A Power Energy Generation Systems : SoMedia Completes Long Term Debt Restructuring & Amends Private Placement Offering

Vancouver BC, September 30, 2014 - SoMedia Networks (TSX-V:VID), the pioneer of globally scalable video production solutions has restructured an existing debenture Photon Global Ltd which matured in the quarter whereby the original principal and interest is rolled into a new debenture (the "Debenture") maturing on June 30, 2016. The Debenture, valued at $547,936, bears interest at 10% per annum, compounded monthly. The interest on the Debenture is convertible at the discounted market price at the time of conversion, with a minimum exercise price of $0.25 per share. The Debenture may be called by the Company at any time. If the call is made in the first 12 months of the Debenture, the Company must pay an additional penalty of 15% of the outstanding value of the Debenture, including accrued interest, at the time of the call. An incentive of $55,160.97 was included to induce the original investor to accept the terms of the new agreement, and will be paid over the next 9 months. This incentive is accounted for as a short-term loan.

SoMedia is also amending the terms of its previously announced non-brokered private placement offering (the "Offering") of up to 4,722,223 units ("Units") at a price of $0.18 per Unit for gross proceeds of up to $850,000. The amended Offering will be a non-brokered private placement offering (the "Amended Offering") of up to 5,312,500 units at a price of $0.16 per Unit for gross proceeds of up to $850,000. Each Unit will consist of one common share of the Company and one half of one share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder thereof to purchase one common share of the Company at a price of $0.25 per share for a period of two years from the date of issuance. The proceeds of the Amended Offering will be used for general working capital purposes.

The Company may pay finder's fees in connection with the Amended Offering, subject to compliance with the policies of the TSX Venture Exchange (the "Exchange"). Completion of the Amended Offering remains subject to the approval of the TSX Venture Exchange. All securities issued under the Amended Offering or the Debenture will have a four month statutory hold period.

About SoMedia Networks

SoMedia Networks, 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.

Company Contact:
George Fleming, CEO
Tel: [phone]
Email: [e-mail]

Canadian Investor Contact:
Greg Werbowski, SoMedia Networks
Tel: [phone] ext. 590
Email: [e-mail]

U.S. Investor Contact:
Michael Koehler or Matt Glover, Liolios Group
Tel: [phone]
Email: [e-mail]

Media Contact:
Annette Leach, Hotwire PR
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Email: [e-mail]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in 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, 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