eMedia Networks International Corp.
TSX VENTURE : EMM

eMedia Networks International Corp.

May 12, 2009 13:58 ET

eMedia Signs Long-Term Contract With Indigo Books & Music

Three year agreement to provide in-store music for ninety outlets; Company adjusts EBITDA guidance upward for the year

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 12, 2009) - eMedia Networks Corp. (TSX VENTURE:EMM), a leading provider of music for retail and business environments, today announced it has entered into a thirty-six month agreement to provide music solutions for Canada's largest book retailer Indigo Books & Music Inc. eMedia was selected to enhance Indigo's in-store environment through its audio product "The EMplayer", which is a low cost, intelligent internet-based music player. According to the terms of the agreement, eMedia will provide a custom digital music service to Indigo's Canadian retail banners. Total revenue projected from the agreement is $175,000.

"We believe our audio product represents the best value for money in the market today," said Darren Reiter, CEO. "Indigo is an excellent example of a very high quality Canadian retailer looking for ways to enhance the in-store customer experience while reducing ongoing costs. We very much look forward to providing them with the best music solution available."

eMedia previously reported two quarters of sequential profitability.

"We're seeing higher adoption rates as more retail chains see the benefits of our superior offering," said Bill Athwal, CFO. "We now expect to generate positive EBITDA for the current fiscal year, so are prudently revising our guidance upward."

About Indigo Books & Music Inc.

Indigo is a publicly traded Canadian company listed on the Toronto Stock Exchange (TSX:IDG). As the largest book retailer in the country, Indigo operates in all provinces under different banners including Indigo Books & Music; Indigo Books, Gifts, Life; IndigoSpirit, Chapters, The World's Biggest Bookstore, and Coles. Chapters and Indigo are rated as the number one and number two retailers in Canada by the Kubas Major Market Retail Report, and have occupied the list since 2000.

Forward-Looking Statements:

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in eMedia Network's periodic filings with Canadian Securities Regulators. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially.

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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