Multiplied Media announces final closing of private placement



    
    /NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OR FOR
    DISSEMINATION TO U.S. NEWSWIRE SERVICES/
    

    CALGARY, Feb. 18 /CNW/ - Multiplied Media Corporation (TSX-V: MMC) (the
"Company") announces the final closing of its previously announced
non-brokered private placement (the "Offering"). Pursuant to the final closing
of the Offering, Multiplied Media issued 9,964,000 Units. Over the two
closings, a total of 14,064,000 Units were issued for total gross proceeds of
$703,200. Each Unit is comprised of one common share ("Common Share") at a
subscription price of $0.05 per Common Share and one half warrant. Each whole
warrant will be exercisable for one Common Share at a price of $0.10 per
Common Share, with the warrants expiring two years from the date of issuance.
All of the Common Shares issued pursuant to the final closing of the Offering
are subject to a four-month hold period from the date of closing, expiring on
June 19, 2009.
    The Company will use proceeds of the Offering to implement the business
plan of the Company and for general working capital purposes.

    
    About Multiplied Media Corporation
    ----------------------------------
    
    Multiplied Media Corporation (www.multiplied.com) has developed the
award-winning application Poynt (www.mypoynt.com), the multimedia local search
service available over Microsoft's Windows Live Messenger, AOL's AIM instant
messaging network and BlackBerry smartphones. Through agreements with Yellow
Pages Group in Canada, Idearc Media (SuperPages.com) in the United States and
t-info and Infobel in Europe, Poynt simplifies finding and connecting with
businesses, retailers and events wherever and whenever it is most convenient
for the consumer. Headquartered in Calgary, AB, Canada, Multiplied Media
trades on the TSX Venture Exchange under the symbol MMC.

    
    Forward Looking Statements
    --------------------------
    
    Certain statements in this release, other than statements of historical
fact, may include forward-looking information that involves various risks and
uncertainties. There can be no assurance that such forward-looking statements
will prove to be accurate. Actual result and future events could differ
materially from those anticipated in such statements. These and all subsequent
written and oral forward-looking statements are based on the estimates and
opinions of management on the dates they are made and expressly qualified in
their entirety by this notice. The Company assumes no obligation to update
forward-looking statements should circumstances or management's estimates or
opinions change, other than as required pursuant to applicable securities
laws.

    
    Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.
    





For further information:

For further information: Andrew Osis, CEO & Director, Multiplied Media
Corporation, (403) 444-4102, andrew.osis@multiplied.com

Organization Profile

MULTIPLIED MEDIA CORPORATION

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