Corporate Update - Synchronica acquires remaining interest in iseemedia through an amalgamation

TORONTO, Jan. 7 /CNW/ - iseemedia Inc. ("iseemedia" or the "Company" - TSX-V: IEE) announced today that further to its announcement of December 30, 2010  and following approval by the TSX Venture Exchange on January 5, 2011, Synchronica plc ("Synchronica") (AIM:SYNC; TSX VENTURE:SYN) the international provider of push email, instant messaging and social networking services, 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 Synchronica) is effective under the Canada Business Corporations Act on January 6, 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, or contact their broker directly, 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 iseemedia Inc
iseemedia Inc. is a mobile software company focused on the commercialization of a Service Delivery Platform (iseemail ™) for delivering push Email services to the mass market and an advanced Content Delivery Platform (iseedocs ™) 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.

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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, as amended pursuant to related notices filed at  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.

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 iseemedia Inc.

For further information:

iseemedia Inc.  
David Berman, CFO

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