ISEEMEDIA INC. ANNOUNCES CLOSING OF PUBLIC OFFERING OF UNITS RAISING GROSS PROCEEDS OF $9,200,000.

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For Immediate Release

TORONTO, June 28 - iseemedia Inc. (TSX-V:IEE)  – iseemedia Inc. is pleased to announce the successful completion today of its  previously announced short form prospectus offering underwritten by a syndicate of underwriters led by Cormark Securities Inc. and including Orion Securities Inc. and Wellington West Capital Markets Inc. (the "Underwriters").  iseemedia issued 10,000,000 Units of the Company at a price of $0.80 per Unit for gross proceeds of $8,000,000.  Each Unit consisted of one common share and one half of one common share purchase warrant.  Each whole warrant shall be exercisable at any time for one common share at a price of $1.00 per share until December 28, 2008.

In addition, iseemedia granted the Underwriters an over-allotment option to purchase up to an additional 1,500,000 Units which was fully exercised today for gross proceeds of $1,200,000.  The exercise of the Over-Allotment Option increased the gross proceeds raised by iseemedia to a total of $9,200,000.

The Underwriters have received a cash commission representing 7% of the gross proceeds of the Offering. In addition, the Company has issued 805,000 compensation options (the "Compensation Options") in connection with this Offering. Each Compensation Option will entitle the Underwriters, upon payment of an exercise price of $0.80, to subscribe for one Unit until December 28, 2008.

iseemedia will use the net proceeds of the offering to continue to develop, market and deploy its current mobile and virtual tour technologies, including  iseedocs, iseepublish, iseevista and iseephotovista.

About iseemedia
iseemedia Inc. is a software company focused on the commercialization of advanced, rich content adaptation and delivery solutions for Web and wireless applications. The Company has a portfolio of perpetual licenses to U.S. patents (and patents on the same technology registered in other jurisdictions) and to patents pending in respect of technology involving ImageServer, panoramas and viewers and image editing, forming the core technology that supports the Company’s wireless strategy.  The Company also has filed three (3) applications in respect of wireless patents relating to its content delivery and mobile device solutions.  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 press release.

iseemedia Investor Relations Contact:
David Berman, CFO, iseemedia Inc, DavidB@iseemedia.com