Exhibit 02.1


For Immediate Release

Press Contacts:            Chuck Jensen                     David A. Kaminer
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                           NeoMedia Technologies, Inc.      The Kaminer Group
                           +(941) 337-3434                  +(914) 684-1934
                           cjensen@neom.com                 dkaminer@kamgrp.com

 NeoMedia Technologies, Inc., Shares to Trade on OTC BB Following Delisting
                                   by NASDAQ

FT. MYERS, FL, May 17, 2002 -- NeoMedia Technologies, Inc. (OTC BB: NEOM),
announced that it has received notification from the Nasdaq Listing
Qualifications Department that its stock is being delisted effective today from
The Nasdaq SmallCap Market, and will trade on the Over the Counter Bulletin
Board (OTC BB).

The Nasdaq Delisting Qualification Panel informed NeoMedia after close of market
yesterday that, in its opinion, the company has not demonstrated the ability to
comply within a reasonable period of time with all requirements for continued
listing on The Nasdaq SmallCap Market.

About NeoMedia Technologies
NeoMedia Technologies, Inc. (www.neom.com) develops technologies that link
physical information and objects to the Internet, marketing services under the
PaperClick(TM) trademark. In addition, NeoMedia's Systems Integration Group
specializes in Open & Storage System solutions and automating print production
operations.

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.
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PaperClick is a trademark of NeoMedia Technologies, Inc.