Ballantyne Strong Expands Asia Footprint with Orders for 250 NEC Digital Cinema Projection Systems from New Customers - Beiji...
January 13 2011 - 8:37AM
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 that it has been selected to
provide 150 NEC digital cinema projection systems to Beijing Yida
Jiuzhou Film, a newly launched exhibition company, and 100
projection systems to The Jinyi Group. Both are first-time
Ballantyne customers. Approximately 50 of the systems were shipped
in Q4 2010, and the balance is expected to ship principally in Q1
2011.
Gary L. Cavey, President and CEO of Ballantyne, commented, “Our
Asian digital cinema business continues to thrive as Chinese
theatre exhibitors move aggressively to both convert existing
theaters to digital as well as to expand cinema penetration across
the country. We are delighted to forge new relationships with both
Beijing Yida Jiuzhou Film and The Jinyi Group. Ballantyne remains
well positioned to participate in Asian growth opportunities in
coming years.”
With over 16 years of experience operating in Asia, Ballantyne
has significantly expanded its presence in region over the past two
years. The Company has full-service facilities in Beijing and Hong
Kong and a recently opened satellite sales office in Shanghai.
About Beijing Yida Jiuzhou Film & TV Culture Co
Ltd
Established in early 2010, Beijing Yida Jiuzhou is led by
experienced industry professionals focused on digital cinema
equipment and related marketing and promotion programs. The Company
also is involved in new theatre construction and digital cinema
equipment upgrades.
About The Jinyi Group
Since 2004, Jinyi Group has been one of the fastest growing and
most successful Chinese exhibition companies, with ownership of
approximately 30 modern cinema complexes located throughout the
country.
About Ballantyne Strong, Inc.
(www.ballantyne-strong.com)
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.
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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