D-BOX Technologies Inc.

D-BOX Technologies Inc.

August 20, 2010 04:00 ET


LONGUEUIL, QC, Aug. 20 - D-BOX Technologies Inc. (TSX-V: DBO.A), a leader in innovative Motion Technology mostly for the entertainment industry, is pleased to announce the results of its annual and special meeting of shareholders held on August 18, 2010 in Montreal. At the meeting, shareholders elected Jean-Pierre Desrosiers as a new member of the Board of Directors of D-BOX, and re-elected Louis Brunel, Claude Mc Master, Élaine C. Phénix, Philippe Roy, Pierre Mc Master, Strath Goodship, Jean Colbert and Richard Soly to the Board. The shareholders also re-appointed Ernst & Young LLP, Chartered Accountants, as the auditors of D-BOX.

Mr. Jean-Pierre Desrosiers is a partner with KPMG LLP, Chartered Accountants, and has been with KPMG since 1980. Over the years, Mr. Desrosiers has held numerous positions with pre-eminent accounting firms. From 1998 to 2007, Mr. Desrosiers held the position of Managing Partner of the KPMG Montréal office. Then, he was appointed Canadian Managing Partner, Markets. As such, he was responsible for the communication, marketing and business development strategies of the firm in Canada. He was also a board member of the KPMG Americas and KPMG Canada, for one year and three years, respectively, in addition to sitting on the KPMG Canada Management Committee for seven years. During his career at KPMG, Mr. Desrosiers was called on to work with a number of large corporations in various lines of business. Mr. Desrosiers also participated in numerous public issues and merger and acquisition transactions. Mr. Desrosiers is presently serving on the board of directors of the following organizations: Concordia University, Jewish General Hospital Foundation, Cirque Eloize and La Pieta.

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 to possibly no later than August 18, 2011, proceed with 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.

About D-BOX

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™, uses motion effects specifically programmed for each film, TV series or video game, which are sent to a motion generating system integrated within either a platform or a seat. The resulting motion is perfectly synchronized with all onscreen action, creating an unmatched realistic, immersive experience. To date, D-BOX Motion Code™ is available on more than 900 titles. Accordingly, many prominent Hollywood studios have started embedding D-BOX Motion Code™ on selected high definition Blu-ray™ and theatrical 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® 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."

Contact Information


    Guy Marcoux
    Vice-President of Marketing
    D-BOX Technologies Inc.
    450-442-3003 ext 263

    Marc Jasmin CMA, Partner
    Jasmin-Dumais Financial
    Communications Inc.