TORONTO, Nov. 15 /CNW/ - Following the purchase of shares of Iseemedia
Inc. (the "Company") on November 8, 2007, Steve Laciak, an employee of Dundee
Securities Corporation, acquired beneficial ownership in respect of Mr.
Laciak's personal and family member accounts and to a much lesser extent the
power to exercise control or direction in respect of an account proprietary to
Dundee Securities Corporation managed by Mr. Laciak on a discretionary basis
of a total of 5,363,900 shares of the Company. As a result of the November 8,
2007 purchase, Mr. Laciak exerts control or direction over 10.49% of the
outstanding shares of the Company.
The vast majority of shares of the Company under Mr. Laciak's control and
direction are held on his own behalf or that of family members. The shares
were acquired in the ordinary course of Mr. Laciak's investment activities in
respect of Mr. Laciak's personal and family holdings, for personal investment
purposes, and to a lesser extent to generate investment returns for Dundee
Securities Corporation in respect of the proprietary account referenced above.
Mr. Laciak may purchase or sell shares of the Company in the future on the
open market or in private offerings, depending on market conditions and other
factors material to Mr. Laciak's investment decisions. At no point of time did
or does Mr. Laciak intend to launch a formal take-over bid or propose a
transaction that could constitute a take-over bid.
For further information:
For further information: Mr. Louis Cavalaris, Vice President & Head of
Institutional Compliance, Dundee Securities Corporation, (416) 350-3057