Toronto, Ontario and New York, New York--(Newsfile Corp. - November 21, 2016) - Intertainment Media Inc. (TSXV: INT) (OTC Pink: ITMTF) (FSE: I4T) ("Intertainment" or the "Company") announces 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. The Board of Directors would like to thank Mr. McCannell for his contributions to Intertainment and wish him well in his other existing business opportunities.
Cautionary Note
The Company is currently in a difficult financial position and shares of the Company have been cease traded effective November 3, 2016 as a result of the Company failing to file its audited annual financial statements for the financial year ending June 30, 2016, its related management's discussions and analysis and accompanying CEO and CFO certificates.
Contact
For further information on the Company please contact:
info@intertainmentmedia.com
Forward-Looking Statements
This news release contains certain "forward-looking information" within the meaning of such statements under applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Actual timelines associated may vary from those anticipated in this news release and such variations may be material. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulators. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on this forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
