Synchronica acquires remaining interest in iseemedia through an amalgamation

ROYAL TUNBRIDGE WELLS, UNITED KINGDOM, Jan. 7 /CNW/ - Synchronica plc ("Synchronica" or "the Company") (AIM:SYNC; TSX VENTURE:SYN) the international provider of push email, instant messaging and social networking services, announces, further to its announcement of 24 December 2010, that following approval by the TSX Venture Exchange on 5 January 2011, the Company has acquired the remaining interest in iseemedia by way of an amalgamation (the "Amalgamation"), such that iseemedia is now a wholly-owned subsidiary of the Company.

The Amalgamation of iseemedia with Synchronica Canada Inc. (a wholly owned subsidiary of the Company) was effective under the Canada Business Corporations Act on 6 January 2011.

As none of the shareholders of iseemedia has exercised dissent rights with respect to the Amalgamation, on the effective date of the Amalgamation each issued and outstanding iseemedia share (other than those held by dissenting shareholders of iseemedia or Synchronica Canada Inc.) was converted into 0.2687 of a share of the Company.

iseemedia shareholders are requested to return their iseemedia common share certificates to Computershare Investor Services Inc., together with the Letter of Transmittal enclosed with the management proxy circular of iseemedia dated November 25, 2010, to receive their new share certificates of Synchronica.  The detailed instructions for the surrender of share certificates and the address of Computershare Investor Services Inc. are set out in the Letter of Transmittal.  iseemedia shareholders are also advised that no fractional shares of Synchronica will be issued in connection with the Amalgamation.

About Synchronica

Synchronica plc is a leading developer of next-generation mobile messaging solutions based on open industry standards. The award-winning product portfolio includes the flagship product Mobile Gateway, providing push email, synchronisation, instant messaging, backup & restore and mobile connectivity to social networks. Synchronica's products are white-labelled and offered by mobile operators in emerging and developed markets to provide mass-market messaging services, increasing data revenues and reducing churn.

Synchronica's Mobile Gateway provides a unique multi-protocol gateway combining Push IMAP, SyncML, ActiveSync, Email-to-MMS and Email-to-SMS, delivering push email and synchronisation to literally any mobile phone currently in the market without requiring an additional client to be downloaded. Expanding Instant Messaging to mobile devices, Mobile Gateway establishes carrier-branded IM communities using the industry-standard XMPP and provides gateways to popular Internet IM communities connecting any IMPS enabled handset.

Headquartered in England, Synchronica also maintains development centres in Germany and the Philippines, in addition to a regional presence in Canada, the USA, Hong Kong, Spain, and Dubai. Synchronica plc is a public company which is traded on the AIM list of the London Stock Exchange (SYNC.L), and the Venture Exchange of the Toronto Stock Exchange (SYN.V). For further information, please visit

Cautionary Statements

The foregoing information may contain forward-looking statements relating to the future performance of Synchronica plc. Forward-looking statements, specifically those concerning future performance or results, are subject to certain risks and uncertainties, and actual results may differ materially from Synchronica's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the public filings and announcements made by Synchronica, including those made with AIM, a market of the London Stock Exchange, with the TSX Venture Exchange or with securities regulators.  Synchronica does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

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.   No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

SOURCE Synchronica plc

For further information:

Synchronica plc
Carsten Brinkschulte, CEO
Angus Dent, CFO
Nicole Meissner, COO
+44 (0) 7977 256 406
+44 (0) 7977 256 347
+44 (0) 7977 256 412
TMX | Equicom Craig MacPhail 416 815 0700, ext. 290

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Synchronica plc

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