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ARHT Media Provides Corporate Strategy Update
V.ART | 5 days ago
ARHT to build out distribution channels to drive recurring revenues
Management targets EBITDA profitability starting in 2019
Company to host investor and analyst call on April 9, 2018
TORONTO, April 04, 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 provide an update on the Company’s corporate strategy encompassing recent sales and marketing activities, as well as financial outlook and planning process for the remainder of fiscal 2018.
Sales & Marketing:
During the course of the past 90 days, the Company has been aggressively marketing its technology offering to a global list of Fortune 500 companies in various verticals including entertainment, education, convention centres, hotels & meeting rooms, retail, media, sports, and corporate-use verticals. The positive feedback from this growing group has been encouraging and a robust and growing pipeline of opportunities is emerging, which management intends to convert to significant revenue growth in the upcoming quarters.
Business Model:
Historically, the Company has been focused on the sale of its products and services on a pure one off event-driven basis. In recent months and going forward, ARHT’s business model will consist of upfront hardware sales, complemented by recurring revenues associated with the use of the Company’s proprietary software either through broadcast or subscription use fees and an annual license fee for access to the network and software upgrades. This shift in the business model is expected to significantly increase the Company’s revenues, providing operating leverage as the network of revenue generating display and capture locations roll out globally which will contribute to EBITDA and net earnings growth. Based on recent transactions and preliminary discussions, as well as demonstrations of the technology there is meaningful interest from a variety of parties and this new business model appears to resonate well within key target verticals.
Financial Outlook:
As a result of the above mentioned sales and marketing activities, level of interest, and change in the business model, ARHT’s management team is targeting for the Company’s revenues to double in the coming fiscal year, to break-even inside of the next twelve months, with an objective to be profitable in fiscal 2019.
“On the heels of strengthening our balance sheet, we have hit the ground running on a global basis and our new business models have been well received,” stated ARHT CEO Larry O’Reilly. “We have a world-class technology and a great opportunity to deploy it globally. The strength and appeal of our product is perfectly suited for many vertical markets and applications, which I expect will strengthen our financial growth and augment our shareholder value creation for the future.”
Investor and Analyst Call:
The Company will host an investor and analyst call at 11:00 am ET on Monday, April 9, 2018 to discuss its corporate strategy update.
To access the call, please dial 1-800-281-7973 or 1-323-794-2093. A replay of the conference call will be available from 2:00 pm ET on April 9, 2018, until 11:59 pm ET, May 9, 2018. To access the replay, call 1-844-512-2921 or 1-412-317-6671, followed by passcode 3806206.
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
Twitter: http://www.twitter.com/ARHTmedia
Facebook: http://www.facebook.com/ARHTmediainc
LinkedIn: http://www.linkedin.com/company/arht-media-inc-
For more information, please visit http://www.arhtmedia.com/ or contact the investor relations group at info@arhtmedia.com.
ARHT Media trades under the symbol “ART” on the Toronto Venture Stock Exchange.
ARHT Media Investor Contact:
Ali Mahdavi
am@spinnakercmi.com
ARHT Media Press Contact
Salman Amin
samin@arhtmedia.com
ARHT Media Provides Corporate Strategy Update
V.ART | 5 days ago
ARHT to build out distribution channels to drive recurring revenues
Management targets EBITDA profitability starting in 2019
Company to host investor and analyst call on April 9, 2018
TORONTO, April 04, 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 provide an update on the Company’s corporate strategy encompassing recent sales and marketing activities, as well as financial outlook and planning process for the remainder of fiscal 2018.
Sales & Marketing:
During the course of the past 90 days, the Company has been aggressively marketing its technology offering to a global list of Fortune 500 companies in various verticals including entertainment, education, convention centres, hotels & meeting rooms, retail, media, sports, and corporate-use verticals. The positive feedback from this growing group has been encouraging and a robust and growing pipeline of opportunities is emerging, which management intends to convert to significant revenue growth in the upcoming quarters.
Business Model:
Historically, the Company has been focused on the sale of its products and services on a pure one off event-driven basis. In recent months and going forward, ARHT’s business model will consist of upfront hardware sales, complemented by recurring revenues associated with the use of the Company’s proprietary software either through broadcast or subscription use fees and an annual license fee for access to the network and software upgrades. This shift in the business model is expected to significantly increase the Company’s revenues, providing operating leverage as the network of revenue generating display and capture locations roll out globally which will contribute to EBITDA and net earnings growth. Based on recent transactions and preliminary discussions, as well as demonstrations of the technology there is meaningful interest from a variety of parties and this new business model appears to resonate well within key target verticals.
Financial Outlook:
As a result of the above mentioned sales and marketing activities, level of interest, and change in the business model, ARHT’s management team is targeting for the Company’s revenues to double in the coming fiscal year, to break-even inside of the next twelve months, with an objective to be profitable in fiscal 2019.
“On the heels of strengthening our balance sheet, we have hit the ground running on a global basis and our new business models have been well received,” stated ARHT CEO Larry O’Reilly. “We have a world-class technology and a great opportunity to deploy it globally. The strength and appeal of our product is perfectly suited for many vertical markets and applications, which I expect will strengthen our financial growth and augment our shareholder value creation for the future.”
Investor and Analyst Call:
The Company will host an investor and analyst call at 11:00 am ET on Monday, April 9, 2018 to discuss its corporate strategy update.
To access the call, please dial 1-800-281-7973 or 1-323-794-2093. A replay of the conference call will be available from 2:00 pm ET on April 9, 2018, until 11:59 pm ET, May 9, 2018. To access the replay, call 1-844-512-2921 or 1-412-317-6671, followed by passcode 3806206.
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
Twitter: http://www.twitter.com/ARHTmedia
Facebook: http://www.facebook.com/ARHTmediainc
LinkedIn: http://www.linkedin.com/company/arht-media-inc-
For more information, please visit http://www.arhtmedia.com/ or contact the investor relations group at info@arhtmedia.com.
ARHT Media trades under the symbol “ART” on the Toronto Venture Stock Exchange.
ARHT Media Investor Contact:
Ali Mahdavi
am@spinnakercmi.com
ARHT Media Press Contact
Salman Amin
samin@arhtmedia.com
