Digimarc Announces Deferral of Ex-Distribution Date for Spin-Off Distribution

2008-08-02 01:07:07 -

www.digimarc.com - Digimarc Corporation (NASDAQ:DMRC) was notified today by Nasdaq that Nasdaq has not yet determined the ex-distribution date for the previously announced distribution of shares of common stock of DMRC Corporation, the entity that will operate Digimarc's existing digital watermarking business following the spin-off of that business to Digimarc stockholders. Nasdaq has advised Digimarc that, until the ex-distribution date is established, secondary market trades in the shares of Digimarc Corporation carry the entitlement to the distribution of DMRC Corporation shares. Digimarc will announce the ex-distribution date by press release before the ex-distribution date.

Investors are encouraged to consult their advisors regarding the implications of the deferral of the ex-distribution date and sales of Digimarc common stock prior to the ex-distribution date. Questions regarding the ex-distribution date should be directed to the NASDAQ OMX Group, Inc. at 203-375-9609.

The spin-off is described in the Registration Statement on Form 10 filed by DMRC Corporation with the SEC on June 23, 2008, as amended on July 22, 2008.

About Digimarc

Digimarc Corporation (NASDAQ:DMRC), based in Beaverton, Oregon, is a leading supplier of secure identity and media management solutions. Digimarc provides products and services that enable the annual production of more than 60 million personal identification documents, including ID solutions for more than 25 countries. Digimarc's digital watermarking technology provides a persistent digital identity for various media content and is used to enhance the security of financial documents, identity documents and digital images, and support other media rights management applications.

Digimarc has an extensive intellectual property portfolio, with more than 360 issued U.S. patents with more than 7,500 claims, and more than 500 pending U.S. and foreign patent applications in digital watermarking, personal identification and related technologies. The Company is headquartered in Beaverton, Oregon, with other U.S. offices in Burlington, Massachusetts; Fort Wayne, Indiana; and the Washington, DC, area; and international offices in London and Mexico. Please go to www.digimarc.com for more company information.

Forward-Looking Statements

With the exception of historical information contained in this release, the matters described herein contain certain "forward-looking statements." Such forward-looking statements are statements of management's opinion and are subject to certain assumptions, risks, uncertainties and changes in circumstances. Actual results may vary materially from those expressed or implied from the statements herein or from historical results, due to changes in economic, business, competitive, technological and/or regulatory factors. For instance, although Digimarc and L-1 have signed an agreement for Digimarc to spin off its digital watermarking business, for L-1 to complete a tender offer for shares of Digimarc common stock, and for a subsidiary of L-1 to merge with and into Digimarc, there is no assurance that the proposed spin-off, tender offer or merger will be completed in a timely manner or at all. More detailed information about risk factors that may affect actual results is set forth in filings by Digimarc with the Securities and Exchange Commission on Forms 10-K and 10-Q, including, but not limited to, those described in Digimarc's form 10-K for the year ended December 31, 2007. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's opinions only as of the date of this release. Except as required by law, Digimarc undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this release.

RH Strategic Communications for Digimarc
Delisa Davis, 202-585-0210
ddavis@rhstrategic.com