NeoMedia Technologies to Issue First Stock Dividend, with Distribution of Shares of IPoint-Media Ltd. of Tel Aviv.FT. MYERS, Fla. -- NeoMedia Technologies, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: NEOM), today announced its intention to issue its first-ever stock dividend with the distribution of common shares of IPoint-Media Ltd. of Tel Aviv Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest as a property dividend. Charles T. Jensen, president, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and COO (Cell Of Origin) See mobile positioning. of NeoMedia, said NeoMedia will distribute 5% (or 20,435 shares) of IPoint's common stock. All NeoMedia shareholders of record as of November 17, 2004 will be eligible for the dividend, he said, and are expected to receive one share of registered, free-trading IPoint stock for approximately every 18,000 shares of NeoMedia stock they own. Mr. Jensen said that the date of the property dividend payment will be announced after the Securities and Exchange Commission declares IPoint's SB-2 registration statement effective. On September 13, 2004, NeoMedia, a developer and international marketer of software and patented technologies which link products, print, and physical objects directly to targeted online data, announced the signing of a business development and investment agreement with IPoint-Media. Ltd. Specializing in customer interaction management, iPoint developed the world's first IP video call centers for Deutsche Telecom(R), and also provides video access services to SONY(R) Europe. On the signing of that agreement, Mr. Jensen said NeoMedia immediately received 7 percent of the stock in IPoint, and that it also acquired an additional 10 percent of IPoint for a $1 million investment. "NeoMedia is pleased to reward our loyal shareholders with this stock property dividend," Mr. Jensen said. "When NeoMedia agreed to take an interest in IPoint, I noted that the two companies shared synergies in product and mission, and that we were both innovators innovators people who will try new things. early innovators important figures in the farming or client community because they are the leaders in the introduction of new techniques and management systems. who created leading-edge solutions for a worldwide, world-class customer base. Today's announcement is the first fruit from what we hope will be a fruitful fruit·ful adj. 1. a. Producing fruit. b. Conducive to productivity; causing to bear in abundance: fruitful soil. 2. relationship." About NeoMedia Technologies, Inc. NeoMedia Technologies, Inc. (www.neom.com), is a developer and international marketer of software and patented technologies which link products, print, and physical objects directly to targeted online data, with expertise in homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States and e-authentication applications. NeoMedia markets PaperClick(R) and PaperClick for Camera Cell Phones(TM), which link physical information and objects to the Internet, and its Systems Integration Group specializes in providing expert-based IT consulting, hardware, and software solutions. About iPoint-Media Ltd. IPoint-Media Ltd. (www.ipoint-media.com) is dedicated to being the video access platform and application engine of choice for service providers. It was founded in 2001 as a spin-off The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders. from Imagine Visual Dialog Ltd., whose shareholders include Israeli-based Nisko group, a leading holding company, Singapore-based Keppel T&T, and marketing and advertising leader WPP WPP Wire & Plastic Product PLC WPP World Press Photo WPP Web Presence Provider WPP Wolf Pack Productions (anime fan subbing group) WPP Witness Protection Program WPP Wireless Packet Platform WPP Work Package Planning . Muki Geller, founder of Imagine Visual Dialog, is the founder, president and CEO of iPoint, which is headquartered in Tel Aviv with a European customer support center in The Netherlands. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement. PaperClick is a registered trademark and PaperClick for Camera Cell Phones a trademark of NeoMedia Technologies, Inc. |
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