Toronto, Ontario & New York, New York / ACCESSWIRE / October 30, 2014 / Intertainment Media Inc. (TSXV: INT) (OTCPINK: ITMTF) (FRA: I4T) ("Intertainment Media" or "Company") is pleased to announce the launch of TranzActive (www.tranzactive.com), which is focused on licensing Intertainment's proprietary language services technologies to start-ups, high growth and emerging corporate online enterprises. TranzActive will provide services that will allow its clients to expand operations into new and global markets.
TranzActive offers its technology to clients and partners via an equity and / or fee for license model to create the opportunity for long-term value. The equity position model allows those organizations to build their global presence without the burden of adding significant resources like staffing and location services, and it gives Intertainment Media the opportunity to acquire long-term returns on its investments.
According to Internet World Stats.com, from 2000 through to 2013, languages other than English have shown the most explosive growth. Today, English is not even in the top 5 growing languages of the internet, with Arabic, Russian, Chinese, Portuguese and Malay showing the highest user language growth. According to the 2011 US Census, over 66 million people in the US do not speak English at home with an estimate of 155 million over the next five years.
Additionally, global Ecommerce is continuing to see explosive growth. According to eMarketer, global B2C Ecommerce sales reached $1.5 Trillion this year which is an increase of 20.1% and by 2015, Asia Pacific will surpass North America as the leading region for Ecommerce sales. It's expected that North America, Asia Pacific and Western Europe will hold approximately 90% of the global Ecommerce market.
Under the TranzActive business model, any additional professional and development services would be contracted out to Yappn Corp. (www.yappn.com). Multilingual contract services would include technology implementation, social integration, catalog development, shopping cart language services and multilingual post-sale customer care.
"We're excited to launch TranzActive to create additional value for Intertainment Media. We are already working with a number of start-ups to provide linguistic and support technologies," said Mr. Anthony R. Pearlman, President and COO Intertainment Media. "The TranzActive program also offers Yappn Corp., one of our key investment properties, the ability to create beneficial revenue opportunities from our client and partner engagement programs."
About TranzActive - www.tranzactive.com
Tranzactive is the Language Service Technology arm of Intertainment Media Inc. Tranzactive provides its global licensed language services technology to facilitate the expansion into new markets for startups, high growth and emerging corporate online enterprises. TranzActive's business model is partner based, allowing organizations to grow their global presence without the burden of a significant addition of resources.
TranzActive is actively partnering with developers, agencies and companies to create global engagement. Based on a review of opportunity, TranzActive offers its technologies on an equity and fee for license basis to create value for the Intertainment Media organization.
TranzActive also partners with Yappn Corp. to offer professional services, product development, online marketing initiatives and other services on a best practices basis.
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 TranzActive, CapThat, theAudience, Lexifone, Shiny Ads and Yappn Corp (www.yappn.com) (OTCQB:YPPN). 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, CA and is listed on the TSX Venture Exchange under the symbol "INT" (TSXV:INT) and in the US under the symbol "ITMTF". Intertainment is also traded in Europe on the Open Market (Regulate Unofficial Market) of the Frankfurt Exchange under the symbol "I4T".
Contact
Mr. Anthony R. Pearlman, COO
[email protected]
Forward Looking Information
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SOURCE: Intertainment Media Inc.