iseemedia Inc. - Corporate Update

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.

For further information: For further information:

iseemedia Inc.
 
      David Berman, CFO
Davidb@iseemedia.com
      905-761-5293
 

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ISEEMEDIA INC.

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