SANTA MONICA, Calif. (January 4th, 2002) – Dynamic Digital Depth Inc. (“DDD Inc.”) announces that the Plan of Arrangement, as approved by its securityholders on December 17th 2001, has become effective and that it has completed its delisting from the Canadian Venture Exchange at the close of trading on January 2, 2002.
Pursuant to the Plan of Arrangement, securityholders of DDD Inc. will automatically receive share and (where applicable) warrant certificates in DDD Group Plc on a one-for-one basis in early Jan 2002.
DDD Group Plc (“DDD Group”)(AIM:DDD) completed the placing of CDN $16 million (UK £7 million) and has listed on the Alternative Investment Market (AIM) of the London Stock Exchange. Trading commenced on Thursday January 3rd, 2002 with the shares gaining approximately 26% at the close of the first week of trading in London.
DDD is transforming television with glasses-free 3D TV. Its patented technologies enable 3D viewing without glasses; fast and easy creation of 3D content; and efficient transmission of 3D to the mass-market. More information is available at www.ddd.com.
THE CANADIAN VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, or performance, and underlying assumptions and other statements that are other than statement of historical fact. These statements are subject to uncertainties and risks including, but not limited to, the ability to meet ongoing capital needs, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition, the need to protect proprietary rights to technology, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission, including the Company’s Annual Report on Form 20-F filed with the SEC on January 4, 2000. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Michelle LaPaglia, Communications Manager