Intertainment Media Inc. ("Intertainment" or the "Company") (TSX
VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) is pleased to announce that Mr. David
Lucatch, CEO of Intertainment and Yappn Corp. ("Yappn"), has been appointed the
President and CEO of Ortsbo Inc. ("Ortsbo"), a subsidiary of Intertainment,
replacing Mr. Patrick Bultema effective immediately. All other senior staff at
Ortsbo remain in place and active in business activities and client programs.


The transition of Intertainment to a focused strategy of managing technology
assets, investments, and incubation, the growth of Yappn, and the natural
synergy between Ortsbo and Yappn, has enabled a closer working relationship and
an opportunity for greater operational efficiency. As such, at this stage and
until Ortsbo operates independently outside of Intertainment, a combined
leadership will provide the required support for each of the independent
management teams to achieve growth objectives on the most efficient basis. 


Ortsbo continues to move forward with its spin out strategy and has recently
received both an expression of interest and multiple offers to divest of the
division. To date, the Company has found the expression of interest and an offer
from a China based company, based on available information, to be substantially
below the invested value of the Company which it believes is not in the interest
of the shareholders. Management and the board will report on any substantive
progress in this area.


The Ortsbo team continues to focus on its core programs including Global
Customer Care, Gamification and select social activities, and will also continue
to develop key revenue growth areas including broadcast content opportunities
given the April 2012 US FCC rule changes requiring closed captioning for an
online content broadcast. 


To date, contracts between Ortsbo and industry leading clients have been
executed and have initiated revenue. Ortsbo has completed its Customer Care
proof of concept trials and is in the process of rolling out its first stage
clients, of which further information is forthcoming. Ortsbo is also providing
development support for a number of new technology and broadcast opportunities
which it anticipates will lead to further commercial success.


With the recent development and spin-out of Yappn (www.yappn.com), Ortsbo will
also be tasked with providing further support in the development of the consumer
side of the global communications arena. The synergies between Ortsbo and Yappn
remain strong and Intertainment is looking at further ways to capitalize on this
strengthening relationship.


"Ortsbo has the promise of creating a revolutionary change in global
communications at both the commercial and consumer level. We have seen success
in the entertainment arena with companies like FOX, Disney and Marvel and have
recently started to see great opportunities for commercial success," said David
Lucatch, President and CEO of Ortsbo. "While Ortsbo has had limited commercial
revenue to date, the team believes that it has proven its value proposition
across a number of business sectors and our focus is to close deals and create
growth opportunities with tangible revenue results."


Intertainment has also been focused over the past several months on streamlining
its incubation suite, reducing costs and working to achieve commercial success
across all its product lines. These changes include both product and personnel
changes across the entire Company. Earlier this year, Intertainment sold one of
its earliest programs, itiBiti, to a private technology group and has seen an
increase in revenue through that organization and recently sold its interest in
Poynt to Sprylogics for a profit. Given the change in programs and the focus
towards a streamlined approach to its internal operations of business units, Mr.
Brad Parry, the former Chief Marketing Officer of Intertainment, is no longer
with the Company. Mr. Kevin Shea has resigned as a director. We wish them well
in their future endeavors. 


Given the general climate of the Canadian markets, the Company has focused its
current interest in the US with Yappn and Ortsbo; however, the Company continues
to review its capital strategy programs. The Company has not completed the
private placement announced on June 20, 2013 (placement of up to $3,500,000
worth of debenture units); however, the Company is extending the offering,
subject to regulatory approval, as it increases its internal funding programs
from revenues and sales of assets to further manage the business.


About Intertainment - www.intertainmentmedia.com

Intertainment is one of Canada's leading technology incubators and is focused on
developing, nurturing and investing in both North American and global
technologies and companies that provide technology solutions for brands and
consumers alike. Intertainment also owns and operates a number of key properties
including Ortsbo, Deal Frenzy, The Sweet Card and Magnum, with investments in
leading edge technologies and social media platforms including theaudience.com,
capthat.com and Yappn.com. For more information on Intertainment and its
properties, please visit www.intertainmentmedia.com.


Intertainment is headquartered in the Toronto, Canada region, with offices in
New York, Los Angeles and San Mateo, CA and is listed on the TSX Venture
Exchange under the symbol "INT" (TSX VENTURE:INT) and in the US on the OTCQX
Market under the symbol "ITMTF". Intertainment is also traded in Europe on the
Open Market (Regulated Unofficial Market) of the Frankfurt Exchange through the
XETRA trading platform under the symbol "I4T".


Forward Looking Information 

This news release contains certain "forward-looking information" within the
meaning of such statements under applicable securities law, including statements
relating to the expected use of proceeds of the Offering.  


Forward-looking information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate", "may",
"will", "potential", "proposed" and other similar words, or statements that
certain events or conditions "may" or "will" occur. These statements are only
predictions. Forward-looking information is based on the opinions and estimates
of management at the date the statements are made, and are subject to a variety
of risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the forward-looking
statements. Actual timelines associated may vary from those anticipated in this
news release and such variations may be material. Actual results could differ
materially because of factors discussed in the management discussion and
analysis section of our interim and most recent annual financial statements or
other reports and filings with the TSX Venture Exchange and applicable Canadian
securities regulators. The Company undertakes no obligation to update
forward-looking statements if circumstances or management's estimates or
opinions should change, unless required by law. The reader is cautioned not to
place undue reliance on this forward-looking information.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Intertainment Media Inc.
David Lucatch, CEO
800-395-9943
info@intertainmentmedia.com
www.intertainmentmedia.com