DDD Raises $5 Million for 3D TV

SANTA MONICA, Calif. (July 31, 2001) - Dynamic Digital Depth Inc.(CDNX:DDE), the company bringing 3D TV to market, has raised CDN$5million through an equity private placement.

Lead investor, Elliott Associates, subscribed for over $3 million ofthe capital and remains DDD’s largest shareholder.

“Having seen the progress DDD has made bringing 3D TV withoutglasses to market - including 3D TV systems actually available for salenow - we are more convinced than ever that DDD will play a major rolein the transformation of consumer television,” said aspokesperson for Elliott.

The terms of the private placement announced in April were amendedto increase the size of the equity financing to CDN$5,029,024 throughthe issuance of 1,796,079 Units at a price of CDN$2.80 per Unit. EachUnit comprises one common share and one-half warrant, with each wholewarrant exercisable into one common share at an exercise price ofCDN$3.50 over a two year period. Commissions of cash and units werepaid in accordance with applicable securities laws. This privateplacement is subject to regulatory approval.

DDD is transforming television with glasses-free 3D. Its patented 3Dtechnologies enable the creation of 3D content; mass-marketdistribution; and 3D viewing without glasses. The free OpticBOOMPlug-in and more information are available at www.ddd.com. DDD ispublicly traded on The Canadian Venture Exchange under the symbolCDNX:DDE.