| iseemedia Press Release | ||||||||
iseemedia Licenses iseephotovista™ to One of the World’s Leading Digital Camera ManufacturersToronto, Ontario – June 20, 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 that it has signed a royalty-based licensing agreement with one of the world’s leading digital camera manufacturers (the “customer”). Under terms of the agreement, iseemedia will generate revenue on a per unit basis by licensing its patented iseephotovista™ photo stitching software to the customer. The OEM will embed the application in its digital cameras to enable users to capture and seamlessly create full panoramic photographs without the need for a desktop computer. The customer expects to ship several million iseephotovista™ enabled units beginning in fall 2006. “This development and licensing agreement represents a major commercial milestone for us,” said Anthony DeCristofaro, President and CEO of iseemedia. “By enhancing the imaging potential of this manufacturer’s digital cameras through embedded iseephotovista™ software, we look forward to delivering a compelling photographic experience for both recreational and professional users.” An industry report conducted by Lyra Research indicates that worldwide shipments of digital still cameras were approximately 63 million units in 2004 and will surpass 100 million units in 2008. The enormous increase in digital camera adoption has led to the development of lucrative opportunities for companies offering solutions to help penetrate new markets, develop innovative products at a faster pace, and gain differentiation in the digital imaging industry. iseemedia is focused on licensing iseephotovista™ to digital camera and camera phone manufacturers and their suppliers to capitalize on the increasing demand for enhanced functionality within this rapidly growing market. iseephotovista™, the evolution of iseemedia’s award-winning PhotoVista™ PC-based application, extends the functionality of mobile camera phones and digital still cameras by providing users the capability to capture and create full panoramas directly from the unit. The technology is compact and scalable, supporting images from one to five megapixels, and final images can be transferred to a PC, uploaded to an online portal for printing, or printed on a home printer. The in-camera stitching maximizes camera resolution by seamlessly adding images together and aligning them perfectly, providing high-resolution photos for any type of photography. By delivering instant results, iseephotovista™ meets the needs of vertical market applications including family photography, insurance, law enforcement, real estate, and the travel and tourism industries. 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.
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. For further information, please contact:
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