Ballantyne Strong Named “Company of the Month” by The Bowser Report Investment Newsletter
September 22 2009 - 9:46AM
Business Wire
Ballantyne Strong, Inc. (NYSE Amex: BTN), a provider of digital
cinema projection equipment and services, cinema screens and other
cinema products announced today it has been named “Company of the
Month” in the September 2009 issue of the investment newsletter,
The Bowser Report.
Founded 33 years ago by its current editor and publisher, R. Max
Bowser, The Bowser Report investment newsletter uses fundamental
analysis to rate, select and recommend stocks that trade at or
below $3.00 per share at the time of their recommendation. Each
month The Bowser Report highlights one investment idea as its
“COMPANY OF THE MONTH” and provides updates on past
recommendations. For more information or a sample copy please visit
http://thebowserreport.com.
John P. Wilmers, President and CEO of Ballantyne, commented, “We
are grateful to Max Bowser for bringing the Ballantyne investment
story to the attention of his subscribers. With industry leading
digital cinema projection products and services and approximately
$20 million in cash and no long-term debt, Ballantyne is ideally
positioned for the global conversion from film-based projection to
digital projection, a process we believe will continue to gain
momentum in the coming months and quarters.”
About Ballantyne Strong, Inc.
Ballantyne Strong is a provider of digital cinema projection
equipment and services as well as cinema screens, motion picture
projectors and specialty lighting equipment and services. The
Company supplies major and independent theater chains, top arenas,
theme parks and architectural sites around the world. For more
information visit www.ballantyne-strong.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.
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