TORONTO, and PHOENIX, Jan. 14 /CNW/ - iseemedia Inc. (TSX-V:IEE), a
leading provider of rich content creation and delivery solutions for Web and
wireless markets announced today that its US-based RealBiz360 subsidiary
gained significant momentum by the end of 2008 and heading into 2009.
RealBiz360 provides solutions for rapidly composing and showcasing
high-quality images over the Internet. Its advanced immersive imaging
technology enables high-resolution imaging, panoramic viewing and image
interaction to make pictures come alive on the web. RealBiz360's VuVista(TM)
solution transforms images from mere pictures to a powerful interactive
imaging experience that invites hands-on participation from the user and
significantly increases the user's interest and the realtor's chance of
selling that property.
On the RealBiz360 business development front, significant new deals were
reached with several, well recognized, industry leading real estate companies,
including Century 21, Texas-based Keller Williams, Coldwell Banker and ERA
Burgdorf, providing us access to thousands of new agents. This momentum is
expected to grow significantly into 2009 as RealBiz360 continues to secure
agreements with other branch offices of these, and other well known real
Realbiz360 made a significant foray into a new revenue opportunity with
partnership agreements with two major MLS companies in the US. These
agreements bring RealBiz360's Virtual Tour solution exclusively to over 41,000
clients of these two companies as part of their standard MLS product
offerings. The clients of these MLS companies can now access Realbiz360
solutions by simply clicking a link provided as part of the MLS services
window. The solution is well integrated with other parts of the MLS system and
simplifies the Virtual Tour listing process; a pay-per-use model with an
upgrade option to the full RealBiz360 solution. This new business model will
be accretive to the recurring revenue model that currently exists and several
new MLS opportunities nationwide, are expected to come to fruition in 2009.
Industry partner achievements through the end of 2008 included an
official endorsement with STAR Power as a recommended supplier for 2008,
certification by Council of Residential Specialist (CRS), selection by
StagedHomes.com for Staging Virtual Tours for the company, and approvals by
Long and Foster and the Sutton Group of Canada,.
In addition, RealBiz360 has experienced an extraordinary upswing in
online activity from its Real Estate Marketing Services at www.RealBiz360.com.
Key indicators like posted real estate tours, page views and listed agents
have showed substantial growth in the last quarter of 2008.
"RealBiz360 has made considerable headway in acquiring over 8000 new
accounts in the latter part of 2008; our most recent VuVista software release
delivers a highly innovative and beneficial suite of services to agents across
the country," said Steve Marques, President and COO of RealBiz360. "The new
VuVista High Definition Virtual Tour is rapidly gaining acceptance with new
customers and positions us nicely for more growth and success in 2009."
RealBiz360's strategy of bringing value added services with a revenue
share model came alive as well in 2008, with partnership agreements with Real
Estate Industry's top service-oriented companies such as ExpressCopy.com,
ListingDomains.com, Annoucemymove.com, RealEstateSites.com and Voice Pad.
These partnerships provide nationwide coverage in the US for RealBiz360
products to the clients of these partners and are expected to contribute
additional affiliate revenue streams for RealBiz360 in 2009.
"We are thrilled with the momentum and core value our RealBiz360
subsidiary has built up in 2008; they landed several new brand name accounts
and also gained endorsements with industry's leading organizations," said
Anthony DeCristofaro, President and CEO of iseemedia. "This significant
growth, primarily coming in the latter part of the year, validates the need
for RealBiz360's VuVista solution which gives our customers a definite
advantage, especially in the current challenging market conditions."
"iseemedia has clearly established a thriving and valuable subsidiary
through the incubation of its imaging and panoramic technology. We now intend
to realize this potential and are evaluating independent investment and
spin-out opportunities that can create greater value and progression for the
RealBiz360 subsidiary and iseemedia alike in 2009." added Mr. DeCristofaro.
About iseemedia Inc
iseemedia Inc. is a software developer focused on the commercialization
of advanced, rich media content adaptation and distribution solutions for Web
and wireless applications. The Company maintains a portfolio of issued and
pending wireless and imaging patents that support authoring, streaming and
interactive viewing of content. iseemedia is publicly traded on the TSX
Venture Exchange (Symbol 'IEE'). For more information please visit
About RealBiz360 Inc
RealBiz360 Inc, a subsidiary of iseemedia Inc. provides the real estate
professional and virtual tour providers with an innovative creation, marketing
and delivery system for High Definition Virtual Tours. In 2008 RealBiz360
launched the VuVista(TM), the industry's newest, most powerful suite of online
marketing and imaging tools featuring i3 Technology and our exclusive iVuZoom
immersive, interactive, imaging experience. The new iVuZoom interactive tours
hold viewer interest up to 5x longer, lets buyers make better informed
decisions and generate more qualified leads. For more information please visit
(C) iseemedia Inc. 2008. All rights reserved. iseemedia and
iseedocs are either Registered Trademarks or Trademarks
of iseemedia Inc. in the United States and or Canada.
The TSX Venture Exchange has not reviewed or approved the contents of
this press release and does not accept responsibility for its adequacy or
For further information:
For further information: David Berman, CFO, iseemedia Inc., Tel: (905)