iEntertainment Network Inc.

Cary, NC, USA

For the year ending December 31, 2019

======================

Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines

iEntertainment Network, Inc.

100 Club Drive, Suite 203

Burnsville, North Carolina 28714-3178

_______________________________

919-238-4090

https://corporate-ient.com/

CustomerService@IENT.com

3994

Annual Report

For the Period Ending: 12/31/2019

(the "Reporting Period")

As of December 31, 2018, the number of shares outstanding of our Common Stock was: 130,758,810

As of September 30, 2019, the number of shares outstanding of our Common Stock was: 130,758,810

As of December 31, 2019, the number of shares outstanding of our Common Stock was: 130,758,810

Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of 1933 and Rule 12b-2 of the Exchange Act of 1934):

Yes: ☐ No: ☒

Indicate by check mark whether the company's shell status has changed since the previous reporting period:

Yes: ☐

No: ☒

OTC Markets Group Inc.

OTC Pink Basic Disclosure Guidelines (v3.1 June 24, 2021)

Page 1 of 21

Indicate by check mark whether a Change in Control1 of the company has occurred over this reporting period:

Yes: ☐

No: X

  1. Name and address(es) of the issuer and its predecessors (if any)

In answering this item, provide the current name of the issuer any names used by predecessor entities, along with the dates of the name changes.

SP Enterprises, Inc. from June 16th 1994 to March 1996 Interactive Magic, Inc. from July 1st 1998 to December 30th 1999 iEntertainment Network, Inc. from December 30th, 1999 to Present

The state of incorporation or registration of the issuer and of each of its predecessors (if any) during the past five years; Please also include the issuer's current standing in its state of incorporation (e.g. active, default, inactive):

North Carolina - Active

Describe any trading suspension orders issued by the SEC concerning the issuer or its predecessors since inception:

None

List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:

None

The address(es) of the issuer's principal executive office:

100 Club Dr., Suite 203, Burnsville, North Carolina 28714-3178

The address(es) of the issuer's principal place of business:

Check box if principal executive office and principal place of business are the same address: ☒

Has the issuer or any of its predecessors been in bankruptcy, receivership, or any similar proceeding in the past five years?

Yes: ☐

No: ☒

1 "Change in Control" shall mean any events resulting in:

  1. Any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becoming the "beneficial owner" (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company's then outstanding voting securities;
  2. The consummation of the sale or disposition by the Company of all or substantially all of the Company's assets;
  3. A change in the composition of the Board occurring within a two (2)-year period, as a result of which fewer than a majority of the directors are directors immediately prior to such change; or
  4. The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation.

OTC Markets Group Inc.

OTC Pink Basic Disclosure Guidelines (v3.1 June 24, 2021)

Page 2 of 21

If this issuer or any of its predecessors have been the subject of such proceedings, please provide additional details in the space below:

None

2)

Security Information

Trading symbol:

IENT

Exact title and class of securities outstanding:

Common Stock

CUSIP:

45838M104

Par or stated value:

.10

Total shares authorized:

180,000,000as of date: 12/31/2019

Total shares outstanding:

130,758,810

as of date: 12/31/2019

Number of shares in the Public Float2:

40,567,000

as of date: 12/31/2019

All additional class(es) of publicly traded securities (if any):

Trading symbol:

None

Exact title and class of securities outstanding:

CUSIP:

Par or stated value:

Total shares authorized:

as of date:

Total shares outstanding:

as of date:

Transfer Agent

Name:

iEntertainment Network Inc.

Phone:

919-238-4090

Email:

CustomerService@IENT.com

Address:

100 Club Drive, Suite 203, Burnsville, NC, 28714

Is the Transfer Agent registered under the Exchange Act?3 Yes: ☐

No: ☒

  1. Issuance History
  1. "Public Float" shall mean the total number of unrestricted shares not held directly or indirectly by an officer, director, any person who is the beneficial owner of more than 10 percent of the total shares outstanding (a "control person"), or any affiliates thereof, or any immediate family members of officers, directors and control persons.
  2. To be included in the Pink Current Information tier, the transfer agent must be registered under the Exchange Act.

OTC Markets Group Inc.

OTC Pink Basic Disclosure Guidelines (v3.1 June 24, 2021)

Page 3 of 21

The goal of this section is to provide disclosure with respect to each event that resulted in any direct changes to the total shares outstanding of any class of the issuer's securities in the past two completed fiscal years and any subsequent interim period.

Disclosure under this item shall include, in chronological order, all offerings and issuances of securities, including debt convertible into equity securities, whether private or public, and all shares, or any other securities or options to acquire such securities, issued for services. Using the tabular format below, please describe these events.

No changes in the last two years.

  1. Changes to the Number of Outstanding Shares

Check this box to indicate there were no changes to the number of outstanding shares within the past two completed fiscal years and any subsequent periods: ☐

Shares Outstanding as of Second Most Recent

Fiscal Year End:

*Right-click the rows below and select "Insert" to add rows as needed.

Opening Balance

Date 12/31/2019

Common:130,758,810

Preferred: 0

Date of

Transaction

Number of

Class of

Value of

Were the

Individual/ Entity

Reason for share

Restricted or

Exemption

Transaction

type (e.g. new

Shares

Securities

shares

shares

Shares were

issuance (e.g. for

Unrestricted

or

issuance,

Issued (or

issued

issued at

issued to

cash or debt

as of this

Registration

cancellation,

cancelled)

($/per

a discount

(entities must

conversion)

filing.

Type.

shares

share) at

to market

have individual

-OR-

returned to

Issuance

price at

with voting /

Nature of

treasury)

the time

investment

Services

of

control

Provided

issuance?

disclosed).

(Yes/No)

None

None

None

Shares Outstanding on Date of This Report:

Ending Balance:

Date 12/31/2019

Common: 130,758,810

Preferred: 0

Example: A company with a fiscal year end of December 31st, in addressing this item for its quarter ended June 30, 2021, would include any events that resulted in changes to any class of its outstanding shares from the period beginning on January 1, 2019 through June 30, 2021 pursuant to the tabular format above.

Use the space below to provide any additional details, including footnotes to the table above:

In 2018 two new shareholders were added who invested a total of:$75.000 and were giving 974.026 IENT Shares at $ .077 per share.

OTC Markets Group Inc.

OTC Pink Basic Disclosure Guidelines (v3.1 June 24, 2021)

Page 4 of 21

A. Debt Securities, Including Promissory and Convertible Notes

Use the chart and additional space below to list and describe all outstanding promissory notes, convertible notes, convertible debentures, or any other debt instruments that may be converted into a class of the issuer's equity securities.

Check this box if there are no outstanding promissory, convertible notes or debt arrangements: ☐

Date of Note

Outstandin

Principal

Interest

Maturity

Conversi

Name of

Reason for

Issuance

g Balance

Amount at

Accrued

Date

on

Noteholder

Issuance (e.g.

($)

Issuance

($)

Terms

(entities must have

Loan, Services,

($)

(e.g.

individual with

etc.)

pricing

voting / investment

mechani

control disclosed).

sm for

determin

ing

conversi

on of

instrume

nt to

shares)

10/4/18

$85.000

$85,000

$10,200

Oct 21

None

Denise Stealey

Development

Loan

4/4/18

$30,000

$30,000

$36,000

4/4/21

None

Michael Ross

Development

Loan

4/4/18

32,500

32,500

$3,900

4/4/21

None

Barry Bearden

Development

Loan

10/18/19

$30,000

$30,000

$4,200

10/18/22

None

Jamie Gill

Development

Loan

11/7/17

$25,000

$25,000

$3,000

11/7/20

None

Jay John

Development

Sampson

Loan

11/20/17

$50,000

$50,000

$6,000

11/20/20

None

Steve Jacobs

Development

Loan

8/2/2019

$150,000

$150,000

None

8/2/2029

None

MicroProse Ltd.

Joint Venture

David Lagettie

CEO

Use the space below to provide any additional details, including footnotes to the table above:

OTC Markets Group Inc.

OTC Pink Basic Disclosure Guidelines (v3.1 June 24, 2021)

Page 5 of 21

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iEntertainment Network Inc. published this content on 20 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2021 21:49:09 UTC.