Memorial Day Weekend Milestone Proves Digital Feature Availability
Memorial Day Weekend Milestone Proves Digital Feature Availability
MORRISTOWN, N.J., May 30 /PRNewswire-FirstCall/ -- Access Integrated Technologies, Inc. ("AccessIT") (NASDAQ:AIXD) reported today Memorial Day Weekend 2006 marked another digital cinema milestone for the industry, with almost 85 percent of its Christie/AIX digitally-equipped theatre screens across the country presenting feature films, reflecting the first wave of what will be a steadily increasing number of digital releases during the balance of the year.
AccessIT's own Pavilion Digital Showcase Theatre in New York City featured major digital releases on all nine of its screens. Twenty-five of the company's fifty-three exhibitor partner multiplexes in California, Washington State, Michigan, Texas, Georgia, North Carolina, Tennessee, Iowa, and Alabama are operating digital cinema systems at or near capacity thanks to the record number of digital releases available for the Memorial Day weekend.
Over the next few months, in addition to the films currently in release, more than an estimated 25 feature films are scheduled for digital release. All major studios have announced digital features in their respective line-ups.
Bud Mayo, Chairman and CEO of AccessIT, commented: "This digital cinema milestone underscores the commitments made by Hollywood Studios to provide a steady stream of digital feature releases, enabling exhibitors to fully utilize their new digital cinema hardware. This Summer, millions of movie-goers across the country will have the opportunity to experience the magic of digital cinema first-hand. We expect to reach close to 100% utilization for all installed systems by year-end. Given the full slate of releases planned for the remainder of 2006, an increasing number in digital 3-D, it is our goal to ensure that patrons at our exhibitor partners, Carmike, UltraStar, Emagine, Galaxy, Cinetopia and our own Pavilion, are treated to the kind of unique movie experience that only digital projection can provide."
To date, AccessIT's Christie/AIX subsidiary has completed the installation of approximately 400 digital projection systems in 17 states with a goal of reaching at least 500 in-time for July 4th weekend. Complete digitization of the Emagine and UltraStar chains concluded early this year, as the first of multiple installations at Cinetopia and Galaxy Theatres, and the initial phase of up to 2,300 systems at Carmike Cinemas commenced.
The Christie/AIX-funded deployment of Christie DLP Cinema(R) projectors also includes media players, a central "library" server, two-way satellite communications, data storage equipment, Christie's technical services, project management, and a 10-year maintenance plan which includes parts and labor. The central servers feature AccessIT's unique vendor-neutral Theater Command Centre ("TCC") software, which allows 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 the industry leader in providing fully integrated software and services to enable the motion picture entertainment industry and all of its constituents to transition from film to digital cinema. The company's Theatrical Distribution System software and electronic satellite delivery services provide studios and content owners with a seamless entry into the digital era while its vendor neutral Theatre Command Center and Exhibitor Management System provide exhibitors with all the tools needed to transition to digital cinema. For more information on AccessIT, visit www.accessitx.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.
Contact:
Suzanne Tregenza Moore Michael Glickman
AccessIT The Dilenschneider Group
55 Madison Avenue 212.922.0900
Suite 300
Morristown, NJ 07960
www.accessitx.com
Source: Access Integrated Technologies, Inc.
CONTACT: Michael Glickman of The Dilenschneider Group for AccessIT,
+1-212-922-0900
Web site: http://www.accessitx.com/
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