NeoMedia Technologies, Inc (NEOM)

[Decarz]

CHARLES W FRITZ; DID A BUYBACK OF SHARES....
FORMER FOUNDER & CEO OF NEOMEDIA

Business Editors/High Tech Writers

FORT MYERS, Fla.--(BUSINESS WIRE)--Nov. 30, 2000

Worldwide Leader in Print-to-Internet Technology

to Buy Back 250,000 Shares

NeoMedia Technologies, Inc. (Nasdaq:NEOM), the worldwide leader in print-to-Internet technology, said today that its Board has approved a stock repurchase program authorizing the buyback of up to 250,000 shares of the company's common shares at market value.

***** Charles W. Fritz, founder, chairman and CEO of NeoMedia, said the program would begin immediately. *****

"The past month has been one of the most exciting in NeoMedia's history," said Fritz. "The company has received $5 million in cash as the initial payment on a very exciting contract licensing our patented intellectual properties (see `NeoMedia Signs $100+ Million Patent Licensing Contract With Digital:Convergence,', October 19, 2000), and is completing a profitable quarter (see `NeoMedia Technologies Anticipates Profitable Fourth Quarter,' October 23, 2000). Today's approval of the stock repurchase program by our Board should serve to build on this momentum heading into 2001," he said.

"NeoMedia is focused and on track," added Fritz. "We are working to grow existing business while also moving forward with new programs to license our patented intellectual properties and to expand sales through value-added resellers. We believe the current price of our stock to be far more reflective of market conditions than performance, including the great opportunities for growth and expansion which exist today."

About NeoMedia Technologies