ISee3D Inc.

ISee3D Inc.

April 03, 2007 14:52 ET

ISee3D Inc. Shareholders Approve Share Consolidation & Appoint New Director Ilya Sorokin as Chief Technology Officer

MONTREAL, QUEBEC--(CCNMatthews - April 3, 2007) - ISee3D Inc. ("ISee" or the "Company") (TSX VENTURE:ICG.H) is pleased to announce that at the Company's special general meeting of shareholders held on April 2, 2007 its shareholders approved the consolidation of the issued and outstanding common shares of the Company on the basis of one new common share for each fifteen issued and outstanding common shares.

Effective immediately, the Company, subject to regulatory acceptance, will be proceeding with the share consolidation. The Company currently has 93,875,715 shares issued and outstanding and upon completion of the 1:15 share consolidation, it will have 6,258,381 shares issued and outstanding, subject to adjustment to reflect elimination of fractional shares. It is expected that the shares will begin trading on a post-consolidation basis on or about April 9, 2007.

The Company currently has options on shares outstanding to purchase 5,050,000 common shares at various prices. Effective with the consolidation of the common shares the number of common shares issuable upon exercise of such options, and the price at which the shares would be purchased, automatically adjusts to reflect the 1:15 consolidation. As a result the fully-diluted common shares that may be outstanding would be 6,595,048 common shares, again subject to adjustment to reflect elimination of fractional shares.

The Company is also pleased to announce the election of Mr. Ilya Sorokin to its board of directors. Immediately upon election, Mr. Sorokin was appointed the Company's Chief Technology Officer.

Mr. Sorokin has nearly 20 years of Executive Management and Information Technology experience and has provided strategic level consulting to such companies as Microsoft Corporation, NASDAQ, AIG, Aetna, among many others. Mr. Sorokin's experience is related to the founding and management of several companies including: Integrated Solutions, Inc., an IT consulting firm which have completed many projects including multi-million dollar high-tech projects for Hitachi and State of New York; ActForex, Inc. a multi-million dollar technology company serving over 30 brokerages and over 50,000 foreign exchange traders worldwide; and Lone Star Animation, a studio with over 200 animators. Mr. Sorokin's strength is in building highly efficient and effective technology companies with focus on revenue generation.

"We are delighted to have Ilya join our team. Ilya's wealth of experience, abilities and contacts will undoubtedly bolster our team and help us tremendously as we seek to restore shareholder value. We are also optimistic that our share rollback will position the company to attract new investment such that we can pursue various business model options", stated Dwight Romanica, President.

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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