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Synchronica signs Letter of Intent with Intertainment Media.

By BFN News | 09:47 AM | Wednesday 08 February, 2012

Synchronica has signed a Letter of Intent with Intertainment Media. Synchronica, a provider of next-generation mobile messaging services and Intertainment Media intend to integrate Synchronica's flagship messaging platform, Mobile Gateway, with Intertainment Media's Ortsbo experiential language technology. This will enable Mobile Gateway to provide its users with seamless and real-time translation between more than 50 languages potentially across Synchronica's growing client base of over 100 mobile operators and device manufacturers around the world. In addition, Synchronica will enter a joint venture agreement with Intertainment Media and its subsidiary Ortsbo Inc., in which the parties will license their respective Intellectual Properties to a new subsidiary. The subsidiary, which will be jointly-owned by both parties, will allow Synchronica and Intertainment Media to further develop each other's products, share R&D efforts, enlarge each other's business development activities and drive revenue and profitability for both companies from new projects. At 9:47am: (LON:SYNC) share price was +0.38p at 13.25p Story provided by

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