| iseemedia Press Release |
TORONTO, CANADA - February 23, 2010 - iseemedia Inc. (TSX-V: IEE.V), a leading provider of rich content adaptation and delivery solutions for mobile applications today announced that it completed the purchased 80,000 common shares of UnoMobi Inc. ("UnoMobi") from iseemedia's Chief Technology Officer, Elie Makhoul, in exchange for 2.7 million common shares of iseemedia issued out of treasury (the "Consideration Shares"). This adds to iseemedia's existing holding of 55,000 UnoMobi shares for a total holding of 135,000 shares of UnoMobi. Unomobi Inc. is a private company incorporated in Delaware. On February 16, 2010, Multiplied Media Corporation ("MMC", TSX:V-MMC), announced that it completed its acquisition of all the shares of the Unomobi in exchange for 95 million shares of MMC. The completion of iseemedia's purchase of the 80,000 common shares of Unomobi from Mr. Makhoul was conditional upon the completion of MMC's acquisition of Unomobi. In accordance with the terms of the acquisition of Unomobi, iseemedia will receive approximately 7.4 million shares of MMC in exchange for its 135,000 common shares of Unomobi. Based on the closing trading price on February 22, 2010 of $0.295 for MMC's shares, the market value of iseemedia's MMC shares is approximately $2 million.
About iseemedia About Multiplied Media Corporation Multiplied Media has developed the award-winning application Poynt, the mobile local search service available over BlackBerry smartphones. Through agreements with directory and vertical content providers in Canada, the United States and Europe, Poynt simplifies finding and connecting with businesses, retailers and events wherever and whenever it is most convenient for the consumer. Headquartered in Calgary, AB, Canada, Multiplied Media trades on the TSXV under the symbol MMC. About UnoMobi, Inc. UnoMobi, a Delaware corporation, together with its wholly owned subsidiary Innovation Fund III LLC, are the owners of a patent concerning pushing of commercial offers to users of GPS-equipped portable wireless devices and an Email-to-SMS advertising patent-pending technology that provides push email service to basic mobile phones. ©2009 iseemedia Inc. All rights reserved. iseemedia, iseemail and iseedocs are either Registered Trademarks or Trademarks of iseemedia Inc. in the United States and or Canada. All other trademarks and trade names are the property of their respective owners.
Forward-Looking Statements Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For more information contact:
David Berman, CFO |