Intertainment’s Ortsbo Invests in China Green Channel International

Toronto-based Intertainment Media Inc. announced that its subsidiary, Ortsbo Inc., has made an investment in Hong Kong-based China Green Channel International (CGCI), a Canadian and Beijing joint venture that has signed a partnership agreement with China Education Television for the development, distribution and management of advertising and sponsorship for Western and native Chinese programming focusing on humanities and early child education. This venture guarantees Ortsbo’s rights to provide automated and human-based translation services for the conversion of foreign broadcast content as well as participate in the development of original content for the Chinese television market. Under the terms of the agreement, the parties have agreed that Ortsbo has the right to acquire up to 22% of the total equity of CGCI in the first year for a potential investment of US$2.65 million.