Internet software developer Intertainment Media Inc. (TSXV:INT) said Thursday it has agreed to buy mobile software and app developer Commobility Inc. – Dominion Lending Centres Clearlease Reports
TORONTO – (April 14, 2011) Dominion Lending Centres Clearlease Reports Internet software developer Intertainment Media Inc. (TSXV:INT) said Thursday it has agreed to buy mobile software and app developer Commobility Inc. for $4.4 million worth of stock.
The company said it has signed a letter of intent to acquire Commobility, which develops applications in real time semantic search, location-based mobile video search as well as real-time communication platforms and large-scale mobile messaging and service delivery platforms.
Under terms of the deal, Intertainment will issue six million shares priced at 74 cents each, subject to final adjustments. Approvals was expected to take up to 60 days.
“The Commobility acquisition gives Intertainment a world class team with the ability to design, develop and commercialize applications in the mobile and portable computing arena regardless of service platform,” Intertainment president and CEO David Lucatch said in a statement.
Intertainment shares have recently risen dramatically in recent months on heavy volumes on the TSX Venture Exchange.
The company has said it’s considering spinning off its language translation software, Ortsbo, as a separate U.S.-listed company.
Ortsbo.com provides real-time translation options in more than 50 languages and is currently designed for use on popular social networking sites such as Facebook and Twitter.
Private U.S. investment firm Lion Gate Capital Inc. has offered to facilitate Ortsbo’s listing on the New York Stock Exchange. Under the terms of Lion Gate’s offer, Intertainment would retain a “significant” ownership stake in Ortsbo after listing the company on the New York Stock Exchange. The company would then consider allowing its shareholders to hold some equity in the new Ortsbo.
Ortsbo.com has been credited as the key driver behind Intertainment’s recently skyrocketing stock prices, prompting speculation that the company could become a takeover target.
There’s also potential for any fast-rising stock, particularly technology companies, to fall dramatically if investors are disappointed by their performance or if they are unable to deliver on the vision that excited interest in the first place.
Early morning trading on the Toronto Stock Exchange saw the company’s shares rise eight cents or 7.6 per cent to $1.13.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
TORONTO – (April 14, 2011) Dominion Lending Centres Clearlease Reports Internet software developer Intertainment Media Inc. (TSXV:INT) said Thursday it has agreed to buy mobile software and app developer Commobility Inc. for $4.4 million worth of stock.
The company said it has signed a letter of intent to acquire Commobility, which develops applications in real time semantic search, location-based mobile video search as well as real-time communication platforms and large-scale mobile messaging and service delivery platforms.
Under terms of the deal, Intertainment will issue six million shares priced at 74 cents each, subject to final adjustments. Approvals was expected to take up to 60 days.
“The Commobility acquisition gives Intertainment a world class team with the ability to design, develop and commercialize applications in the mobile and portable computing arena regardless of service platform,” Intertainment president and CEO David Lucatch said in a statement.
Intertainment shares have recently risen dramatically in recent months on heavy volumes on the TSX Venture Exchange.
The company has said it’s considering spinning off its language translation software, Ortsbo, as a separate U.S.-listed company.
Ortsbo.com provides real-time translation options in more than 50 languages and is currently designed for use on popular social networking sites such as Facebook and Twitter.
Private U.S. investment firm Lion Gate Capital Inc. has offered to facilitate Ortsbo’s listing on the New York Stock Exchange. Under the terms of Lion Gate’s offer, Intertainment would retain a “significant” ownership stake in Ortsbo after listing the company on the New York Stock Exchange. The company would then consider allowing its shareholders to hold some equity in the new Ortsbo.
Ortsbo.com has been credited as the key driver behind Intertainment’s recently skyrocketing stock prices, prompting speculation that the company could become a takeover target.
There’s also potential for any fast-rising stock, particularly technology companies, to fall dramatically if investors are disappointed by their performance or if they are unable to deliver on the vision that excited interest in the first place.
Early morning trading on the Toronto Stock Exchange saw the company’s shares rise eight cents or 7.6 per cent to $1.13.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###Internet software developer Intertainment Media Inc. (TSXV:INT) said Thursday it has agreed to buy mobile software and app developer Commobility Inc. – Dominion Lending Centres Clearlease Reports
TORONTO – (April 14, 2011) Dominion Lending Centres Clearlease Reports Internet software developer Intertainment Media Inc. (TSXV:INT) said Thursday it has agreed to buy mobile software and app developer Commobility Inc. for $4.4 million worth of stock.
The company said it has signed a letter of intent to acquire Commobility, which develops applications in real time semantic search, location-based mobile video search as well as real-time communication platforms and large-scale mobile messaging and service delivery platforms.
Under terms of the deal, Intertainment will issue six million shares priced at 74 cents each, subject to final adjustments. Approvals was expected to take up to 60 days.
“The Commobility acquisition gives Intertainment a world class team with the ability to design, develop and commercialize applications in the mobile and portable computing arena regardless of service platform,” Intertainment president and CEO David Lucatch said in a statement.
Intertainment shares have recently risen dramatically in recent months on heavy volumes on the TSX Venture Exchange.
The company has said it’s considering spinning off its language translation software, Ortsbo, as a separate U.S.-listed company.
Ortsbo.com provides real-time translation options in more than 50 languages and is currently designed for use on popular social networking sites such as Facebook and Twitter.
Private U.S. investment firm Lion Gate Capital Inc. has offered to facilitate Ortsbo’s listing on the New York Stock Exchange. Under the terms of Lion Gate’s offer, Intertainment would retain a “significant” ownership stake in Ortsbo after listing the company on the New York Stock Exchange. The company would then consider allowing its shareholders to hold some equity in the new Ortsbo.
Ortsbo.com has been credited as the key driver behind Intertainment’s recently skyrocketing stock prices, prompting speculation that the company could become a takeover target.
There’s also potential for any fast-rising stock, particularly technology companies, to fall dramatically if investors are disappointed by their performance or if they are unable to deliver on the vision that excited interest in the first place.
Early morning trading on the Toronto Stock Exchange saw the company’s shares rise eight cents or 7.6 per cent to $1.13.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###