STRONG Technical Services, Inc., a wholly-owned subsidiary of
Ballantyne Strong, Inc. (NYSE American: BTN) and a leader in
projection equipment sales, engineering, and services announces a
partnership with INDY Cinema Group (“INDY”) to provide managed
services in Europe. STRONG Technical Services (“STS”) will offer
INDY customers a complete managed service offering including
24x7x365 support, STRONG Management System access, field service
dispatch, equipment discounts, and STRONG MDI screens. The STRONG
Management System includes equipment monitoring, digital signage,
remote access, and reporting.
“Over the past few years STS and INDY have
partnered to provide managed services to independent cinemas in the
United States,” said Blake Titman, Vice President and General
Manager at STS. “It is a natural fit to offer our managed services
in Europe where INDY is headquartered. Our engineering and support
team has many of years of experience in the cinema industry and are
unmatched when combined with our integrated technology and product
solutions.”
Ian Brown, CEO and Founder of INDY, stated,
“INDY has been offering services to the independent cinema market
for over ten years now. Offering STS’s services was an obvious
addition to the range of service we offer. Not only does STS meet
our service delivery expectations but, just as importantly, their
team shares a client-focused philosophy that aligns with ours. We
are both committed to the independent cinema market and understand
the unique challenges in our industry.”
Those wishing to obtain more information
regarding the full range of products and services offered by STS
are invited to contact management directly, either by phone at
(800) 722-4445 or by email at sales@strong-tech.com.About
STRONG Technical Services
STRONG Technical Services, Inc.
(www.strong-tech.com), a Ballantyne Strong, Inc. company, is an
equipment sales, engineering, and service provider located in
Omaha, NE. The company, with its nationwide service and engineering
team, designs, integrates, and installs technology solutions for a
broad range of applications including audio, projection, and
signage applications with comprehensive managed service offerings
to ensure solution uptime and availability.
About Ballantyne Strong, Inc.
Ballantyne Strong, Inc.
(www.ballantynestrong.com) and its subsidiaries engage in diverse
business activities including the design, integration and
installation of technology solutions for a broad range of
applications; development and delivery of out-of-home messaging,
advertising and communications; manufacturing of projection
screens; and providing managed services including monitoring of
networked equipment. The Company focuses on serving the
entertainment and retail markets.
About INDY
INDY Cinema Group offers a range of services
tailor made for independent cinemas. INDY brings all the resources
of the big chains to locally owned cinemas. INDY helps support
independent cinemas in the United States, United Kingdom,
Australia, and New Zealand by reducing cost and increase ticket
sales – all while preserving each cinema’s unique character and
individuality.
Forward-Looking Statements
This press release may include forward-looking
statements, such as our expectations regarding future sales, the
impact, length and severity of the COVID-19 pandemic, and the
adequacy of the actions taken in response to the pandemic, which
involve a number of risks and uncertainties, including but not
limited to those discussed in the “Risk Factors” section contained
in Item 1A in Ballantyne Strong, Inc.’s 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 September 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 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 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 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.
STRONG Technical Services
ContactBlake TitmanStrong Technical Services,
Inc.Vice President - General Manager(800)
722-4445blake.titman@strong-tech.com
Ballantyne Strong ContactMark
RobersonBallantyne Strong, Inc.Chief Executive Officer(704)
994-8279IR@btn-inc.com
Investor Relations ContactJohn Nesbett/Jennifer
BelodeauIMS Investor Relations(203)
972-9200jnesbett@institutionalms.com
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