Intertainment Public Relations / Media Inquiries:
SS / PR
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Datum: 28.03.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 129396
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