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File: NR - Announcing convertible note financing (FINAL).pdf

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FOR IMMEDIATE RELEASE



SoMedia Announces Private Placement of $200,000 Convertible Notes
Vancouver, British Columbia, October 31, 2014 � SoMedia Networks Inc. (TSX-V:VID), the pioneer of
scalable video production solutions, today announces a non-brokered private placement ("Private
Placement") CDN$200,000 (the "Note"). Under the terms of the financing each Note will be issued at
a price of $10,000 and will be accompanied by 35,000 detachable common share purchase warrants,
at a price of $0.20 per common share for a period of one year from the date of issuance. The Note
will mature 12 months from the date of issuance and will bear interest at 12% per annum..

In the event the Company completes a financing of not less than US$1.5 million (the "Additional
Financing") the noteholder ("Holder") may elect to redeem the Note and all amounts owing thereunder.
Additionally, the Holder may convert the Note any time after December 31, 2014. On conversion, the
principal amount of the Notes and all accrued interest will be converted into units (the "Conversion
Units") of SoMedia at a conversion price based on the average closing price of the common shares
during any 10 day period prior to providing the notice of the intent to convert with a minimum price of
$0.20 per Conversion Unit. Each Conversion Unit will be comprised of one common share of SoMedia
and one half of one non-transferable share purchase warrant (each whole warrant, a "Warrant"). Each
Warrant will entitle the Holder to purchase one common share (each, a "Warrant Share") of the
Company at a price that is at a 50% premium to the conversion price of the Notes until the date that
is 36 months after the date of conversion.

All securities issued in connection with the Private Placement will be subject to a hold period of four
months plus one day from the date of issuance of the Note. Completion of the Private Placement is
subject to various conditions including receipt of the approval of the TSX Venture Exchange. The
proceeds from the Notes are expected to be used for working capital purposes.

About SoMedia Networks Inc.

SoMedia Networks Inc., the creator of Scalable Video, has reengineered how businesses access video
content creation, production and deployment. The cloud-based SoMedia Platform allows businesses,
brands and media to easily order the production of custom video content at scale and volume,
anywhere, on demand, with rapid turnaround, and at a fraction of current costs.

SoMedia provides Scalable Video as an integrated solution to corporate partners, as a resale solution
through thousands of web marketing firms and directly to digital agencies and millions of SMBs across
North America. To learn more visit: www.somedia.net.




221 E 10th Ave, Suite 201 Vancouver, BC Canada V5T 4V1 | Tel: 604.683.5510 | somedia.net
 FOR MORE INFORMATION:

Company Contact:                                             Media Contact:
George Fleming, Chairman & co-CEO                            Annette Leach, Hotwire PR
Tel: 604.683.5510                                            Tel: 415.840.2790
Email: gfleming@somedia.net                                  Email: somedia@hotwirepr.com

U.S. Investor Contact:                                       Canadian Investor Contact:
Michael Koehler or Matt Glover, Liolios Group                Greg Werbowski, SoMedia Networks
Tel: 949.574.3860                                            Tel: 604.683.5510 ext. 590
Email: VID@liolios.com                                       Email: gwerbowski@somedia.net



Neither the 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. This news
release includes forward-looking statements that are subject to risks and uncertainties. All statements within,
other than statements of historical fact, are to be considered forward looking. Although the Company believes
the expectations expressed in such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results or developments may differ materially
from those in forward-looking statements. Factors that could cause actual results to differ materially from
those in forward-looking statements include market prices, exploitation and exploration successes, continued
availability of capital and financing, and general economic, market or business conditions. There can be no
assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own
evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the
United States. The securities have not been and will not be registered under the United States Securities Act
of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold
within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.




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