China Film Group Selects Ballantyne/Strong to Provide and Install 100 Digital Cinema Projectors in Mainland China
January 12 2009 - 7:35AM
Business Wire
Ballantyne of Omaha, Inc. (NYSE Alternext US: BTN), a provider of
cinema equipment and services, announced today that its Strong
Westrex Company, Asia subsidiary has been selected to provide and
install 100 NEC STARUS� NC1600 Digital Cinema projectors for China
Film Group Corp. Initial shipments are slated for Q1 2009, with the
bulk of the order targeted for Q2 2009. Strong Westrex will install
the projectors for China Film Group in locations across China. John
P. Wilmers, President and Chief Executive Officer of Ballantyne,
commented, �We are pleased to extend our longstanding relationship
with China Film Group into the digital realm with this initial
digital projection equipment and installation contract. We are also
excited that China Film Group recognizes the high quality and
performance of the NEC Starus digital projector systems, as well as
the value Strong Westrex brings in managing the sales, installation
and logistics processes. We look forward to working closely with
China Film Group and their partners in the coming years to support
them in the adoption of digital cinema as well as 3-D cinema
projection technology.� Ballantyne executed an agreement with NEC
Display Solutions Japan in Q3 2008, granting Strong Westrex
distribution rights to NEC�s Starus line of digital cinema
projectors for the Peoples Republic of China (PRC). In conjunction
with the PRC distribution agreement, Strong Westrex opened a sales
and service office in Beijing. The PRC represents a very
attractive, rapidly growing cinema market both in terms of screens
and ticket sales. The country currently has approximately 6,000
cinema screens and that base is anticipated to grow in the coming
years. About China Film Group China Film Group Corporation (�CFG�)
is China�s largest and most influential state-run film enterprise
and the sole importer of foreign films in China. CFG's scope of
business spans film and television production, film distribution
and exhibition, film importation and exportation, cinema circuit
management, digital cinema construction, movie channel, print
developing and processing, film equipment management, digital film
production, film and TV compact disc production, ancillary
products, advertising, property management as well as real estate.
About Ballantyne of Omaha Ballantyne is a provider of motion
picture projection, digital cinema projection, cinema screen
technology and specialty lighting equipment and services. The
Company supplies major theater chains, top arenas, television and
motion picture production studios, theme parks and architectural
sites around the world. For more information visit
www.ballantyne-omaha.com. Except for the historical information in
this press release, it includes forward-looking statements that
involve risks and uncertainties, including but not limited to,
quarterly fluctuations in results; customer demand for the
Company�s products; the development of new technology for alternate
means of motion picture presentation; domestic and international
economic conditions; the management of growth; and other risks
detailed from time to time in the Company�s Securities and Exchange
Commission filings. Actual results may differ materially from
management�s expectations. Ballantyne assumes no obligation to
publicly update or revise any forward-looking statements.
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