August 23, 2017 7:16 AM ET

Internet Software and Services

Company Overview of Intertainment Media Inc.

Company Overview

Intertainment Media Inc. engages in developing, nurturing, and investing in technologies in North America and internationally. The company also invests in social media platforms, which provide solutions for brands and consumers. It offers technology consulting solutions to clients and partners; and windrose global ecommerce framework comprising tools for multilingual marketing, shopping, and customer support that provide end-to-end multilingual ecommerce solutions for companies. The company is headquartered in Markham, Canada.

80 Tiverton Court

Suite 100

Markham, ON L3R 0G4


Key Executives for Intertainment Media Inc.

Age: 41
Total Annual Compensation: C$104.2K
Compensation as of Fiscal Year 2015.

Intertainment Media Inc. Key Developments

Intertainment Media Inc. Announces Resignation of Craig McCannell as Chief Financial Officer

Intertainment Media Inc. announced that Craig McCannell has resigned as Chief Financial Officer of the company allowing more of his time to focus on other existing business opportunities. The company will be conducting a search for a new CFO, however, in the interim Mr. McCannell will remain as a consultant to the company to provide assistance and his expertise as the company investigates strategic alternatives.

Intertainment Media Considers Strategic Alternatives

Intertainment Media Inc. (TSXV:INT) is investigating all strategic alternatives and will file updated press releases as and when it has information to report.

Intertainment Media Inc. Secures Bridge Loan

Intertainment Media Inc. announced that it has secured a bridge loan in the aggregate principal amount of $107,000 from certain arm's length parties to the Company (the "Lenders") bearing interest at a rate of 1.0%, accruing monthly and payable upon the earlier of September 19, 2017 or upon demand by the Lenders. The Corporation is in the process of securing additional loans in the amount of up to a maximum principal amount of $300,000. As security for the payment of the Company's obligations and for the fulfilment and satisfaction of all covenants and agreements made, the Company has entered into a general security agreement with the Lenders pursuant to which the Company has granted the Lenders security interest, which security is subordinated to the existing secured indebtedness of the Company, in respect of all of the Company's present and after acquired property.

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