Intertainment Media Inc. Enlists Maxim Group LLC as US Financial Advisor and Investment Banker

TORONTO, CANADA and NEW YORK, NEW YORK and LOS ANGELES, CALIFORNIA--(Marketwire - June 29, 2012) - Intertainment Media Inc. (TSX VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) ("Intertainment" or the "Company"), announced today that it has enlisted the services of Maxim Group LLC ("Maxim Group"), a leading US investment banking, securities and investment management firm, to provide strategic corporate finance and investment banking services. Maxim Group will focus on assisting Intertainment, Ortsbo Inc. ("Ortsbo") and other subsidiaries of the Company in its strategies for maximizing shareholder value through its full scope of investment banking services.

Maxim Group supports Intertainment's technology incubation program and business strategy which includes a proposed spin-out of its real-time global communications experience platform, Ortsbo. Celebrating its 2nd year anniversary on July 22, 2012. Ortsbo already has over 160 Million Unique Monthly Users globally and has recently announced several commercial applications for its real-time global language services for social media and financial services. Intertainment initially proposed spinning-out Ortsbo as a senior publicly listed company in Canada with a significant portion of the proposed listing distributing to shareholders. Given the primary interest from US investors, the Company will be working with Maxim Group to move these efforts forward in the US.

"We are looking forward to utilizing the expertise of Maxim Group to assist Intertainment, Ortsbo and our other divisions with our growth strategies and capital requirements," said David Lucatch, CEO of Intertainment. "Maxim Group is a major investment banking firm concentrated on advising small-cap and midsized organizations. The Company trusts that Maxim Group will play a strong role as an advisor in executing organizational growth strategies to further enhance shareholder value."

Maxim Group President Chris Fiore commented, "We are delighted to partner with Intertainment as it pursues its plan to accelerate and execute its business. Our goal will be to provide assistance to Intertainment in the financial and value creation components of its corporate strategy through our full-service investment banking capabilities. Furthermore, we will also be supporting the Company in attaining its strategic initiatives and long-term objectives."