D-BOX Technologies Inc.

D-BOX Technologies Inc.

October 07, 2010 04:00 ET

D-BOX Technologies breaks through the European Commercial Theatre Market

Thru a distribution agreement with Germany-based Film Ton Technik D-BOX set to equip two theatres with Jogchem's Theaters in the Netherlands

LONGUEUIL, QC, Oct. 7 - D-BOX Technologies Inc. (DBO.A on the TSX Venture Exchange), a leader in innovative motion technology, announced today an agreement with German-based FTT, the company's first European distributor for its commercial theatre expansion.

Thru this agreement which marks the first ever European sale of D-BOX MFX seats for commercial theatre use, Netherlands-based Jogchem's Theaters, known in the market as JT Bioscopen, plans to equip two movie theatres with 26 D-BOX MFX Seats each, namely at their Heerhugowaard and Amersfoort locations just in time for the holiday movie season. In addition to the sale of these systems, this deal will also generate licensing fees payable to D-BOX in accordance to the systems' utilization.

"As we continue our international growth, FTT will help to accelerate our commercial theatre expansion throughout Europe," stated President and CEO of D-BOX Technologies, Claude Mc Master. "This new international distribution model is designed to ensure our steady growth throughout Europe and to confirm D-BOX's status as a true international motion standard. Also, based on our success, we anticipate duplicating this model in other markets around the world where other potential partners are actively being sought."

Thomas Rüttgers, Chairman of the Board of Management of FTT group, added: "Experience shows that many exhibitors recognized the additional value digital cinema offers and are open about new ideas. We think that D-BOX's technology perfectly fit into this current trend. We ran a demo cinema with D-BOX seats at Cinema Expo this year and were overwhelmed by the response we got from exhibitors. The deal with Jogchem's is a good start for the Netherlands and we are quite confident that some more cinemas throughout Europe will follow this example."

Earlier this year, D-BOX broke through the Asian market with the announcement of two theatres in Japan marking the first international sale of D-BOX motion technology for commercial theatre application. D-BOX MFX Seats are also available in over 30 theatres in the U.S. and Canada.

Mr. J.M. Punt, President of Jogchem's Theaters B.V./JT Bioscopen stated: "Just like D-BOX seats we are moving, moving forward and developing continuously: going digital, including several 3D systems, and now further with D-BOX. We are very happy to be the first and only exhibitor in The Netherlands who can present its visitors this brand new movie experience. We are pleased that this agreement makes it possible to start up in two of our cinemas this year. We look forward to the future."

About Jogchem's Theatres B.V.

Jogchem's Theaters B.V. is officially founded in 1932 by Jan Jogchem. Nowadays Jogchem's Theaters B.V. (known as JT Bioscopen) is owned by Mr. J.M. Punt of Bioscoopexploitatie J.M. Punt Beheer B.V.JT Bioscopen has 13 cinemas in 11 midsize cities throughout The Netherlands with a total of 60 screens and more than 10.000 seats.

About Film Ton Technik (FTT)

FILM-TON-TECHNIK Hannsdieter Rüttgers GmbH (FTT) is based in Düsseldorf. As a cinema service provider with 50 years of experience FTT has already implemented a large number of projects for multiplexes and independent cinemas in Germany and abroad and has got subsidiaries in Austria, Belgium, Czech Republic, Hungary, Poland, Romania and the Netherlands. Apart from project planning as well as selling and installing traditional 35mm technology FTT has been active in the field of digital cinema and electronic advertising for more than 7 years and established itself as a system integrator. More information at www.ftt-online.de.

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(TM) 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(TM) is available on more than 900 titles.

Accordingly, many prominent Hollywood studios have started embedding D-BOX Motion Code(TM) on selected high definition Blu-ray(TM) 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(R) is a registered trademark and D-BOX Motion Code(TM) is a trademark 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.

"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."

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