Pixman Nomadic Media Inc. Announces Private Placements Totaling $7,605,459, the Acquisition of Pixnet Inc. and the Conclusion of an Exclusive Licence Agreement for its Pixpal® Applications

Pixman Nomadic Media Inc. (TSXV: ‘‘PMN’’) (‘‘Pixman’’) is delighted to announce that it has entered into a number of agreements including different private placements for a total amount of $7,605,459, the acquisition of all Pixnet Inc.’s (‘‘Pixnet’’) shares, as well as the acquisition of an exclusive intellectual property licence for the development of interactive applications and user interfaces.

The conclusion of these private placements represents a major investment for Pixman. It will notably contribute to the financing of its upcoming growth stages. Through the acquisition of Pixnet’s shares, a private company specialized in networking technologies, Pixman will quickly grow its global strategy by integrating Pixnet’s unique applications to its technology, as well as by maximizing mutual synergies.

“This acquisition, added to this major investment, confirms our leadership in the sector of tactical and mobile marketing,’’ said Mr. Philippe Gribeauval, President and CEO of Pixman.

“The acquisition of Pixnet’s unique technology represents a logical extension of our strategy,” he added. “Today, consumers engage with their preferred brands, through the physical deployment of our ‘Pixman’ worldwide. Tomorrow, we will extend this relationship through the virtual dimension.”

Following is more information with regards to these transactions (PDF)