Moving iMage Technologies Says it Has No Direct Financial Exposure to Silicon Valley Bank or Signature Bank
15 3월 2023 - 8:00PM
Business Wire
Moving iMage Technologies (NYSE American: MITQ) ("MiT"),
today said it has no direct financial exposure to Silicon
Valley Bank or Signature Bank in the wake of the banks being closed
by regulators. MiT utilizes banking services from Bank of the West,
a subsidiary of BMO Financial Group, a highly diversified financial
services provider and the 8th largest bank, by assets, in North
America.
Silicon Valley Bank was closed by the California Department of
Financial Protection and Innovation (“CDFPI”) on March 10, 2023.
The CDFPI has appointed the Federal Deposit Insurance Corporation
(“FDIC”) as receiver of SVB. Signature Bank, New York, NY, was
closed on March 12, 2023 by the New York State Department of
Financial Services, which appointed the Federal Deposit Insurance
Corporation (FDIC) as receiver.
About Moving iMage Technologies
MOVING iMAGE TECHNOLOGIES (NYSE American: MITQ) is a leading
provider of technology, products, and services to the Motion
Picture Exhibition industry and is expanding into live
entertainment venues and Esports. We sell proprietary products,
which we design and manufacture in-house, and are developing,
introducing, and supporting a wide range of disruptive technologies
that will bring SaaS and subscription-based products. Our Caddy
brand of proprietary manufactured products is a leading provider of
cup holders, trays, and other products to entertainment and sports
venues. For more information, visit www.movingimagetech.com.
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Moving iMage Technologies Investor Relations and Media
Contacts: Brian Siegel, IRC®, M.B.A. Senior Managing Director
Hayden IR (346) 396-8696 brian@haydenir.com
Moving iMage Technologies (AMEX:MITQ)
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Moving iMage Technologies (AMEX:MITQ)
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