D-BOX Technologies Inc.

D-BOX Technologies Inc.

August 14, 2013 17:40 ET

D-BOX Technologies Announces Election of its Directors

LONGUEUIL, QUEBEC--(Marketwired - Aug. 14, 2013) - D-BOX Technologies inc. (TSX:DBO) (« DBO » or the « Corporation »), a leader in innovative motion technology, is pleased to welcome two new directors to its Board, Jean Lamarre and Kit Dalaroy.

Jean Lamarre has more than 35 years of experience in international business development, finance and corporate strategy. He is the Chairman of the Board of Télé-Québec and the daily newspaper Le Devoir and serves as Executive Chairman of the Board of Directors of Semafo Inc. in addition to being a member of the Board of Directors of TSO3 inc. as well as other private and public corporations.

Kit Dalaroy has held key positions at, among others, Citigroup, Crédit Suisse, Deutsche Bank and National Bank Financial where he specialised in corporate financings and mergers and acquisitions. He is currently partner at Champlain Financial Corporation with investments in various portfolio companies, and was recently named Chief Financial Officer of Landry Investment Management.

The Corporation wishes to thank outgoing directors Richard Soly, Pierre Mc Master, Strath Goodship and Philippe Roy for the significant contributions they have made to the Board over the years.

Moreover, all of the nominees listed in its management proxy circular dated July 15, 2013, were elected as directors at the Corporation's annual and special meeting of the shareholders held today in Montreal.

According to proxies received and ballots cast, the following individuals were elected as directors of D-BOX. The results are as follows:

Name of nominee Votes for % for Votes withheld % withheld
Louis Brunel 96,604,561 99.76 % 236,990 0.24 %
Claude Mc Master 96,678,161 99.83 % 163,390 0.17 %
Jean Colbert 96,724,361 99.88 % 117,190 0.12 %
Kit Dalaroy 96,705,261 99.86 % 136,290 0.14 %
Jean-Pierre Desrosiers 79,293,733 81.88 % 17,547,818 18.12 %
Jean Lamarre 96,615,361 99.77 % 226,190 0.23 %
Élaine C. Phénix 96,613,961 99.76 % 227,590 0.24 %

About D-BOX

D-BOX Technologies Inc. designs, manufactures and commercializes cutting-edge motion systems intended mainly for the entertainment and industrial simulation markets. This unique and patented technology, the D-BOX Motion Code, uses motion effects specifically programmed for each visual content which are sent to a motion system integrated into either a platform or a seat or any other product. The resulting motion is perfectly synchronized with the on-screen action, thus creating an unparalleled realistic immersive experience. As of today, many Hollywood studios offer D-BOX Motion Code on their motion pictures in commercial theatres, on DVDs and Blu-rays. By reaching agreements with various industry leaders, D-BOX's award-winning motion technology is gradually proving itself as a new global standard. D-BOX is a public company whose shares are traded on the Toronto Stock Exchange under the symbol DBO. D-BOX® and D-BOX Motion Code® are registered trademarks of D-BOX Technologies Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

Disclaimer in regards to 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. Investors are cautioned not to put undue reliance on forward-looking statements. The Corporation disclaims any intent or obligation to update publicly these forward looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • Luc Audet
    Vice-President and Chief Financial Officer
    D-BOX Technologies Inc.
    450-442-3003 ext 296

    Investor Relations
    Marc Jasmin CPA, CMA, President
    Jasmin Financial Communications