IDWK International Displayworks

International DisplayWorks, Inc. (IDW) (Nasdaq:IDWK), a manufacturer and designer of liquid crystal displays (LCDs), modules and assemblies, today announced that it has filed with the Securities and Exchange Commission a preliminary prospectus supplement for the sale of 9,500,000 shares of its common stock pursuant to its existing shelf registration statement relating to the proposed offering. IDW has also granted the underwriters in the proposed offering an option to purchase up to an additional 1,425,000 shares to cover overallotments. The proposed offering is expected to be priced during the week of January 23, 2006. The sole book-running manager of the offering is Deutsche Bank Securities Inc. The co-lead manager is Needham & Company, LLC, and the co-managers are Oppenheimer & Co. and Roth Capital Partners. When available, a copy of the prospectus relating to the offering may be obtained from Deutsche Bank Securities Inc., 60 Wall Street, 4th Floor, New York, NY 10005, or from the offices of any of the underwriters identified above. The net proceeds from the offering are anticipated to be used for general working capital, and possibly for acquisition of technology, asset and companies, or paying down some or all or IDW's existing revolving line of credit. The shelf registration statement relating to the forgoing has previously been filed and declared effective by the Securities and Exchange Commission. These securities may not be sold nor any offers to buy be accepted, and any offers may be withdrawn or revoked, without obligation or commitment of any kind, prior to the time that the prospectus supplement and related prospectus are delivered in final form. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such states. About International DisplayWorks International DisplayWorks, Inc. is a manufacturer and designer of high quality liquid crystal displays, modules and assemblies for a variety of customer needs including OEM applications. IDW operates 466,000 square feet of manufacturing facilities in the People's Republic of China (PRC). Sales offices are located in US, Europe, Hong Kong, Singapore, and China. Copies of IDW's 10-K and other documents as filed with the SEC are available through a link on our web site: www.idwk.com. NOTE: The foregoing is news relating to International DisplayWorks, Inc. ("IDW") and contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. When used in this release, the words "anticipate," "believe," "estimate," "expect" and similar expressions as they relate to IDW or its management, including without limitation, IDW and its subsidiaries, are intended to identify such forward-looking statements. IDW's actual results, performance or achievements could differ materially from the results expressed in, or implied by these forward-looking statements. For more detailed information the reader is referred to IDW's 10-K and other related documents filed with the Securities and Exchange Commission. This does not constitute an offer to buy or sell securities by the Company and is meant purely for informational purposes.