SENSIO Technologies Inc.

SENSIO Technologies Inc.

March 12, 2009 14:00 ET

SENSIO Closes Its Private Placement and Announces the Exercise of Warrants

MONTREAL, QUEBEC--(Marketwire - March 12, 2009) - SENSIO Technologies Inc. ("SENSIO") (TSX VENTURE:SIO), inventor of the SENSIO® 3D technology, announces that it will not proceed with the second phase of its private placement, as previously mentioned in the news release of last February 6. The second phase of the placement provided for the issuance of 3,333,333 units at a unit price of $0,30 for a sum of $1,000,000. "For strategic reasons and further to recent developments, we decided not to proceed with the second phase of the private placement but rather move forward with the initial game plan announced on January 26 of this year, thus allowing us to avoid a further share dilution," explained Nicholas Routhier, Sensio's President and CEO.

SENSIO closed the first phase of its private placement on February 6 in which it issued 5,000,334 units for a total sum of $1,500,100. Each unit consisted of one common share of SENSIO at a unit price of $0.30 plus a half warrant. Each whole warrant entitles the holder to acquire one common share of SENSIO at a price of $0.35, each during the first year and at a price of $0.40 during the second year following the closing date of the first phase of the private placement.

Exercise of warrants

At the end of February, SENSIO issued 1,148,094 shares at a price of $0.256 each further to the exercise of the same number of warrants. The exercise of the warrants has allowed SENSIO to collect a sum of $293,912.06.


Founded in 1999, SENSIO, headquartered in Montreal, Canada, develops and markets forward-looking stereoscopic technologies designed to offer the most advanced and immersive cinematographic experience available. Its flagship technology, SENSIO®3D, allows the high-quality distribution of 3D content through conventional 2D channels and playback on any display device, including plasma TVs, HDTV and glass-free 3D displays. Working with major Hollywood studios and large format 3D film producers, SENSIO has built up one of the world's largest libraries of 3D movies for the home entertainment market.

SENSIO® is a trademark of SENSIO Technologies Inc.

This news release contains forward-looking statements that reflect the Company's expectations with regard to future events. Actual events could differ significantly from those anticipated in this document.

"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."

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