Axia NetMedia Corporation: Webcast of 2009 Annual General Meeting and Release
of First Quarter Fiscal 2010 Results and Investor Conference Call

CALGARY , Nov. 3 /CNW/ - Axia NetMedia Corporation's ("Axia") 2009 Annual General Meeting of Shareholders will be held on Monday, November 9, 2009 at 3 p.m. (Mountain) in the Enmax Ballroom, Calgary Chamber of Commerce, 100 6th Avenue S.W., Calgary , Alberta. It will be webcast via CNW Group.

Additionally, Axia will release its first quarter fiscal 2010 results on Monday, November 9, 2009 after market close. A conference call for the investment community on the first quarter fiscal 2010 results will be held Tuesday, November 10, 2009 at 3 p.m. (Eastern) and 1 p.m. (Mountain).

The details of each event are as follows:

2009 Annual General Meeting Webcast

Axia NetMedia Corporation's 2009 Annual General Meeting of Shareholders will be live webcast on Monday, November 9, 2009 at 5 p.m. (Eastern) and 3 p.m. (Mountain) at:

http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2833600

Click on the "listen to webcast" icon on the screen.

A replay will be available via Axia's website www.axia.com or at:

http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2833600 from 7 p.m. (ET ) Monday, November 9, 2009 to midnight (ET) Monday, November 16, 2009 , or through the webcast archives at http://www.newswire.ca.

First Quarter Fiscal 2010 Results and Conference Call

Axia NetMedia Corporation will release its first quarter fiscal 2010 results on Monday, November 9, 2009 , after market close.

A conference call for the investment community will be held Tuesday, November 10, 2009 at 3 p.m. (Eastern) and 1 p.m. (Mountain). Axia Chairman and CEO Art Price , Axia Canada President and Executive Vice-President Murray Sigler , and Chief Financial Officer Peter McKeown will participate.

To participate in the conference call, please dial [phone] in Toronto and internationally. If you are connecting from other parts of Canada , dial 1-800-594-3790. Please call ten minutes prior to the start of the call.

A live webcast (listen only mode) of the conference call will be available at: http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2831400

A replay of the conference call will be available at [phone] or 1-877-289-8525, passcode 4169796 followed by the number sign from 5 p.m. (ET ) Tuesday, November 10, 2009 to midnight (ET) Tuesday, November 17, 2009 , or through the webcast archives at http://www.newswire.ca.

About Axia

Axia sells Real Broadband(TM) and passive services on Next Generation Networks that have implemented the Axia NGN Solution. The Axia NGN Solution has been implemented in Alberta, France and Singapore . Axia trades on the Toronto Stock Exchange under the symbol "AXX". For more information, visit its website at www.axia.com.

This News Release contains forward looking statements, including, without limitation, statements containing the words "should", "believe", "anticipate", "may", "plan", "will", "continue", "intend", "expect", "estimate" and other similar expressions which constitute "forward looking information" within the meaning of applicable Canadian securities laws. These statements are based on our current expectations, estimates, forecasts and assumptions about the operating environment, economies and markets in which we operate and are subject to important assumptions, risks and uncertainties that are difficult to predict. Examples of these statements would include those where Axia forecasts its success and timing in winning new OAN NextGen contracts, the timing of completion and estimated total costs of these networks, the revenues and operating costs associated with these networks over time, and Axia's ability to generate future cash flows and avail itself of other financing alternatives given current market conditions. The assumptions, risks and uncertainties that could cause actual results to differ materially from the forward looking information, include, but are not limited to, changes in customer markets, changes in demand for our services, our inability to deliver services in a timely and cost efficient manner, technological change, general economic conditions and other risks detailed from time to time in our ongoing filings with the Canadian securities regulatory authorities, including those in our Annual Information Form, which filings can be found at www.sedar.com. Given these assumptions, risks and uncertainties, readers are cautioned not to place undue reliance on such forward looking statements. Unless otherwise required by applicable securities laws, we undertake no obligation to publicly update or revise any forward looking statements either as a result of new information, future events or otherwise.

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For further information: Dawn Tinling VP, Investor Relations and Communications, Axia NetMedia Corporation, [phone], [email protected]