Hong Kong (June 25, 2015) - GDC Technology Limited ("GDC Technology"), a world leading digital cinema solutions provider, is pleased to announce that it has entered into Virtual Print Fee (VPF) agreements with six exhibitors in Argentina - Village Cines, CCA CinemaCenter, Cines Multiplex, Atlas Cines, CPM and Cinema la Plata Cinemas - to manage a financial subsidy that assists with costs involved in the chains' conversion to digital cinema. Collectively, the six converted a total of 241 screens, at 41 locations, to digital last year, reaching 100% digitization. Under the VPF program, these exhibitors will recoup a portion of their investment via their VPF agreements with GDC Technology.
Manuel Arana, General Manager of GDC Latin America said: "We are very happy that these six prominent exhibitors have trusted us for this important move. This agreement demonstrates once again the flexibility of our VPF program, which allows both big chains and independent exhibitors to benefit from our digital cinema financial subsidies."
With GDC Technology's reputable VPF services, it has managed to assist top exhibitors in Asia Pacific, North America and South America in converting from analog to digital in a professional and cost effective manner. GDC Technology has eight years of VPF experience and manages over 6,000 screens under more than 800 VPF agreements with worldwide content distributors and exhibitors. Founded in Singapore in 1999 and headquartered in Hong Kong, GDC Technology has established a global market presence and strong brand recognition with 13 offices and 29 local service centers around the world.