Montreal, QC, Canada - August 22, 2008 - Isee3D Inc. ("Isee3D") (TSX-V: ICT.H) announces that Iseed3D has closed its private placement of 975,000 common shares (the "Shares") at a price of $0.18 per Share for gross proceeds of $175,500 previously announced on June 19, 2008. The Shares issued as part of the private placement are subject to a four month hold period expiring on December 23, 2008.
The proceeds of the private placement will be used for general working capital purposes.
Isee3D agreed to pay a finder's fee equal to 10% of the gross proceeds under the private placement to Research Capital Corporation.
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