SoMedia Networks Lists on the TSX Venture Exchange - Video Posted on InvestmentPitch.com

Vancouver, British Columbia--(Newsfile Corp. - July 3, 2013) - SoMedia Networks (TSXV: VID) lists on the TSX Venture Exchange. The company completed an IPO offering of 3.8 million shares at a price of $0.85, raising gross proceeds of $3.25 million, with Canaccord Genuity acting as agent for the offering. Canaccord also placed approximately 132,000 shares as part of a greenshoe over-allotment, for which it has 30 days to either buy the shares in the marketplace or require SoMedia to issue additional shares.

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SoMedia provides resale, white-label, and on demand video production services across North America to web marketers, digital agencies, corporate brands and media.

SoMedia has two distinct video production technology platforms, a Scalable Video Platform and an Automated Video Platform.

With the ScalableVideo platform, SoMedia's partners simply log into a reseller portal and order videos from a standardized, fixed price selection of video types and lengths, usually consisting of 30, 60 or 90 seconds. Once an order is placed, creative input gathering and scheduling is either provided by the partner or pushed to a client through a simple and easy to understand online interface. The finished video is available for review and download within 14 days of the original shoot. SoMedia sells the standard scalable business videos at wholesale pricing from $450 to $1,499 depending on length, which its resellers typically mark up by another 50% to 100%.

The Automated Video Platform is a cloud-based technology that enables users to produce high quality online videos through an automated process. The Automated Platform offers video templates for a wide range of different uses such as product videos, sales and promotion videos, real estate videos, employee profiles, video classifieds, directory videos, and how- to videos.

"According to a recent survey of SoMedia partners, 79 per cent believe that offering video services will give them a competitive advantage in the marketplace," said Colin Osing, Vice President of Marketing for SoMedia Networks.

The shares are currently trading at the IPO price of $0.85 and with 25.7 million shares outstanding, the company is capitalized at $21.8 million.

For more information about SoMedia, please visit the company's website at www.SoMedia.net or contact the company's president and CEO, George Fleming at 604-683-5510 or by email george.fleming@SoMedia.net.

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