Intertainment Media completes sale of Yappn assets to Yappn Corp.
TORONTO, CANADA / NEW YORK, NY – MARCH 28, 2013 – Intertainment Media Inc.
(“Intertainment”) (TSXV:INT / US:ITMTF / FRA:I4T) and Yappn Corp. (formerly named Plesk
Corporation) (OTCBB:PSKC) are pleased to announce the completion of Intertainment’s sale of
its Yappn assets to New York based Yappn Corp. As previously announced on March 8, 2013,
Intertainment has received 70 million common shares of Yappn Corp. as consideration for the
transaction. Under its previously announced partnership program, Intertainment will control a
minimum of 60% of the received shares of Yappn Corp. The existing shareholders of Yappn
Corp. will control approximately 30 Million shares.
Scheduled to launch during Summer 2013, Yappn (www.yappn.com) will be an online social
community where people can meet, chat, engage and consume media in multiple languages
simultaneously. Powered by Ortsbo’s (www.ortsbo.com) real-time multi-language technology,
Yappn is set to create an engaged online community for users all over the world by providing
access to topical discussion boards in almost 70 languages.
Unlike many social media sites, Yappn is not primarily “friend” focused, but instead will be
“topic” or “interest” focused bringing people together to discuss current events, celebrities,
technology, sports, entertainment and other popular areas of conversation. One of the key
features of Yappn will be its ability to instantly translate comments in almost 70 languages,
allowing people from around the world to view a conversation in their native language
independently of what others see in their own language. This revolutionary system will enable
real-time multiple language conversations to co-exist without the “fracturing” that comes as a
result of many people posting in multiple languages to a single chat area.
In addition to the key multiple-language and interest based platform, Yappn will have an
extensive “gamification” system allowing users to earn and spend “Yappn Coins” and earn
badges and awards for participation in selected events.
Consumers and businesses are encouraged to sign up for the Yappn beta program and can
learn more about the platform at www.yappn.com.
Like the Yappn Facebook page and follow Yappn on Twitter: @YappnCorp. About Yappn Corp.
Set to launch in Summer 2013, Yappn (www.yappn.com) will be a place where people can meet, chat,
engage and consume content, individually, in groups and by topic, regardless of the language they speak.
By removing the language barrier, the entire world opens up to an entirely new paradigm of
Yappn, with the power of Ortsbo (www.ortsbo.com), also offers a set of very powerful communication
tools where users can create opportunities to meet, chat, engage and consume in their own virtual
location creating global social engagement for private events and closed networks. Users can also
connect to leading social networks and engage friends and followers on Facebook, Yahoo!, Twitter and
About Intertainment Media Inc.
Intertainment Media (www.intertainmentmedia.com) 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 Yappn, Ad Taffy, itiBiti (KNCTR), Ortsbo, Deal
Frenzy, The Sweet Card and Magnum, with investments in leading edge technologies and social media
platforms including theaudience.com. For more information on Intertainment and its properties, please
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” (TSXV: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”.
email@example.com or Info@intertainmentmedia.com
Forward Looking Information
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preceded by or that include the words “believes,” “expects,” “given,” “targets,” “intends,” “anticipates,”
“plans,” “projects,” “forecasts” or similar expressions, are “forward-looking statements.” Although
Yappn Corp.’s management believes that such forward-looking statements are reasonable, it cannot
guarantee that such expectations are, or will be, correct. These forward-looking statements involve a
number of risks and uncertainties, which could cause the Company’s future results to differ materially
from those anticipated. Additional information regarding the factors that may cause actual results to
differ materially from these forward-looking statements is available in the Company’s filings with the
SEC including the Annual Report on Form 10-K for the year ended May 31, 2012 and each subsequently
filed Quarterly Report on Form 10-Q and Current Report on Form 8-K. The Company assumes no
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information. A description of assumptions used to develop such forward looking information and a
description of risk factors that may cause actual results to differ materially from forward-looking
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company does not undertake to update any forward-looking information except in accordance with
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This release may contain forward looking statements within the meaning of the “safe harbor” provisions of
US laws. These statements are based on management’s current expectations and beliefs and are subject
to a number of risks and uncertainties that could cause actual results to differ materially from those
described in the forward looking statements. Intertainment Media Inc. does not assume any obligation to
update any forward looking information contained in this news release.