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Innovium Invests US$1.8 Million in Seed Media Group.

TORONTO, ONTARIO, Apr 12, 2006 (CCNMatthews via COMTEX) -- Innovium Capital Corp. (TSX VENTURE:IN) reports that it has made an additional US$1,750,000 investment in Seed Media Group, LLC, a company based in New York City, for 35% of its Series B preferred shares. Co-investors include The Walnut Group, which was also a significant participant in the Series A preferred share financing of May 2005 in which Innovium invested US$800,000 for 20% of the Series A preferred shares. Both the Series A and Series B preferred shares are convertible into common shares.

Concurrent with the second capital infusion, Jamie Macintosh, President and COO of Innovium, will join Neil Raymond, ...

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