iseemedia Closes Acquisition of RealBiz360

Toronto, Ontario – June 15, 2006 – iseemedia Inc. (TSX-V: IEE), a technology leader in the development of advanced, rich content creation, adaptation and delivery solutions for web and wireless applications, today announced it has closed  its acquisition of a majority ownership stake in its former joint venture partner, RealBiz360, by way of an asset purchase and license agreement. The acquisition includes RealBiz360.com, a self serve real estate marketing portal that hosts the RealBiz360 High Definition Virtual Tour™ solutions platform, including RealBiz TourBuilder™ and RealBiz WebCreator™.

“As real estate agents and brokers continually look to extend their customer reach, the addition of the RealBiz360 domain name and its extensive database to our portfolio provides us the opportunity to increase utilization of our solution platform and capture new revenue,” said Anthony DeCristofaro, President and CEO of iseemedia.  “We believe this acquisition will help to both advance our market penetration in the real estate industry and support our broader strategy of building greater market awareness of our core content creation, adaptation and delivery solutions.”

About iseemedia

iseemedia Inc. (TSX-V: IEE) is a software company focused on the development of advanced, rich content adaptation and delivery solutions for Web and wireless applications. The Company’s iseemobility 5MXE software platform enables the creation, adaptation, transcoding, management and secure delivery of rich images, including streaming media, or large documents, to any device, anytime, anywhere. iseemedia is focused on the growing demand for a scalable solution that addresses the “create once, publish to many” paradigm.  The Company has a strong global patent portfolio of 39 issued and pending wireless and imaging patents. For more information, please visit the Company’s Web site at www.iseemedia.com.

About RealBiz360

RealBiz360, a subsidiary of iseemedia Inc., RealBiz360.com a web portal, and PicturePath Partner, provide the first self-serve model for Real Estate Professionals that combines both a Website and Virtual Tour Solution. This online solution includes the easy-to-use PhotoVista™ TourBuilder and WebCreator™ applications that enable Real Estate agents to quickly and easily create and manage a professional online marketing presence. For more information, please contact Steve Marques, President, at 1.888.REALBIZ or by email at Stevem@realbiz360.com.

Caution concerning forward-looking statements

This news release may contain forward-looking statements that reflect management’s current views with respect to future events and operating performance. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in these forward-looking statements.  For more information on the Company’s risks and uncertainties relating to these forward-looking statements, please refer to the Management Discussion & Analysis section of iseemedia’s 2005 annual report, which is available via www.sedar.com.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

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