iseemedia Announces Initial Closing of Private Placement

January 11, 2007 (Toronto, Canada) (TSXV: IEE):  iseemedia inc. (“iseemedia”) announces that it has closed the first tranche of its previously announced non-brokered private placement, raising gross proceeds of $2,028,025 through the issuance of an aggregate of 5,794,356 units (“Units”) at a price of $0.35 per Unit.  Each Unit is comprised of one common share of iseemedia (a “Share”) and one-quarter of one common share purchase warrant. Each whole common share purchase warrant entitles the holder to acquire one Share at price of $0.45 per Share and is exercisable until January 11, 2008, 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.  iseemedia expects the second tranche of the private placement to close on or about January 19, 2007.

In connection with the private placement, iseemedia paid a finder’s fee to certain arm’s length parties equal to 6% of $800,000 of the gross proceeds from the placement, which was payable by the issuance of 137,142 units at a price of $0.35 per unit.  Each such unit is comprised of one common share of iseemedia and one-quarter of one common share purchase warrant and each such warrant has the same terms and conditions as the warrants comprising the Units, except that it is not transferable.

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 are subject to a four month hold period which will expire on May 12, 2007.

The company also announces that it granted an aggregate of 600,000 share purchase options to officers and directors with an exercise price of $0.34 and expiry date of January 4, 2012.

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:

Anthony DeCristofaro, CEO iseemedia Inc. 905-761-5177