SOURCE: DigitalFX International, Inc.

March 16, 2007 16:55 ET

DigitalFX International Draft Form 10-KSB to Be Amended

LAS VEGAS, NV -- (MARKET WIRE) -- March 16, 2007 -- DigitalFX International, Inc., (OTCBB: DFXN), a digital communications company and provider of social networking solutions, today announced that a draft of the Company's annual report on Form 10-KSB was filed with the Securities and Exchange Commission without authorization by the Company's third-party EDGAR vendor.

The Company will file an amended Form 10-KSB within the next few days.

ABOUT DIGITAL FX INTERNATIONAL

DigitalFX is a digital communications and social networking company. The Company develops and markets proprietary web-based social networking software applications, including video email, video instant messaging and live webcasting. DigitalFX bundles its proprietary applications with other open source applications and sells them as an integrated suite through an Internet-based subscription model. The Company's Web 2.0 communication tools enable users to create, transcode, send, manage and store all forms of digital media content (i.e., photos, videos, music, documents). These innovative social networking applications are scalable, customizable and highly extendible.


FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. An example of a forward-looking statement includes anticipated filing of an amended Form 10-KSB. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

Contact Information

  • Contact Info:

    Lorne Walker
    CFO
    DigitalFX International, Inc.
    702-506-0779

    Arun Chakraborty
    Investor Relations
    Stern & Co.
    212-888-0044