NeoMedia Implements Acquisition Strategy in Becoming a 'Driving Force' in Mobile Internet Applications

Business Wire, Feb 16, 2006

Two New Business Units

In addition, he said NeoMedia has two new business units "representing opportunistic investments in markets and companies with major shareholder upside potential" - NeoMedia Micro Paint Repair and NeoMedia Telecom Services.

NeoMedia Micro Paint Repair was formed in 2004 following the acquisition of CSI International, Inc., of Calgary, Alberta, Canada, a company recognized for its significant growth potential in the emerging micro paint industry and what Mr. Jensen called "a superior IP competitive advantage."

Micro repair is the ability to make permanent cosmetic paint repairs on vehicles in an unusually short time, usually less than an hour, all but eliminating time-consuming and costly masking and/or removal of fenders, doors, panels and other auto body parts.

Mr. Jensen said NeoMedia's goal "is to increase the business unit valuation by aggressively growing Micro Paint Repair into the leading player in the cosmetic paint repair industry."

NeoMedia Telecom Services is the newest business unit, and will incorporate Triton Global Business Services of Calgary (OTC BB: BSDS), now being acquired by NeoMedia, and its operating entity, Triton Global Business Services of Calgary, Alberta, Canada. For the 12 months ending July 31, 2005, total revenue for the Triton companies was $7.4 million.

"This coming acquisition," said Mr. Jensen, "will launch NeoMedia's entry into the telecom industry and is expected to immediately inject revenue into the company. NeoMedia is working to bring more innovative technologies to the forefront through its proprietary technology, valuable partnerships and opportunistic acquisitions, with further newsworthy announcements anticipated in the near future."

About NeoMedia Technologies, Inc.

NeoMedia Technologies, Inc. (www.neom.com), is a developer and international marketer of software and patented technologies, including the PaperClick (www.PaperClick.com) platform, PaperClick for Camera Phones(TM) and the PaperClick Mobile Go-Window(TM), which provide One Click To Content(TM) connectivity for products, print, and physical objects to link directly to specific desired content on the mobile Internet. NeoMedia also offers a variety of mobile enterprise solutions, including expertise in homeland security and e-authentication applications, and its Systems Integration Group specializes in providing expert-based IT consulting, hardware, and software solutions.

About NeoMedia Micro Paint Repair, Inc.

NeoMedia Micro Paint Repair, Inc. (www.micropaint.net) is a business unit of NeoMedia Technologies, Inc. Formerly known as CSI International Inc., the company specializes in products and services for the worldwide micro paint repair industry, including a system and processes utilizing proprietary technology.

This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.