D-BOX Technologies Inc.

D-BOX Technologies Inc.

March 12, 2009 07:58 ET

D-BOX Technologies Inc. announces a new Director and the grant of option to members of management and directors

    LONGUEUIL, QC, March 12  - D-BOX Technologies Inc. (DBO.A on
the TSX Venture Exchange) a leader in innovative motion technology for the
entertainment industry, announces today the nomination of Mr. Jean Colbert as
Director of the company.
    For many years, Jean Colbert has been involved in the field of commercial
theatres as an owner and operator of movie theatres. Until recently, he held
the position of President and Director of " l'Association des propriétaires de
cinémas et ciné-parcs du Québec". His career within the entertainment Industry
spans over 35 years and has seen him take on many other challenges such as
President of "l'Association des distributeurs de films vidéo du Québec",
Vice-president, responsible of administration and marketing of Astral-Bellevue
Pathé as well as many other management positions within "la Corporation des
Films Mutuels." Mr. Colbert currently sits on many Boards of associations
related to the film and entertainment industries.
    "It is with immense pleasure that we welcome Jean Colbert to our Board"
stated Louis Brunel, Chairman of the Board of Directors of D-BOX Technologies
inc. "His experience, professional competencies as well as his business
network will prove to be valuable assets for D-BOX which, with the upcoming
launch of its technology in commercial theatres is embarking into a
significant phase of its development."
    The nomination of Mr. Colbert remains subject to the approval of the TSX
Venture Exchange.
    The Corporation announces that on March 12, 2009, its Board of Directors
granted an aggregate of 1,587,000 stock options to certain officers and
directors of the Corporation. The exercise price of the options is $0.23 per
share, representing the closing price of the Corporation's shares on the TSX
Venture Exchange on March 11, 2009. The options expire on March 12, 2014.
    The options were granted pursuant to the Corporation's stock option plan.
Following the grant, 4,087,152 options remain available under the stock option
plan.

    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 many
Blu-ray(TM) format 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

  • Mr. Luc Audet, Chief Financial Officer, D-Box
    Technologies Inc., (450) 442-3003, extension: 296, laudet@d-box.com; Mr. Marc
    Jasmin CMA, Partner, Jasmin-Dumais Financial Communications Inc., Investor
    Relations, (514) 231-2360, marc@comjamais.com