D-BOX Closes Deal With Twentieth Century Fox Home Entertainment
Fox agrees to be first movie studio to include D-BOX codes on its DVDs
LONGUEUIL, QC, Aug. 2 /CNW/ – D-BOX Technologies Inc. (TSX-V: DBO.A) announced today that it has closed a licensing agreement with Twentieth Century Fox Home Entertainment LLC (“Fox”). The deal calls for Fox to become the first movie studio to include the D-BOX technology on certain of its DVD releases. Specifically, the agreement allows for D-BOX to be included on a minimum of 10 and a maximum of 30 DVD releases of Twentieth Century Fox films over the next year.
This new motion feature will transport movie-viewers in the comfort of their homes to a new dimension and let them be part of the movie. Of course, only those homes equipped with D-BOX motion systems will enjoy the full benefit of the DVD-embedded motion code.
“This is a very special time for D-BOX, as our technology will be used by one of the largest movie studios worldwide,” stated Claude Mc Master, President and Chief Executive Officer of D-BOX Technologies. “Having Fox on board will undoubtedly accelerate the penetration of our technology in the U.S. and will significantly enhance our efforts to become a world standard in the entertainment industry.”
“We are impressed by what we have seen,” stated Danny Kaye, Senior Vice President, Research and Technology Strategy at Fox. “After color and sound, we believe that motion could be the next big wave in movie viewing. We feel that D-BOX is a pioneer, and are pleased to be partnered with them.”
The agreement provides for D-BOX to grant Fox the non-exclusive, non-transferable, worldwide, perpetual right to use for internal purposes, reproduce, copy, manufacture or have manufactured market and distribute the D-BOX motion code.
About Twentieth Century Fox Home Entertainment LLC
A recognized global industry leader, Twentieth Century Fox Home Entertainment LLC is the worldwide marketing, sales and distribution company for all Fox film and television programming on VHS and DVD as well as video acquisitions and original productions. Each year the Company introduces hundreds of new and newly enhanced products, which it services to retail outlets — from mass merchants and warehouse clubs to specialty stores and e-commerce – throughout the world. Twentieth Century Fox Home Entertainment LLC is a subsidiary of Twentieth Century Fox Film Corporation, a News Corporation company.
About D-BOX
D-BOX Technologies designs and manufactures high-technology motion simulators destined mainly for the entertainment industry. Its unique, patented technology uses motion codes specifically programmed for each film or video game, resulting in motion perfectly synchronized with on-screen action. D-BOX is aiming to become the global standard in the entertainment world. Visit us at www.d-box.com.
D-BOX(R) is a registered trademark. Odyssee(TM) is a trademark of D-BOX Technologies Inc.
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. We caution that such forward-looking statements involve known and unknown risks, uncertainties and other risks that may cause our actual financial results, performance, or achievements to be materially different from our estimated future results, performance or achievements expressed or implied by those forward-looking statements. Numerous factors could cause actual results to differ materially from those in the forward-looking statements, including without limitation, our ability to achieve increased market acceptance for our product offerings and penetrate new markets; the existence of undetected errors or similar problems in our products; our ability to manage our growth; our ability to compete successfully; potential liabilities; maintaining our intellectual property rights and litigation involving intellectual property rights; our dependence on the expertise of our key personnel; and our access to sufficient capital to fund our future requirements. This list is not exhaustive of the factors that may affect any of our forward-looking statements. Investors are cautioned not to put undue reliance on forward-looking statements. All subsequent written and oral forward-looking statements attributable to D-BOX or persons acting on our behalf are expressly qualified in their entirety by this notice. We disclaim any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or otherwise. Risks and uncertainties about our business are more fully discussed in our Annual Report.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
For further information: Claude Mc Master, President and Chief Executive Officer, D-BOX Technologies Inc., (450) 442-3003, ext. 230, cmcmaster@d-box.com; François Kalos, The Equicom Group Inc., (514) 844-6054, fkalos@equicomgroup.com