eMedia Networks International Corporation
TSX VENTURE : EMM

eMedia Networks International Corporation

May 18, 2011 16:28 ET

eMedia Announces Acquisition

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 18, 2011) - eMedia Networks International Corp. (TSX VENTURE:EMM) ("eMedia" or the "Corporation"), announced today that, subject to regulatory approval and due diligence reviews, the Corporation has entered into a Purchase Agreement with two individuals to purchase all of the issued and outstanding shares of a private company ("PrivCo") for $1,000,000. On closing date, the Corporation will pay $750,000 of the purchase price with the balance paid over a period of time. The purchase price was negotiated at arm's length and no finders' fees will be paid. The acquisition is contemplated to close before the end of May and is subject to financing by the Business Development Bank of Canada.

Mr. Reiter, CEO of eMedia, commented that the acquisition of PrivCo will enhance the business of the Corporation and will offer eMedia's current customers additional services to complement those currently offered by the Corporation. PrivCo provides customized music services in order that their clients can maximize their desired in store branding image.

A further news release will be issued upon closing.

About eMedia Networks

eMedia provides custom music programming for in-store retail brands and other consumer environments. Since 1991, eMedia has provided an end-to-end audio solution for retailers that require custom selected music to play in their stores. Through its low-cost emPlayer audio product, eMedia serves over 5,000 subscribers in North America. emPlayer is a proprietary audio player capable of playing CD-quality music and custom audio content from playlists controlled on-site or remotely through the Internet. The Company trades on the TSX Venture Exchange under the symbol EMM. For more information, visit www.emedianetworks.com.

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.

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