NeoMedia Announces Cancelation of Planned Special Meeting of Shareholders

NeoMedia Announces Cancelation of Planned Special Meeting of Shareholders

Atlanta, October 30, 2008: NeoMedia Technologies, Inc. (OTC BB: NEOM) today announced that it has cancelled its planned Special Meeting of Shareholders which had been scheduled for December 10, 2008. NeoMedia also announced that its quarterly shareholder update call will take place on November 19, 2008. Additionally, the Company announced that it has begun the planning process for its annual meeting of Shareholders in 2009.

Michael Zima, CFO of NeoMedia Technologies, Inc., stated: “We considered the potential benefits and detriments and determined that it was better to not proceed with the special meeting of shareholders at this time. However, we are planning our next quarterly shareholder update for November 19, 2008 and will announce the details of that conference call in the near future. We are also in the planning stages for our annual meeting of shareholders which will be held in May or June of 2009.”

About NeoMedia Technologies:
NeoMedia Technologies, Inc. (USA) is a world market leader in the field of optically initiated transactions, applying innovative solutions to combine the physical and mobile worlds with its patented, leading-edge mobile Direct-to-Web technology. In order to offer the customer a stable, high-performance infrastructure for processing optical codes, NeoMedia is expanding its offerings by adding the award-winning Gavitec technology. Gavitec AG mobile digit, a member company of NeoMedia Technologies (OTCBB: NEOM), is a leading provider of technical equipment for code reading systems and software for mobile communications applications. Gavitec AG is based in Germany and offers standardized and individual solutions for mobile marketing, mobile couponing, mobile ticketing and mobile payment systems. For further information, please visit: www.neom.com, www.neoreader.com and www.mobiledigit.de.

Contacts
NeoMedia Technologies, Inc.
+1 303-546-7946

This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement