Intelimax Media technology approved for SR&ED refund and tax credit

VANCOUVER, Nov. 4 Intelimax-SR&ED
VANCOUVER, Nov. 4 /PRNewswire-FirstCall/ - Intelimax Media Inc. ("Intelimax" or the "Company") (OTCBB:IXMD) is pleased to announce that expenditures on its' "social search engine" technology have been approved by the Canada Revenue Agency (CRA) for the Scientific Research and Experimental Development (SR&ED) cash refund and tax credit. The funds made available from the SR&ED tax credit will be used to further develop proprietary Intelimax technologies and software that can generate revenues from these new growing market sectors and trends.
"The approval of the SR&ED tax credit further validates the effort spent on research and development on our proprietary social search engine technology. While the technology is not yet commercially ready, we will be launching it soon on both Gamboozle.com and Climateseek.com", said Charles Green, CEO.
"When launched, we expect our social search technology to be the first to merge online search with social networking, providing users with peer validated listings, creating socially approved results," stated Green. "A unique feature to our engine is that it can be plugged into 3rd party search engines and use their existing results. Our system can use Google(TM) or Yahoo(TM) results while using the Intelimax social search technology. By using these existing results we can begin with a database of millions of listings and not compete with the established brands in the sector to gain market share. Instantly, we will have the listings of the major search engines without having to spend the time or money to develop these results."
"Currently, 67% of all Internet traffic comes from social networks. Some social networks have a larger population than large countries i.e.Facebook has 175 million users, Windows Live Spaces has 120 million and MySpace has106 million. These are huge markets, hundreds of millions of users, we can instantly access through the integration of our social search system," Green added.

About Intelimax Media Inc.

Intelimax Media Inc. (www.intelimax.com) is a diversified Internet services company focusing on online games, web content and advertising. Using its' proprietary gaming and PPC listing platforms, Intelimax has released its own proprietary web properties and social network applications. The core Intelimax web properties are www.gamboozle.com and www.climateseek.com.

About the SR&ED Program

The Scientific Research and Experimental Development (SR&ED) program is a federal tax incentive program to encourage Canadian businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada that will lead to new, improved, or technologically advanced products or processes. The SR&ED program is the largest single source of federal government support for industrial research and development. The SR&ED program gives claimants cash refunds and/or tax credits for their expenditures on eligible R&D work done in Canada.

Forward-Looking Statements:

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Intelimax Media Inc.'s filings with the United States Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.

SOURCE Intelimax Media Inc.