RepeatSeat Ltd.
TSX VENTURE : RPS

RepeatSeat Ltd.

June 19, 2008 09:30 ET

RepeatSeat Closes Acquisition of MyMovies.ca Mobile Search Engine

CALGARY, ALBERTA--(Marketwire - June 19, 2008) - RepeatSeat Ltd. (TSX VENTURE:RPS) is pleased to announce the closing of the acquisition of certain assets of Don't Shoot the Messenger Inc. ("DSTM") including their industry leading mobile Canadian movie search engine, MyMovies.ca.

Currently there are more than 100 million mobile content users worldwide and the MyMovies.ca acquisition will allow RepeatSeat to be in an industry leading position at the center of this expanding market in Canada. MyMovies.ca currently has listings for over 400 theatre locations, and over 2400 screens across Canada and received over two million hits to their site from 25000 unique visitors.

RepeatSeat President and COO Bob Christianson stated, "The acquisition of MyMovies.ca will enable RepeatSeat to provide a more complete mCommerce solution in Canada. RepeatSeat plans to completely integrate the MyMovies.ca website by using our North American leading mCommerce movie ticketing solution allowing users to take the next logical step and purchase a ticket to the movie they searched. The opportunity to expand the service to preview U.S. movie times on the WAP deck will also serve as a vehicle for marketing our mCommerce ticketing solution into the United States movie, live event and attractions markets."

Mobile handset and network technology has now evolved to a point where true mobile web access is widely available. Experts anticipate that by 2011, just under half of all mobile subscribers worldwide will use mobile browsing and the overall mobile entertainment market will grow from US$18.84 billion in 2006 to US$38.12 billion in the next four years. Mr. Christianson noted " RepeatSeat is using strategic acquisitions like MyMovies.ca to ensure we are well positioned to take advantage of the inevitable transition to mobile from the Internet as the dominant vehicle for delivery of entertainment information, communication, ticketing and redemption. Recent increases in our Canadian mobile movie ticket sales are indicative that consumers are recognizing that their mobile device is a reliable extension of the Internet."

The acquisition of DSTM is being funded through the issuance of 160,000 RPS common shares at a deemed value of $0.25 per common share.

About Don't Shoot the Messenger

DSTM is a pioneer in the wireless Internet business who launched their first wireless website, MyMovies.ca, in 2000 when the medium was brand new. This wireless site lets users check movie listings - what's playing, where and at what time shows start. Today MyMovies.ca provides movie listings, show times and movie reviews on the wireless browser for over 400 theatre locations, and over 2400 screens across Canada.

About RepeatSeat:

RepeatSeat is a leading interactive entertainment services company, offering private label ticketing throughout North America. RepeatSeat's innovative Ticket Relationship Management (TRMTM) solutions provide a proprietary portfolio of products to sporting and live event venues, tour and excursion companies, ski hills and movie theatres. All point of sale, Internet and mobile solutions feature full end-user data capture and management. For more information on RepeatSeat, visit www.repeatseat.com.

For RepeatSeat investor relations needs, investors are asked to visit the RepeatSeat Investor Relations website at http://www.agoracom.com/ir/repeatseat where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to rps@agoracom.com where they can also request their addition to the investor e-mail list to receive all future press releases and updates in real time.

Advisory Regarding Forward-Looking Statements:

Certain information with respect to the Company contained herein contains forward-looking statements. These forward-looking statements are based on assumptions and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including, but not limited to, the impact of general economic conditions, industry conditions, stock market volatility and ability to access sufficient financing. As a result, the Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any events anticipated by the forward-looking statements will transpire or occur. In addition, the reader is cautioned that historical results are not necessarily indicative of future performance.

The TSX Venture Exchange does not accept responsibility for the adequacy and accuracy of this release.

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