Intertainment's Ortsbo Mobile Platforms Ranked # 3 in the US iTunes Store

Last Update: 11/23/2011 9:16:00 AM

NEW YORK, NEW YORK AND LOS ANGELES, CALIFORNIA AND SAN MATEO, CALIFORNIA AND TORONTO, CANADA, Nov 23, 2011 (MARKETWIRE via COMTEX) -- 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 ( www.ortsbo.com ) and its recently launched mobile platform, Ortsbo 2 Go, (O2Go),for the iPhone platform reached the position of the 3rd in the free Social Networking category just behind Facebook in the US Apple iTunes store.

Also, on Saturday, November 18th, the O2Go platform achieved an overall rank of 14th in the Apple iTunes store in the free iPhone apps category in the US. The O2Go platform for iPhone enables users to connect and chat with friends, family and colleagues in over 50 languages seamlessly using today's most popular social media platforms. With the O2Go platform for iPhone, users can translate text in over 50 languages, chat in real time with no copying or pasting required, access translation history and log into multiple chat services simultaneously.

"The quick acceptance and growth of our newly launched iOS mobile apps is a true testament of the need that Ortsbo has been filling, and continues to fill, in the attempt to break down global language barriers." Said David Lucatch, CEO Intertainment Media. "To have our apps break into the iTunes top 30 so quickly, let alone achieve the number 3 position, is truly remarkable and underscores the need for our technology especially as the global marketplace continues to become more and more mobile."

On October 14, 2011, Ortsbo's parent, Intertainment Media Inc. published its Corporate Update for the fiscal year ended June 30, 2011 and commented that in the past year, management and the board have rejected 2 independent offers for Ortsbo to effectively divest primary ownership of Ortsbo. The US investment market for social media acquisitions and public offerings continues to grow. The investment markets have seen highly successful IPO debuts of several social media companies and the much anticipated potential IPOs for Zynga and Facebook are continual newsworthy items.

Given the performance of Ortsbo, management and the board feel that the current overall corporate and shareholder value does not reflect the enterprise value of the sum of the divisions, especially Ortsbo. The Company is currently reviewing strategy and opportunities where Intertainment will potentially unlock maximum valuation for Ortsbo while retaining significant ownership and future benefits from the continual growth and performance in the program while potentially creating a special dividend for shareholders, rewarding them for the continual support of the Company. The Company will report on these efforts in due course.