October 25, 2016 10:33 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.

Chief Financial Officer
Age: 40
Total Annual Compensation: C$104.2K
Compensation as of Fiscal Year 2015.

Intertainment Media Inc. Key Developments

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.

Intertainment Media Inc. Announces Management Changes

Intertainment Media Inc. announced that Mr. Anthony Pearlman, president and COO of the company, has left the company. Mr. Wayne Parsons, the CEO of the company, will be taking on all responsibilities that were previously handled by Mr. Pearlman.

Intertainment Media Inc., Annual General Meeting, Aug 29, 2016

Intertainment Media Inc., Annual General Meeting, Aug 29, 2016, at 10:00 US Eastern Standard Time. Location: Gowling WLC (Canada) LLP, 1 First Canadian Place 100 King Street West, Suite 1600 Toronto, Ontario, M5X 1G5 Canada Agenda: To receive and consider the audited financial statements of the corporation for the financial year ended June 30, 2015 and the report of the auditor thereon; to fix the number of directors of the corporation to be elected at the meeting at three; to elect the board of directors of the corporation for the ensuing year; to propose appointment of the auditor of the corporation for the ensuing year and to authorize the board of directors to fix the auditor's remuneration; to consider and approve the ordinary resolution, to the re-approval of the stock option plan of the corporation for the ensuing year; to consider and pass, authorizing and approving the consolidation of the issued and outstanding common shares of the corporation on the basis of one new common share for up to every ten common shares issued and outstanding immediately prior to the consolidation; and to transact such other business as may be properly brought before the meeting or any adjournment thereof.

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