D-BOX Technologies Inc.

D-BOX Technologies Inc.

August 25, 2009 13:14 ET

D-BOX announces results of annual meeting of shareholders

    - Amends Warrants Held By Deluxe Digitial Studios

    LONGUEUIL, QC, Aug. 25  - D-BOX Technologies Inc. (TSX-V:
DBO.A), a leader in innovative Motion Technology for the entertainment
industry, is pleased to announce the results of its annual and special meeting
of shareholders held on August 20, 2009 in Montreal. At the meeting,
shareholders elected Richard Soly as a new member of the Board of Directors of
D-BOX, and re-elected Louis Brunel, Claude Mc Master, Elaine C. Phénix,
Philippe Roy, Pierre Mc Master, Strath Goodship and Jean Colbert to the Board.
The shareholders also re-appointed Ernst & Young LLP, Chartered Accountants,
as the auditors of D-BOX.
    Richard Soly has been involved for many years in the retail business. Mr.
Soly was an Executive Vice-President of Quebecor Media Inc. from 2001 to
January 2007, as well as Chairman of the Board of Directors of Groupe
Archambault Inc., a wholly-owned subsidiary of Quebecor Media Inc. Mr. Soly
was founder and President of Le Super Club Vidéotron Ltée, a wholly-owned
subsidiary of Quebecor Media Inc., from 1989 to 2007. From 1986 to 1989, Mr
Soly was the President and co-owner of Les Magasins Bo Jeans International.
Mr. Soly co-founded and was the President of Les Magasins l'Equipeur from 1980
to 1986. Over the course of his career, Mr. Soly has served on several boards
of directors of private and public companies in Canada.
    Jean-Pierre De Montigny and André Duquenne did not stand for re-election
as directors of D-BOX at the annual meeting. The Board of Directors thanks
Messrs De Montigny and Duquenne for their years of valued service to D-BOX,
during which each served as Chairman of the Board of Directors of D-BOX.
    At the meeting, shareholders also approved a resolution ratifying and
confirming D-BOX's stock option plan, as required under the policies of the
TSX Venture Exchange, and a special resolution authorizing, if deemed
advisable by the Board of Directors no later than August 20, 2010, 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 ten common shares then issued
and outstanding.
    D-BOX's Board of Directors also granted an aggregate of 700,000 stock
options to six of D-BOX's directors pursuant to D-BOX's stock option plan. The
exercise price of the options is $0.47, representing the closing price of
D-BOX's shares on the TSX Venture Exchange on August 24, 2009.
    D-BOX also announces that it has amended the terms of common share
purchase warrants held by Deluxe Digital Studios, Inc. so as to provide for
the possibility of "cashless exercise" of the warrants. As amended, if Deluxe
Digital Studios elects "cashless exercise", D-BOX will issue to Deluxe a
number of shares based on the difference between $0.464, representing the
simple average closing price of D-BOX's shares of the TSX Venture Exchange for
the ten-day trading period ended August 24, 2009, and the exercise price of
the warrants. Deluxe holds 2,200,000 warrants with an exercise price of $0.31
per share and 575,000 warrants with an exercise price of $0.36 per share. The
amendment of the warrants is subject to the approval of the TSX Venture
Exchange. Any shares issued upon exercise of the warrants will be subject to a
contractual two-year hold period.


    D-BOX Technologies designs and manufactures leading edge high-technology
motion systems mainly suited to the needs of the entertainment industry. With
its unique, patented technology, D-BOX Motion Code(TM) uses motion codes
specifically programmed for each film, TV program or video game, which are
sent to a motion generating system integrated within either a platform or a
    The resulting motion is perfectly synchronised with all onscreen action,
creating an unmatched realistic, immersive experience. To date, D-BOX Motion
Code(TM) is available on more than 850 titles. Accordingly, many prominent
Hollywood studios have started embedding D-BOX Motion Code(TM) on selected
high definition Blu-ray(TM) releases. By reaching agreements with the leaders
of both the motion picture and gaming industries, D-BOX's award-winning motion
technology is gradually proving itself as a new global standard in the
entertainment world.
    D-BOX is a publicly traded company listed on the TSX Venture Exchange
under the symbol DBO.A. For further information please see www.d-box.com.
D-BOX(R) is a registered trademark and D-BOX Motion Code is a trademark of
D-BOX Technologies Inc. Other names are for informational purposes only and
may be trademarks of their respective owners.Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.%SEDAR: 00012304E

Contact Information

  • Media and General Inquiries: Luc Audet, Chief
    Financial Officer, D-BOX Technologies Inc., (450) 442-3003, ext. 296,
    laudet@d-box.com, www.d-box.com; Investor Relations: Marc Jasmin CMA, Partner,
    Jasmin-Dumais Financial Communications Inc., (514) 231-2360,