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Intertainment Media Financing Update

posted on Mar 02, 09 01:07PM

TORONTO, CANADA, March 2, 2009- Intertainment Media Inc. (“Intertainment” or the “Company”) (TSXV:INT) announced today that, further to a press release issued December 3, 2008, the offering of up to $3,000,000 worth of Debentures of the Company’s subsidiary, Itibiti Systems Inc. (the “Offering”), did not complete and has expired. No subscriptions were filled pursuant to the Offering. The Company and Itibiti Systems Inc. expect to continue to explore their financing options.

About Intertainment
Intertainment Media Inc. (www.intertainmentmedia.com) is a Rich Media Applications leader, focused on delivering leading edge technology and marketing solutions enabling clients to power enhanced branding, loyalty initiatives and consumer engagement.

Additionally, 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), Itibiti Systems Inc. (www.itibitisystems.com) and Magnum Fine Commercial Printing Limited (www.magnumprinting.com).

Headquartered in Richmond Hill, Ontario, Canada Intertainment Media Inc. 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
905.763.3510
dlucatch@intertainmentmedia.com

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