Ballantyne Strong to Announce 2020 Third-Quarter Financial Results and Host Conference Call on November 12, 2020
October 30 2020 - 4:30PM
Ballantyne Strong, Inc. (NYSE American: BTN) (the “Company”),
a holding company with diverse business activities focused on
serving the entertainment, retail and advertising markets, today
announced that the Company will issue its 2020 third-quarter
financial results after the market closing on Thursday, November
12, 2020. The Company’s financial results and an accompanying slide
presentation will also be available on the Investor Relations page
of the Company’s website at ballantynestrong.com/investors.
A conference call to discuss the 2020
third-quarter financial results will be held on Thursday, November
12, 2020 at 5:00 pm Eastern Time. Investors and analysts are
invited to access the conference call by dialing 855-327-6837
(domestic) or 631-891-4304 (international) and providing the
operator with conference ID number: 10011742. Please dial in at
least five minutes before the start of the call to register. A
replay will be available approximately three hours after the
conclusion of the conference call until Saturday, December 12, 2020
by dialing 844-512-2921 in the U.S. and Canada and 412-317-6671
internationally and entering the conference ID number:
10011742.
Forward-Looking Statements
Except for the historical information in this
press release, it includes forward-looking statements, including
but not limited to those discussed in the “Risk Factors” section
contained in Item 1A in our Annual Report on Form 10-K for the year
ended December 31, 2019, Part II, Item 1A of the Company’s
Quarterly Report on Form 10-Q for the quarterly period ended June
30, 2020 and the Company’s subsequent filings with the Securities
and Exchange Commission, and the following risks and uncertainties:
the negative impact that the COVID-19 pandemic has already had, and
may continue to have, on the Company’s business and financial
condition, the Company’s ability to maintain and expand its revenue
streams to compensate for the lower demand for the Company’s
digital cinema products and installation services, potential
interruptions of supplier relationships or higher prices charged by
suppliers, the Company’s ability to successfully compete and
introduce enhancements and new features that achieve market
acceptance and that keep pace with technological developments, the
Company’s access to capital, the Company’s ability to successfully
execute its capital allocation strategy, the Company’s ability to
maintain its brand and reputation and retain or replace its
significant customers, challenges associated with the Company’s
long sales cycles, the impact of a challenging global economic
environment or a downturn in the markets (such as the current
economic disruption and recession and market volatility generated
by the ongoing COVID-19 pandemic), economic and political risks of
selling products in foreign countries (including tariffs), risks of
non-compliance with U.S. and foreign laws and regulations,
potential sales tax collections and claims for uncollected amounts,
cybersecurity risks and risks of damage and interruptions of
information technology systems, the Company’s ability to retain key
members of management and successfully integrate new executives,
the Company’s ability to complete acquisitions, strategic
investments, entry into new lines of business, divestitures,
mergers or other transactions on acceptable terms or at all, the
impact of the COVID-19 pandemic on the companies in which the
Company holds investments, the Company’s ability to utilize or
assert its intellectual property rights, the impact of natural
disasters and other catastrophic events (such as the ongoing
COVID-19 pandemic), the adequacy of insurance, the impact of having
a controlling stockholder and vulnerability to fluctuation in the
Company’s stock price. Given the risks and uncertainties, readers
should not place undue reliance on any forward-looking statement
and should recognize that the statements are predictions of future
results which may not occur as anticipated. Many of the risks
listed above have been, and may further be, exacerbated by the
COVID-19 pandemic, its impact on the cinema and entertainment
industry, and the worsening economic environment. Actual results
could differ materially from those anticipated in the
forward-looking statements and from historical results, due to the
risks and uncertainties described herein, as well as others not now
anticipated. New risk factors emerge from time to time and it is
not possible for management to predict all such risk factors, nor
can it assess the impact of all such factors on the Company’s
business or the extent to which any factor, or combination of
factors, may cause actual results to differ materially from those
contained in any forward-looking statements. Except where required
by law, the Company assumes no obligation to update, withdraw or
revise any forward-looking statements to reflect actual results or
changes in factors or assumptions affecting such forward-looking
statements.
Investor Relations Contacts
Mark Roberson |
John Nesbett / Jennifer Belodeau |
Ballantyne Strong, Inc. - Chief Executive Officer |
IMS Investor Relations |
(704) 994-8279 |
(203) 972-9200 |
IR@btn-inc.com |
jnesbett@institutionalms.com |
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