Synchronica proposes acquisition of remaining shares of iseemedia through an
amalgamation

ROYAL TUNBRIDGE WELLS, UNITED KINGDOM, Dec. 24 /CNW/ - Synchronica plc ("Synchronica" or "the Company") (AIM:SYNC;  TSX VENTURE:SYN) the international provider of push email, instant messaging and social networking services, announces that, following its acquisition of approximately 86% of the shares of its competitor iseemedia Inc. ("iseemedia") through a takeover bid that was completed in October of 2010, the Company proposes to acquire the remaining shares of iseemedia that it does not currently own by way of an amalgamation (the "Amalgamation").  Upon completion of the Amalgamation, iseemedia would become a wholly-owned subsidiary of the Company.

The Amalgamation was approved by the shareholders of iseemedia on December 23, 2010 and is subject to the approval of the TSX Venture Exchange. 

On the effective date of the Amalgamation, anticipated to be on December 31, 2010, assuming the Amalgamation is completed:  (i) each issued and outstanding iseemedia share (other than those held by dissenting shareholders of iseemedia or Synchronica Canada Inc.) will be converted into 0.2687 of a share of the Company; and (ii) each issued and outstanding iseemedia share held by a dissenting shareholder, if any, will be cancelled and become an entitlement to be paid the fair value of such share and each dissenting shareholder will cease to have any rights as a shareholder other than the right to be paid the fair value in respect of the iseemedia shares formerly held by such dissenting shareholder in accordance with the provisions of the Canada Business Corporations Act.

About Synchronica

Synchronica plc is a leading developer of next-generation mobile messaging solutions based on open industry standards. The award-winning product portfolio includes the flagship product Mobile Gateway, providing push email, synchronization, instant messaging, backup & restore and mobile connectivity to social networks. Synchronica's products are white-labeled and offered by mobile operators in emerging and developed markets to provide mass-market messaging services, increasing data revenues and reducing churn.

Synchronica's Mobile Gateway provides a unique multi-protocol gateway combining Push IMAP, SyncML, ActiveSync, Email-to-MMS and Email-to-SMS, delivering push email and synchronization to literally any mobile phone currently in the market without requiring an additional client to be downloaded. Expanding Instant Messaging to mobile devices, Mobile Gateway establishes carrier-branded IM communities using the industry-standard XMPP and provides gateways to popular Internet IM communities connecting any IMPS enabled handset.

Headquartered in England, Synchronica also maintains a development centre in Germany, in addition to a regional presence in the USA, Hong Kong and Dubai. Synchronica plc is a public company traded on the AIM list of the London Stock Exchange (SYNC.L). For further information please visit www.synchronica.com.

Cautionary Statements

The foregoing information may contain forward-looking statements relating to the future performance of Synchronica plc. Forward-looking statements, specifically those concerning future performance or results, are subject to certain risks and uncertainties, and actual results may differ materially from Synchronica's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the public filings and announcements made by Synchronica, including those made with AIM, a market of the London Stock Exchange, with the TSX Venture Exchange or with securities regulators.  Synchronica does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.   No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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