DGAP-News

Innov8 Social Media PLC: Development of Xen´s Interest Graph Technology - Seite 2

personalised deals, meet interesting people, discover content and more all
powered by the interests they have marked and curated. The Directors of
Innov8 hope to receive a further update on this from the Company in due
course, which in turn will be reported to Shareholders.

The Company´s current market capitalisation is at a discount to the value
of the eSeekers investment, before taking into account the other
investments in Innov8´s portfolio. Management are looking to increase the
Company´s stake in eSeekers by approximately 20% as stated in previous
announcements, to be paid for with a cash consideration. Management believe
eSeekers will achieve a significant uplift in valuation on IPO which could
value Innov8´s stake at around £3.2 million.

Commenting, Richard Chilvers CEO;
´We note the sharp decline in our share price following the suspension,
which is the resulting effect of damaged investor confidence arising from
the attempted market manipulation and short selling. We would like our
investors to feel reassured by the fact that a full investigation was
carried out by the authorities and that our underlying investments continue
to perform. This is a promising update from our core investment eSeekers,
which is demonstrating strong potential in a highly valuable marketplace.
We are in the final stages of negotiation with a potential Vendor, in the
hope of securing an additional stake in eSeekers. We will update the market
in due course.´

** 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.

Ende der Corporate News

---

18.09.2012 Veröffentlichung einer Corporate News/Finanznachricht,
übermittelt durch die DGAP - ein Unternehmen der EquityStory AG.
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber
verantwortlich.

Die DGAP Distributionsservices umfassen gesetzliche Meldepflichten,
Corporate News/Finanznachrichten und Pressemitteilungen.
Medienarchiv unter http://www.dgap-medientreff.de und
http://www.dgap.de

---

185542 18.09.2012