SOURCE: ubroadcast, inc.

February 25, 2010 07:25 ET

ubroadcast Closes Acquisition of iVu Media Corp.

Acquired Technologies to Enhance ubroadcast.com's Broadcasting, Pay-Per-View, Corporate Communications Capabilities

SAN DIEGO, CA--(Marketwire - February 25, 2010) - ubroadcast, inc. (OTCBB: UBCI), a leader in Internet Broadcasting, today announced that it has completed the acquisition of iVu Media Corp. (www.ivumedia.com), an Alexandria, VA-based software company that developed and owns a state-of-the-art Video Content Management (VCM) system. iVu Media's VCM works in tandem with a High Definition Playback technology, an Internet broadcasting platform that has attracted Fortune 500 clients, including Sony, Ford and Honda, Fox Sports and many leading international broadcasting firms.

The iVu Media platform offers a rich set of next generation features and functions focused on enhancing the user online video viewing experience. The platform offers the industry first multi-player playback technology as well as the industry first true interactive experience through contextual ad-serving capabilities, user interactive social networking capabilities, multiple viewing options such as PPV and P2V as well as a comprehensive administrative and business reporting and dashboard.

The iVu Media platform sets a new vision of how rich content should be managed and monetized offering extensive management capabilities of digital assets with full DRM protection, geo-blocking features as well as support for multi-level portal design for retailers as well as affiliates with full workflow and process automation of content distribution and tracking.

By integrating iVu Media's VCM into its current Internet broadcasting platform, ubroadcast.com will have significantly increased the flexibility and power of its platform, placing it in a stronger position to generate revenues from the website's operations, especially within the corporate communications niche market.

Formed in March of 2009, iVu Media generated total revenues of $446,000 and a net profit of $33,000 for the nine months ending December 31, 2009. Under the terms of the agreement, ubroadcast will issue 10,000,000 common shares in exchange for all of the issued and outstanding securities of iVu Media.

Broadcasters and viewers can sign up for a free trial account, then start broadcasting LIVE, at www.ubroadcast.com.

About ubroadcast, inc.

UBCI's ubroadcast.com allows users to produce and broadcast LIVE and On Demand television and radio in high quality. By blending this user-generated content and UBCI's own original programming in a single application, UBCI bridges the gap between Internet video and traditional network radio and television.

Rolling Stone magazine, About.com, TechCrunch.com, and ABC News have all given ubroadcast media attention, and The San Diego Business Journal headline stated that the market for ubroadcast programs could be "Larger than MySpace and YouTube."

Please visit www.ubroadcast.com for more information, and follow us on Twitter: www.twitter.com/ubroadcast; Myspace: myspace.com/ubroadcast; and on Facebook.

Safe Harbor Statement

This press release contains statements that may constitute forward-looking statements, including the company's ability to complete a business acquisition. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about UBCI's future business and financial results, refer to UBCI's Annual Report on Form 10-K for the year ended December 31, 2008. UBCI undertakes no obligation to update any forward-looking statements that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.

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