TORONTO, CANADA--(Marketwired - April 2, 2013) - Intertainment Media Inc. ("Intertainment" or "Company") (TSX VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T), announces today that it is scheduling a Special Shareholder Meeting for Friday, May 31, 2013 for shareholders to discuss and vote on a proposed US Senior listing spin out of Ortsbo Inc. ("Ortsbo"). Ortsbo is a world leader in real time multi-lingual communications focusing on the Global Customer Care, Corporate Communications and Gamification and select Social Media industries. Ortsbo is a subsidiary of Intertainment Media Inc.

The Special Meeting will take place on Friday, May 31, 2013 at 9:30 am Eastern at The Sheraton Parkway Toronto North at 600 Highway 7 East, Richmond Hill, Ontario L4B 1B2 in the Grand York B Conference Room. Those wishing to attend in person are asked to arrive a half hour in advance. At this time, there will be no call in provisions or Live & Global production for this event.

Over the past approximately 120 days, the Company has worked with counsel and advisors to better understand the opportunities and implications of a creating a stand alone senior US listing. As a Canadian Company, Ortsbo would be subject to foreign listing considerations and as such Intertainment has investigated and it has been recommended that Ortsbo be domiciled as a US Corporation. The Company and management feel that this would be the best long-term solution for Ortsbo shareholder value.

The Company has reviewed a number of offers to move forward with the spin out process and is scheduled to review a final opportunity in the next two (2) weeks. The Company will then make a decision on its go-forward strategy and provide shareholders with a formal circular package which will be discussed and voted on at its Special Meeting on May 31, 2013.

About Ortsbo - www.ortsbo.com

As the world's leading real time global experience platform focused on breaking down the language barrier, Ortsbo provides commercial and non-profit enterprises with an expanding array of commercial programs including Corporate Communications, Global e-Commerce and Customer Care that enables them to reach and engage a global audience.

Ortsbo's real time, multi-lingual subtitling and closed captioning technology has been proven successful with major companies including Disney, Dreamworks, Marvel, Yahoo!, Fox, IndyCar, Variety and others.