LONGUEUIL, QC, Aug. 20 /CNW Telbec/ - D-BOX Technologies Inc. (TSX-V:
DBO.A), a leader in innovative Motion Technology mostly for the
entertainment industry, is pleased to announce the results of its annual
and special meeting of shareholders held on August 18, 2010 in Montreal.
At the meeting, shareholders elected Jean-Pierre Desrosiers as a new
member of the Board of Directors of D-BOX, and re-elected Louis Brunel,
Claude Mc Master, Élaine C. Phénix, Philippe Roy, Pierre Mc Master,
Strath Goodship, Jean Colbert and Richard Soly to the Board. The
shareholders also re-appointed Ernst & Young LLP, Chartered Accountants,
as the auditors of D-BOX.
Mr. Jean-Pierre Desrosiers is a partner with KPMG LLP, Chartered
Accountants, and has been with KPMG since 1980. Over the years, Mr.
Desrosiers has held numerous positions with pre-eminent accounting
firms. From 1998 to 2007, Mr. Desrosiers held the position of Managing
Partner of the KPMG Montréal office. Then, he was appointed Canadian
Managing Partner, Markets. As such, he was responsible for the
communication, marketing and business development strategies of the firm
in Canada. He was also a board member of the KPMG Americas and KPMG
Canada, for one year and three years, respectively, in addition to
sitting on the KPMG Canada Management Committee for seven years. During
his career at KPMG, Mr. Desrosiers was called on to work with a number
of large corporations in various lines of business. Mr. Desrosiers also
participated in numerous public issues and merger and acquisition
transactions. Mr. Desrosiers is presently serving on the board of
directors of the following organizations: Concordia University, Jewish
General Hospital Foundation, Cirque Eloize and La Pieta.
At the meeting, shareholders also approved a resolution ratifying and
confirming D-BOX's stock option plan, as required under the policies of
the TSX Venture Exchange, and a special resolution authorizing, if
deemed advisable by the Board of Directors to possibly no later than
August 18, 2011, proceed with an amendment to the Articles of D-BOX so
as to consolidate the common shares of D-BOX on the basis of one share
for a maximum of ten common shares then issued and outstanding.
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™, uses motion
effects specifically programmed for each film, TV series or video game,
which are sent to a motion generating system integrated within either a
platform or a seat. The resulting motion is perfectly synchronized with
all onscreen action, creating an unmatched realistic, immersive
experience. To date, D-BOX Motion Code™ is available on more than 900
titles. Accordingly, many prominent Hollywood studios have started
embedding D-BOX Motion Code™ on selected high definition Blu-ray™ and
theatrical releases. By reaching agreements with the leaders of both the
motion picture and gaming industries, D-BOX's award-winning motion
technology is gradually proving itself as a new global standard in the
D-BOX is a publicly traded company listed on the TSX Venture exchange
under the symbol DBO.A. For further information please see href="http://www.d-box.com/">www.d-box.com.
D-BOX® 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.
"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."
SOURCE D-BOX Technologies Inc.
For further information: For further information:
|MEDIA AND OTHER REQUESTS |
Vice-President of Marketing
D-BOX Technologies Inc.
450-442-3003 ext 263
Marc Jasmin CMA, Partner