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To: Taki who wrote (116683)	7/15/2003 9:12:36 AM
From: Taki	Read Replies (1) \| Respond to of 150070

NEOM news. (COMTEX) B: NeoMedia Says Loch Energy Has Contract with Cokinos Oil Compan for Sale of First Truckloads of Oil from Its R.E. Bu B: NeoMedia Says Loch Energy Has Contract with Cokinos Oil Company for Sale of F rst Truckloads of Oil from Its R.E. Burt Lease Well FT. MYERS, Fla. & HOUSTON, Jul 15, 2003 (BUSINESS WIRE) -- NeoMedia Technologies, Inc. (OTCBB: NEOM), said today that Loch Energy, Inc., which it plans to acquire, has contracted with the Cokinos Oil Company for the sale of oil from one of its wells. "Patrick E. Ashworth, Loch's CEO, has a contract with Cokinos for oil from Loch's R.E. Burt lease," said Charles T. Jensen, NeoMedia's president and acting COO. Ashworth said "two to three truckloads, each representing 150 to 180 barrels from Loch's storage tanks, will be hauled away by Cokinos in a few days." Last week, Loch announced the anticipation of the sale (see "NeoMedia Says Loch Energy's First Burt Lease Well 'Exceeds Expectations' with Oil Sales Ready to Begin," Business Wire, July 9). NeoMedia previously announced plans to acquire and merge with Loch (see "NeoMedia Reaches Agreement in Principal to Acquire Loch Energy, Inc." Business Wire, March 13, 2003), which owns mineral and lease rights to five properties totaling approximately 130 acres. That announcement said evaluation and estimates by oil specialists of Loch's position show proven reserves of some 7,707,247 barrels, and probable reserves of an additional 5,963,748 barrels, more than 13.67 million barrels in all. About NeoMedia Technologies NeoMedia Technologies, Inc. (www.neom.com), is an innovator and international leader in print-to-Internet and other technologies which make information faster and easier to access, with expertise in homeland security and e-authentication applications. About Loch Energy, Inc. Loch Energy, Inc., is a low-cost, environmentally-conscientious and safe producer of oil and gas properties, and a strong advocate of creating an environment in which the oil and gas industry, and related businesses, prosper and grow through responsible development of Texas's natural resources. 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 SOURCE: NeoMedia Technologies, Inc. CONTACT: NeoMedia Technologies, Inc. Charles T. Jensen, 239/337-3434 cjensen@neom.com or Loch Energy, Inc. Patrick Ashworth, 281/548-0175 or The Kaminer Group David A. Kaminer, 914/684-1934 dkaminer@kamgrp.com URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2003 Business Wire. All rights reserved. -0- KEYWORD: TEXAS FLORIDA INDUSTRY KEYWORD: SOFTWARE HARDWARE ENVIRONMENT ENERGY OIL/GAS MARKETING AGREEMENTS * end of story *