TORONTO, Dec. 30 /CNW/ - iseemedia Inc. ("iseemedia" - TSX-V: IEE) announces that it held its Annual General and Special Meeting of
Shareholders on December 23, 2010 (the "Meeting"). At the meeting,
shareholders were asked to pass a special resolution authorizing the
Company to amalgamate with Synchronica Canada Inc., a wholly owned
subsidiary of Synchronica plc. The proposed amalgamation is to be
completed pursuant to an amalgamation agreement entered into on
November 25, 2010 between the company, Synchronica plc and Synchronica
Canada Inc. as part of a second step going-private transaction
following Synchronica's take-over bid for iseemedia common shares. At
the Meeting, the special resolution to approve the amalgamation was
approved by 99.97% of the shareholders represented in person or by
proxy at the Meeting. Passage of the special resolution also required
the approval of a majority of the minority shareholders. At the
meeting 99.96% of the minority shareholders represented in person or by
proxy at the Meeting voted in favour of the special resolution.
Accordingly, the special resolution was passed at the Meeting and
iseemedia intends to complete the amalgamation upon receiving final
approval from the TSX Venture Exchange.
About iseemedia Inc
iseemedia Inc. is a mobile software company focused on the
commercialization of a Service Delivery Platform (iseemailTM) for delivering push Email services to the mass market and an advanced
Content Delivery Platform (iseedocsTM) for rich media adaptation and extremely cost-efficient network
delivery to mobile devices.
The Company maintains a broad portfolio of issued and pending patents
that cover content authoring, streaming and interactive viewing on
mobile devices. iseemedia was founded in March 2002 and has been traded
on the TSXV in Toronto since June 2005.
For more information, please visit: www.iseemedia.com.
Forward-Looking Statements: This news release includes certain forward-looking statements that are
based upon current expectations, which involve risks and uncertainties
associated with Synchronica's business and the environment in which
those businesses operate. Any statements contained herein that are not
statements of historical facts may be deemed to be forward-looking,
including those identified by the expressions "anticipate", "believe",
"plan", "estimate", "expect", "intend", and similar expressions to the
extent they relate to either Synchronica or its management. The
forward-looking statements are not historical facts, but reflect
Synchronica's current expectations regarding future results or events.
These 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, including the matters discussed
in Section 8 (under the heading "Risk Factors Related to the Offer") of
the Circular contained in the take-over bid circular dated July 22,
2010 filed with respect to the Bid at www.sedar.com, as amended pursuant to related notices filed at www.sedar.com.
Synchronica assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ
from those reflected in the forward-looking statements.
SOURCE ISEEMEDIA INC.
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