C-3D to Appeal Amex's Delisting Notice.

Business Editors

UNIVERSAL CITY, Calif.--(BUSINESS WIRE)--Nov. 21, 2002

On November 14, 2002, C-3D Digital, Inc. ("the Company" or "C-3D") (AMEX:DDD) received a written notice from the American Stock Exchange (the "Exchange" or "Amex") Staff indicating that the Exchange had determined that the Company would not be able to regain compliance with the Exchange's continued listing standards by March 31, 2003, and that the Exchange intended to proceed with the filing of an application with the Securities and Exchange Commission (the "SEC") to strike the Company's common stock from listing and registration on the Exchange.

The Exchange cited the Company's financial concerns, such as stockholders' equity being below $2,000,000 and sustaining losses in two of past three years, stockholders' equity being below $4,000,000 and sustaining losses in three of past four years, stockholders' equity being less than $6,000,000 and sustaining losses in past five years, and listing of additional shares without due approval from the Exchange, and the Company's failure to provide sufficient information to the Exchange, low selling price of the Company's shares, as reasons for its determination. The Exchange also restated the Company's auditors' going concern regarding lack of an established source of revenues sufficient to cover its operating costs, and substantial doubt about the Company's ability to continue.

In accordance with Section 1203 and 1009(d) of the Amex Company Guide, the Company has filed for a hearing with the Exchange to appeal the Staff's determination. While the Company is planning to put its best effort, including a merger with another public or private entity, to regain compliance with the continued listing standards, there can be no assurance that the Company's request for continued listing will be granted.