To: Sophie Janne who wrote (1 ) 12/30/1999 11:35:00 AM From: Douglas Harper Respond to of 924
biz.yahoo.com Thursday December 30, 8:01 am Eastern Time Company Press Release C3D Inc. Receives $1.6 Million From a Private Investment Group NEW YORK--(BUSINESS WIRE)--Dec. 30, 1999-- C3D Inc. (OTC Bulletin Board: CDDDE - news; ``C3D' or the ``Company') announced today that it has received one million six hundred thousand ($1,600,000) dollars from Winburn Advisory, a private investment group, in exchange for the issuance of the Company's 8% Series C Convertible Note. The Note matures on October 31, 2001 and is convertible into shares of its Common Stock at a conversion price of the greater of (a) the market price at the time of conversion, or (b) $50 per share. Eugene Levich, the Company's President and CEO stated that he ``was gratified that the Company's technology was beginning to be recognized by the investment community for its potential future and current value.' C3D (www.c-3d.net) has offices in New York, Florida and California, and laboratories in Israel and Russia. Research is conducted by an internationally renowned team of scientists that currently holds over 40 international patents and patent applications in the field of optical data storage. Statements contained in the news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which may cause actual results to differ materially from expected results. THE SEC AND NASD HAVE NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Contact: Media/Broker Inquiries: C3D, Inc. Executive Office: Telephone: 212/983-1107 or Investor Inquiries: C3D, Inc. Patrick Maloney Business Development Manager pmaloney@c-3d.net