ARHT Media Announces Strategic Review Process
August 28 2024 - 5:05PM
ARHT Media Inc. ("ARHT" or "the Company") (TSXV: ART), (OTCQB:
ARHTF), the global leader in development, production and
distribution of high quality, low latency hologram and digital
content announces that it has undertaken a strategic review of the
Company’s operations, assets and financial structure.
ARHT Media has become a supplier of leading-edge
holographic products designed to scale with large enterprise
organizations. Much of the Company’s recent sales efforts have been
focused on proof-of-concept installations with global brands and
educational institutions and large scale roll outs have yet to
materialize. This in turn has held back revenues over the past
several quarters. While the Company has every reason to believe
that broader scale adoption will occur, the timing of this adoption
is unclear. It is for these reasons that the Board has undertaken a
strategic review. The Company does not plan to provide updates on
the status of the review until such time as material developments
emerge.
About ARHT
ARHT is a pioneer and the global leader in live
hologram technology. Thanks to its patented end-to-end technology,
executives, medical experts, educators, entertainers, and thought
leaders can travel at the speed of light to any destination.
ARHT was founded in 2014 and is publicly traded on
the TSX Venture Exchange. ARHT has offices in North America, Europe
and Asia and operates from its own studios in locations from
Toronto to Singapore, as well as a large network of partner studios
in every region.
Connect with
ARHT:LinkedIn: https://www.linkedin.com/company/arht-techInstagram: https://www.instagram.com/arht.techFacebook: https://www.facebook.com/arht.techX: https://twitter.com/arht_techYoutube: https://www.youtube.com/@arht-tech
For more information, please
visit www.arht.tech/about/investors or www.arht.tech.
Alternatively, email us directly
at info@arht.tech.
ARHT trades under the symbol “ART”
on the TSX Venture Exchange.
Press Inquiries:Kristen
Spencekspence@arht.tech
This press release may contain “forward-looking
information” within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, but is not
limited to, the intention to exercise convertible securities of the
Company; 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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