Synchronica Plc Proposed Acquisition Of Iseemedia -2-

20th Jul 2010 07:10

circular expected to be posted prior to 31st July, 2010. Northern Securities Inc. in Toronto, Ontario, Canada and finnCap Ltd in London, UK are serving as financial advisors in the proposed business combination. In conjunction with the proposed acquisition, the Directors of Synchronica intend to seek shareholder approval to consolidate the shares of Synchronica on a 15 for 1 basis. About Synchronica plc 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, synchronization, instant messaging (IM), backup and restore, and mobile connectivity to social networks. Synchronica's products are white-labelled and offered by mobile operators and device manufacturers in emerging and developed markets to provide mass market messaging services, increasing data revenues and reducing churn. Synchronica Mobile Gateway provides a unique multi-protocol gateway combining Push IMAP, SyncML, ActiveSync, Email-to-MMS, and Email-to-SMS, delivering messaging services 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 the USA, Hong Kong, Madrid and Dubai. Synchronica plc is a public company traded on the AIM list of the London Stock Exchange (SYNC.L). For further information, please visit www.synchronica.com. 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 TSX V in Toronto since June 2005. For more information, please visit: www.iseemedia.com. Enquiries: +---------------------+---------------------------+-----------------------------+ | Synchronica plc | Carsten Brinkschulte, CEO | +44 (0) 7977 256 406 | | | | +44 (0) 7977 256 347 | | www.synchronica.com | Angus Dent, CFO | +44 (0) 7977 256 412 | | | Nicole Meissner, COO | | +---------------------+---------------------------+-----------------------------+ | | | | +---------------------+---------------------------+-----------------------------+ | finnCap | Clive Carver , Nomad | +44 (0) 20 7600 1658 | | | Charlotte Stranner, | +44 (0) 20 7600 1658 | | | Corporate Finance | +44 (0) 20 3207 3211 | | | Stephen Norcross, | | | | Corporate Broker | | +---------------------+ + + | | | | +---------------------+ + + | | | | +---------------------+---------------------------+-----------------------------+ | Walbrook PR Ltd | Paul McManus | +44 (0) 20 7933 8787 | | | | +44 (0) 7980 541 893 | | | | [email protected] | +---------------------+---------------------------+-----------------------------+ c 2010 Synchronica plc. All Rights Reserved. All other trademarks and trade names are the property of their respective owners. Forward-Looking Information 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 the business operates. 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 the Company 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 under "Risks and Uncertainties" in Filing Statements with the regulatory authorities. 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. This information is provided by RNS The company news service from the London Stock Exchange END ACQKKKDKABKKCOB (END) Dow Jones Newswires July 20, 2010 02:10 ET (06:10 GMT)