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Press release from Marketwire

Mike Carr Is Appointed to the LeoNovus Advisory Board

Former British Telecom's Chief Science Officer Lends Expertise to Company's Global Initiatives

Tuesday, May 24, 2011

Mike Carr Is Appointed to the LeoNovus Advisory Board08:30 EDT Tuesday, May 24, 2011PALO ALTO, CA--(Marketwire - May 24, 2011) - LeoNovus Inc. ("LeoNovus" or the "Company") (TSX-V: LTV) today announced the appointment of Mike Carr to its newly formed Advisory Board. LeoNovus is developing a high performance browser-based Internet software platform with a managed system that will provide consumer electronic devices such as HDTVs access to all the features, content, and functionality available on the Internet without the malware, security and support issues of a PC.Mike Carr brings over 25 years of executive and technical expertise from the telecommunications industry with a long-term successful career at British Telecom (BT) where he served until recently as its Chief Science Officer. In this role, he was responsible for the Company's world-leading Research Labs, including Patent Licensing and Corporate Venturing activities globally. During his first 15 years with BT's Labs, his career focused on the research, development and practical design of real-time audio/visual and multimedia communications systems. He has several patents to his name in the field of video compression, and is the holder of two prestigious BT awards: the Martlesham Medal for R&D (1992) and the BT Gold medal (1994) for leading multimedia product developments. In 1998 he was elected President of the Digital Audio-Visual Council (DAVIC), a non-profit association based in Switzerland and representing over 200 companies in more than 25 countries, focused on developing specifications to maximize inter-operability of audiovisual systems."I am very impressed with the level of innovation coming out of LeoNovus," stated Mike Carr. "I am excited to be part of the team that is delivering on the promise of seamless, integrated and meaningfully personalized Internet on HDTV and other CE devices. I believe that the LeoNovus platform will deliver enormous value by being a key enabler for the telecommunications, cable, HDTV and other consumer electronic manufacturers.""I am thrilled that Mike has agreed to join our Advisory Board," said Paul Master, CTO of LeoNovus. "His hands-on knowledge of a range of technologies and expertise in technology strategy, coupled with his genuine leadership style, promise to make him a true asset to LeoNovus. We look forward to his input with regards to the commitments already in place from Telco's in the U.S. and Europe."LeoNovus is committed to developing high quality personalized next generation products to deliver all the video, all the web, all the games, at any time in a very personalized consumer friendly way. The LeoNovus approach to Internet TV seeks to introduce a unique "profitability" component that has been missing from current attempts to expand the Web onto the TV -- an integrated content management system that will deliver carefully targeted ads, marketing campaigns, services and applications that are linked to individual viewer preferences and interests. This combination of an intuitive smart client and integrated content management is expected to bring a new level of specificity and accountability to revenue models.About LeoNovus Inc. (www.LeoNovus.com)</b>LeoNovus is developing a high performance browser-based Internet platform with a managed system approach that will provide HDTVs and other consumer electronic devices with access to all the features, content, and functionality available on the Web without the malware, security and support issues of a PC. LeoNovus seeks to change the way high-value Internet content is organized, monetized, and delivered on HDTVs, providing a true consumer electronics experience to the largest monitor in the house.LeoNovus shares have traded on the TSX Venture Exchange since June 10, 2009. Further information about LeoNovus can be found in its filings with Canadian securities regulators, which filings are available at www.sedar.com.The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.Certain information included in this press release is forward-looking and may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with LeoNovus's growth, the state of the financial markets, regulatory risks and other factors. There can be no assurance that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, LeoNovus disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on any statements of forward-looking information that speak only as of the date of this release. More detailed information about potential factors that could affect LeoNovus' financial and business results is included in public documents LeoNovus files from time to time with Canadian securities regulatory authorities and which are available at www.sedar.com.All trademarks and brands mentioned in this release are the property of their respective owners.FOR FURTHER INFORMATION PLEASE CONTACT: TSX Venture Exchange Symbole: LTVLeoNovus™ Inc.1800 Embarcadero Rd.Palo Alto, CA 94303 USAFax: (650) 856-8510 (FAX)Phone: (650) 856-8500 (US-PST)OREmail: media@LeoNovus.comwww.LeoNovus.com