D-BOX TECHNOLOGIES ANNOUNCES FIRST CLOSING OF BOUGHT DEAL FINANCING FOR GROSS
PROCEEDS OF $12.5 MILLION

This release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or for dissemination in the United States

LONGUEUIL, QC, Dec. 21 /CNW Telbec/ - D-BOX Technologies Inc. ("D-Box" or the "Company") (DBO.A on the TSX Venture Exchange), a leader in innovative motion technology, announced today that it has completed a first closing of its previously-announced bought-deal public offering by issuing 19,230,846 common shares, at a price of $0.65 per share, for gross proceeds to D-Box of approximately $12.5 million.

The 19,230,846 common shares were sold to a syndicate of underwriters led by National Bank Financial Inc. and including Canaccord Genuity Corp., NCP Northland Capital Partners Inc., Cormark Securities Inc. and Industrial Alliance Securities Inc.

The net proceeds of the offering will be used by D-Box primarily to accelerate the deployment of its motion systems for commercial-theatre application, consistent with D-Box's business objective of deploying its motion systems in the commercial-theatre market and ensuring broader geographical coverage in North America.  The balance of the net proceeds will be used by D-Box for working capital and capital expenditures.

As set out in D-Box's final short form prospectus dated December 10, 2010, D-Box will hold a final closing of the offering in respect of 3,846,154 shares, for gross proceeds of approximately $2.5 million, to be subscribed for by one institutional investor, on January 5, 2011.

D-Box has received an advance income tax ruling from the Ministère du Revenu du Québec confirming that D-Box qualifies as a "qualified issuing corporation" and that the 19,230,846 shares issued by D-Box today qualify as "qualifying shares" for inclusion in a Québec Stock Savings Plan II.  The inclusion in a Québec Stock Savings Plan II in 2010 of the shares issued by D-Box today will entitle an individual (other than a trust) who is resident in Québec on December 31, 2010 to deduct, in the computation of taxable income for Québec tax purposes for his or her 2010 taxation year, 150% of the acquisition cost of the shares.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.  The shares offered have not been and will not be registered under the U.S. Securities Act of 1933 or state securities laws.  Accordingly, the shares may not be offered or sold to U.S. persons except pursuant to applicable exemptions from registration.

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 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^TM is available on more than 900 titles.

Accordingly, many prominent Hollywood studios have started embedding D-BOX Motion Code^TM on selected high definition Blu-ray^TM 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 entertainment world. 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® is a registered trademark and D-BOX Motion Code^TM is a trademark of D-BOX Technologies Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

Forward-Looking Statements

This press release may contain forward-looking statements with respect to D-Box and its operations, strategy, financial performance and condition. These statements generally can be identified by use of forward-looking words such as "may", "will", "expect", "estimate", "anticipate", "intends", "believe" or "continue" or the negative thereof or similar variations. The actual results and performance of D-Box could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulation and the factors described under "Risk Factors" in the annual information form of D-Box. The cautionary statements qualify all forward-looking statements attributable to D-Box and persons acting on its behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and D-Box has no obligation to update such statements.

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.

For further information: For further information:

Investor Relations
Marc Jasmin CMA, Partner
Jasmin-Dumais Financial Communications
514-231-2360
[e-mail]