SOURCE: ubroadcast, inc.

January 13, 2010 13:15 ET Signs Letter of Intent to Acquire iVu Media Corp.

SAN DIEGO, CA--(Marketwire - January 13, 2010) - ubroadcast, inc.(OTCBB: UBCI), a leader in Internet Broadcasting, today announced that it has signed a letter of intent to acquire Alexandria, VA-based iVu Media Corp. (, the developer of a state-of-the-art Video Content Management (VCM) system that works in tandem with High Definition Playback video technology, comprehensive ad serving monetization sources, reporting and analytics and mobile support.

iVu Media's clients include Fox Sports, Sony, Ford and Honda. For 2009, iVu Media had revenues of less than $500,000. Founded in the fourth quarter of 2008, iVu Media has offices in the United States, UK, and the Middle East.

Pursuant to the letter of intent, the parties are to complete negotiations and sign a definitive acquisition agreement during February 2010.

John Castiglione, ubroadcast's President, stated, "iVu Media's VCM system, coupled with their impressive customer base, make this an ideal acquisition for us. We believe iVu Media's management and technologies are a perfect complement to ubroadcast, and it is our belief that this acquisition will help strengthen our organization in many ways as we continue to build value for our shareholders."

Broadcasters and viewers can sign up for a free trial account, and start broadcasting LIVE, at

About ubroadcast, inc.

UBCI's 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,,, 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."

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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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