3D Systems Completes Private Placement of 6% Convertible Subordinated...
12/30/2003

VALENCIA, Calif., Dec. 17, 2003 - 3D Systems Corp. (Nasdaq:TDSC) announced today the completion of its private placement of 6% convertible subordinated debentures, initially reported on December 2, 2003. As more fully discussed in the 8-K filed with the SEC today, from November 24, 2003 to December 11, 2003, the Company privately placed $22.7 million principal amount of 6% convertible subordinated debentures, which mature on November 30, 2013. The debentures bear interest at the rate of 6% per year payable in cash semi-annually in arrears on May 31 and November 30 of each year, commencing May 31, 2004. The debentures are convertible into shares of 3D Systems common stock at the option of the holder at any time prior to maturity at $10.18 per share. 3D Systems has agreed to register the shares of its common stock issuable upon conversion of the debentures for resale under the Securities Act.

The net proceeds to 3D Systems from the sale of the debentures were approximately $22.3 million. 3D Systems used $8.6 million of the net proceeds to repay the then outstanding balance owed under its credit facility with U.S. Bank, and intends to use the remainder of the net proceeds for working capital purposes. Commenting on the completion of this financing, Abe Reichental, 3D Systems’ President & Chief Executive Officer, “This financing has enabled us to pay off our existing bank debt and has substantially improved our cash position in the short term. We are continuing to work to improve the company’s profitability, as well as pursue initiatives which improve our customer’s bottom line. We plan to use some of the proceeds of this financing to support our new product development efforts.”

The debentures have not been registered under the Securities Act of 1933, as amended, and neither the debentures, nor the common stock into which the debentures are convertible, may be offered or sold in the United States absent registration under, or an applicable exemption from the registration requirements of, the Securities Act.

About 3D Systems

Founded in 1986, 3D Systems®, the solid imaging companySM, provides solid imaging products and systems solutions that reduce the time and cost of designing products and facilitate direct and indirect manufacturing. Its systems utilize patented proprietary technologies to create physical objects from digital input that can be used in design communication, prototyping, and as functional end-use parts.

3D Systems offers a wide range of imaging, communication rapid prototyping and on demand manufacturing systems including the MJM product line (InVision 3-D printer and ThermoJet® solid object printer), SLA® (stereolithography) systems, SLS® (selective laser sintering) systems, and Accura® materials (including photopolymers, metals, nylons, engineering plastics, and thermoplastics).

More information on the company is available at www.3dsystems.com, or by phoning 888/337-9786, or 661/295-5600 ext. 2882 internationally, or email moreinfo@3dsystems.com.

Certain statements in this news release may include forward-looking statements that express the expectation, prediction, belief or projection of 3D Systems. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance and achievement of 3D Systems to be materially and adversely different from any future results, performance or achievement expressed or implied by these forward-looking statements. Factors that may cause actual results to differ from the forward-looking statements contained in this release and that may affect the company's prospects in general include, but are not limited to; disruption caused by the reconfiguration of the management team; the funding of additional amounts of capital adequate to provide for the working capital needs of the Company; the outcome of pending litigation and regulatory matters, actions of competitors and customers; the Company's ability to successfully design and produce new products; customer acceptance of new products; the Company's ability to enter into successful relationships with new customers to fully exploit its products; the Company's ability to successfully implement all elements of its restructuring and cost savings program, and such other factors as are described in the Company's filings with the Securities and Exchange Commission. The Company does not undertake to update any forward-looking statements

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