Intertainment Media Subsidiary Ortsbo to Receive $2 Million in Equity From Yappn for IP Rights Exercise

TORONTO, CANADA and NEW YORK, NEW YORK--(Marketwired - May 5, 2014) - Intertainment Media Inc. ("Intertainment Media" or "Company") (TSX VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) is pleased to announce that Yappn Corp. (OTCQB:YPPN) ("Yappn") has agreed to purchase a copy of the Ortsbo Inc. ("Ortsbo") source code for its language services platform. Yappn provides real-time language services that allows members of the global community to communicate online, conduct eCommerce and facilitate customer services across nearly 70 language

Under the terms of Yappn's licensing agreement with Ortsbo and amendment for Yappn to purchase source code for its specific purposes, Yappn has agreed to pay Ortsbo, USD$2 Million in restricted Yappn common stock at an agreed upon price of USD$0.15 per share, or 13,333,333 restricted common shares of Yappn Corp to exercise the source code purchase option. In addition, Yappn will retain first right to purchase part or all of Ortsbo as per its agreement. As recently announced on February 27, 2014, Ortsbo completed an equity transaction that provided for the conversion of approximately CDN$3.425 Million of unsecured debt into common shares of its subsidiary Ortsbo Inc. priced at an enterprise value of USD$50 Million for Ortsbo Inc.

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 and has investments in leading edge technologies and social media platforms, including Magnum, Ortsbo, CapThat, theAudience, Lexifone, Shiny Ads and Yappn Corp. 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 and Los Angeles is listed on the TSX Venture Exchange under the symbol "INT" (TSX VENTURE:INT) and in the US on the OTC Market under the symbol "ITMTF". Intertainment is also traded in Europe on the Open Market (Regulated Unofficial Market) Frankfurt Exchange under the symbol "I4T".

About Yappn Corp. - www.yappn.com

Yappn Corp. (OTCQB:YPPN) is a real-time language services company that amplifies brand messaging, helps conduct eCommerce and provides customer support by globalizing these experiences with its proprietary approach to language. Through its Real Time Multilingual Amplification platform, Yappn eliminates the language barrier, allowing the free flow of communications in nearly 70 languages. Yappn has developed cost effective unique and proprietary technology tools and services that create dynamic solutions that enhance a brands messaging, media, e-commerce and support platforms.