Constellation 3D Announces Advance in Red Laser Media Quick Market Introduction Anticipated for Single Drive Solution.

Business Editors

NEW YORK--(BUSINESS WIRE)--June 6, 2000

Constellation 3D, Inc. (OTCBB:CFMD) ("C3D" or the "Company") announced today further product advances in the development of its Fluorescent Multilayer Disc ("FMD") media for use with current standard Red Laser technology.

Red Lasers are a standard and inexpensive component used in all CD and DVD players in order to access the data stored on the disc to be played. C3D has now developed FMD media the same size as a CD/DVD - but with much higher data storage capacity - that can be played on CD/DVD drives which have been subjected to minor and inexpensive modification. Single sided FMD discs for use in these Red Laser-based drives will have capacities up to 25-gigabytes (GB).

What this means in practice is that manufacturers of computers, consumer electronics and other optical-disc-based devices will be able to offer a single, inexpensive, backward compatible disc drive to play all types of CD, DVD and FMD media. It also provides C3D with a clear road map for production of removable data storage media with high capacity applications beyond the reach of DVD (storing up to 9 GB).

This development now enables C3D and partner optical disc media and drive manufacturers to introduce the much higher capacity FMD technology into existing optical disc markets at an incremental cost compared to existing systems, and thereby provide consumers with the opportunity to purchase players able to read the new FMD discs when they appear in the marketplace in Summer 2001.

"The road map for FMD in consumer applications begins at 25 GB and can facilitate applications such as HDTV players and video and audio libraries. Certain vertical market applications such as Digital Cinema players and Internet streaming servers will require higher capacities (over 70 GB) immediately and we will continue to serve these markets using green and blue laser technology", says Dr Eugene Levich, President and CEO.

"For much of the existing installed base of computer drives, a disc with capacity of 25 GB is sufficient for the next 2-4 years. Most importantly this technology gives FMD a smooth and logical entry into the existing optical disc marketplace. We have extended our development efforts toward immediate exploitation of this 25 GB Red Laser disc opportunity concurrently with our existing 100+ GB disc programs previously announced." says Patrick Maloney, SVP of Business Development.

Constellation 3D, Inc. develops advanced data storage products including the high capacity, multi-layer FMD disc and ClearCard(TM). The company has offices in New York, Florida and California, and laboratories in Israel and Russia. Constellation 3D, Inc. holds or has made applications for over 60 worldwide patents in the field of optical data storage. More information is available at www.c-3d.net.

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.

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