Camera-e-Motion would like to take this opportunity to clarify certain initiatives that were undertaken during the summer of 2008 with regards to the visual effects and 3D animation studio Damnfx, as well as the studio's artists who have been affected by the company's demise.

During the months of August and September 2008, Camera-e-Motion deployed all means at its disposal to acquire Damnfx, due to the international reputation of its artists, the robustness of its pipeline, and the volume of projects both in production and in development.

Unfortunately an audit of Damnfx's books revealed a dramatic financial situation that irrevocably condemned its artists while exposing its clients to severe financial damages due to contractual obligations the company could soon no longer meet. Despite all of their best efforts, Camera-e-Motion and Damnfx's main creditor were unable to reach an agreement, bringing and end to negotiations on September 19th and the layoff of Damnfx's entire workforce.

Camera-e-Motion are Damnfx therefore continue to remain two completely separate and distinct companies. All of Damnfx's debts and obligations toward its employees, creditors and clients which pre-date the 19th of September, continue to be the exclusive responsibility of Damnfx.

Camera-e-Motion could however not remain passive while seeing one of Montreal's leading visual effects houses collapse, entailing loss of jobs and investor confidence, and therefore agreed to complete three of the projects in production at Damnfx without hope of generating any financial profit, for the sake of preserving Damnfx's former clients' confidence in Montreal's CG industry, and the indirect long term benefits this confidence can bring to the local artist community.