Savers Plus International Inc. ("Savers" or the "Company")(TSX VENTURE: SAV) announced that it is proposing to change its name to Intertainment Media Inc.
As a developer of proprietary marketing platforms that build Brand, Loyalty and Revenues for our clients, the Company has been shifting its focus to the development of online programs. The Company feels that the current name Savers Plus International Inc. does not accurately reflect the dynamic activities of the Company.
"There has been a tremendous surge in online activities, and the Company is primarily engaged in building dynamic platforms for our customers and ourselves. With the very successful launch of the Eye Rock Digital Network, we feel that it is time for the Company to change its name to reflect the new energy and excitement of our business," said David Lucatch, President and CEO.
The Company has verified the availability, and reserved the name Intertainment Media Inc. with the TSX Venture Exchange and will be holding a special shareholders meeting on or about April 10, 2007 to garner approval from its shareholders.
Once shareholder approval is received, the Company will formally announce the name change of the publicly listed company and new trading symbol.
About Savers Plus International Inc. / Intertainment Media Inc. (proposed)
The Company and its divisions, provide proprietary programs for clients to build Brand, Loyalty and Revenues.
Working with industry leading firms in the financial sector, real estate, insurance, media, telecommunications, entertainment, electronic gaming, travel, automotive and services sectors, the Company initiates proprietary business building solutions that increase customer activity and strengthen customer-vendor relationships.
The Company maintains a fully integrated creative, web, technology and graphics production facility to service its growing client base, and works with company owned and managed systems with vendors throughout North America and Europe. The Company developed proprietary technologies for managing these programs and manufacturing its offerings.
The Company's wholly owned US subsidiary Eye Rock Digital Inc. (www.eyerockdigital.com), is a leading edge provider of video on demand, digital content, distribution, advertising and production. Eye Rock Digital aggregates and creates digital content aimed at the young, hip and technologically savvy young adult market. Eye Rock Digital develops programming for simultaneous delivery over broadband and wireless platforms.
Savers Plus International Inc. is headquartered in Richmond Hill, Ontario, Canada. Its shares trade on the TSXV (symbol: SAV).
This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not undertake any duty to update any forward-looking statements.
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Contacts: Savers Plus International Inc. (Corporate Inquiries) David Lucatch CEO (905) 763-3510 Website: www.saversplus.com
CHF Investor Relations (Investor Relations) Jan Moir Vice President (416) 868-1079
AGORACOM Email: SAV@Agoracom.com Website: www.agoracom.com/IR/saversplus
SOURCE: Savers Plus International Inc.