D-BOX Technologies Inc.

D-BOX Technologies Inc.

April 11, 2008 07:53 ET

D-BOX Technologies Inc. closing $1.8 million private placement with an important institutional investor in the United States


    LONGUEUIL, QC, April 11  - D-BOX Technologies Inc.
(TSX-V: DBO.A) announces that it is completing a private placement by issuing
3,181,818 common shares to an important institutional investor in the United
States at a price of $0.55 per share, for gross proceeds to D-Box of
    The proceeds from the private placement will be used by D-BOX for
commercialization, working capital and general corporate purposes.
    Under applicable securities legislation and policies of the TSX Venture
Exchange, the common shares issued in the private placement will be subject to
a hold period expiring on August 12, 2008.
    As a result of the private placement, there will be 91,966,542 common
shares of D-BOX issued and outstanding.

    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.

    This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities described herein. The securities have
not been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act"), or any state securities laws and
may not be offered or sold within the United States or to United States
Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.

    The TSX Venture Exchange has neither approved nor disapproved the
    contents of this press release.
    %SEDAR: 00012304EF

Contact Information

  • Normand Chartrand, Chief Financial Officer,
    D-BOX Technologies Inc., (450) 442-3003, ext. 258, nchartrand@d-box.com; Marc
    Jasmin, President, Jasmin Financial Communications Inc., (514) 231-2360,