LONGUEUIL, QC,
Recent highlights - D-BOX continues its breakthrough in the commercial theatre market; - Presentation of four new feature presentations in the months of September, October and November 2009 - As at September 30,2009 over 30,000 people had assisted to a representation of a movie embedded with D-BOX technology - 69 new installations announced after the end of the quarter, bringing the total number of systems to 237 for a growth rate exceeding 40%; - "Cinéma Beloeil", (26 motion units) - Galaxy Cannery (Las Vegas), (11 motion units) - Wehrenberg (St-Louis), (22 motion units) - Emagine Entertainment (Canton), (12 motion units) - The Corporation completes after the end of the second quarter a financing for a gross amount of $3,500,000 consisting of the issuance of 8,750,000 common shares and 4,375,000 purchase warrants. Each purchase warrant entitles the holder to purchase one additional common share of D-BOX at a price of $0.65 for an eighteen-month period ending January 23, 2011.
Commenting the quarterly accomplishments,
Selected Financial Highlights For the three-month period ended September 30 (in dollars, except loss per share) ------------------------------------ Q2/2010 Q2/2009 September 30, September 30, 2009 2008 ------------------------------------ ------------------------------------------------------------------------- Revenues 908,795 1,004,910 Net loss and comprehensive loss (1,533,403) (1,484,603) Basic and diluted loss per share ($0.0154) ($0.0159) ------------------------------------ Balance sheet data As at As at September 30, March 31, 2009 2009 ------------------------------------ Cash and cash equivalents 4,273,213 2,982,806 Short-term investments - 1,614,677 ------------------------------------ Total short-term liquidities 4,273,213 4,597,483 ------------------------------------------------------------------------- Additional information in regards to the three and six-month periods ending September 30, 2009
The financial information in regards to the three and six-month periods ended
Outlook
In general, D-BOX will focus its development initiatives on three major areas: movie theatres, video games, and home theatre.
In the commercial theatre market, the Corporation intends to continue signing agreements with new exhibitors, to increase the number of motion units (MFX seats) installed at existing ones and to obtain additional content from movie studios. In regards to the home entertainment segment which includes the video gaming and home theatre markets, the Corporation aims to expand its distribution network mostly thru new OEM (Original Equipment Manufacturers) agreements aimed to complement direct sales efforts (Video Games). D-BOX believes that further tapping into these markets could drive significant revenues while boosting recognition of its technology.
About D-BOX
D-BOX Technologies designs and manufactures leading edge high-technology motion systems mainly suited to the needs of the entertainment industry. With its unique patented technology, D-BOX Motion Code(TM), it uses motion codes specifically programmed for each film, TV program or video game, which are sent to a motion generating system integrated within either a platform or a seat. The resulting motion is perfectly synchronised with all onscreen action, creating an unmatched realistic, immersive experience. To date, D-BOX Motion Code(TM) is available on over 850 titles. Accordingly, many prominent
D-BOX is a publicly traded company listed on the TSX Venture exchange under the symbol DBO.A. For further information please see www.d-box.com.
D-BOX(R) is a registered trademark and D-BOX Motion Code is a trademark of D-BOX Technologies Inc. Other names are for informational purposes only and may be trademarks of their respective owners.
Disclaimer in regards to Forward-Looking Statements
Certain statements included herein, including those that express management's expectations or estimates of our future performance constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward looking statements. We disclaim any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or otherwise.
"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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For further information: For further information: Mr. Luc Audet, Chief financial officer, D-BOX Technologies Inc., (450) 442-3003, extension: 296, [email protected]; Mr. Marc Jasmin CMA, Partner, Jasmin-Dumais Financial Communications Inc., (514) 231-2360, [email protected]
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