eMedia Networks International Corp. (TSX VENTURE:EMM) ("eMedia" or the
"Corporation"), announced today that the Corporation has completed a Purchase
Agreement to purchase all of the issued and outstanding shares of a private
company ("PrivCo") for $988,753. On closing date, the Corporation will pay
$750,000 of the purchase price with the balance paid over 24 months. The
purchase price was negotiated at arm's length and no finders' fees will be paid.
The acquisition is financed by a $750,000 loan from the Business Development
Bank of Canada ("BDC") that shall bear interest equal to BDC's Floating Base
Rate (currently 5% per annum) plus a variance of 8.5% per annum. The loan is
secured by a first security interest on the Corporation's assets and a
subordinated security interest on after-acquired assets, in addition to
Conditional Guarantees of Mr. Reiter, CEO of eMedia and Mr. Athwal, founder and
CFO of eMedia.


PrivCo provides customized music services in order that their clients can
maximize their desired in-store branding image and as at the acquisition date
has annual gross revenues of $950,000. 


Mr. Athwal commented that the acquisition of PrivCo will enhance the business of
the Corporation and will offer eMedia's current customers additional services to
complement those currently offered by the Corporation.


About eMedia Networks

eMedia provides custom music programming for in-store retail brands and other
consumer environments. Since 1991, eMedia has provided an end-to-end audio
solution for retailers that require custom selected music to play in their
stores. Through its low-cost emPlayer audio product, eMedia serves over 5,000
subscribers in North America. emPlayer is a proprietary audio player capable of
playing CD-quality music and custom audio content from playlists controlled
on-site or remotely through the Internet. The Company trades on the TSX Venture
Exchange under the symbol EMM. For more information, visit
www.emedianetworks.com.


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