SOURCE: Lightscape Technologies

June 24, 2008 10:47 ET

Lightscape Technologies Expands Its Work With Hong Kong's Prestigious K-11 Hanoi Road Re-Development

HONG KONG--(Marketwire - June 24, 2008) - Lightscape Technologies Inc. (OTCBB: LTSC), an operator of outdoor LED billboards and provider of LED solutions, today announced the commencement of several new projects at K-11 Hanoi Road, a high-end redevelopment project located on Hong Kong's Victoria Harbour owned by New World Development Company Limited (HKG: 0017).

The K-11 Hanoi Road Project is one of the largest real estate development projects in Hong Kong and includes a hotel with over 380 rooms, 36 stories of luxury residential condominiums, 265,000 square feet of retail shopping space and 13,000 square feet of public space.

The scope of new work awarded to Lightscape includes providing lighting design and consultancy services for the project and designing and installing an LED lighting and control system for the entire façade of the tower, which will be of one of Kowloon's tallest buildings. The digital control system, which will use Lightscape's proprietary software, is critical for the creation and playback of dynamic lighting effects that will accentuate the architectural elements of the building within Hong Kong's growing skyline. Lightscape will also design, supply and install a large-scale curved LED video wall for the indoor area of the facility which has a pixel pitch of 31.25mm and which measures 118 feet x 18 feet (or 36 meters x 5.5 meters).

Bondy Tan, President and CEO of Lightscape commented, "We are pleased to be a part of Hong Kong's largest urban renewal effort in the heart of the Tsim Sha Tsui business district and one of the tallest skyscrapers in Kowloon. These projects demonstrate the breadth and flexibility of our LED design solutions."

Lightscape began work at K-11 Hanoi Road during the second half of 2007 and projects to date have included the design and installation of LED video walls within the K-11 main showroom and at the pedestrian overpass within the property's shopping mall. All the work for this phase of the redevelopment project is expected to be completed by the end of 2008.

About Lightscape Technologies

Lightscape Technologies Inc. (OTCBB: LTSC) is one of the leading digital media and LED solutions companies in Asia. Through a joint venture agreement, Lightscape is building an outdoor LED media network in China focused on LED billboards in prime locations. The company also designs, markets, sells and installs large-scale LED video screens and LED systems, operates outdoor LED advertising billboards, and provides LED screen rentals. Lightscape is headquartered in Hong Kong, and the company has offices in Singapore, China and Macau. For additional information, please visit www.lightscapetech.com.hk.

Cautionary Disclaimer - Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking statements include, among others, the estimation, expectation and/or claim, as applicable, that: Lightscape expects to complete its work for the design and installation of an LED lighting and control system for the tower façade, the design, supply and installation of a curved LED video wall for the indoor area, and the design and installation of the LED video wall at the pedestrian overpass of the K-11 Hanoi Road development by the end of 2008. Actual results could differ from those projected in any forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, delays in the supply of LED modules, LED video screens and other hardware; risks of downturns in economic conditions generally and in Hong Kong specifically; the availability of timely financing; and the company's ability to manage growth. These forward-looking statements are made as of the date of this news release and the company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the company's periodic reports filed from time-to-time with the Securities and Exchange Commission and available at www.sec.gov.

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