ISee3D Inc.
NEX BOARD : ICT.H

ISee3D Inc.

September 28, 2007 16:27 ET

ISee3D Inc. Proposes Additional $1.2 M Equity Raise and Continues With Plans to Reactivate as a Tier 2 Issuer

MONTREAL, QUEBEC--(Marketwire - Sept. 28, 2007) - Dwight Romanica, President of ISee3D Inc. ("ISee" or the "Company") (NEX BOARD:ICT.H) announces that the Company submitted its application to graduate to the TSX Venture Exchange ("TSXV") on September 19, 2007.

The Company also takes this opportunity to confirm that it is proceeding with its proposed private placement of up to 4,000,000 Units at a price of $0.30 per Unit to raise an aggregate of $1,200,000. Prior to reactivating, ISee raised an aggregate of $500,000 over the previous twelve month period and is therefore prohibited, under the TSXV Policies to raise any additional amounts prior to reactivation.

Each Unit issued will consist of one common share and one common share purchase warrant. The common shares issued (and those issued on exercise of the warrants) will have a hold period of four months from the closing of the Private Placement.

Each common share purchase warrant will entitle the holder to purchase one additional common share at a price of $0.50 per share for a period of twelve months after the closing of the Private Placement. The Company, however, reserves the right, but not the obligation, subject to the forwarding of fifteen (15) days' written notice, to redeem for cancellation all warrants issued under the Private Placement (for a redemption price of $0.001 per warrant) at any time after the Company's listed common shares have been trading above a daily close of $0.60 for fifteen (15) consecutive trading days and only after the four-month hold period has expired.

Although the proposed placement is to be non-brokered, the Company welcomes solicitation form licensed brokers to participate in the placement. Upon acceptance of any such solicitations, the Company will pay the subject broker a cash and or broker warrant commission, on a case-by-case basis, in accordance with TSXV Policies.

As of the date hereof, the Company currently has 7,925,206 common shares. Assuming full take-up of this proposed private placement, the Company anticipates it would have 11,925,206 common shares outstanding (on an un-diluted basis).

The gross proceeds of the placement will be used to further develop the Company's technology and proceed with the commercialization of its assets. Additionally, a portion of the proceeds of the placement will be used for working capital purposes.

This private placement is conditional upon, and is therefore expected to close contemporaneously with, receipt of TSXV approval of the Company's reactivation.

"I am delighted with how things have progressed and believe we have put together a strong foundation to build a successful company", stated Morden C. Lazarus, Chairman & CEO.

Cautionary Statement

This press release may contain certain forward-looking statements with respect to the Corporation. These forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated. We consider the assumptions on which these forward-looking statements are based to be reasonable, but caution the reader that these assumptions regarding future events, many of which are beyond our control, may ultimately prove to be incorrect. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from ISee3D Inc.'s expectations are various risks detailed from time to time in the filings made by ISee3D Inc. with securities regulations.

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy and accuracy of this release.

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