D-BOX Technologies Inc.

D-BOX Technologies Inc.

July 23, 2009 06:11 ET

D-BOX Technologies completes $3.5 million private placement

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
    THE UNITED STATES/

    - Private placement fully subscribedLONGUEUIL, QC, July 23  - D-BOX Technologies Inc. (DBO.A:
TSXV), a leader in innovative Motion Technology for the entertainment
industry, is pleased to announce that it has completed its
previously-announced private placement by issuing 8,750,000 units to
accredited investors at a price of $0.40 per unit, for aggregate gross
proceeds to D-Box of $3.5 million. The private placement, when first
announced, was in an amount of $2.5 million to $3.5 million. Due to subscriber
demand, the private placement has closed for the maximum amount of $3.5
million.
    Each unit is comprised of one common share and one-half of a common share
purchase warrant. Each full warrant entitles the holder to purchase one
additional common share of D-Box at a price of $0.65 until January 23, 2011.
    D-Box will use the proceeds from the private placement for working
capital and general corporate purposes.
    The private placement was conducted through Laurentian Bank Securities
Inc., as agent. In connection with the private placement, D-Box paid
Laurentian Bank Securities a cash commission of $180,000 and issued a broker
warrant to Laurentian Bank Securities entitling it to acquire a maximum of
416,250 common shares of D-Box at a price of $0.40 per share until January 23,
2011.
    As a result of the private placement, there are 102,390,631 common shares
of D-Box issued and outstanding. Under applicable securities legislation and
the policies of the TSX Venture Exchange, the securities issued in the private
placement are subject to a four-month hold period expiring on November 24,
2009.

    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 codes
specifically programmed for each film, TV program or video game, which are
sent to a motion generating system integrated within either a platform or a
seat.
    The resulting motion is perfectly synchronised with all onscreen action,
creating an unmatched realistic, immersive experience. To date, D-BOX MOTION
CODE(TM) is available on more than 850 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 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. We disclaim any intent or obligation
to update publicly these forward-looking statements, whether as a result of
new information, future events or otherwise.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.%SEDAR: 00012304EF



Contact Information

  • Media and general inquiries: Guy Marcoux,
    Director of marketing, D-Box Technologies Inc., (450) 442-3003, ext. 263,
    gmarcoux@d-box.com; www.d-box.com; Investor Relations: Marc Jasmin, CMA,
    Partner, Jasmin-Dumais Financial Communications Inc., (514) 231-2360,
    marc@comjamais.com