Arius3D Corp.
TSX VENTURE : LZR

Arius3D Corp.

June 17, 2011 12:02 ET

Arius3D Corp. Announces the Appointment of Valdis Martinsons as Director

TORONTO, ONTARIO--(Marketwire - June 17, 2011) -Arius3D Corp. ("Arius3D" or the "Company") (TSX VENTURE:LZR). David Beutel, Chairman of Arius3D., announced today the appointment of Valdis Martinsons to the Board of Arius3D. The appointment is effective immediately.

Valdis brings a track record of success in providing leadership in businesses where information technology is mission critical; including start-ups, high growth oriented ventures, and global organizations. His career includes his position as Chief Information Officer of Research In Motion Limited from 2000 to 2004 when RIM achieved very substantial growth. After leaving RIM, Valdis joined VIRGIN MOBILE CANADA as Chief Information Officer responsible for all aspects of customer service. During his first year with Virgin Mobile Canada it exceeded all technology operational metrics for reliability and performance for any 1st, 2nd or 3rd year of operations of all previous Virgin Mobile companies world-wide. Before joining RIM, Valdis was Director of Information Technology at ATI TECHNOLOGIES INC. (the most senior IT person at ATI). During his tenure with ATI, it grew to be the World's largest Graphics Chip and Board Company with sales growth of over 400% during his tenure.

"Valdis' skills and experience are crucial as Arius3D transitions from its venture technology development stage to the commercialization phase." said David Beutel.

Paul Little is resigning from the Board as part of his retirement. "Paul's experience as a venture capital investment manager has made a very important contribution to Arius3D in accomplishing the development of our proprietary, best in class technology, which is now ready for commercialization" said David.

About Arius3D Corp.

Classified as an "Information Technology" company, Arius3D is publicly traded and listed on the TSX Venture Exchange trading under the symbol LZR. Arius3D creates imaging solutions that allow organizations to capture and share unique physical objects in digital form. Arius3D offers 3D imaging systems and services to a growing 3D image library. The Arius3D technology supports wide ranging applications in culture and heritage, entertainment, education and product design with a primary focus of generating image license recurring revenues from rich media content. Arius3D has its head office located in Mississauga, Ontario. Visit our website at http://www.arius3d.com to understand more about the Company.

Forward-Looking Information

This news release contains forward-looking information and forward-looking statements (collectively "forward looking statements"), within the meaning of applicable securities laws, with respect to the commercialization of the Company's products. Such forward looking statements are based upon assumptions, and estimates made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. These assumptions include those concerning the availability of financing, and no significant decline in existing general business and economic conditions. Forward looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward looking statements and, accordingly, readers should not place undue reliance on those statements. Risks and uncertainties that may cause actual results to vary include, but are not limited to, the Company's limited financial resources and the availability of financing alternatives; changes in general economic conditions or conditions in the financial market; as well as other risks and uncertainties which are more fully described in the Company's Management's Discussion and Analysis for the 2010 fiscal year and in other Company filings with securities and regulatory authorities which are available at www.sedar.com. Should one or more risks and uncertainties materialize or should any assumptions prove incorrect, then actual results could vary materially from those expressed or implied in the forward looking statements and accordingly, readers should not place undue reliance on those statements. Readers are cautioned that the foregoing lists of risks, uncertainties, assumptions and other factors are not exhaustive. The forward looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements contained herein or in any other documents filed with securities regulatory authorities, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

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.

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