DGAP-News

Innov8 Social Media PLC: Lifting of Suspension and Update for Shareholders

DGAP-News: Innov8 Social Media PLC / Key word(s): Miscellaneous
Innov8 Social Media PLC: Lifting of Suspension and Update for
Shareholders

10.09.2012 / 08:44

---

The Board of Directors of Innov8 Social Media plc  (´Innov8´ or the
´Company´) are pleased to be able to report to Shareholders that following
a lengthy investigation into market manipulation and the unlawful
activities of a party unknown to the Company, the Frankfurt Stock Exchange
have reinstated the Company´s listing with immediate effect.

The Directors have been liaising with the authorities and the Exchange in
order to enable them to satisfy their investigations, and are pleased that
a successful outcome has been achieved for the benefit of Shareholders and
their interests.

Now that the Company´s suspension has been lifted, demonstrating confidence
in the Company, Brand and Management, Innov8 are able to concentrate on
carrying out investment activities in the social and digital media sectors
pursuant to the business plan.

Management are pleased to report that there have been a number of exciting
developments relating to the Company´s investment in Social Data Analytics
and Interest Tree technology company eSeekers (owner of the Xen brand)
which will be reported to Shareholders in a full update to be issued by the
Company within the next week. Innov8 are currently in advanced discussions
with a number of existing shareholders of eSeekers with a view to
increasing the Company´s stake, terms for which have already been agreed in
principle with one vendor. The Board will update the market as soon as any
transaction is concluded. This investment decision reinforces the Board´s
belief that the investment represents strong growth potential for Innov8
and it´s investors.

Commenting is CEO, Richard Chilvers;
We are extremely pleased that the suspension has been lifted and confidence
in our Company reinstated. We thank our shareholders and investors for
their continued support and patience whilst we have been working to resolve
the situation with the Exchange. We have obviously been focusing our
efforts on this over the last few months as restoring our quote on the FSE,
which we know has been an important factor in regaining confidence from the
investment community and repairing damage done to the Innov8 brand
resulting from the market manipulation activities of an unknown party. Now
resolved we are refocusing our efforts on our investments and further
growing the portfolio, updates for which we will have for shareholders in
due course. We are very pleased with the recent performance of our core
investments and are also pleased to report that our incubator successfully
launched.  Therefore despite the unfortunate recent events we firmly
believe that we will have exciting developments ahead and will be able to
develop our business as we had originally set out to. For more information
on our investments and our strategy and If you are a shareholder in the
company and would like to receive a copy of our business plan please email
[e-mail].

** END OF NEWS RELEASE **

About Innov8
Innov8 Social Media Plc (´Innov8´) is an active investor in social and
digital media technologies, which was formed in 2011 to capitalise on a
number of opportunities in this rapidly growing and dynamic market segment.
The Company looks to grow its existing portfolio of assets which range
across a number of subsectors including semantic web 3.0 solutions, social
data analytics, e-commerce and social gaming. Innov8´s vision is to become
a globally recognised, market leading investment platform for young
companies and emergent technologies in the social and digital media
sectors.
Innov8 Social Media Plc, 1 Kings Avenue, Winchmore Hill, London N21 3NA, UK

www.inov8social.com or www.innov8socialmedia.com
Stock Exchanges: Frankfurt, ISIN: GB00B7619Q46, Ticker: I8SM, WKN: A1JNWE

Disclaimer
This news release may contain certain forward-looking statements,
expectations, intentions, strategies and beliefs regarding the future. All
statements contained herein are based upon information available to the
management of Innov8 Social Media Plc as of the date hereof, and actual
results may vary based upon future events, both within and without the
control of the management, including risks and uncertainties that could
cause actual results to differ materially.
Management does not take any responsibility to update the contents of this
News Release in case new aspects arise or new conditions change the facts
available.

End of Corporate News

---

10.09.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP´s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

184665 10.09.2012