NeuLion Announces Close of Acquisition of Interactive Netcasting Systems Inc.

PLAINVIEW, NY, Nov 02 (MARKET WIRE) --
NeuLion, Inc. (TSX: NLN) ("NeuLion" or the "Company"), an end-to-end IPTV
service provider of live and on-demand sports, international and variety
programming over the Internet, announced today the closing on October 31,
2009 of its acquisition of Interactive Netcasting Systems Inc. ("INSINC").

The Company previously announced its proposed acquisition of INSINC by
press release on October 6, 2009.

INSINC held a meeting of its shareholders on October 29, 2009 at which
resolutions in favor of the acquisition were voted on and passed
unanimously. The Supreme Court of British Columbia in Vancouver issued its
Final Order approving the acquisition on October 30, 2009.

The acquisition brings together unique synergies that exist between the
two companies' respective sports clients. INSINC's largest clients
include the Western Hockey League (WHL), Ontario Hockey League (OHL),
Central Hockey League (CHL), British Columbia Hockey League (BCHL),
Central Canadian Hockey League (CCHL), Alberta Junior Hockey League
(AJHL), and Central Junior Hockey League (CJHL). When combined with
NeuLion clients such as the National Hockey League (NHL) and the American
Hockey League (AHL), the Company will have an unmatched presence in the
delivery of online video experiences for the North American hockey world.

INSINC's other sports clients include the Canadian Football League (CFL);
when combined with such NeuLion clients as the National Football League
(NFL) and the approximately 175 US colleges, schools and conferences for
which NeuLion streams sports programming, the combined Company will have
an unmatched presence in the delivery of online sports video in North
America.

About NeuLion

Based in Plainview, NY, Sanford, Florida and Toronto, Ontario, NeuLion
(TSX: NLN) works with content partners to develop end-to-end solutions for
multimedia IPTV services. The NeuLion IPTV Platform encodes, delivers,
stores and manages an unlimited range of multimedia content and the
Operational Support System (OSS) maintains all billing and customer
support services. Content partners are responsible for content
aggregation and the sales and marketing for the individual IPTV service.
The Company ranks as a world leader in customer/partner relationships
with sports and international television content partners including, in
sports, the NHL, the NFL, NCAA Division I schools and conferences and, in
respect to international television aggregators and networks, KyLinTV
(Chinese), ABS-CBN (Filipino), Talfazat (Arabic), TV-Desi (South Asian)
and Sky Angel (Christian). Customer/partner content can be viewed by way
of Internet on PCs and on the television through the Company's IPTV set
top box.

About INSINC

INSINC is a leading webcasting company, enabling enterprises and content
owners to distribute and monetize online video which can help improve
communications, increase efficiencies and reduce costs. Founded in 1997,
INSINC's core business is to provide live and archived video content to
audiences online with integrated pay-per-view and commerce transaction
processing, delivered to geographically dispersed audiences.

Forward-Looking Statement

Certain statements herein are forward-looking statements and represent
NeuLion's current intentions in respect of future activities. These
statements, in addressing future events and conditions, involve inherent
risks and uncertainties. Forward-looking statements can by identified by
the use of the words "will," "expect," "seek," "anticipate," "believe,"
"plan," "estimate," "expect," and "intend" and statements that an event or
result "may," "will," "can," "should," "could," or "might" occur or be
achieved and other similar expressions. Forward-looking statements involve
significant risk, uncertainties and assumptions. Many factors could cause
actual results, performance or achievements to differ materially from the
results discussed or implied in the forward-looking statements. These
factors should be considered carefully and readers should not place undue
reliance on the forward-looking statements. Although the forward-looking
statements contained in this release are based upon what management
believes to be reasonable assumptions, the Company cannot assure readers
that actual results will be consistent with these forward-looking
statements. These forward-looking statements are made as of the date of
this release and the Company assumes no obligation to update or revise
them to reflect new events or circumstances, except as required by law.
Many factors could cause the actual results, performance or achievements
of the Company to be materially different from any future results,
performance or achievements that may be expressed or implied by such
forward-looking statements, including: the integration of the businesses
of NeuLion and INSINC, our continued relationships with our channel
partners, general economic and market segment conditions, competitor
activity, product capability and acceptance, rates, technology changes
and international risk and currency exchange. More specific risks include
that the acquired entity will not be able to realize some or all of the
expected synergies due to incompatibilities in the parties' businesses,
the inability of management to bring about such synergies or a changing
business environment rendering such synergies inadvisable or
uneconomical. After integrating the acquired business, the suite of
service offerings may not perform as expected if shifting demand moves in
a direction away from our expected business model, if competitors are
able to take market share away from us or if changing technology
adversely impacts us. In addition, while the Company expects its content
partners and those of INSINC to continue and expand their relationship
with each of us, there can be no assurance that such relationships will
continue as expected, or at all. A more detailed assessment of the risks
that could cause actual results to materially differ from current
expectations is contained in the "Risk Factors" section of the Company's
2008 annual MD&A and AIF filed on www.sedar.com and Registration
Statement on Form 10, as amended, available on www.sec.gov.

Press Contact:
Jennifer Powalski
Corporate Communications
+1-516-622-8334
Email Contact

Investor Relations Contact:
G. Scott Paterson
Vice Chairman
+1-416-368-6464
Email Contact

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