ARHT Media Announces CEO, CFO and Chairman Purchase Over $375,000 in Company Shares by Exercise of Warrants
November 15 2021 - 8:00AM
ARHT Media Inc. (“ARHT” or “the Company”)
(TSXV:ART), the global leader in the development,
production and distribution of high-quality, low latency hologram
and digital content, today announced that CEO Larry O’Reilly, CFO
and COO Rick Blum, and Chairman William Connell Steers have
purchased Company shares in the amount of $375,050 by exercising a
total of 2,885,000 warrants. ARHT will receive $375,050 from these
warrants. In the past few days two other investors in ARHT
exercised 3,777,778 warrants for proceeds to ARHT of an additional
$491,111.14.
“The commitment of capital from our management team
and Board reflects our confidence in ARHT’s growth trajectory and
the view that ARHT’s current share price is undervalued compared to
our performance to-date, as well as the opportunities that lie
ahead,” stated Larry O'Reilly, CEO of ARHT Media. “The Company
received over $375,000 from these warrants, plus an additional
$491,111 from two other current shareholders, which will be used to
further expand our presence around the world.”
About ARHT MediaARHT Media’s
patented HoloPresence™ technology is a complete end-to-end
solution that creates a sense of presence for audiences – as though
the holographic presenter was actually live in the room. With no
noticeable latency, ARHT Media makes two-way live communication
with a 3D holographic presenter anywhere in the world possible. We
can also playback pre-recorded content and 3D animations on our
HoloPresence displays to deliver rich holographic experiences. Add
to this our capability to stream the same content online on our
premium Virtual Global Stage™.
Connect with ARHT
MediaTwitter: http://www.twitter.com/ARHTmediaFacebook: http://www.facebook.com/ARHTmediaincLinkedIn: http://www.linkedin.com/company/arht-media-inc-
For more information, please visit
www.arhtmedia.com or contact the investor relations group at
info@arhtmedia.com.
ARHT Media trades under the symbol “ART” on the
Toronto Venture Stock Exchange.
Press ContactSalman AminARHT
Mediasamin@arhtmedia.com
Investor ContactPhil CarlsonKCSA
Strategic Communications212-896-1233ARHT@kcsa.com
This press release contains “forward-looking
information” within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, but is not
limited to, disclosure related to the Company’s sales funnel; the
Company’s technology; the potential uses for the Company’s
technology; the future planned events using the Company’s
technology; the future success of the Company; the ability of the
Company to monetize the ARHT Media technology; the development of
the Company’s technology; and interest from parties in ARHT’s
products. Generally, forward-looking information can be identified
by the use of forward-looking terminology such as “plans”,
“expects” or “does not expect”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or
“does not anticipate”, or “believes”, or variations of such words
and phrases or state that certain actions, events or results “may”,
“could”, “would”, “might” or “will be taken”, “occur” or “be
achieved”. Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to: general business, economic and competitive
uncertainties; regulatory risks; risks inherent in technology
operations; and other risks of the technology industry. Although
the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION
SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
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