HONG KONG, Dec. 29 /PRNewswire-FirstCall/ -- Lightscape Technologies Inc. (OTC Bulletin Board: LTSC), an operator of outdoor LED billboards and provider of LED solutions, announced today that it was awarded two strategically significant new projects, one with Le Royal Arc, a leading 6-star hotel complex in Macau, and the other in Hong Kong with Prudential, one of the world's largest financial services institutions.

Located in Macau's premium downtown district, Le Royal Arc has engaged Lightscape to design, supply and build three outdoor LED billboards, each measuring 121 square meters. These three LED billboards will help build greater awareness of the complex among Macau residents and visitors, draw attention to its compelling entertainment offerings, and help enhance the value of the property.

Bondy Tan, President and CEO of Lightscape, said, "We are delighted to be working with Le Royal Arc in Macau on this project, further underscoring our commitment into the Macau market. This project also highlights our core strength as a total solution provider within the LED solutions business. For Le Royal Arc we will provide end-to-end services from design, to supply and build, and through to content creation. With our innovative LED solutions and total services package, we continue to grow our business and make our mark in the Macau and Hong Kong leisure and entertainment industries."

Lightscape has also been commissioned to develop and design content for the LED billboards, including creating different animated themes for various Macau festivals and occasions throughout the year. The three LED billboards will be placed in well-located and highly visible positions, just above the complex's front entrance. Lightscape will also provide ongoing 3D and 2D computer animation creation and production for the three LED billboards. Lightscape's design, supply and build work for the Le Royal Arc is a multi-million dollar project, with Lightscape also receiving ongoing fees for content creation.

Recognizing Lightscape's expertise in enhancing the performance of outdoor LED billboards with innovative software and design, Prudential has engaged Lightscape to be its technical consultant for the company's existing LED rooftop signage as well as develop innovative 3D and 2D animations. Prudential's LED billboard is one of the largest rooftop advertising billboards in Hong Kong. Located in Tsim Tsa Tsui, a popular shopping district in Kowloon, Prudential's LED rooftop signage faces Hong Kong island and is prominently visible not only to offices in Hong Kong's principal business and financial district, but also to Hong Kong's most prestigious residential areas.

Mr. Tan added, "Our technical consultancy work with Prudential is yet another strategic milestone for the company and is a tangible result of our hard work, despite the challenging market environment. Many companies, particularly those in the financial services sector, are looking for high-impact yet cost-effective means to enhance their brand profile in Hong Kong's highly competitive market. We have a compelling LED solution that can help companies strengthen their brand profile."

As a technical consultant, Lightscape's role will include consultancy services for the existing LED rooftop signage in respect of construction and framework, as well as reviews of technical performance, durability and maintenance. Lightscape will also develop innovative 3D and 2D animations for Prudential's LED rooftop signage and provide an extensive range of services, ranging from conceptual animation design, storyboard development and production of animations, to professional advice on display content. New animations created by Lightscape are scheduled to be launched during Chinese New Year in early 2009 to greet the populace upon the start of the prosperous Year of the Ox.

About Lightscape Technologies

Lightscape Technologies Inc. (OTC Bulletin Board: LTSC) is one of the leading digital media and LED solutions companies in Asia. Lightscape is building an outdoor LED media network in China focused on LED billboards in prime locations. The Company also designs, markets, sells and installs large-scale LED video screens and LED systems, operates outdoor LED advertising billboards, and provides LED screen rentals. Lightscape is headquartered in Hong Kong, and the Company has offices in Singapore, China and Macau. For additional information, please visit www.lightscapetech.com.hk.

Cautionary Disclaimer - Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking statements include, among others, the estimation, expectation and/or claim, as applicable, that: Lightscape will provide end-to-end services from design, to supply and build, and through to content creation for the Le Royal Arc project in Macau; Lightscape expects to grow its business in the Macau and Hong Kong leisure and entertainment industries; Lightscape expects to install three outdoor LED billboards at Le Royal Arc in Macau and to develop and design content for the LED billboards; Lightscape expects its design, supply and build work for the Le Royal Arc to be a multi-million dollar project, with Lightscape also receiving ongoing fees for content creation; and Lightscape expects to provide consultancy services to Prudential in Hong Kong for its existing LED rooftop signage in respect of construction and framework, as well as reviews of technical performance, durability and maintenance, and the development of innovative 3D and 2D animations, with new animations scheduled to be launched during Chinese New Year in early 2009. Actual results could differ from those projected in any forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, delays in the supply of LED modules, LED video billboards and other hardware; risks of downturns in economic conditions generally and in Hong Kong and Macau specifically; competition with larger companies with greater resources and more experience in providing LED solutions; the availability of timely financing; and the Company's ability to manage growth. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the Securities and Exchange Commission and available at www.sec.gov.

SOURCE Lightscape Technologies Inc.