OMAHA, Neb. -- Ballantyne Strong, Inc. (NYSE Amex: BTN), a provider of digital cinema projection equipment and services, cinema screens and other cinema products, announced today that Samuel C. Freitag and Donde Plowman have been appointed as new members of the Company's Board of Directors, effective June 6th. With these additions, the Board consists of seven members, including six that are considered independent pursuant to NYSE Amex listing requirements.

Mr. Freitag brings extensive experience as a private equity fund manager and investment banker to Ballantyne, having served as a Senior Managing Director of GKB Merchant Banc and Vice Chairman at George K. Baum & Company as both a private equity fund manager and an investment banking and corporate finance professional, where he was employed between 1986 and 2002. He is presently an independent private investor and also serves on several other boards, including the Board of Directors at MarketSphere Consulting, LLC and at Lansing Trade Group, LLC. Mr. Freitag is on the Board of Managers of SYMMEDRx Health Care Solutions and is a member of the Board of Trustees at Coe College in Cedar Rapids, IA.

Ms. Plowman is currently the James Jr. and Susan Stuart Endowed Dean of the College of Business Administration at the University of Nebraska - Lincoln and is also a Professor of Management at the school. Prior to being named Dean she was the Ralph and Janet Heath Professor of Business and head of the Department of Management at the University of Tennessee (in Knoxville) from 2007 to 2010. Between 2000 and 2007, she was a Professor of Management at the University of Texas (in San Antonio), where she also served as Associate Dean of graduate programs and research, as well as Director of the Ph.D program at the College of Business, between 2000 and 2003. She began her tenure at UT-San Antonio in 1988. Ms. Plowman has published more than 40 articles and book chapters and has conducted numerous management training programs at corporations including IBM, Apple and Texas Instruments.

Commenting on its new board appointments, Ballantyne Strong President and CEO Gary L. Cavey stated, "We are truly fortunate to have two seasoned professionals of this caliber join our Board. The combination of Sam's Wall Street background and expertise in investment banking and corporate finance and Donde's extensive work in academia and management training nicely complement the varied experience of the Company's other board members. Our new directors also bring an extensive knowledge of international business and M&A, which we expect to play a key role in Ballantyne's future growth and success."

 

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Morristown, N.J. and Los Angeles, CA -- Cinedigm Digital Cinema Corp. (NASDAQ: CIDM), the global leader in the digital cinema industry, reported continued solid growth in its operational and financial performance in the fiscal fourth quarter and year ended March 31, 2011. Cinedigm also reported the first positive fiscal year Adjusted EBITDA[1](defined below) from its non-deployment businesses in its history, underscoring its leadership position in building complementary business, technology and content services that leverage the growing digital cinema platform.
Revenues for the fiscal year ended March 31, 2011 were $79.9 million, representing a 15.8% increase from prior year's revenues of $69.0 million. The Company achieved Adjusted EBITDA of $45.4 million, increasing 20.3% from $37.7 million in the prior fiscal year. The net loss in the year of $(29.2) million, or $(0.95) per share compared to the net loss of ($29.5) million, or $(1.03) per share, in the prior fiscal year. The net loss for the year ended March 31, 2011 included losses related to various non-cash items and discontinued operations of $48.2 million, as compared to $36.1 million in the prior year which included a non-recurring gain on the extinguishment of note payable.

Revenues for the fiscal fourth quarter were $20.6 million, representing a 31.8% increase from prior year fourth quarter revenues of $15.6 million. The Company posted Adjusted EBITDA of $11.6 million for the fourth quarter, increasing 36.6% from the $8.5 million reported for the fourth quarter of the prior year. The net loss in the fourth quarter of $(7.3) million, or $(0.23) per share, represents a 51.5% improvement compared to the net loss of $(15.0) million, or $(0.51) per share, in the fourth quarter one year ago.

Chris McGurk, Chairman and Chief Executive Officer of Cinedigm, commented, "From a strategic, operational and financial standpoint, fiscal 2011 was an outstanding year for Cinedigm. We have continued to streamline the company's focus, directing our resources and growth efforts toward those businesses where we are confident we can be a market leader and capitalize on the growth opportunities presented by the rapidly expanding digital cinema platform, particularly software and content distribution. First and foremost, we made great progress in our deployment business this quarter, signing over 1,400 screens - a multi-exhibitor record for the company. We now have 119 digital cinema exhibitor partners. Our software business also hit a significant milestone during the quarter with the signing of an overall services management agreement with AMC Theatres, the 2nd largest theatre chain in North America. Our content division continues to see increased activity, including the first ever wide-release 3D music performance with the Foo Fighters, the recently announced partnership with National Geographic Entertainment / YouTube for the documentary ‘Life In A Day,' and the ongoing progress of The Cinedigm Network."

Adam M. Mizel, CFO and Chief Strategy Officer, added, "Cinedigm had an excellent quarter and year. In 2011 we achieved positive Adjusted EBITDA from our non-deployment businesses in the third and fourth fiscal quarters of the year, and for the full fiscal year, a trend that we fully expect to continue and accelerate in the current fiscal year."

Mr. Mizel noted that Adjusted EBITDA, exclusive of Phase I and Phase II deployment, was a positive $0.8 million in the fourth quarter, and $0.5 million for the full fiscal year, which is a significant improvement over fiscal 2010 Adjusted EBITDA losses of $(0.6) million and $(4.9) million, respectively.

On the digital cinema services side, Phase II digital system signings during the quarter were a record 1,402, resulting in 2,750 systems signed for the full fiscal year with 1,859 installed during the fiscal year and 2,195 total Phase II digital systems deployed to date.

"As we have consistently noted, each one thousand screens we deploy will add $2.0-$2.5 million of non-deployment EBITDA in the first twelve months through service fees, software license and maintenance fees, and delivery fees," Mr. Mizel continued.

"This is a very exciting time for Cinedigm," Mr. McGurk concluded. "The expanding digital screen platform provides Cinedigm with the ability to generate significant revenues and profits from the variety of software and services we provide, as well as aggressively pursue the high potential alternative content business on the digital cinema backbone. As a management team we are all committed to exploiting the many opportunities in front of us, and we are confident that a disciplined and focused approach will yield continued strong results to our bottom line, and of course shareholder value."

 

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KNOXVILLE, Tenn. -- Regal Entertainment Group (NYSE: RGC), a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, today announced details of their participation in Paramount and Twitter's First-Ever 'Tweet Movie Sneak Preview ' of "Super 8" on June 9th.

Paramount Pictures and Twitter jointly announced sneak preview showings of the movie SUPER 8 for 1-day only on Thursday, June 9th, in advance of the film's scheduled nationwide release on Friday, June 10th. At select Regal Entertainment Group locations, moviegoers will be treated to a FREE SMALL POPCORN with a concession purchase at each sneak preview show. Additionally, Regal is proud to offer to the first 400 moviegoers at each participating location a SUPER 8 limited edition mini poster. To purchase tickets to the special engagement, visit www.REGmovies.com or www.Super8-Movie.com/Sneak.

"Regal is thrilled to participate in these exciting early screenings of SUPER 8. We have heard extremely positive feedback about this film and can't wait for our moviegoers to see it," said Greg Dunn, President and COO of Regal Entertainment Group. "We are delighted to offer the movie a day early at select locations with the added incentive of a free popcorn with concession purchase and the opportunity to receive a limited edition mini poster if you are one of the first 400 moviegoers at each location."

SUPER 8 is an Amblin Entertainment / Bad Robot production, directed by Abrams from his original script and produced by Steven Spielberg, Abrams and Bryan Burk. The film stars Kyle Chandler, Elle Fanning, Joel Courtney, Gabriel Basso, Noah Emmerich, Ron Eldard, Riley Griffiths, Ryan Lee and Zach Mills. The movie takes place in the summer of 1979, where a group of friends in a small Ohio town witness a catastrophic train crash while making a super 8 movie and soon suspect that it was not an accident. Shortly after, unusual disappearances and inexplicable events begin to take place in town, and the local Deputy tries to uncover the truth - something more terrifying than any of them could have imagined.

The following Regal Entertainment Group theatres will participate in the sneak preview of SUPER 8:

City Theatre
NORTH LAS VEGAS, NV ALIANTE STADIUM 16 & IMAX
ALISO VIEJO, CA ALISO VIEJO STADIUM 20 & IMAX
AMARILLO TX AMARILLO STAR STADIUM 14 & IMAX
ATLANTA, GA ATLANTIC STATION STADIUM 16 & IMAX
AUGUSTA, GA AUGUSTA EXCHANGE STADIUM 20 & IMAX
BOISE, ID BOISE STADIUM 22 & IMAX
TIGARD, OR BRIDGEPORT VILLAGE STADIUM 18 & IMAX
CAMARILLO, CA CAMARILLO STADIUM 12 & IMAX
SYRACUSE, NY CAROUSEL MALL STADIUM 17
SIMI VALLEY, CA CIVIC CENTER STADIUM 16 & IMAX
DENVER, CO COLORADO CENTER STADIUM 9 & IMAX
WESTLAKE, OH CROCKER PARK STADIUM 16 & IMAX
GUILDERLAND, NY CROSSGATES STADIUM 18 & IMAX
CARY, NC CROSSROADS STADIUM 20 & IMAX
DEER PARK, NY DEER PARK STADIUM 16 & IMAX
HONOLULU, HI DOLE CANNERY STADIUM 18 & IMAX
EL DORADO HILLS, CA EL DORADO HILLS STADIUM 14 & IMAX
ESCONDIDO, CA ESCONDIDO STADIUM 16 & IMAX
NEW YORK, NY E-WALK STADIUM 13 & RPX
FAIRFIELD, CA FAIRFIELD STADIUM 16 & IMAX
BOSTON, MA FENWAY STADIUM 13 & RPX
FRESNO, CA FRESNO STADIUM 22 & IMAX
WASHINGTON DC GALLERY PLACE STADIUM 14
FAIRBANKS, AK GOLDSTREAM STADIUM 16 & IMAX
ROANOKE, VA VALLEY VIEW GRANDE STADIUM 16
FT MYERS, FL GULF COAST STADIUM 16 & IMAX
DUBLIN, CA HACIENDA STADIUM 21 & IMAX
HARRISBURG, PA HARRISBURG STADIUM 14
NAPLES, FL HOLLYWOOD STADIUM 20 - NAPLES
MIAMI, FL KENDALL VILLAGE STADIUM 16 & RPX
KING OF PRUSSIA, PA KING OF PRUSSIA STADIUM 16 & IMAX
LINCOLNSHIRE, IL LINCOLNSHIRE STADIUM 21 & IMAX
LONG BEACH, CA LONG BEACH STADIUM 26 & IMAX
BOSSIER CITY, LA LOUISIANA BOARDWALK STADIUM 14 & IMAX
NORFOLK, VA MACARTHUR CENTER STADIUM 18
SILVER SPRINGS, MD MAJESTIC STADIUM 20 & IMAX
BUFORD, GA MALL OF GEORGIA STADIUM 20 & IMAX
MANASSAS, VA MANASSAS STADIUM 14 & IMAX
HOUSTON, TX MARQ*E STADIUM 23 & IMAX
LACEY, WA MARTIN VILLAGE STADIUM 16 & IMAX
SEATTLE, WA MERIDIAN 16
SAN DIEGO, CA MIRA MESA STADIUM 18 & IMAX
NEW ROCHELLE, NY NEW ROC CITY STADIUM 18 & IMAX
ONTARIO, CA ONTARIO PALACE STADIUM 22 & IMAX
HIGH POINT, NC PALLADIUM STADIUM 14
EL CAJON, CA PARKWAY PLAZA STADIUM 18 & IMAX
KNOXVILLE, TN PINNACLE STADIUM 18 & IMAX
ORLANDO, FL POINTE ORLANDO STADIUM 20 & IMAX
ORCHARD PARK, NY QUAKER CROSSING STADIUM 18
LAS VEGAS, NV RED ROCK STADIUM 16 & IMAX
ALHAMBRA, CA ALHAMBRA RENAISSANCE STADIUM 14 & IMAX
RICHMOND, VA COMMONWEALTH CENTER 20 & IMAX
PHILADELPHIA, PA RIVERVIEW PLAZA STADIUM 17
SANTA CRUZ, CA SANTA CRUZ CINEMA 9
SUNRISE, FL SAWGRASS STADIUM 23 & IMAX
BROOKLYN, NY SHEEPSHEAD BAY STADIUM 14 & IMAX
SOUTH GATE, CA SOUTH GATE STADIUM 20 & IMAX
IRVINE, CA IRVINE SPECTRUM 21 & IMAX
HAZELWOOD, MO ST. LOUIS MILLS STADIUM 18 & IMAX
STOCKTON, CA STOCKTON CITY CENTER STADIUM 16 & IMAX
CHARLOTTE, NC STONECREST STADIUM 22 & IMAX
HENDERSON, NV SUNSET STATION STADIUM 13 & IMAX
TEMECULA, CA TEMECULA STADIUM 15 & IMAX
SEATTLE, WA THORTON PLACE STADIUM 14 & IMAX
ANCHORAGE, AK TIKAHTNU STADIUM 16 IMAX & RPX
WILLIAMSVILLE, NY TRANSIT CENTER ISTADIUM STADIUM 18 & IMAX
NEW YORK, NY UNION SQUARE STADIUM 14
SANTA CLARITA, CA VALENCIA STADIUM 12 & IMAX
EUGENE, OR VALLEY RIVER CENTER STADIUM 15 & IMAX
ORLANDO, FL WATERFORD LAKES STADIUM 20 & IMAX
WESTBURY, NY WESTBURY STADIUM 12 & IMAX

 

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HOLLYWOOD, Calif. -- Paramount Pictures and Twitter jointly announced today sneak preview showings of the movie SUPER 8 for 1-day only on Thursday, June 9th, in advance of the film's scheduled nationwide release on Friday, June 10th. To promote the sneak previews, the companies have designated the hashtag #Super8Secret, which Paramount has also sponsored as a Promoted Trend, allowing Twitter's global user base a direct link to buy tickets to the advanced previews. At select, participating theatres in the United States, SUPER 8 Sneak Preview moviegoers will be treated to a free popcorn (with a concession purchase) at each sneak preview show. Hosting movie sneak previews marks a first for Twitter. This promotion continues a key partnership between Paramount and Twitter on SUPER 8. The duo joined forces in March for the movie's exclusive trailer premiere via Twitter, another exciting first for the site.

SUPER 8, from writer/director J.J. Abrams and producer Steven Spielberg, will open exclusively tomorrow, June 9th, on over 300 screens nationwide, featuring all 239 IMAX playdates in the U.S. and Canada. Fans can go to www.Twitter.com/Super8Movie and use #Super8Secret to share information about the movie with friends. To be among the first to see SUPER 8, visit www.Super8-Movie.com/Sneak for tickets and show times.

"With SUPER 8, J.J. and Steven have created a really fun and engaging movie for all ages," said Rob Moore, Vice Chairman of Paramount Pictures. "We are excited to finally get it out into the marketplace and using this sneak preview promotion with Twitter to kick start the film's release, is an unprecedented way to get people into theaters and talking about the movie."

"Twitter is how we hear about new movies and share our tiny reviews before the credits finish rolling," said Biz Stone, Twitter cofounder. "There are already millions of people talking about SUPER 8 on Twitter and Paramount gets that. Creating more excitement about the film with sneak previews and free popcorn is a smart way to make this film a global conversation even before it's released."

"Twitter has the incredible capability of spreading buzz in real-time, as well as fostering communal conversations that encapsulate large audiences in a matter of seconds. We believe these elements are key in promoting a movie like SUPER 8 that has such incredible playability and the potential for unlimited positive word of mouth," said Amy Powell, Paramount's Executive Vice President, Interactive Marketing Strategies & Film Production.

SUPER 8 is an Amblin Entertainment / Bad Robot production, directed by Abrams from his original script and produced by Steven Spielberg, Abrams and Bryan Burk. The film stars Kyle Chandler, Elle Fanning, Joel Courtney, Gabriel Basso, Noah Emmerich, Ron Eldard, Riley Griffiths, Ryan Lee and Zach Mills. The movie takes place in the summer of 1979, where a group of friends in a small Ohio town witness a catastrophic train crash while making a super 8 movie and soon suspect that it was not an accident. Shortly after, unusual disappearances and inexplicable events begin to take place in town, and the local Deputy tries to uncover the truth - something more terrifying than any of them could have imagined.

For more information, go to www.Super8-Movie.com.

Follow Super 8 on Twitter at www.Twitter.com/Super8Movie.

#Super8Secret

Like us on Facebook at www.Facebook.com/Super8Movie.

 

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KITCHENER, Ont. -- Christie®, a world leader in visual technology displays, today announced that Paul Salvini has joined the company in the role of Chief Technology Officer (CTO), reporting to Gerry Remers, President & COO, Christie Digital Systems Canada Inc., effective immediately.

Based in the company's Kitchener office, Dr. Salvini will guide the systems and software direction of Christie, both for current offerings and for new growth platforms, including exploration of new concepts and technologies designed to benefit Christie's extensive, global customer base.

"Paul's industry-focused, 20-year career experience to date, combined with his impressive academic credentials and extensive community involvement, have uniquely prepared him to contribute to the next phase of Christie's growth," said Remers. "In particular, his experience with bringing to market total solutions comprised of application software, systems and services will serve us in good stead as we expand our business."

Formerly CTO at Side Effects Software, Dr. Salvini has led award-winning teams of engineers and software developers in bringing to market advanced visualization, simulation and display technologies. His work with 3D animation for major Hollywood film studios and his expertise in turning complex data sets into visualization solutions for defense and academic entities plays well to major Christie customer sets.

No stranger to the academic world, Dr. Salvini is President of the University of Waterloo Alumni Council and holds appointments as Adjunct Professor of Engineering and KMDI Senior Research Fellow at the University of Toronto. He serves on a number of boards relating to digital media research in the areas of graphics, information visualization, and 3D film innovation.

Dr. Salvini moves into the position previously held by Bob Rushby, Christie's long-time CTO and VP of research and development and co-inventor of Christie® MicroTilesTM , who retired in February 2011.

 

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