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Message: Intertainment Financing Update

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Intertainment Financing Update

posted on Feb 05, 09 12:07PM

TORONTO, CANADA, February 5, 2009- Intertainment Media Inc. (“Intertainment” or the “Company”) (TSXV:INT) announced today that is has completed its private placement of units of Intertainment as previously announced in the press release dated December 2, 2008 (the “Offering”). Intertainment closed on a total of $875,000 pursuant to the Offering. D&D Securities Company acted as agent to the Offering and received an 8% commission in cash and options to purchase up to 8% of the units sold for a period of 18 months from the date of completion of the Offering.

About Intertainment
Intertainment Media Inc. (www.intertainmentmedia.com) is a conventional and new media company with an experienced and innovative team of professionals focused on delivering leading edge technology and marketing solutions.

Intertainment develops and invests in strategic programs that enable clients to increase their branding and loyalty relationships with their consumers while focusing on increased revenue generation. Intertainment owns, operates and invests in high value content, traffic management, advertising and social networking solutions including, Eye Rock Digital (www.eyerockdigital.com) No Good TV (www.ngtv.com), Trooker Inc. (www.trooker.com), and Itibiti Systems (www.intertainmentmedia.com/itibiti/p... ). Intertainment Media Inc. is headquartered in Richmond Hill, Ontario, Canada. The company is listed on the Toronto Venture Exchange (symbol: INT).

This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. 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 regulations. We do not undertake any duty to update any forward-looking statements.

Corporate Inquiries:
David Lucatch, CEO
905-763-3510

Investor Communications:
Buchalter Consulting
1-866-631-6537
Stan.Buchalter@BuchalterConsulting.ca

Online Investor Relations Hub:
AGORACOM
INT@Agoracom.com
www.agoracom.com/IR/intertainment



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