TORONTO, June 07, 2018 (GLOBE NEWSWIRE) -- ARHT Media Inc. (“ARHT” or “the Company”) (TSX-V: 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 has successfully reached agreements with two major global investments banks (the “banks”), whereby ARHT is providing the banks with pre-recorded holograms for use at multiple events and locations across the globe.
The pre-recorded holograms were captured in New York and Hong Kong and have been broadcasted at separate events in Berlin and Singapore, as well as in Sydney, Melbourne and Brisbane, generating CAD$206,000 in revenues. ARHT is currently in discussions with the two banks concerning additional live and pre-recorded event presentations and the repeat use of the content, which is expected to generate recurring revenues for ARHT.
“We are very excited with the progress we are making across our verticals of focus, and specifically within the financial institutions market where our goal to build high margin recurring revenues is starting to get traction,” commented ARHT CEO, Larry O’Reilly. “We remain very confident about the growth opportunities ahead of us based on the robust and growing pipeline of opportunities we are working on.”
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
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 potential uses for the Company’s technology; anticipated future and recurring revenue from existing customers; 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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