Galaxy Theatres Latest Chain to Contract With Christie/AIX for Installation of Digital Cinema Systems
16 März 2006 - 2:00PM
PR Newswire (US)
MORRISTOWN, N.J., March 16 /PRNewswire-FirstCall/ -- Access
Integrated Technologies, Inc. ("AccessIT") (AMEX:AIX) today
announced that Galaxy Theatres (http://www.galaxytheaters.com/), a
rapidly-expanding independent exhibitor, has signed a contract with
Christie/AIX, a wholly owned subsidiary of AccessIT, for the
installation of state-of-the-art digital cinema systems on 67 of
their screens. Galaxy's theatres operations are located in 4
states, including California, Washington, Texas and Nevada. Galaxy
is the fourth chain, including the 2,300-screen Carmike national
circuit, to contract with AccessIT for its conversion to digital
cinema. Chuck Goldwater, President and COO of Christie/AIX,
commented: "Signing Galaxy, a fast-growing and innovative West
Coast exhibitor, underscores our strategy of serving both large
national and independent regional chains in the conversion to
digital technology. As Galaxy continues to expand, digital cinema,
with its superior image quality and ability to provide important
revenue-generating alternative content, including 3-D, will give
exhibitors new opportunities to create a competitive edge." "Galaxy
was quick to realize the tremendous benefit digital cinema could
offer our customers in terms of visual excitement and programming
flexibility and, as such, has been a long-time digital advocate,"
said Rafe Cohen, President of Galaxy Theatres, Inc. "After
carefully evaluating various options, it was clear that
Christie/AIX's plan offered us the most commercially-proven and
fully integrated solution -- from projectors and media players to
content distribution and management technologies. Importantly, all
of this impressive technology is supported by years of real-world
experience operating 2K digital systems deployed at theatres across
the country." "The value of digital cinema goes well beyond its
breath-taking visuals, playing an important role in enhancing an
exhibitor's brand and business model, something clearly recognized
by Galaxy. We look forward to working with Galaxy as they expand
their business with market-proven DLP Cinema(R) technology from
Christie," stated Craig Sholder, Vice President, Entertainment
Solutions, Christie USA. The first systems are expected to be
deployed at Galaxy's California and Nevada locations and are
expected to be fully operational for feature movie presentations by
May 2006. The deployment in Nevada locations will represent the
first in the state. Total digital conversion of existing Galaxy
multiplexes is scheduled for completion by mid-2007. AccessIT's
Christie/AIX unit serves as the funding vehicle and administrator
for the company's 4,000-screen digital cinema rollout plan, which
has expanded significantly from the number of screens originally
announced in June 2005. Christie/AIX will act as the financing
intermediary between content-owners -- major studios and
independent distributors, among others -- and exhibitors who will
receive turnkey, Digital Cinema systems in conformance with DCI
specifications, including 2K DLP Cinema(R) projectors and related
hardware and software. To date, Christie/AIX has been contracted to
install more than 2,400 systems in thirty-nine states and has
completed the rollout of close to 180 screens for exhibitors
including Emagine and UltraStar and Carmike Cinemas. Access
Integrated Technologies, Inc. (AccessIT) is the industry leader in
offering a fully managed storage and electronic delivery service
for owners and distributors of digital content to movie theaters
and other venues. Its studio-backed 4,000 screen ongoing deployment
of digital systems is the first and the largest of its kind in the
world. Supported by a robust platform of fail-safe Internet data
centers, AccessIT is able to leverage the market- leading role of
its Theatrical Distribution System (TDS) with its innovative
digital delivery capabilities and in-theatre software systems to
provide the highest level of technology available to enable the
emerging Digital Cinema industry to transition from film without
changing workflows. For more information on AccessIT, visit
http://www.accessitx.com/. Christie is a leader in visual solutions
for world-class organizations, offering diverse applications for
business, entertainment, and industry. A leading innovator in film
projection since 1929 and a pioneer in projection systems since
1979, Christie has established a global reputation as a total
service provider and the world's single source manufacturer of a
variety of display technologies and solutions. Christie offers
comprehensive solutions for cinema, large audience venues, control
rooms, business presentations, training facilities, 3D and Virtual
Reality, simulation and education as well as industrial and
government environments. For more information on Christie's cinema
solutions and to find a theatre with Christie DLP Cinema(R)
projectors, visit http://www.christiedigital.com/. About Galaxy
Theatres, LLC: Galaxy Theatres, LLC is a fully integrated movie
theatre company. Privately owned, it is ranked, by size, in the top
10% of its industry, according to the National Theatre Association.
Formed in 1998, its focus is to capitalize on emerging growth
opportunities in selected markets of the western United States. As
of the end of 2005, Galaxy Theatres LLC Principals will have been
involved in developing and/or operating theatres totaling more than
146 screens. Galaxy Theatres' Film Studio Relationships include
Buena Vista Pictures, Castle Hill Productions, Columbia Pictures,
Disney Studios, DreamWorks Pictures, Fox Searchlight Pictures,
Lions Gate Films, MGM Studios, Miramax Films, New Line Pictures,
Paramount Pictures, Trimark Pictures, Twentieth Century Fox,
Universal Pictures, and Warner Bros. Films. Galaxy Theatres
Cannery, located at 2121 East Craig Road, North Las Vegas inside
the Cannery Casino & Hotel, features a 14-screens multiplex,
with seven high-end projector systems with DLP Cinema(R)
technology. For more information, visit galaxytheatres.com. To
advertise on Galaxy movie screens, visit
http://www.adsonthewall.com/. Safe Harbor Statement Investors and
readers are cautioned that certain statements contained in this
document, as well as some statements in periodic press releases and
some oral statements of AccessIT officials during presentations
about AccessIT, along with AccessIT's filings with the Securities
and Exchange Commission, including AccessIT 's registration
statements, quarterly reports on Form 10- QSB and annual report on
Form 10-KSB, are "forward-looking" statements within the meaning of
the Private Securities Litigation Reform Act of 1995 (the "Act").
Forward-looking statements include statements that are predictive
in nature, which depend upon or refer to future events or
conditions, which include words such as "expects," "anticipates,"
"intends," "plans," "could," "might," "believes," "seeks,"
"estimates" or similar expressions. In addition, any statements
concerning future financial performance (including future revenues,
earnings or growth rates), ongoing business strategies or
prospects, and possible future actions, which may be provided by
AccessIT's management, are also forward-looking statements as
defined by the Act. Forward-looking statements are based on current
expectations and projections about future events and are subject to
various risks, uncertainties and assumptions about AccessIT, its
technology, economic and market factors and the industries in which
AccessIT does business, among other things. These statements are
not guarantees of future performance and AccessIT undertakes no
specific obligation or intention to update these statements after
the date of this release. DLP Cinema(R) is a registered trademark
of Texas Instruments Inc. Contact: Suzanne Tregenza Moore Michael
Glickman AccessIT The Dilenschneider Group 55 Madison Avenue
212.922.0900 Suite 300 Morristown, NJ 07960
http://www.accessitx.com/ Dorina Belu Renee Rietgraf Christie
Preferred Public Relations & Marketing 519.749.3323
702-254-5704 http://www.christiedigital.com/ DATASOURCE: Access
Integrated Technologies, Inc. CONTACT: Suzanne Tregenza Moore,
AccessIT, 55 Madison Avenue, Suite 300, Morristown, NJ 07960,
http://www.accessitx.com/; Michael Glickman, The Dilenschneider
Group, +1-212-922-0900; Dorina Belu, Christie, +1-519-749-3323, ;
Renee Rietgraf, Preferred Public Relations & Marketing,
+1-702-254-5704, Web site: http://www.accessitx.com/
http://www.christiedigital.com/ http://www.galaxytheatres.com/
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