| iseemedia Press Release |
iseemedia's US Subsidiary, RealBiz360 Inc. Shows Significant Growth and Progress Towards Spin-Out Interests Heading into 2009 Toronto, Canada and Phoenix, AZ, U.S.A. – January 14, 2009 - iseemedia Inc. (TSX-V:IEE), a leading provider of rich content creation and delivery solutions for Web and wireless markets announced today that its US-based RealBiz360 subsidiary gained significant momentum by the end of 2008 and heading into 2009. RealBiz360 provides solutions for rapidly composing and showcasing high-quality images over the Internet. Its advanced immersive imaging technology enables high-resolution imaging, panoramic viewing and image interaction to make pictures come alive on the web. RealBiz360’s VuVista™ solution transforms images from mere pictures to a powerful interactive imaging experience that invites hands-on participation from the user and significantly increases the user’s interest and the realtor’s chance of selling that property. On the RealBiz360 business development front, significant new deals were reached with several, well recognized, industry leading real estate companies, including Century 21, Texas-based Keller Williams, Coldwell Banker and ERA Burgdorf, providing us access to thousands of new agents. This momentum is expected to grow significantly into 2009 as RealBiz360 continues to secure agreements with other branch offices of these, and other well known real estate companies. Realbiz360 made a significant foray into a new revenue opportunity with partnership agreements with two major MLS companies in the US. These agreements bring RealBiz360’s Virtual Tour solution exclusively to over 41,000 clients of these two companies as part of their standard MLS product offerings. The clients of these MLS companies can now access Realbiz360 solutions by simply clicking a link provided as part of the MLS services window. The solution is well integrated with other parts of the MLS system and simplifies the Virtual Tour listing process; a pay-per-use model with an upgrade option to the full RealBiz360 solution. This new business model will be accretive to the recurring revenue model that currently exists and several new MLS opportunities nationwide, are expected to come to fruition in 2009. Industry partner achievements through the end of 2008 included an official endorsement with STAR Power as a recommended supplier for 2008, certification by Council of Residential Specialist (CRS), selection by StagedHomes.com for Staging Virtual Tours for the company, and approvals by Long and Foster and the Sutton Group of Canada. In addition, RealBiz360 has experienced an extraordinary upswing in online activity from its Real Estate Marketing Services at www.RealBiz360.com. Key indicators like posted real estate tours, page views and listed agents have showed substantial growth in the last quarter of 2008. “RealBiz360 has made considerable headway in acquiring over 8000 new accounts in the latter part of 2008; our most recent VuVista software release delivers a highly innovative and beneficial suite of services to agents across the country,” said Steve Marques, President and COO of RealBiz360. “The new VuVista High Definition Virtual Tour is rapidly gaining acceptance with new customers and positions us nicely for more growth and success in 2009.” RealBiz360’s strategy of bringing value added services with a revenue share model came alive as well in 2008, with partnership agreements with Real Estate Industry’s top service-oriented companies such as ExpressCopy.com, ListingDomains.com, Annoucemymove.com, RealEstateSites.com and Voice Pad. These partnerships provide nationwide coverage in the US for RealBiz360 products to the clients of these partners and are expected to contribute additional affiliate revenue streams for RealBiz360 in 2009. “We are thrilled with the momentum and core value our RealBiz360 subsidiary has built up in 2008; they landed several new brand name accounts and also gained endorsements with industry’s leading organizations,” said Anthony DeCristofaro, President and CEO of iseemedia. “This significant growth, primarily coming in the latter part of the year, validates the need for RealBiz360’s VuVista solution which gives our customers a definite advantage, especially in the current challenging market conditions.” “iseemedia has clearly established a thriving and valuable subsidiary through the incubation of its imaging and panoramic technology. We now intend to realize this potential and are evaluating independent investment and spin-out opportunities that can create greater value and progression for the RealBiz360 subsidiary and iseemedia alike in 2009.” added Mr. DeCristofaro. About iseemedia About RealBiz360 Inc © iseemedia Inc. 2008. All rights reserved. iseemedia and iseedocs are either Registered Trademarks or Trademarks of iseemedia Inc. in the United States and or Canada. The TSX Venture Exchange has not reviewed or approved the contents of this press release and does not accept responsibility for its adequacy or accuracy. Contact: |