RepeatSeat Ltd.
TSX VENTURE : RPS

RepeatSeat Ltd.

April 25, 2008 09:20 ET

RepeatSeat to Expand Its North American Leading mCommerce Solution Through the Proposed Acquisition of Don't Shoot the Messenger

CALGARY, ALBERTA--(Marketwire - April 25, 2008) - RepeatSeat Ltd. (TSX VENTURE:RPS) is pleased to announce the proposed 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.

RepeatSeat President & CEO George Davidson stated "MyMovies.ca received over two million hits to their site last year from more than 25,000 unique visitors. The MyMovies.ca site is the leading mobile search destination for patrons seeking movie times and locations in Canada and now with RepeatSeat acquiring it, we will be able to deliver the next step in the process and monetize that user base. 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 just look up." Davidson continued "Mobile data services now account for over 10% of Canada's wireless revenues. Clearly there is a strong demand and growing interest in mobile content and we intend to continue to expand our leadership in delivering true mCommerce applications."

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.

Founder of Don't Shoot the Messenger Norm Cherwoniak commented, "We first launched MyMovies.ca in 2000 in the very early days of the wireless web and are grateful to the many people who were pioneers in using what was then a new medium and also to those who turned to us over the years to find movie listings at their fingertips. We are confident that with RepeatSeat's mCommerce solutions, the appeal of MyMovies will only continue to grow."

In October 2007 RepeatSeat, in conjunction with Cineplex Entertainment and Bell Mobility, launched the first mCommerce application in North America whereby patrons received a bar code delivered to their cell phone that could then be read by a bar code scanner at the movie theatre. The cost of the transaction is charged directly to their mobile phone bill. Davidson added "The ability to now add that technology to convert MyMovies patrons from browsing for information to completion of a purchase transaction by enabling a "buy tickets now" link on the MyMovies site immediately positions RepeatSeat even further ahead of any would be competitors."

2008 is projected by Hollywood to be a record breaking year at the box office and with the continued move to mobile device applications by the consumer, RepeatSeat continues to be well positioned to significantly capitalize on not only its strong strategic partnerships, but will also allow the Company to extend the technology lead that RepeatSeat clearly enjoys over traditional ticketing companies.

The proposed 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. The transaction is subject to regulatory approval but is expected to be concluded shortly.

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.


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