DXN Digitalfx International, Inc.

LAS VEGAS, May 29 /PRNewswire-FirstCall/ -- DigitalFX International, Inc. (http://www.digitalfx.com/) (AMEX:DXN), a streaming video and digital communications company, today announced that it had filed a Form S-3 shelf registration statement with the Securities and Exchange Commission on Friday, May 23, 2008. After the shelf registration statement has become effective, DigitalFX International may, from time-to-time, offer its common stock, preferred stock and debt securities up to an aggregate public offering price of up to $10,000,000. These securities may be offered, separately or together, in separate series, in amounts, at prices and on terms to be set forth in a filing with the Securities and Exchange Commission at the time of such offering. The shelf registration statement is intended to provide DigitalFX International with flexibility to raise funds from the offering of its securities in one or more offerings, subject to market conditions and DigitalFX International's capital needs. The Company has no immediate plans to offer or sell any of its securities. The registration has not yet become effective. Any offer to sell, or solicitation of an offer to buy securities, if and when such offer is made, will be pursuant to a prospectus supplement that will be issued in respect of any such offering. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of the 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 state. About DigitalFX International, Inc. DigitalFX International (http://www.digitalfx.com/) (AMEX:DXN) is a creator of web-based products such as streaming live and on-demand video, video email and digital storage that because of their extremely low cost for the first time brings the next generation Internet revolution to individuals through its http://www.helloworld.com/ site, and small and medium-sized businesses via its http://www.firststream.com/ site. The company also develops and markets proprietary communication and collaboration services, and social networking software applications, including its flagship product, called The Studio. The Studio is a cost-effective, all-in-one, web-based solution that allows users to send email and video email, group chat with video, conduct a private, public or pay-per-view live webcast, upload digital content, and post videos on demand in multiple media formats. For more information about DigitalFX, please visit us at http://www.digitalfx.com/. To receive public information, including press releases, conference calls, SEC filings, profiles, investor kits, News Alerts and other pertinent information, please click on the following link: http://www.b2i.us/irpass.asp?BzID=1407&to=ea&s=0 FORWARD-LOOKING STATEMENTS The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Examples of forward-looking statements include statements related to potential future offerings of our securities. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward looking statements if they comply with the requirements of the Act. DATASOURCE: DigitalFX International, Inc. CONTACT: Investor Relations, Mike Flanigan or Ted Tackaberry, Communication Initiatives, +888-724-0208, , for DigitalFX International; or Amy Black, President of DigitalFX International, +1-702-938-9300 Web site: http://www.digitalfx.com/ http://www.helloworld.com/ http://www.firststream.com/

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