1175286 Ontario Inc. signed a binding letter of intent to acquire Magnum Fine Commercial Printing Limited from Intertainment Media Inc. for CAD 1.5 million.

Intertainment Media Inc. is a technology incubator. The Company focuses on developing, nurturing and investing in both North American and global technologies and companies that provide technology solutions for brands and consumers alike. The Company focuses on its investment portfolio. It has equity investments in technologies and social media platforms, including Yappn Corp. (Yappn), Lexifone Communications Systems (2010) Ltd. (Lexifone) and Active ImageNation Inc. Yappn provides an end-to-end multilingual e-commerce solution for companies of various through Windrose Global Ecommerce framework (WGE). WGE's suite includes various tools for multilingual marketing, shopping and customer support. Lexifone offers an in-call interpretation service. Active ImageNation Inc. offers Cap That, a technology platform that allows consumers, studios and professionals to capture and manipulate video for creating images that can be shared socially and commercially printed on a range of products.