Access Integrated Technologies on Target To Reach Year-End Goal of 150 Installed Systems
02 11월 2005 - 10:01PM
PR Newswire (US)
Disney, Fox, Universal Agreements Drive Digital Cinema Rollout
MORRISTOWN, N.J., Nov. 2 /PRNewswire-FirstCall/ -- Access
Integrated Technologies, Inc. ("AccessIT") (AMEX:AIX) and Christie
Digital Systems ("Christie") said today their target for installing
the first 150 digital cinema projection systems under their
4,000-screen national rollout plan is on schedule for completion by
December 31, 2005. Based on recent distribution agreements signed
with Disney, Twentieth Century Fox and Universal, the company has
begun the initial deployment of systems in theatres in Detroit,
Michigan owned by Emagine Entertainment, Inc. This will be followed
shortly by installations at multiple locations in San Diego and
Riverside County (CA) multiplexes owned by Ultrastar Theaters, Inc.
"Both of these regional chains have been partners with AccessIT
since its purchase of Boeing Digital Systems in March 2004, making
them excellent partners for this initial phase of the rollout. They
have been involved with digital cinema for nearly two years now and
have been anxious to deploy systems across their circuits. As soon
as we had the studio agreements in place, they were ready to begin
deploying the systems in their theatres," stated Bud Mayo, Chairman
and Chief Executive Officer of AccessIT. Jack Kline, President and
COO of Christie Digital Systems USA, Inc., commented: "Our initial
focus has been on ensuring that the Hollywood studios will provide
a consistent flow of digital content to exhibitors. As more studios
offer titles digitally, the need to retrofit theatres to
accommodate and manage multiple projectors is minimized. I'm
delighted that Emagine and Ultrastar recognize the long-term
business advantages of digital cinema, as well as the benefit to
movie goers." As advanced negotiations continue with several
national and regional exhibition chains, Christie/AIX expects
Emagine and Ultrastar Theaters, Inc. to deploy digital cinema
systems throughout their entire regional circuits, totaling
approximately 148 screens. These screens are in addition to
AccessIT's own Pavilion Digital Showcase nine-plex in Brooklyn, New
York, where five digital projectors have been operating since May
and four more are planned. AccessIT will announce future exhibitor
agreements as they are signed. In late June 2005, AccessIT and
Christie announced details of their digital cinema rollout plan,
providing the first economically sound framework for advancing
Hollywood's on-going transition to digital cinema. Designed to
address the needs of studios and exhibitors both large and small,
the plan is based on a fundable business model for the purchase of
DCI-compliant projection equipment at nominal cost to exhibitors,
supported by a steady supply of digital content for the new
hardware from the studios. Support from Hollywood's major studios
enabled AccessIT to expand its total planned installations from
2,500 to 4,000 screens. Disney, Fox and Universal have agreed to
help finance exhibitors' transition to digital technology by paying
virtual print fees to Christie/AIX for each film projected on
Christie/AIX-funded hardware. The company is also in late-stage
negotiations with a number of other studios and content
distributors for their participation in the plan. "Over the past
four months, AccessIT and Christie have been working diligently
toward obtaining first-of-their-kind commitments to digital cinema
from the major Hollywood studios -- an essential element of our
groundbreaking digital cinema rollout strategy. The entertainment
community's response to our plan has been extremely encouraging and
we are excited to have now begun preparations for the first series
of installations as planned. Based on the unprecedented level of
interest in our plan expressed by both regional and national
exhibitors at ShowEast, this experience will be invaluable going
forward as we continue with our deployments next year," added Mayo
Under the Christie/AIX funding plan, participating exhibitors will
receive complete digital cinema systems at no cost other than a
project management and commissioning fee and a standard 10-year
maintenance contract with Christie similar to existing film
maintenance agreements. The Christie/AIX-funded deployment of
Christie DLP Cinema(R) projectors also includes media players and a
central "library" server plus two-way satellite communications and
data storage equipment. The central servers feature AccessIT's
unique vendor-neutral Theater Command Centre ("TCC") software,
which enables all digitally-equipped screens in a multiplex to be
networked, simplifying theater operations through centralized
content management, scheduling, and reporting. Access Integrated
Technologies, Inc. (AccessIT) is an industry leader in offering a
fully managed storage and electronic delivery service for owners
and distributors of digital content to movie theaters and other
venues. Supported by its robust platform of fail-safe Internet data
centers, AccessIT is able to leverage the market-leading role of
its Theatrical Distribution System (TDS) with its innovative
digital delivery capabilities and in-theatre software systems to
provide the highest level of technology available to enable the
emerging Digital Cinema industry to transition from film without
changing workflows. For more information on AccessIT, visit
http://www.accessitx.com/. Christie is a leader in visual solutions
for world-class organizations, offering diverse applications for
business, entertainment, and industry. A leading innovator in film
projection since 1929 and a pioneer in projection systems since
1979, Christie has established a global reputation as a total
service provider and the world's single source manufacturer of a
variety of display technologies and solutions. Christie offers
comprehensive solutions for cinema, large audience venues, control
rooms, business presentations, training facilities, 3D and Virtual
Reality, simulation and education as well as industrial and
government environments. Christie solutions are used in over 75,000
locations worldwide, including more than 10,000 projectors and
displays networked with ChristieNET(TM) networking devices. For
more information on Christie's cinema solutions and to find a
theatre with Christie Digital Cinema projectors, visit
http://www.christiedigital.com/. Safe Harbor Statement Investors
and readers are cautioned that certain statements contained in this
document, as well as some statements in periodic press releases and
some oral statements of AccessIT officials during presentations
about AccessIT, along with AccessIT 's filings with the Securities
and Exchange Commission, including AccessIT 's registration
statements, quarterly reports on Form 10-QSB and annual report on
Form 10-KSB, are "forward-looking" statements within the meaning of
the Private Securities Litigation Reform Act of 1995 (the "Act").
Forward-looking statements include statements that are predictive
in nature, which depend upon or refer to future events or
conditions, which include words such as "expects," "anticipates,"
"intends," "plans," "could," "might," "believes," "seeks,"
"estimates" or similar expressions. In addition, any statements
concerning future financial performance (including future revenues,
earnings or growth rates), ongoing business strategies or
prospects, and possible future actions, which may be provided by
AccessIT's management, are also forward-looking statements as
defined by the Act. Forward-looking statements are based on current
expectations and projections about future events and are subject to
various risks, uncertainties and assumptions about AccessIT, its
technology, economic and market factors and the industries in which
AccessIT does business, among other things. These statements are
not guarantees of future performance and AccessIT undertakes no
specific obligation or intention to update these statements after
the date of this release. DLP Cinema(R) is a registered trademark
of Texas Instruments Inc. Contact: Suzanne Tregenza Moore Michael
Glickman AccessIT The Dilenschneider Group 55 Madison Avenue
212.922.0900 Suite 300 Morristown, NJ 07960 973.290.0080
http://www.accessitx.com/ Dorina Belu Christie 519.749.3323
http://www.christiedigital.com/ DATASOURCE: Access Integrated
Technologies, Inc. CONTACT: Suzanne Tregenza Moore of Access
Integrated Technologies, +1-973-290-0080, or Dorina Belu of
Christie, +1-519-749-3323, , or Michael Glickman of The
Dilenschneider Group for Access Integrated Technologies,
+1-212-922-0900 Web site: http://www.accessitx.com/
http://www.christiedigital.com/
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