D-BOX Technologies Inc.

D-BOX Technologies Inc.

January 06, 2011 05:25 ET

D-BOX TECHNOLOGIES ANNOUNCES THE EXERCISE OF SHARE PURCHASE WARRANTS FOR PROCEEDS OF $5,687,794

LONGUEUIL, QC, Jan. 6 - D-BOX Technologies Inc. ("D-BOX") (DBO.A on the TSX Venture Exchange), a leader in the field of innovative motion technology, today announces that it has issued an aggregate of 10,341,443 common shares at a price of $0.55 per share, for gross proceeds to D-BOX of $5,687,794. Such shares were issued upon the exercise of 10,341,443 common share purchase warrants issued previously in connection with a private placement completed on February 18, 2010. The share purchase warrants were exercised by a group of institutional investors, including, among others, the Caisse de dépôt et placement du Québec and Sipar. D-BOX relied on an acceleration clause in the common share purchase warrants to shorten the term of such warrants.

Following the exercise of such common share purchase warrants, 162,508,629 common shares of D-BOX are 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 CodeTM, 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, major Hollywood Studios have D-BOX Motion CodeTM available on feature films, DVDs and Blu-rays(TM). 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 CodeTM 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

  • Mr. Luc Audet
    Vice-President, Finances   
    D-BOX Technologies Inc.
    450-442-3003 ext.: 296
    laudet@d-box.com
    Investor Relations
    Mr. Marc Jasmin CMA, Partner
    Communications financières Jasmin-Dumais
    514-231-2360
    marc@comjamais.com