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Intelimax enters into a securities exchange agreement with Ride Media Group LLC

 Intelimax enters into a securities exchange agreement with Ride Media Group LLC  VANCOUVER, Nov. 14, 2012 /CNW/ - Intelimax Media Inc. ("Intelimax" or the  "Company") (CNSX:IMD) (OTCPink:IXMD) is pleased to announce the Company has  entered into a securities exchange agreement (the "Agreement") with Ride Media  Group LLC ("Ride Media"), a California limited liability company, and the  members of Ride Media (the "Members"), being Hardave Gill through his holding  company, Christine Buckley, Charles Champion and Gary Sproule. Pursuant to  the terms of the Agreement, the Company will acquire all of the issued and  outstanding membership units (the "Membership Units") of Ride Media in  consideration for the issuance of 12,000,000 common shares of the Company to  the Members, pro rata their interest in Ride Media. On closing, Ride Media  will become a wholly-owned subsidiary of the Company.  It is a condition of closing that the Company raise a minimum of $1,000,000 in  new funding for the Company and that a nominee of the Members', acceptable to  the Company and applicable regulators, be appointed to the Board of Directors  of the Company. It is a further condition of closing that the employers of  the Members enter into a consulting agreement with the Company pursuant to  which the Members will provide consulting services for a period of 12 months  in order to assist the Company in developing and advancing the Ride Media  technology and assets. Closing is expected to occur on or before December 21,  2012. At closing, a finder's fee will be paid in connection with this  transaction.  The RIDE Media Platform:  The RIDE Media platform referred to as "Racing's Integrated Digital  Experience" (RIDE) is a multi-media interactive content-aggregator platform  that aggregates a large number of sports and horse-racing applications,  including websites and media content, into a user friendly, pre-populated but  highly customizable user interface. The RIDE platform is a unique solution to  grow and expand the Horse Racing Industry by attracting and engaging a more  diversified fan base with respect to age, ethnicity and income levels.  RIDE content will be displayed more dynamically by simultaneously showcasing  live and on-demand rich video content, social media, real time news, event  updates, data, games, websites, photos, charts and graphs all on a single  display screen on various types of devices. RIDE will be highly customizable  by the user, and will feature a dynamic user interface that will appeal to  savvy, youthful users.  RIDE will initially focus on Horse Racing Industry Associations' proprietary  databases to acquire new customers, using a "Customer Referral Fee" program to  create economic incentives for the Associations to participate in the  program. RIDE offers three potential revenue streams including Sponsorship  and Advertising, Transactional Revenue and Customer Referral Fees from the  Advance Deposit Wagering (ADW). The RIDE platform is also easily transportable  to other sports, media and business verticals with minimal additional  infrastructure or software development costs.  The RIDE project scope is to develop a cross platform  (Desktop/TouchScreen/Tablet) application to launch as Racing's fully  Integrated Digital Experience. RIDE will initially install a pre-populated  "Novice Fan" level dashboard and will evolve into an instantly scalable  "racing centric" platform with the ability to grow with the user as their  desire grows for more content, more knowledge and more tools. At the same  time RIDE will satisfy the "Sophisticated Racing Fan" by providing direct  access to all elements of racing's extensive network of information, content  and handicapping tools delivered to user devices in a highly customizable  platform.  Over the next several months, RIDE will roll out its platform in three  phases. Phase I will initially target the North American Thoroughbred Racing  Industry. Phase II will roll-out to the International Racing community and  Phase III will roll out to other pari-mutuel racing breeds  (Standard-bred/Harness, Greyhound and Quarter-horse).  "We are extremely excited about the proposed acquisition of RIDE Media", said  Michael Young, President of Intelimax. "The addition of RIDE will complement  the Company's existing Fantasy Sports platform, while offering its members new  and exciting entertainment options. Conversely, the inclusion of fantasy  sports and gaming content will appeal to the horse racing fan's demographic  profile and will provide cross-over entertainment, referral fee and  supplemental marketing opportunities for Intelimax."  The Ride Media Group LLC Members:  Charles F. Champion  Managing Partner - Paladin Capital Partners, LLC  Chuck Champion founded Paladin Capital Partners after successful engagements  as Chairman and Chief Executive Officer of several U.S. publicly traded  companies. An accomplished C-suite executive with experience in the media and  gaming industries, Champion's business clients benefit from an extensive  background in revenue and customer expansion. He has widely lectured on the  use of social media in player development and has been recognized as a forward  thinking strategic executive in the convergence of gaming, media, and gambling.  Mr. Champion was responsible for leading Youbet.com from a company on the  brink of financial failure to the largest and most successful advanced deposit  wagering company in the U.S. horse racing industry. From 2002 to 2007, he  transformed its Internet operations, repositioned its content offerings,  branded its unique service and reward components, and solidified its relations  with race content providers. Under his leadership,Youbet.com had more than  three years of consecutive double-digit growth in gross revenue. Youbet,  founded in 1997, exceeded $750 million in wagers processed in 2007. More than  90% of the total was wagered after Champion took over as CEO in 2002.  Prior to joining Youbet, Mr. Champion was president and publisher of the  Internet's Access Magazine, where he increased circulation threefold in two  years. He was senior vice president of circulation and marketing for the  Philadelphia Inquirer from 1995-98 and was responsible for halting significant  circulation declines. As Executive Vice President of the Chicago Sun-Times  from 1990-95 he improved EBITDA significantly and help position the company  for a successful recapitalization and sale. He had similar accomplishments  serving in executive level positions with the Los Angeles Daily News and  Freedom Newspapers, the publisher of the Orange County Register. .  Gary Sproule Operating Partner - Paladin Capital Partners, LLC  Mr. Sproule has a "classic" CFO background with deep experience in accounting,  finance, treasury, SEC financial reporting, tax, budgets, strategic planning  and SOX. As important, he has a strong operations orientation having served  as chief operating officer at several companies. The combination makes him a  valuable asset for companies and/or investors looking to significantly improve  shareholder value in turnaround, restructuring or strategic scaling situations.  Mr. Sproule's professional accomplishments include:        --  Completed a major turnaround of 76 Products, a global retail         business, and scaled the business creating $1.2 billion in         shareholder value over a three-year period.     --  Scaled Mobile Messenger, a mobile products company, increasing         EBITDA from $6 million to $18 million over a 12-month period.     --  Completed a deep turnaround and subsequently scaled         Youbet.com, a public         Internet gaming company, increasing the market value from $8         million to over $185 million.     --  Developed, implemented a turnaround strategy for Disney         Interactive Studios, an interactive game developer/publisher,         resulting in a 20 % increase in annual EBITDA.     --  Negotiated and completed over $10 billion in financings, and         completed $5 billion in M&A transactions at UNOCAL, a Fortune         50 earth resource company.  Mr. Sproule has completed financial transactions involving private placements,  public master limited partnerships, and secondary public offerings. He has  installed corporate structure programs for companies anticipating liquidity  events and implemented performance based management systems to create cultures  of accountability and performance.  Mr. Sproule completed the Executive Management Program at Northwestern  University, earned an MBA from Eastern Michigan University and a BA from the  University of Wisconsin.  Hardave Gill Mr. Gill has been involved in the pari-mutuel racing industry for  more than 30 years developing and delivering unique solutions for on-track and  on-line products and services. A background in traditional racing technology  services including video production, post-production for simulcast  distribution, photo finish services, digital timing and tracking systems,  along with new media production, user interface development and global content  distribution networks experience, has provided Mr. Gill with a unique vision  for technology based racing and gaming services.  Mr. Gill is a successful entrepreneur having founded and operated several  companies in the media and racing industries including Post Time Technologies,  Bettor Solutions and Post Time Productions.  Mr. Gill has been successful in introducing technology solutions to the racing  industry by partnering with companies such as the Jockey Club's Equibase and  TrackMaster, Daily Racing Form and other on-line media outlets, along with  major racing associations such as NYRA, Churchill Downs Inc. and Magna  Entertainment. Through various organizations Mr. Gill has also worked  closely with racing related entities at numerous racetracks and casinos  throughout North and South America, Asia and the Caribbean.  As President and CEO of Post Time Technologies, Mr. Gill built what is  considered by the industry to be the leading developer of technology-based  products and services for the global Pari-Mutuel Racing Industry.  Christine Buckley Christine Buckley has served most recently as consulting COO  for the production house Aubade Creative LLC, where she transitioned the  company model to include digital marketing strategies and social media. For  14 years, she was a top executive with Lakeshore Entertainment Group. As  senior vice president of music and business & legal affairs, Buckley managed  business affairs operations for dozens of films, including the blockbuster  "UNDERWORLD" trilogy and the Oscar-winning "MILLION DOLLAR BABY." A pioneer  in the growing field of product integration, she also negotiated production  agreements, handled all aspects of musical scores and soundtracks, managed  delivery of films to distributors and handled business affairs transactional  work. Before joining Lakeshore, she was executive director of the nonprofit  Ed Garvey Sport Seminars and Institute of Sports Attorneys. A member of the  Illinois State Bar, Buckley received a J.D. from Chicago-Kent College of Law  and a B.A. from the University of Wisconsin-Madison in Advertising. An  inventor who owns a patent for a nationally-distributed yoga rug, she has  served as the vice chair of APECA, a nonprofit dedicated to preserving the  Peruvian Amazon rainforest, and on the Midwest Advisory Board of Best Buddies,  an organization that enhances the lives of individuals with intellectual  disabilities.  The securities issued and sold in the closing of the concurrent financing will  not be registered under the Securities Act of 1933 as amended (the "Act"), and  may not be offered or sold in the United States absent registration, or an  applicable exemption from registration, under the Act.  About Intelimax Media Inc.  Intelimax Media Inc. (www.intelimax.com) is an Internet media services company  focusing on fantasy sports, entertainment, social media, advertising and web  content. Using its proprietary Social Media Platform, Intelimax currently  offers daily fantasy sports on its web property DraftTeam.com.  For and on behalf of the board of Intelimax Media Inc.,  Michael Young, President, CFO & Director  Forward Looking Statements:  Except for historical information contained herein, the matters set forth  above may be forward-looking statements that involve certain risks and  uncertainties that could cause actual results to differ from those in the  forward-looking statements. Words such as "anticipate," "believe,"  "estimate," "expect," "intend", "will", "could" and similar expressions, as  they relate to the matters set out in this news release identify  forward-looking statements. Such forward-looking statements are based on the  current beliefs of management, as well as assumptions made by and information  currently available to management as to the outcome and timing of such future  events. Actual results could differ materially from those contemplated by  the forward-looking statements as a result of certain factors such as the  ability of the Company to complete the Ride Media transaction, to complete the  proposed financing in whole or in part or to obtain the required approvals for  the proposed transaction and proposed financing, all in a timely fashion or at  all and general economic conditions and market risks. Intelimax does not  undertake any obligation to update such forward-looking statements. Investors  are also directed to consider all other risks and uncertainties. Because of  the risks, uncertainties and assumptions contained herein, investors should  not place undue reliance on forward-looking information. The foregoing  statements expressly qualify any forward-looking information contained herein.  Neither the CNSX Exchange nor its regulations services accepts responsibility for the adequacy or accuracy of this release.  Investor Relations:  Phone: 1-866-742-1759 Email:IR@Intelimax.com  SOURCE: Intelimax Media Inc.  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/November2012/14/c7873.html  CO: Intelimax Media Inc. ST: British Columbia NI: INTERNET ORDER   -0- Nov/14/2012 23:53 GMT    
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