Digital Domain Recruits Top VFX Industry Executives

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Venice, Calif., September 20, 2006 - Digital Domain, the Academy Award®-winning full-service digital studio and production company responsible for jaw-dropping visual sequences in such films as “Titanic,” “Day After Tomorrow,” “I, Robot” and the upcoming Clint Eastwood film, “Flags of our Fathers,” as well as commercials such as the recent Budweiser Super Bowl “Superfan” spot, has hired a trio of executives that have served as instrumental leaders of one of the visual effects industry‘s most accomplished companies.

Mark Miller, a 22-year veteran of Industrial Light & Magic (ILM) whose credits include overseeing such visual effects works as “Pirates of the Caribbean: Dead Man‘s Chest,” “The Hulk” and two installments of “Jurassic Park,” has been named president of Digital Domain, reporting to Chief Executive Officer Carl Stork. Cliff Plumer, who joined ILM in 1996 and was promoted to chief technology officer for all of LucasFilm two years ago, will become chief technology officer of Digital Domain and will lead the company‘s planned expansion of its own technological resources and in the convergence of films and video games. Kim Libreri, the architect behind the visual effects company ESC Entertainment and a key force behind all three “Matrix” movies as well as “Poseidon,” will join Digital Domain as vice president - Advanced Strategy.

“Mark, Cliff and Kim have distinguished careers in the visual effects industry and we are delighted that they share Digital Domain‘s vision and will join forces with our talented artists and technologists,” said Carl Stork, Digital Domain chief executive officer. “Whether it‘s developing photo-realistic computer-generated humans or exploring digital technology pipelines capable of producing commercials, video games and feature films, Mark, Cliff and Kim will play key roles in ensuring Digital Domain‘s industry leadership for many years to come.

“We believe our photo-realistic computer-generated technology, with the assistance of Mark, Cliff and Kim, will revolutionize the entertainment industry and will change the way we think about live-action and will even allow directors to bring back personalities of the past to `perform‘ new material,” Stork said.

John Textor, Digital Domain co-chairman, noted that as well as being a testament to Digital Domain‘s leadership position in the industry, the addition of the three executives will help the company execute on the growth strategy laid out when Textor and his partners acquired Digital Domain earlier this year.

“When we acquired the company earlier this year, we clearly communicated our goal to build on the company‘s continuing success in the creation of visual effects in both feature films and commercials, while also establishing a first-of-its-kind digital production studio for the world‘s leading filmmakers. The addition of these three distinguished industry leaders will have a profoundly positive impact on these efforts,” Textor said. “The talented team at Digital Domain is now well positioned to take advantage of rapidly evolving digital visual effects technologies and games technologies to allow the most forward-thinking filmmakers to tell even more compelling and visually stunning stories in the future.”

“ILM has been a true pioneer in visual effects and really the best place for us to have established ourselves within this industry. Cliff, Kim and I had the pleasure to work with great people in an environment that was responsible for the creation of so many visual effects standards and breakthroughs,” Miller said. “Since its founding, Digital Domain has also remained at the forefront of the visual special effects business and, for us, represents an opportunity to try some new things in an entrepreneurial environment that will contribute greatly to the continued innovation of our craft while continuing to be focused on the needs of filmmakers. Digital Domain has a team with a reputation for high quality, cutting-edge work and the ability to deliver stunning visual imagery through commercials and feature films. We‘re all pleased to be joining Digital Domain at the beginning of what we believe will be an exciting growth phase for the company, especially given the new technology in the pipeline, as well as for the visual effects industry. Our vision is to help directors and artists bring creativity to life on screens of all sizes.”

Miller, Plumer and Libreri will join Digital Domain‘s executive leadership team alongside Stork, Ed Ulbrich, who heads the company‘s industry leading advertising business unit and oversees select feature films and alternative media projects; and Jeff Stringer, who leads the digital studio group.

Digital Domain was acquired in May 2006 by an affiliate of Wyndcrest Holdings, LLC, an investment group whose principals in addition to Stork and Textor are director Michael Bay, NFL football great Dan Marino and Jonathan Teaford. Wyndcrest Holdings is a Florida-based private investment and acquisition firm focused on technology-related opportunities in entertainment, telecommunications and the Internet.

ABOUT DIGITAL DOMAIN

Founded in 1993, Digital Domain is an award-winning full-service digital studio and production company that creates special visual effects and other visual imagery for feature films, commercials and music videos. A pioneer in digital effects, Digital Domain‘s business units have been recognized with awards from the top industry organizations. In its 13-year history, Digital Domain has won five Academy Awards®: two for Best Visual Effects (“Titanic,” “What Dreams May Come”); and three for Scientific and Technical Achievement for its proprietary imaging software. The company has also been nominated for three other Academy Awards® for Best Visual Effects (“Apollo 13,” “True Lies,” “I, Robot”). In addition, its excellence in digital imagery and animation has earned Digital Domain multiple British Academy (BAFTA) Awards, and Prix Arts Electronica and Prix Pixel INA awards.

Digital Domain‘s Commercials division provides digital imagery and animation for television commercials, working with the top commercial directors. Serving Fortune 100 companies, the division has built a reputation as an innovator and industry leader in television commercial production and is the largest and most-awarded creator of digital imagery in its field. To date, it has been awarded 34 Clio Awards, 22 AICP awards, 8 Cannes Lion Awards and numerous other advertising honors. The Commercials division has also produced multiple music videos working with artists that include The Rolling Stones, Faith Hill, Creed, Janet Jackson, Busta Rhymes, Bjork, Celine Dion, Michael Jackson and Nine Inch Nails, and has earned Grammy® and MTV “Music Video of the Year” Awards.

Digital Domain‘s D2 Software subsidiary was established to productize the software tools developed by Digital Domain, such as the company‘s Academy Award®-winning Nuke™ compositing package.

Using high-end digital software technology, Digital Domain capitalizes on the company‘s extensive industry relationships and years of production experience to develop films of exceptional quality for an international audience. For more information about Digital Domain, please see

www.digitaldomain.com

.

ABOUT WYNDCREST HOLDINGS

Wyndcrest Holdings, LLC, is a Florida-based private investment and acquisition firm focused on technology-related opportunities in entertainment, telecommunications and the Internet. Wyndcrest actively supports its portfolio companies to assure the optimal positioning and deployment of associated technologies as well as the efficient execution of related business plans.

Wyndcrest comprises five investment principals with significant financial and legal expertise in the closure of public/private mergers, acquisitions and investments, and in the operation of large, small and start-up companies. The principals, John Textor, Michael Bay, Jonathan Teaford, Carl Stork and Dan Marino, have extensive direct experience in the disciplines of management, technology development, strategic planning, business development and investment banking. For more information on Wyndcrest Holdings, please see

www.wyndcrest.com

.

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