D-BOX Technologies Inc.

D-BOX Technologies Inc.

June 04, 2007 02:30 ET

D-Box files preliminary short form prospectus for new issue


    LONGUEUIL, QC, June 4  - D-BOX Technologies Inc. (TSX-V: DBO.A)
announced today that it has filed a preliminary short form prospectus for a
new issue of common shares in eight of the provinces of Canada. The offering
is expected to be in an amount of up to $15 million. The proceeds from the
offering will be used by D-Box for product development, capital expenditures,
working capital and general corporate purposes. The issue price of the shares
will be determined in the context of the market at the time of filing a final
short form prospectus in respect of the offering.
    The offering will be conducted through a syndicate of agents led by
Cormark Securities Inc. and including Loewen, Ondaatje, McCutcheon Limited and
Laurentian Bank Securities Inc. D-Box will grant an over-allotment option to
the agents, exercisable for a period of 30 days following the closing of the
offering, to purchase additional common shares in an amount equal to 10% of
the number of shares sold pursuant to the offering, solely to cover
over-allotments, if any.
    The offering is subject to all customary conditions and regulatory
approval, including that of the TSX Venture Exchange.

    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.

    This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities described herein. The securities have
not been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act"), or any state securities laws and
may not be offered or sold within the United States or to United States
Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.

    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

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