iseemedia Announces Private Placement

December 19, 2006 (Toronto, Canada) (TSX Venture: IEE):  iseemedia Inc. (“iseemedia”) announces a proposed non-brokered private placement to raise gross proceeds of approximately $2,450,000 through the issuance of an aggregate of 7,000,000 units (“Units”) at a price of $0.35 per Unit.  Each Unit will be comprised of one common share of iseemedia (a “Share”) and one-quarter of one common share purchase warrant. Each whole common share purchase warrant will entitle the holder to acquire one Share at price of $0.45 per Share and will be exercisable for a period of 12 months following closing of the financing, subject to acceleration if the average closing price of the Shares on the TSX Venture Exchange for any period of ten consecutive trading days is $0.60 or more.  iseemedia expects to use the proceeds from the private placement for working capital purposes.

In connection with the private placement, iseemedia will pay a finder’s fee to certain arm’s length parties equal to 6% of a portion of the gross proceeds from the placement, payable in either cash or by the issuance of units having the same terms and conditions as the Units.

The Shares and Warrants comprising the Units (including those units issued in payment of the finder’s fee) and the Shares issuable pursuant to the exercise of the warrants will be subject to a hold period until the date that is four months and one day following closing of the financing.

The private placement is subject to the approval of the TSX Venture Exchange and is expected to close prior to the calendar year-end.

About iseemedia
iseemedia is a software developer focused on the commercialization of advanced, rich content adaptation and delivery solutions for Web and wireless applications. 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

This news release may contain forward-looking statements, which are not historical facts, but are based on certain assumptions and reflect the company’s current information and expectations. The forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The company disclaims any intention or obligation to update or revise forward-looking statements. Investors should not place undue reliance on forward-looking statements as a prediction of actual events.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.
For further information, please contact:

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

905-761-5177