For
      Immediate Release

     

    
      	
              Press
                Contacts:

            	 
	
              William
                Hoffman

            	
              Amanda
                George

            
	
              NeoMedia
                Technologies, Inc.

            	
              NeoMedia
                Technologies

            
	
              +(239)
                337-3434

            	
              +(239)
                337-3434

            
	
              whoffman@neom.com

            	
              ageorge@neom.com

            


    

    


    NeoMedia
      Appoints Frank Pazera as Chief Financial Officer

    


    FT.
      MYERS, FL, October 19, 2007 -- NeoMedia Technologies (OTCBB: NEOM), announced
      today that it has appointed Frank Pazera, Partner with Tatum, LLC, as Chief
      Financial Officer. Mr. Pazera, 46, replaces Scott Womble who has served as
      the
      company’s interim Chief Financial Officer and will remain with the Company as
      Chief Accounting Officer.

    


    Mr.
      Pazera, a partner in the Atlanta office of Tatum LLC, has held CFO positions
      in
      both publicly traded and privately held technology companies. Mr. Pazera began
      his career at Arthur Andersen & Co. Previously, Mr. Pazera was Interim CEO
      of Covista Communications, Inc. where he also previously served as CFO and
      Treasurer. 

    


    Mr.
      Pazera held Senior Financial Executive positions at Airgate PCS, Inc., Network
      One, MCI Telecommunications and Turner Broadcasting, among many others. Mr.
      Pazera holds a BBA in Accounting from the University of Wisconsin, Milwaukee
      and
      an MBA from the Goizueta Business School at Emory University,
      Atlanta.

    


    "
      Scott
      has significantly contributed to the redevelopment of NeoMedia, I am confident
      that Frank has the expertise to help the company through our next critical
      stages of development and beyond,” said NeoMedia Chief Executive Officer,
      William J. Hoffman.

    


    NeoMedia
      Technologies, Inc. (OTCBB:
      NEOM)
      is the
      global leader in optically
      initiated wireless transactions, bridging the physical and mobile world with
      innovative direct to web technology solutions. To provide
      a
      robust
      high-performance infrastructure
      for the
      processing of optical codes NeoMedia
      extends their offering with award winning Gavitec technology. Located in
      Germany, Gavitec AG-mobile digit is a leader in development and distribution
      of
      mobile scanners and software for mobile applications. In addition, Gavitec
      provides standardized and individual solutions for mobile marketing, couponing,
      ticketing and payment systems. To
      learn
      more visit www.neom.com,
      www.qode.com,
      and
www.mobiledigit.de

    


    About
      Tatum Founded
      in 1993, Tatum is the largest and fastest-growing executive services firm in
      the
      United States, helping companies of all sizes across industries to accelerate
      business success and create more valueTM by engaging its best in class executive
      leadership. Based in Atlanta, Tatum's more than 700 executive partners and
      professionals provide strategic and operating leadership in finance and
      information technology across 33 offices nationwide. Tatum is distinct in its
      ability to immediately mobilize and integrate the right leadership to assess,
      forecast, plan and oversee any business scenario. For more information, please
      visit www.TatumLLC.com.

    


    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.