iseemedia Inc. Announces $2,500,000 Private Placement

TORONTO, Nov. 16 /CNW/ - iseemedia Inc. ("iseemedia") (TSX-V: IEE), a leading provider of Blackberry-like services to the mass mobile phone market today announced that it has entered into a private placement financing agreement with Northern Securities Inc. ("Northern").

Under the agreement, iseemedia will issue 15,625,000 units (the "Units") of the Company at a price of $0.16 per Unit, for total gross proceeds of approximately $2,500,000 (the "Offering"). In addition, Northern will have the option to purchase up to an additional 3,125,000 Units at a price of $0.16 per Unit, for additional total gross proceeds of approximately $500,000 prior to closing of the Offering.

Each Unit will consist of one common share (a "Common Share") of iseemedia and one half of one Common Share purchase warrant (a "Warrant") with each full Warrant exercisable into one Common Share at a price of $0.32 for a period of 24 months following the date of issuance. In the event that the Common Shares of iseemedia trade at a closing price of greater than $0.45 per share for a period of 15 consecutive trading days following the closing of the Offering, iseemedia may accelerate the expiry date of the Warrants by giving notice to the Warrant holders and the Warrants will expire on the 30th day following the date that such notice is given.

At the closing, iseemedia agrees to pay Northern a cash commission of 8% of the gross proceeds of the financing and a work fee of $25,000.

The Offering is scheduled to close on or about December 11, 2009 and is subject to regulatory approval. Proceeds of the Offering will be used for sales and marketing, research and development, product and market expansion, and general corporate and working capital purposes.

The Common Shares and Warrants issued pursuant to the Offering will be subject to a four-month hold under applicable securities laws.

About iseemedia Inc.

iseemedia Inc. is a software development company focused on the commercialization of a Service Delivery Platform (iseemail(TM)) for delivering Blackberry-like email services to the mass market and an advanced Content Delivery Platform (iseedocsTM) for rich media adaptation and extremely cost-efficient delivery to mobile devices. The Company maintains a broad portfolio of issued and pending patents that support authoring, streaming and interactive viewing. iseemedia is publicly traded on the TSX Venture Exchange (Symbol: IEE).

(C)2009 iseemedia Inc. All rights reserved. iseemedia and iseedocs are either Registered Trademarks or Trademarks of iseemedia Inc. in the United States and or Canada. All other trademarks and trade names are the property of their respective owners.

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SOURCE ISEEMEDIA INC.

For further information: For further information: David Berman, CFO, iseemedia Inc., Tel: (905)-761-5293, davidb@iseemedia.com

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ISEEMEDIA INC.

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