ISee3D Inc.
NEX BOARD : ICT.H

ISee3D Inc.

September 12, 2007 15:44 ET

ISee3D Inc. Closes $290,000 Equity Raise and Continues With Plans to Reactivate as a Tier 2 Issuer

MONTREAL, QUEBEC--(Marketwire - Sept. 12, 2007) - ISee3D Inc. (NEX:ICT.H) ("ISee" or the "Company") announces that it has received regulatory approval and, effective September 10, 2007, closed a private placement in the amount of $290,000.

The Company now plans to close an additional $1,000,000 of its previously announced $1,500,000; all in relation to ISee's application to reactivate as a Tier 2 Issuer on the TSX Venture Exchange (the "Reactivation").

As set forth in the Corporation's Press Releases of April 15, 2007 and April 24, 2007, the Reactivation is proposed to be effected without either a Change of Business or a Reverse Take-Over (as such terms are defined in the Exchange Policies). Management's plan of Reactivation involves the Corporation commercializing its existing Patents (such Patents being related to three-dimensional stereoscopic imaging). ISee considers that its Patents have a variety of potential uses for application in the fields of medicine, dentistry, entertainment and Internet streaming video.

Prior to regulatory approval of the Reactivation, however, the Company is only permitted to raise an aggregate of $500,000 of the anticipated $1,500,000. Prior to the Closing of the $290,000 raise, the Company closed a private placement in the amount of $210,000 on July 26, 2007.

The reason for the partial close of an aggregate of $500,000 is to enable the Corporation to further develop its technology and proceed to demonstrate its Patents' commercialization. Additionally, a portion of the proceeds of the Private Placement will be used for general working capital purposes.

The $290,000 financing involved the sale of 966,667 Units at a price of $0.30 per Unit. Each Unit will consist of one common share and one common share purchase warrant. The common shares issued (and those issued on exercise of the warrants) will have a hold period of four months from the closing of the Private Placement.

Each common share purchase warrant will entitle the holder to purchase one additional common share at a price of $0.50 per share for a period of twelve months after the closing of the Private Placement. The Corporation, however, reserves the right, but not the obligation, subject to the forwarding of fifteen (15) days' written notice, to redeem for cancellation all warrants issued under the Private Placement (for a redemption price of $0.001 per warrant) at any time after the Corporation's listed common shares have been trading above a daily close of $0.60 for fifteen (15) consecutive trading days and only after the four-month hold period has expired.

Lirojen Enterprises Ltd. and PanLiant Financial Corp., entities related to the Company Insiders, subscribed for 133,333 and 166,667 Units respectively.

1325872 Alberta Inc. acted as one of the brokers and was compensated as to 6% in cash (or $9,600) and 37,333 Broker Warrants (or 7% of the Units placed) each being exercisable at a price of $0.30 per share for a period extending 12 months from the closing date. A second broker, Lincoln Peck Financial Inc., was compensated in like manner (specifically, $5,400 cash and 21,000 Broker Warrants). No compensation was payable, however, in relation to the Units subscribed for by the Company's Insiders.

After giving effect to the common shares issued pursuant to this Private Placement, ISee has 7,925,206 issued and outstanding common shares.

Cautionary Statement

No stock exchange, securities commission or other regulatory authority has approved nor disapproved the information contained herein. The News Release includes certain "forward looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of ISee, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from ISee's expectations include, but may not be limited to, those risks detailed from time to time in the filings made by ISee with securities regulations

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy and accuracy of this release.

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