Cubix Investments Inc. -- Company Announces Share Acquisition.Business Editors, High-Tech Writers VANCOUVER, British Columbia--(BUSINESS WIRE)--March 17, 2000 Cubix Investments Inc. (CDNX CDNX See Canadian Venture Exchange (CDNX). .QBX) has acquired, through a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , 675,000 shares of common stock of eMagin Corporation for a total investment of US $5,075,000. eMagin, listed on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the symbol EMA, is a leader in virtual imaging technology and OLED (Organic Light Emitting Device, Organic Light Emitting Diode) A thin film light-emitting technology that is expected to compete with LCD and plasma TVs as well as LCD monitors and readouts. (organic light emitting diode See LED. )-on-silicon thin film technology. The corporation is dedicated to bringing personal imaging solutions to existing and emerging mobile markets that require high-resolution imaging in an ultra-compact package. The company's virtual imaging technology leadership and OLED-on-silicon leadership is evidenced by over 60 issued and licensed patents, OLED performance breakthroughs, and alliances with leading technology companies including Eastman Kodak, IBM, LG Electronics and others. eMagin's high performance OLED microdisplay and Microviewer(TM) optic system modules have the potential to significantly enhance the capabilities and portability of existing and emerging consumer products. Major existing consumer products include digital cameras, camcorders and personal digital assistants (PDAs). Emerging products include cellphone Internet viewers, GPS map viewers, wearable computers, 3-D computer accessories and headset systems for portable DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. , HDTV, video games and other applications. Further information on eMagin can be obtained at the company's website www.emagincorp.com. This transaction is subject to regulatory approval. About Cubix Cubix Investments Inc. is a venture investment corporation which takes early equity and/or debt positions in emerging growth companies. Following the successes of its initial investments in the energy sector, the Company branched out and took early positions in the technology sector targeting several Internet-related investments. The Company continues to strategically position its capital in early stage equity and mezzanine financing rounds throughout the internet, semiconductor, biotechnology and energy sectors. For further information, contact Mr. Brad Carr at 604/669-1471 The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release. |
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