D-BOX Technologies Inc.

D-BOX Technologies Inc.

October 07, 2008 04:30 ET

D-BOX Technologies Inc. appoints a new Chief Financial Officer

    LONGUEUIL, QC, Oct. 7  - D-BOX Technologies Inc. (DBO.a on
the TSX Venture exchange) announces the nomination, effective immediately, of
Mr. Luc Audet as vice-president and chief financial officer in replacement of
Mr. Normand Chartrand whom has announced his intent to leave the Company next
October 31st.
    Mr. Audet is a member of "L'Ordre des comptables agréés du Québec"
(Institute of Chartered accountants) and has more than twenty five years of
experience in finance and business administration. He has amongst others
occupied senior management positions with companies either listed on the
Toronto Stock Exchange (TSX) or Canadian Venture Exchange. His areas of
expertises include financing strategies, financial reporting and internal
control as well as investor relations. As vice-president and chief financial
officer of D-BOX technologies inc., his responsibilities will include all of
these functions.
    "I wish to thank Normand for his contribution and welcome Luc whose
experience with publicly-listed companies both on the Toronto and Venture
exchanges should prove quite valuable for D-BOX going forward" stated Claude
Mc Master, president and chief executive officer of D-BOX technologies Inc.

    Grant of options

    Following these changes to the management team, the Board of Directors of
D-BOX technologies Inc. has granted in accordance to the terms and conditions
governing its stock option plan, 200,000 options to Mr. Audet. These options
can be exercised for a period of five years at a price of $0.315 or the
closing price of the common shares of D-BOX technologies Inc. on October 6,

    About D-BOX

    D-BOX Technologies designs and manufactures high-technology motion
systems destined mainly for the entertainment industry. Its unique, patented
technology uses D-BOX Motion Code(TM) specifically programmed for each film,
TV program or video game, resulting in motion that is perfectly synchronised
with on-screen action. By forming strong industry alliances, D-BOX's
award-winning motion technology is creating a global standard in the
entertainment world. For more information, please visit www.d-box.com
    D-BOX 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.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.
    %SEDAR: 00012304EF

Contact Information

  • Mr. Claude Mc Master, President and CEO, D-BOX
    Technologies Inc., (450) 442-3003, extension 230, cmcmaster@d-box.com; Mr.
    Marc Jasmin, CMA, President, Jasmin Financial Communications Inc., (514)
    231-2360, mjasmin@d-box.com