ISee3D Inc.

ISee3D Inc.

February 28, 2011 12:22 ET

ISee3D Inc. Corporate Update

TORONTO, ONTARIO--(Marketwire - Feb. 28, 2011) - ISee3D Inc. (the "Company" or "ISee3D") (TSX VENTURE:ICT) today announced the resignation of Dwight Romanica as Director, President and Chief Executive Officer of the Company. Mr. Romanica will continue as a special consultant providing finance and capital market advisory services. 

In conjunction with Mr. Romanica's resignation, Tom Mitchell, Chairman of the Board and CTO of ISee3D, has been named as CEO on an interim basis. Mr. Mitchell is an original founder of the Company, and has served as a board member since returning to the Company in 2009. 

"The company is very well positioned strategically," Mr. Romanica said when asked how his departure would affect the Company. "ISee3D has an extremely talented executive team, and continues to represent the state of the art in 3D capture. I'm extremely proud of how far the Company has come in the past several years, and remain excited about the future of the Company."

"On behalf of the board, I want to thank Dwight for his vision and leadership of ISee3D over the past 3 years," said Mr. Mitchell. "Through his efforts, ISee3D has been able to transform its intellectual property into working prototypes and developed several new inventions that have been patented throughout the world. ISee3D has positioned itself well for partnerships with many market leading companies. Those successes have created a fantastic base for us to grow in 2011 and beyond, as we work towards the finalization of licensing and research partnerships that we have been developing over the past year."

About ISee3D

ISee3D owns certain patented technology which provides for the capture of stereoscopic (3D) images through a single lens. The Company's technology has broad application in several markets including the home entertainment industry, consumer electronics, and imaging devices of all sorts including microscopes, endoscopes as well as more sophisticated medical imaging systems.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements" for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

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.

Contact Information

  • ISee3D Inc.
    Tom Dalrymple
    Chief Operating Officer