iseemedia Announces Private Placement

TORONTO, CANADA – October 12, 2006 - iseemedia Inc. (TSX–VENTURE:IEE), announces that it has closed a non-brokered private placement raising gross proceeds of $500,000 through the issuance of an aggregate of 1,428,572 common shares at a price per share of $0.35.  The proceeds will be used for working capital purposes.

The common shares sold under the private placement are subject to a four month hold period which will expire on February 13, 2007.

The company has issued David Berman, CFO, 60,000 common share options at $0.30.

About iseemedia
iseemedia is a software developer focused on the commercialization of advanced, rich content adaptation and delivery solutions for Web and wireless application. The Company has a global patent portfolio of 39 issued and pending wireless and imaging patents. iseemedia is publicly traded on the TSX Venture Exchange (Symbol:IEE). For more information, visit www.iseemedia.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For further information, please contact:
Anthony DeCristofaro
President & CEO
iseemedia Inc.

905-761-5177