24 mil + PP shares & warrants become free trading this Friday.

Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT) is pleased to announce that it has completed the first tranche of its previously announced non-brokered private placement of units ("Units"). Intertainment issued 12,470,675 Units at a price of $0.10 per Unit for gross proceeds of $1,247,067.50 in this first closinIntertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT) is pleased to announce that it has completed the first tranche of its previously announced non-brokered private placement of units ("Units"). Intertainment issued 12,470,675 Ug. Each Unit issued pursuant to the private placement is comprised of one common share of Intertainment ("Common Share") and one common share purchase warrant ("Warrant"). Each Warrant entitles the holder to acquire one Common Share until January 12, 2013. All securities issued in connection with this first tranche of the private placement will be subject to a four-month hold period, which expires on May 13, 2011. It is anticipated that the net proceeds of the private placement will be used to accelerate Ortsbo, itiBiti and Ad Taffy as well as for corporate purposes