ARHT books approximately C$584,000 of sales for events and equipment to be delivered during a seven week span from September 11 – November 1, 2018
TORONTO, Oct. 17, 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, today announced that the Company has booked approximately C$584,000 in revenues from events and equipment to be delivered during a seven week span from September 11 – November 1, 2018.
“I am extremely pleased to see our strategy of creating distribution channels in various vertical markets begin to deliver repeat and recurring revenues,” commented ARHT CEO Larry O’Reilly. “Over a period of about seven weeks in September and October ARHT Media will be delivering 21 events (not including client demos), with 17 of those producing aggregate revenue of approximately $425,000. Investment Banking, Pharmaceuticals, Technology, Hollywood, Professional Services, Universities & Science Centres were industries that featured ARHT’s holographic telepresence technology. Event locations include Zurich, London, Turin, Tokyo, Singapore, Shenzhen, Los Angeles, San Diego, Cincinnati, New York, Hartford, Marrakech, Toronto and Halifax.”
“Since adding a new person to our sales team in each of June, July, August and September 2018, as well as opening our demo studio in New York in August 2018, we have seen a huge spike in the number of client demos, which has led to a corresponding increase in sales. The 21 events during this seven week period compares with only two events in the same period last year.”
“We are seeing repeat business from a growing number of international leading brands, as well as third parties buying our display and capture technology to be used on an ongoing basis,” noted ARHT CEO Larry O’Reilly.
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
ARHT Media trades under the symbol “ART” on the TSX Venture Stock Exchange.
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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 events, sales and revenues generated by the Company; the Company’s technology; the potential uses for the Company’s technology; 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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