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NeoMedia Signs LOI to Form Strategic Partnership with Nextcode Corporation For Joint Marketing/Sales Efforts of PaperClick Licensing and Internet Linking
FT. MYERS, FL, Dec. 6, 2004 -- NeoMedia Technologies, Inc. (OTC BB: NEOM), today said it has signed a non-binding Letter of Intent with Nextcode Corporation to form a strategic partnership, with joint marketing and sales efforts, involving use of its PaperClick® technology and Nextcode Corporation's barcode reading software.
NeoMedia (www.neom.com), based in Fort Myers, develops software and patents technologies which link physical objects, such as consumer products and business assets, directly to targeted online data. Nextcode (www.nextcodecorp.com), based in Concord, Mass., provides barcode reading software and technology designed to enhance the usability of mobile phones and enable easy access to Internet-based content, services and commerce.
When finalized, the one-year renewable agreement would give the companies mutual rights to resell PaperClick Client Software™, PaperClick Code Activation™, PaperClick Server Software™ and PaperClick Integration Services™, as well as Nextcode's mobile barcode decoding applications and Nextcode's code creation and publishing systems.
PaperClick: The Linking Platform to the Internet
NeoMedia President, CEO and COO Charles T. Jensen said the agreement lays out basic strategies for his company's patented PaperClick technology platform to be used in conjunction with Nextcode's unique mobile barcode reading and code development technology.
"NeoMedia believes Nextcode provides impressive barcode technology specifically designed for the key technical and business demands of mobile phone environments," Mr. Jensen said. He said the agreement calls for NeoMedia and Nextcode to actively promote each other's complementary solutions to the burgeoning mobile content and commerce marketplace.
"Nextcode is very pleased to be teaming with NeoMedia," said Jim Levinger, the company's CEO. "It is great to have a partner who can provide a flexible and robust platform, supported by patented technology, to help us bring exciting new barcode enabled services to mobile users." Mr. Levinger said that during the term of the proposed agreement, Nextcode plans to use PaperClick as the product for linking to Internet content consistent with the methods outlined in NeoMedia's patents.
About NeoMedia Technologies, Inc.
NeoMedia Technologies, Inc. (www.neom.com), is a developer and international marketer of software and patented technologies, including PaperClick www.PaperClick.com), PaperClick for Camera Cell Phones™ and the PaperClick Mobile Go-Window, which link products, print, and physical objects directly to targeted online data. NeoMedia also offers expertise in homeland security and e-authentication applications, and its Systems Integration Group specializes in providing expert-based IT consulting, hardware, and software solutions.
About Nextcode Corporation
Nextcode Corporation (www.nextcodecorp.com), provides barcode reading software and technology that dramatically enhances the usability of mobile phones to access internet-based services and content and conduct mobile commerce. With Nextcode's software loaded on a camera phone, users can quickly and easily decode standard and two-dimensional barcodes that define Internet addresses or other key content that needs to be entered into the phone.
