| Constellation 3D, Inc. Responds to the Recent Weakness in the Price of Its Stock 
 
 NEW YORK--(BUSINESS WIRE)--Aug. 16, 2001--Constellation 3D, Inc.
 
 ("C3D") (Nasdaq/NMS: CDDD) - developer of Fluorescent Multilayer Disc (FMD) and Card (FMC) technologies, today announced that the Company knows of no reason for the recent weakness in the price of its stock, and further would direct shareholders and other interested parties to the Company's most recent 10-Q filing and its second quarter results webcast and conference call held after the Nasdaq market close on August 14, 2001.
 
 This audio webcast is available on the Internet at:
 
 viavid.com
 
 Constellation 3D, Inc.
 
 The Company is the worldwide leader in the development of high capacity Fluorescent Multilayer Disc and Card (FMD/C) technology. Constellation 3D holds or has made applications for over 120 worldwide patents in the field of optical data storage, and is supported by 65 scientists. Headquartered in New York City, the Company has additional offices and laboratories in Massachusetts, Texas, Israel and Russia. More information is available at www.c-3d.net.
 
 CONTACT:
 
 Company Contact:
 
 Constellation 3D, Inc.
 
 John Ellis, VP Marketing,
 
 781/933-9435 x15
 
 marketing@c-3d.net
 
 or
 
 Investor/ Broker Inquiries:
 
 FOCUS Partners LLC
 
 Bradley Meyer/Harvey Goralnick
 
 212/752-9445
 
 investors@c-3d.net
 
 KEYWORD: NEW YORK
 
 BW2415  AUG 16,2001
 
 12:42 PACIFIC
 
 15:42  EASTERN
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