NEWS RELEASE

Kestrel 3D Partners with Cameron Thomson to Drive International Business Development

3D Imaging Solutions Powerhouse Enlists Cameron Thomson to Extend International Reach

London, UK - 16 March, 2004 - Kestrel 3D Limited based in the East Midlands, the leading provider of 3D imaging and multimedia solutions, announced today its appointment of Cameron Thomson Group Ltd. as its international business development partner. Under the arrangement, Cameron Thomson Group, the pre-eminent supplier of business development services to the media and entertainment industries, will assist Kestrel 3D in extending its business internationally maximizing the value of Kestrel's 3D imaging solutions, interactive multimedia services, intellectual property rights library, and single-purpose business initiatives.

Kestrel 3D's expertise is in transforming real world objects into perfect three-dimensional digital copies and utilizing these as the foundations for creating solutions targeting education, engineering, art and heritage, medical and dental, and the creative industries. Kestrel 3D's patented laser scanning technology has set a new standard for digital image creation and usage, and with its robust technological base the company is aggressively building a business to service a rapidly growing market for high-quality commercial archiving, authentication and multimedia services.

"Kestrel 3D is growing at an unprecedented rate, and Cameron Thomson Group's guidance will be critical to help maximize the value of our business", states Jerry Connolly, Chief Executive of Kestrel 3D.

"We are excited to be involved in bringing Kestrel 3D's value proposition to our core markets", says Ronald Thomson President of Cameron Thomson Group. "Kestrel's enlightened approach to digital imaging is poised to take our industry by storm."

In addition to extending Kestrel 3D's imaging solutions into Cameron Thomson Group's core media and entertainment markets in Italy, the UK and North America, Cameron Thomson will assist Kestrel 3D in the development of its 'Trail of the Mummy' joint venture with the Rijksmuseum. This innovative world exhibition features a spectacular range of interactive multimedia applications created by Kestrel 3D and its Edinburgh based Multimedia team which work in tandem with the actual artefacts. 'Trail of the Mummy' is the first of many touring exhibitions which leverage Kestrel 3D's underlying assets. In conjunction with this activity Cameron Thomson will be instrumental in exploiting Kestrel 3D's growing multimedia library and in developing broadcast and film-related sales channels.

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About Kestrel 3D Group

Based in the English East Midlands, Kestrel 3D is a privately held limited company that is preparing for an IPO by the Autumn (Fall) of 2004. Employing 50 people, Kestrel 3D operates three scanning centres (in Stirling, Dundee University, and Queens University Belfast) and the Multimedia Team in Edinburgh. The first of a network of scanning centres in England is scheduled to open in the summer of this year.

Contact Kestrel 3D Group at www.Kestrel 3Dgroup.com, on or directly via e-mail at Kestrel 3D@Kestrel 3Dgroup.com.

About Cameron Thomson Group

Cameron Thomson Group Ltd. is a leading business development company specializing in providing corporate development and investment banking services to the media, IT and entertainment industries. Drawing from its broad base of experienced and highly motivated professionals, Cameron Thomson's expertise is in transforming business ideas into prosperous commercial opportunities. Cameron Thomson has a track record in building successful new media companies that maximize the value of their intellectual properties globally through traditional media, the Internet, and via evolving broadband and wireless distribution mediums.

Cameron Thomson Group is based in Toronto, Canada, with offices in Milan, Italy, and in London, UK. As part of its core offering, the company is engaged in arranging financing for media, entertainment and IT companies. Cameron Thomson Group has established an enviable track record in financing start-up, early-stage companies, mature businesses, motion picture productions and other media projects.

For more information on Cameron Thomson Group, visit www.cameronthomson.com or contact:

Canada - Michael Applebaum at +001.416.350.5009, michael@cameronthomson.com
UK - Tracey Thomson at +44.0207.659.1191, email tt@cameronthomson.com
Italy - Enrico Amiotti at +39.335.846 6835 or email: eamiotti@cameronthomson.com