D-BOX Technologies Inc.

D-BOX Technologies Inc.

August 25, 2008 04:54 ET

D-BOX announces results of its annual and special meeting

    LONGUEUIL, QC, Aug. 25  - D-BOX Technologies Inc. (TSX-V:
DBO.A) is please to announce the results of its annual and special meeting of
shareholders held on August 20, 2008 in Montreal. At the meeting, shareholders
elected Louis Brunel and Strath Goodship as new member of the Board of
Directors of D-BOX. Other Board members are: Jean-Pierre De Montigny, Claude
McMaster, Elaine C. Phénix, Philippe Roy, André Duquenne and Pierre McMaster.
The shareholders also re-appointed Ernst & Young LLP, Chartered Accountants,
as the auditors of D-BOX.
    Louis Brunel has been President and Chief Executive Officer of the
International Institute of Telecommunications since March 2002. An experienced
senior executive and Board of Directors member, Mr. Brunel has worked for most
of his career in the information and communication technology sector. Before
joining the International Institute of Telecommunications, Mr. Brunel held
senior positions in Canada, Europe and the United States. He was associated
with Vidéotron Ltée for more than 20 years. Among his achievements, Mr. Brunel
was the chief architect of Videotron Holdings Plc, a U.K.-integrated
telecommunications operator owned by Vidéotron Ltée and BCE Inc. Effective
immediately, Mr. Brunel will act as Chairman of the Board of Directors of
    Strath Goodship has been the President and Chief Executive Officer of
Miranda Technologies Inc., a company listed on the Toronto Stock Exchange,
since 2002. Mr. Goodship joined Miranda Technologies Inc. in 1998, to set up
its European headquarters in Paris. Prior thereto, Mr. Goodship worked for
Leitch Corporation as Director of Engineering and as the founding Managing
Director of its European division. From 1984 to 1986, Mr. Goodship worked in
the systems department of the Canadian Broadcasting Corporation's engineering
headquarters. In 2006, Mr. Goodship received the Ernst & Young Entrepreneur
Award (Québec) for the "turnaround" category.
    The shareholders also approved a resolution ratifying and confirming the
amendment to D-BOX's stock option plan and a special resolution authorizing,
if deemed advisable by the Board of Directors no later than July 18, 2009, 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 180,000 stock
options to six of D-BOX's directors. The exercise price of the options is
$0.30, representing the closing price of D-BOX's shares on the TSX Venture
Exchange on August 22, 2008. The options expire on August 22, 2013.
    The options were granted pursuant to D-BOX's stock option plan.

    About D-BOX

    D-BOX Technologies designs and manufactures high-technology motion
systems destined mainly for the entertainment industry. Its unique, patented
technology uses D-BOX Motion Code(TM) specifically programmed for each film,
TV program or video game, resulting in motion that is perfectly synchronised
with on-screen action. By forming strong industry alliances, D-BOX's
award-winning motion technology is creating a global standard in the
entertainment world. For more information, please visit 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.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.
    %SEDAR: 00012304EF

Contact Information

  • Normand Chartrand, Chief Financial Officer,
    D-BOX Technologies Inc., (450) 442-3003, ext. 258, nchartrand@d-box.com; Marc
    Jasmin, President, Jasmin Financial Communications Inc., (514) 231-2360,