3D Systems Releases Restated Financial Statements


-- "We announced our plans to introduce a new fast, simple and economical 3-D Printer, the V-Flash(TM) desktop modeler, capable of creating stereolithography-like parts in the office, home or school setting.

"Since the end of the third quarter of 2006, we continued to work to remedy as promptly as we could all the material weaknesses that we have identified. Also since the end of the third quarter, we continued to work to correct all of the remaining ERP, supply-chain, relocation and systems' stabilization-related issues. We believe that, as of today, the majority of our operational issues have been resolved successfully, and we expect to resolve any remaining operational and control issues as promptly as we can although we currently expect to report that the material weaknesses that we have identified and disclosed continued at year end. We remain confident in our overall direction and expect that the key initiatives and investments that we undertook throughout 2006 will provide us with the right platform to achieve our long-term objectives," concluded Reichental.

Conference Call and Audio Webcast Details

3D Systems will hold a conference call and audio Webcast to discuss its third quarter and first nine months' 2006 financial results this morning at 11:30 a.m. Eastern Time.

-- To access the Conference Call, dial 1-888-336-3485 (or 706-634-0653 from outside the United States). A recording will be available two hours after completion of the call for seven days. To access the recording, dial 1-800-642-1687 (or 706-645-9291 from outside the United States) and enter 8245255, the conference call ID number.

-- To access the audio Webcast, log onto 3D Systems' website at www.3dsystems.com. The link to the Webcast is provided on the homepage of the website. To ensure timely participation and technical capability, we recommend logging on a few minutes prior to the conference call to activate your participation. The Webcast will be available for replay beginning approximately 48 hours after completion of the call at: www.3dsystems.com under the Investor Relations' section.

Forward-Looking Statements

Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses or that include terms such as "believes," "belief," "expects," "estimates," "intends," "anticipates" or "plans" to be uncertain and forward-looking. Forward-looking statements may include comments as to the company's beliefs and expectations as to future events and trends affecting its business and expectations, including matters relating to the proposed restatements of the company's financial statements and related matters described herein, and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings "Forward-Looking Statements," "Cautionary Statements and Risk Factors," and "Risk Factors" in the company's periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements.

About 3D Systems Corporation

3D Systems is a leading provider of Rapid 3-D Printing, Prototyping and Manufacturing solutions. Its systems and materials reduce the time and cost of designing products and facilitate direct and indirect manufacturing by creating actual parts directly from digital input. These solutions are used for design communication and prototyping as well as for production of functional end-use parts: Transform your products.

More information on the company is available at www.3dsystems.com, or via email at moreinfo@3dsystems.com.
                        3D SYSTEMS CORPORATION
           Condensed Consolidated Statements of Operations
 Three Months and Nine Months Ended September 30, 2006 and September
                               30, 2005
               (in thousands, except per share amounts)
                             (unaudited)


                               Three Months Ended   Nine Months Ended
                                   September 30        September 30
                               -------------------- ------------------
                                   2006      2005     2006      2005
                               ----------- -------- --------- --------
                                           Restated           Restated

Revenue:
 Products                        $ 22,732  $22,874  $ 65,917  $65,465
 Services                           8,738    9,299    26,327   29,576
                               ----------- -------- --------- --------
         Total revenue             31,470   32,173    92,244   95,041

Cost of sales:
 Products                          13,349   10,930    40,849   33,482
 Services                           7,381    6,568    21,214   19,896
                               ----------- -------- --------- --------
         Total cost of sales       20,730   17,498    62,063   53,378

                               ----------- -------- --------- --------

Gross profit                       10,740   14,675    30,181   41,663

                                                          -----------  --------  ---------  --------

Operating  expenses:
  Selling,  general  and
    administrative                                      13,821        9,960        34,788      28,607
  Research  and  development                      3,856        3,429        10,087        8,805
  Severance  and  restructuring                1,745              42          5,663              49

                                                              -----------  --------  ---------  --------
                  Total  operating
                    expenses                                  19,422      13,431        50,538      37,461

                                                              -----------  --------  ---------  --------

Income  (loss)  from  operations            (8,682)      1,244      (20,357)      4,202

Interest  and  other  expense,  net              336            199              661            682
                                                              -----------  --------  ---------  --------

Income  (loss)  before  provision
  for  income  taxes                                    (9,018)      1,045      (21,018)      3,520
Provision  for  income  taxes                    2,241            100          2,303            447

                                                              -----------  --------  ---------  --------
Net  income  (loss)                                  (11,259)          945      (23,321)      3,073

Preferred  stock  dividends                              -            412          1,414        1,268

                                                              -----------  --------  ---------  --------
Net  income  (loss)  available  to
  common  stockholders                          $(11,259)  $      533    $(24,735)  $  1,805

                                                              ===========  ========  =========  ========

Shares  used  to  calculate  basic
  net  income  (loss)  available  to
  common  stockholders  per  share
  (1)                                                              18,375      15,146        16,689      14,838

                                                              ===========  ========  =========  ========

Basic  net  income  (loss)
  available  to  common
  stockholders  per  share  (1)            $    (0.61)  $    0.04    $    (1.48)  $    0.12

                                                              ===========  ========  =========  ========

Shares  used  to  calculate  fully
  diluted  net  income  (loss)
  available  to  common
  stockholders  per  share  (1)                18,375      16,222        16,689      15,979

                                                              ===========  ========  =========  ========

Diluted  net  income  (loss)
  available  to  common
  stockholders  per  share  (1)            $    (0.61)  $    0.03    $    (1.48)  $    0.11

                                                              ===========  ========  =========  ========


(1)  See  Schedule  1  for  the  calculation  of  basic  and  diluted  net  income
  (loss)  available  to  common  stockholders  per  share.
 


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