iseemedia Inc. Closes $2,719,600 Private Placement

TORONTO, Dec. 11 /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 closed its previously announced brokered private placement of 16,997,500 units (each a "Unit") at a price of $0.16 per Unit for aggregate gross proceeds of $2,719,600 (the "Offering"), including the exercise of $219,600 of the over-allotment option.

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 closing price of the Common Shares of iseemedia is 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.

Northern Securities Inc. ("Northern") acted as sole agent for the Offering. The Corporation paid Northern a cash commission of 8% of the gross proceeds and a $50,000 work fee.

The net proceeds of the Offering will be used for sales and marketing, research and development, product and market expansion, general corporate and working capital purposes.

The completion of the Offering is subject to TSX Venture Exchange approval.

This press release is not an offer to sell or a solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The Units being sold pursuant to the Offering have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the United States Securities Act of 1933, as amended.

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 (iseedocs(TM)) 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.

%SEDAR: 00020202E


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

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