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ARHT Media Showcases its Holographic Telepresence at CineEurope 2018 with Focus on Recurring Revenue Growth(June 11, 2018)
TORONTO, June 11, 2018 (GLOBE NEWSWIRE) -- ARHT Media Inc. (“ARHT” or “the Company”) (TSXV:ART), a global leader in the development, production and distribution of high quality hologram content through its patented Augmented Reality Holographic Telepresence technology, is pleased to announce that the Company will be showcasing and conducting a number of meetings and demos at CineEurope 2018. CineEurope is the official annual convention of the movie exhibition industry which introduces the very best in exclusive studio screenings and product presentations, cinematic technologies and innovations and educational seminars to keep business leaders on top of industry trends. The event is being held from June 11 to 14, in Barcelona, Spain and will be attended by all of the major Hollywood and international movie studios and movie theatre owners and executives from 37 European territories.
ARHT has a large number of confirmed scheduled meetings and demos with movie exhibitors from the entire EMEA (Europe, Middle East and Africa) as well as a number of Hollywood studios. This follows similar demonstrations and meetings held at the global movie exhibition conference held in Las Vegas and the Asian regional conference in Hong Kong in recent months.
“Our movie exhibition model which includes an upfront payment and ongoing annual subscription fees, as well as special event broadcast fees, will generate recurring revenues to ARHT Media annually while providing opportunities for exhibitors to earn incremental revenues through corporate and educational rental fees and increased advertising fees. The economics are very compelling for all parties,” commented ARHT CEO, Larry O’Reilly. “Our focus on recurring revenue growth over the past few months is starting to show results and we are excited in demonstrating our accelerated and sustainable growth in revenues and profits in the quarters to come.”
About ARHT Media
ARHT’s patented Augmented Reality Holographic Telepresence technology is the world’s first complete end-to-end solution for the creation, transmission, and delivery of lifelike digital human holograms, known as HumaGrams™. The company's technology is protected by U.S. Patent No. 9,581,962.
Connect with ARHT Media
ARHT Media trades under the symbol “ART” on the Toronto Venture Stock Exchange.
ARHT Media Investor Contact:
ARHT Media Press Contact
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the Company’s technology; the Company’s participation at CineEurope 2018; the planned growth and acceleration of ARHT’s revenues; the potential uses for the Company’s technology; the future planned events using the Company’s technology; the future success of the Company; the ability of the Company to monetize the HumaGram™ technology; the development of the Company’s technology participation by the Company in the Expo; and interest from parties in ARHT’s products. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic and competitive uncertainties; regulatory risks; risks inherent in technology operations; and other risks of the technology industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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