TORONTO, ONTARIO — (Marketwired) — 11/12/14 — The Intertain Group Limited (“Intertain” or the “Company”) (TSX: IT) is pleased to announce its financial results for the three and nine months ended September 30, 2014 and highlights for Q3. All amounts are stated in Canadian dollars unless otherwise noted.
Financial Highlights:
Q3 and Subsequent Highlights:
“Our Q3 performance is in line with our committed strategy of organic and acquisitive growth. Our Mandalay Media business continues to see performance that exceeds expectations across key performance indicators and InterCasino gross gaming revenues are improving as a result of strategic and focused marketing.” said John FitzGerald, President and CEO of Intertain. “We are also making substantial progress with respect to our Vera&John acquisition and anticipate closing by the end of 2014. We continued to see numerous, strategic and accretive acquisition opportunities that we hope to capitalize on in the coming months.”
To support the acquisition strategy going forward, both management and the board of Intertain will exercise all their $5.00 warrants, which have an expiry of December 31, 2015, as well as their $7.75 warrants.
EBITDA Reconciliation:
Adjusted Net Income Reconciliation:
2014 Third Quarter Financial Statements and Management–s Discussion and Analysis
The financial statements, notes to the financial statements and Management–s Discussion and Analysis for the three and nine months ended September 30, 2014, will be available on the SEDAR website at .
2014 Third Quarter Conference Call
Intertain will host a conference call with members of the investment community to discuss its 2014 third quarter results on Thursday, November 13, 2014 at 8:00 a.m. ET.
To participate, please dial (647) 788-4991 or (877) 269-7305 10 minutes prior to the scheduled start of the call. A replay of the conference call will be available until November 27, 2014 by dialing (800) 585-8367 or (416) 621-4642 and using reference number 27301977.
About The Intertain Group Limited
Intertain is an online gaming company that provides entertainment to a global consumer base. Intertain currently offers casino, bingo and poker games to its customers using the InterCasino, InterPoker, Costa and other brands. The InterCasino and InterPoker gaming platform is supplied by Amaya Gaming Group Inc. and its bingo offering operates off of the Dragonfish platform, a leading bingo software service provided by 888 Holdings plc.
Disclaimer in Regards to Forward-Looking Statements
Certain statements included herein, including those that express management–s expectations or estimates of our future performance constitute “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward-looking statements. Except as required by law, the Company does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. Additional information identifying risks and uncertainties is contained in Intertain–s filings with the Canadian securities regulators, available at .
Contacts:
The Intertain Group Limited
Rob Chalmers
647-402-7552
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