D-BOX Technologies Inc.

D-BOX Technologies Inc.

August 28, 2007 04:58 ET

D-BOX announces results of annual meeting and shareholder approval of its shareholder rights plan

    LONGUEUIL, QC, Aug. 28  - D-BOX Technologies Inc. (TSX-V: DBO.A) is
pleased to announce the results of its annual and special meeting of
shareholders held on August 22, 2007 in Montreal. At the meeting, shareholders
elected Jean-Pierre De Montigny, Claude McMaster, Elaine C. Phénix, Philippe
Roy, André Duquenne and Pierre McMaster as directors of D-Box and re-appointed
Ernst & Young LLP, Chartered Accountants, as the auditors of D-Box.
    The shareholders also approved D-Box's shareholder rights plan and a
special resolution authorizing, if deemed advisable by the Board of Directors
no later than July 27, 2008, an amendment to the Articles of D-Box so as to
consolidate the common shares of D-Box on the basis of one share for a maximum
of four common shares then issued and outstanding.
    D-Box's Board of Directors also granted an aggregate of 120,000 stock
options to four of D-Box's directors. The exercise price of the options is
$0.59, representing the closing price of D-Box's shares on the TSX Venture
Exchange on August 24, 2007. The options expire on August 24, 2012.
    The options were granted pursuant to D-Box's stock option plan. Following
the grant, 2,044,179 options remain available under the stock option plan.

    D-Box designs, manufactures and markets a motion generation system at the
cutting edge of technology, targeted primarily at the entertainment industry
and, more particularly, the home theatre, movie theatre and video game
sectors. The motion generation system, consisting of patented technologies, is
based on the creation of motion codes (the D-BOX MOTION CODE(TM)), permitting
the addition of the dimension of movement to those of sound and image. D-Box
offers a full sensory experience, thanks to the motion generation technology
which responds to the D-Box motion codes, which are synchronized with the
on-screen action. The result of the activation of D-Box's motion generation
system is synchronization between movements felt by the viewer in his
armchair, and action on the screen showing a film or video game. D-Box markets
its products primarily in North America, as well as in more than 15 countries
around the world. Its technology is recognized by many participants in the
entertainment industry.

    D-BOX(R) and D-BOX MOTION CODE(TM) are registered trademarks.

    Forward-Looking Statements

    Certain statements included herein, including those that express
management's expectations or estimates of our future performance, constitute
"forward-looking statements" within the meaning of applicable securities laws.
Forward-looking statements are necessarily based upon a number of estimates
and assumptions that, while considered reasonable by management at this time,
are inherently subject to significant business, economic and competitive
uncertainties and contingencies. We caution that such forward-looking
statements involve known and unknown risks, uncertainties and other risks that
may cause our actual financial results, performance, or achievements to be
materially different from our estimated future results, performance or
achievements expressed or implied by those forward-looking statements.
Numerous factors could cause actual results to differ materially from those in
the forward-looking statements, including without limitation, our ability to
achieve increased market acceptance for our product offerings and penetrate
new markets; the existence of undetected errors or similar problems in our
products; our ability to manage our growth; our ability to compete
successfully; potential liabilities; maintaining our intellectual property
rights and litigation involving intellectual property rights; our dependence
on the expertise of our key personnel; and our access to sufficient capital to
fund our future requirements. This list is not exhaustive of the factors that
may affect any of our forward-looking statements. Investors are cautioned not
to put undue reliance on forward-looking statements. All subsequent written
and oral forward-looking statements attributable to D-BOX or persons acting on
our behalf are expressly qualified in their entirety by this notice. We
disclaim any intent or obligation to update publicly these forward-looking
statements, whether as a result of new information, future events or
otherwise. Risks and uncertainties about our business are more fully discussed
in our Annual Report.

    The TSX Venture Exchange has neither approved nor disapproved the
    contents of this press release.

    %SEDAR: 00012304EF

Contact Information