iseemedia Inc. - Corporate Update
December 30 2010 - 2:50PM
PR Newswire (Canada)
TORONTO, Dec. 30 /CNW/ -- TORONTO, Dec. 30 /CNW/ - iseemedia Inc.
("iseemedia" - TSX-V: IEE) announces that it held its Annual
General and Special Meeting of Shareholders on December 23, 2010
(the "Meeting"). At the meeting, shareholders were asked to
pass a special resolution authorizing the Company to amalgamate
with Synchronica Canada Inc., a wholly owned subsidiary of
Synchronica plc. The proposed amalgamation is to be completed
pursuant to an amalgamation agreement entered into on November 25,
2010 between the company, Synchronica plc and Synchronica Canada
Inc. as part of a second step going-private transaction following
Synchronica's take-over bid for iseemedia common shares. At
the Meeting, the special resolution to approve the amalgamation was
approved by 99.97% of the shareholders represented in person or by
proxy at the Meeting. Passage of the special resolution also
required the approval of a majority of the minority shareholders.
At the meeting 99.96% of the minority shareholders
represented in person or by proxy at the Meeting voted in favour of
the special resolution. Accordingly, the special resolution
was passed at the Meeting and iseemedia intends to complete the
amalgamation upon receiving final approval from the TSX Venture
Exchange. About iseemedia Inc iseemedia Inc. is a mobile software
company focused on the commercialization of a Service Delivery
Platform (iseemail(TM)) for delivering push Email services to the
mass market and an advanced Content Delivery Platform
(iseedocs(TM)) 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. For more
information, please visit: www.iseemedia.com. 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 www.sedar.com,
as amended pursuant to related notices filed at
www.sedar.com. 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. To view this news release in HTML formatting, please
use the following URL:
http://www.newswire.ca/en/releases/archive/December2010/30/c8137.html
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td /td td /td tdbDavid Berman, CFO/bbr/ a
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