TORONTO, May 10 /PRNewswire/ -- IMAX Corporation (Nasdaq: IMAX; TSE: IMX) today announced the appointment of Francis (Frank) T. Joyce as Chief Financial Officer effective May 14th. Mr. Joyce will report to IMAX co-CEOs and co-Chairmen Richard L. Gelfond and Bradley J. Wechsler.

"We are very pleased that Frank will be joining IMAX's senior management team," said IMAX co-CEOs Richard L. Gelfond and Bradley J. Wechsler. "Frank has a diverse and extensive financial background in the media and entertainment industries and we believe his management systems and public company experience will be able to make an immediate impact on the Company and its future."

Mr. Joyce comes to IMAX from theglobe.com where he was Vice President, CFO and Treasurer. He has more than 20 years of experience in finance, primarily in the advertising, film, publishing and internet industries and has worked for a number of large multi-national companies including CBS, Paramount Pictures, Ted Bates Worldwide and KPMG.

IMAX Corporation and its subsidiaries comprise one of the world's leading entertainment technology companies, with particular emphasis on film and digital imaging technologies, including giant-screen images, 3D presentations, digital post-production and digital projection. There were more than 220 IMAX theatres operating in 28 countries around the world as of December 31, 2000. IMAX has a number of subsidiaries including Digital Projection International, whose primary business is the design and manufacture of high-end digital image delivery devices. IMAX Corporation is a publicly traded company listed on both the Toronto and Nasdaq stock exchanges. More information on the Company can be found at http://www.IMAX.com. SOURCE IMAX Corporation

CONTACT: Victoria Dinnick of IMAX Corporation, Toronto, 905-403-6366/