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Press release from Marketwire

LeoNovus and Rhyzome Networks Announce Rollout of LeoNovusTV(TM) Service

Service Ramps in Stratford, Ontario; Voted One of the Global Top 7 Intelligent Communities of 2011 by Intelligent Community Forum (ICF) and Just Announced as Making the List for the Smart 21 for 2012

Tuesday, October 25, 2011

LeoNovus and Rhyzome Networks Announce Rollout of LeoNovusTV(TM) Service06:00 EDT Tuesday, October 25, 2011PALO ALTO, CA--(Marketwire - October 25, 2011) - LeoNovus ("LeoNovus" or the "Company") (TSX-V: LTV) today announced the LeoNovusTV service rollout with Stratford's municipal Broadband Company, Rhyzome Networks, to residential and business customers in Stratford, Ontario. LeoNovus is developing a high performance browser-based Internet software platform with a managed system that will provide high-definition televisions access to all the features, content, and functionality available on the Internet without the malware, security and support issues of a PC.Rhyzome Networks operates a 70-km data transmission grid of buried optical fibre running throughout the city, and has built a citywide wireless network that accesses the grid to provide mobile high-speed Internet access. While a handful of North American cities have ventured into public wireless services, Rhyzome aims to become a transferable model for other cities and towns across Ontario.The LeoNovus pilot program announced in June will now enter its commercial phase leveraging this infrastructure to bring IP based full-featured content, applications and services to the residents of Stratford. "The fibre optic grid is foundational as data infrastructure for local industry and institutions, including the wireless initiative that has delivered broadband connectivity to Stratford residents and businesses," says Stratford Mayor Dan Mathieson. "We are now able to deploy services and programs such as LeoNovusTV that can leverage our infrastructure and establish Stratford as a digital technology centre and an internationally recognized intelligent community."Each year ICF defines a theme that guides the nominations for the Intelligent Community of the Year. The 2012 theme is Intelligent Communities -- Platforms for Innovation. Innovation is one of ICF's five permanent Indicators, which are used to judge communities seeking award status. However the special theme focuses on how Intelligent Communities create uniquely powerful innovation ecosystems on a foundation of information and communications technology. Stratford Ontario has just been announced as making the Smart 21 List for 2012. The Smart 21 announcement is the first stage of ICF's annual Intelligent Community Awards cycle. It is followed by the naming of the Top Seven Intelligent Communities of the Year, selected from among the 21. The Top Seven announcement will be made on January 15 at the annual Pacific Telecommunications Council conference. The cycle concludes in New York City on June 8 during ICF's annual "Building the Broadband Economy Summit," where one of the Top Seven will be chose as Intelligent Community of the Year 2012. "We are delighted to be working with Stratford Ontario and feel the announcement is validation as to the innovation this city has achieved," stated Gordon Campbell, CEO of LeoNovus. "Stratford continues to take the leadership role in driving initiatives that can be replicated in other communities and we are happy to participate with them in rolling out the LeoNovusTV in their area."The LeoNovusTV program will include a prominent local retail merchant, "CompuDoc" whom has set up an in-store demo display and will offer a LeoNovusTV bundled hardware device with a multi-media wireless keyboard option that can be hooked up to a HDTV via HDMI. The product can be offered at a lower discounted price for customers signing a fixed term service agreement for broadband services from Rhyzome Networks. Customers will also have the option to purchase with an open service at full price. "We are excited about the capability of this product along with its capacity to be personalized as well as localized," said Jeff Walsh, proprietor of CompuDoc. "The ability to offer future localized applications and services allows us to continue to service our customers to the benefit of growing our business.""We are thrilled about the opportunity to deliver digital services such as the project with LeoNovus to further support our connected vision," stated Paul West, Rhyzome's Business Development Manager. "We are pleased to leverage our infrastructure to provide our residents and businesses access to these types of services while benefiting the community. The LeoNovusTV service can support local community application and services including benefiting local promotions such as 'pizza and a movie.' Having the capability to have an interactive screen that will offer a local pizza coupon while watching the movie is amazing. We are pleased to roll this program out to our community with opportunities to expand and replicate in other communities."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. Further details to the project will be available in the weeks to come.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.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this 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: F: (650) 856-8510T: (650) 856-8500media@LeoNovus.comORChief Financial OfficerJim FredricksonT: (650) 856-8500OR1800 Embarcadero Rd.LeoNovus™ Inc.Palo Alto, CA 94303 USAPhone: (650) 856-8500 (US-PDT)Fax: (650) 856-8510 (FAX)www.LeoNovus.comOREmail: media@LeoNovus.com