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| Home : Intertainment Media Completes Sale of Yappn Assets to Yappn Corp. |
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Mar 29
2013 |
Intertainment Media Completes Sale of Yappn Assets to Yappn Corp. |
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TORONTO, CANADA and NEW YORK, NEW YORK--(Marketwire - March 28, 2013) - Intertainment Media Inc. ("Intertainment") (TSX VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) and Yappn Corp. (formerly named Plesk Corporation) (OTCBB:PSKC) are pleased to announce the completion of Intertainment's sale of its Yappn assets to New York based Yappn Corp. As previously announced on March 8, 2013, Intertainment has received 70 million common shares of Yappn Corp. as consideration for the transaction. Under its previously announced partnership program, Intertainment will control a minimum of 60% of the received shares of Yappn Corp. The existing shareholders of Yappn Corp. will control approximately 30 Million shares. |
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| Source:http://www.marketwire.com/mw/release.do?id=1773312&sourceType=3 |
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