VANCOUVER, Feb. 27, 2012 /CNW/ - Intelimax Media Inc. ("Intelimax" or the "Company") (OTC: IXMD) (CNSX: IMD) has announced
the termination of its registration under the U.S. Securities Exchange
Act of 1934.
Management determined that to comply with the U.S. reporting obligations
would result in incurring considerable expenses, and that such expenses
were not justified given the lack of continuing investor interest from
the U.S. The Company's management has focused its efforts on the
Company's new listing on the Canadian National Stock Exchange (CNSX)
and is encouraged by the institutional investment interest on the
Consequently, on February 27, 2012, the Company filed a Form 15 to
terminate the registration of its common stock under section 12(g) of
the Securities Exchange Act and its reporting obligations under the
Act. As a result, the Company's common stock is no longer quoted in the
OTCQB but is quoted in the U.S.A. on the OTC Pink tier of the OTC
market under the symbol "IXMD".
The Company's common shares continue to trade in Canada on the CNSX
under the symbol "IMD".
About Intelimax Media Inc.
Intelimax Media Inc. (www.intelimax.com) is an Internet media services company focusing on fantasy sports,
online games, social media and web content. Using its' proprietary
Social Media Platform, Intelimax offers fantasy sports and subscription
based gaming on its web properties DraftTeam.com and Gamboozle.com.
For and on behalf of the board of Intelimax Media Inc.,
Glenn Little, President & CEO
Forward Looking Statements:
Except for historical information contained herein, the matters set
forth above may be forward-looking statements that involve certain
risks and uncertainties that could cause actual results to differ from
those in the forward-looking statements. Words such as "anticipate,"
"believe," "estimate," "expect," "intend" and similar expressions, as
they relate to Intelimax or its management, identify forward-looking
statements, and include, without limitation, statements relating to the
ability of Intelimax to increase its exposure to the Canadian brokerage
community, private investors and their ability to invest through RRSP's
and TFSA's in Canada. Such forward-looking statements are based on the
current beliefs of management, as well as assumptions made by and
information currently available to management. Actual results could
differ materially from those contemplated by the forward-looking
statements as a result of certain factors such as the level of business
and consumer spending, the amount of sales of Intelimax's products, the
competitive environment within the industry, the ability of Intelimax
to continue to expand its operations, the level of costs incurred in
connection with Intelimax's expansion efforts, economic conditions in
the industry and the financial strength of Intelimax's customers and
suppliers. Intelimax does not undertake any obligation to update such
forward-looking statements. Investors are also directed to consider all
other risks and uncertainties.
Neither the CNSX Exchange nor its regulations services accepts
responsibility for the adequacy or accuracy of this release.
SOURCE Intelimax Media Inc.
For further information:
Phone: 1-866-742-0121 Email: IR@Intelimax.com