TORONTO, Jan. 11 /CNW/ - iseemedia Inc. (TSX-V:IEE) announced today that
it has acquired software, including source code and related documentation for
integration into its wireless portal. The acquired software provides the
capability to automatically send information to mobile phones using short code
SMS (Short Message Service). The implementation requires a phased approach and
is expected to be completed with the next 90 days. The Company will issue
100,000 shares from treasury as consideration for this software, in 3 tranches
related to the completion of integration milestones set forth in the purchase
agreement. The Company intends to integrate this source code into its wireless
platform and accelerate the implementation of other strategic plans over the
coming year. This transaction is subject to TSX approval.
iseemedia Inc. is a software company focused on the commercialization of
advanced, rich content adaptation and delivery solutions for Web and wireless
applications. The Company has a large portfolio of perpetual licenses to a
significant group of patents applicable to server-based imaging technology
relating to image streaming and interactive viewing and web authoring tools
technology for generating content distributed by an image server. There are
also 3 additional wireless and imaging patents pending. iseemedia is listed on
the TSX Venture Exchange (Symbol:IEE).
This news release may contain forward-looking statements, which are not
historical facts, but are based on certain assumptions and reflect the
company's current information and expectations. The 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. The company
disclaims any intention or obligation to update or revise forward-looking
statements. Investors should not place undue reliance on forward-looking
statements as a prediction of actual events.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this press release.
For further information:
For further information: Investor Relations: David Berman, CFO,
iseemedia Inc., email@example.com