ARHT Media Announces Second Quarter 2021 Results

ARHT Media Announces Second Quarter 2021 Results

Record revenue of $2.4M in first half of 2021, 393% increase year-over-year
Second quarter revenue growth up 2,798% year-over-year, exceeded Company expectations
Record number of repeat clients, representing 85% of Q2 revenue
World’s first global HoloPresence network begins rollout with WeWork

TORONTO, July 27, 2021 — 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 its financial results for the second quarter ended June 30, 2021.

Second Quarter 2021 Financial Update

  • Revenues for the second quarter of 2021 were $1.21 million, compared to $42 thousand in the second quarter of 2020;
  • Net loss for the second quarter of 2021 was $1.28 million (before loss on debenture repayment of $298k), compared to $560 thousand for the same period in 2020;
  • Cash and cash equivalents were $4.17 million as of June 30, 2021

Second Quarter 2021 Business Updates

  • The Company continued to build out its recurring revenue business with the permanent installation of three HoloPod™ solutions, the addition of four large new clients – representing potential for recurring business – and 85% of Q2 revenue derived from repeat clients
  • ARHT reached record demand in June, reigning in a total of 14 Virtual Global Stage™ presentations, 2 HoloPresence™ presentations, and 4 Hardware Sales Transactions in Q2
  • The Company progressed its previously announced strategic partnership with WeWork as the first installations are underway, and one more location was added in the initial phase of rollouts, totaling 17 expected office installations in 2021
  • ARHT leveraged its Dubai distributor, NMK Electronics, to introduce its innovative holographic technology in the Middle East, with its HoloPresence™ solution featured during the Arab Health 2021 Conference
  • The Company brought its HoloPresence™ Technology to the Jeju Peace Forum for the former President of France, Francois Hollande, adding to the growing list of heads and state government leaders that have taken advantage of ARHT’s holographic presentation technology

“We achieved record revenue growth of 393% in the first half of the year driven by our ability to generate repeat sales from existing clients and add new customers, positioning us ahead of our 2019 trajectory and back towards growth following the height of the COVID-19 pandemic in 2020. Especially encouraging was the fact that 85% of revenue came from repeat and recurring clients – which demonstrates the “stickiness’ of our offering,” commented Larry O’Reilly Chief Executive Officer of ARHT Media. “In addition, we have started installations with our WeWork partnership which will build the world’s first HoloPresence network. We are budgeting $2 million in revenue in 2022 from these first 17 locations plus this network will be of tremendous benefit to our other permanent installed locations and event activations. We expect the second half of 2021 to continue along our growth trend with increasingly more demand for recurring revenue products such as our HoloPod™, where we permanently install the technology which generate transmission and maintenance fees on an annual basis.”

About ARHT Media
ARHT 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 Media
Twitter: http://www.twitter.com/ARHTmedia
Facebook: http://www.facebook.com/ARHTmediainc
LinkedIn: 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 Contact
Salman Amin
ARHT Media
samin@arhtmedia.com

Investor Contact
Phil Carlson
KCSA Strategic Communications
212-896-1233
ARHT@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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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

ARHT Media and NMK Group Enter into an Exclusive Reseller Agreement in the GCC; ARHT Media Capture and Displays to be Installed in Dubai and Doha in May 2021

 

ARHT Media and NMK Group Enter into an Exclusive Reseller Agreement in the GCC; ARHT Media Capture and Displays to be Installed in Dubai and Doha in May 2021

 

TORONTO, April 12, 2021 — 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, and NMK Group, are pleased to announce that NMK will be the exclusive distributor of ARHT Media’s technology and services in the UAE and Qatar. As part of this agreement, NMK will install ARHT’s capture and display technology at both existing and planned customer experience centers in Dubai and Doha. NMK is a division of Midwich Group PLC, a specialist audio visual (“AV”) distributor to the commercial market with operations across the UK and Ireland, Continental Europe, North America and Asia-Pacific.

NMK is an audio and visual distributor with a strong heritage in the professional audio market where the business operates with high-end specialist brands, such as Shure and Bose. More recently, NMK has expanded its technology offering, including the addition of key video brand Epson to its portfolio.

In the past two years, ARHT Media has experienced increased interest in its technology in the region following successful activations at the World Government Summit in Dubai, as well as in the pharmaceutical and financial services sectors. With the upcoming World’s Fair in Dubai in Q4 2021 and the World Cup of Football in Qatar in 2022, ARHT Media and NMK expect the rapid adoption of ARHT’s proven, groundbreaking HoloPresenceTM technology in the region.

“Our current clients, as well as new prospects, have expressed great interest in exploring the implementation of ARHT’s tech stack for both permanent installations and events,” stated NMK Business Director, Constantinos Drimakis, “We are looking forward to getting the client demonstrations started in mid-May.”

“The Gulf Region is embracing technology to overcome time and geography possibly quicker than any other place on earth right now,” said ARHT CEO Larry O’Reilly, “and with NMK’s proven track record of working with government, enterprise and education in the region we couldn’t have found a better partner. We are exploring so many opportunities there that I will be spending some time personally in Dubai starting in May.”

About NMK
NMK Electronics Ent., a Midwich Group company, began operations in 1987 focusing on the audio, video and lighting industry. Today, the company has grown into a leading distributor of professional AV products in the Middle East, having offices in Dubai, Sharjah & Doha. Together with its portfolio of reputable brands, a dynamic team and strong financial foundation it is no surprise that the company has achieved a market leader position in its niche industry.

With a long history in the business spanning over 33+ years, NMK has prepared itself for new successful ventures that will propel the company to new heights in upcoming years. More information at www.nmkelectronics.com

About ARHT Media
ARHT 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 StageTM.

Connect with ARHT Media
Twitter: http://www.twitter.com/ARHTmedia
Facebook: http://www.facebook.com/ARHTmediainc
LinkedIn: 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 Contact
Salman Amin
ARHT Media
samin@arhtmedia.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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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

ARHT Media Announces New Strategic Partnership With Liaison Technology Group Including A Permanent Capture and Demo Studio In The Chicago Area

 

ARHT Media Announces New Strategic Partnership With Liaison Technology Group Including A Permanent Capture and Demo Studio In The Chicago Area

 

TORONTO, Feb. 08, 2021 — 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, is pleased to welcome Liaison Technology Group (“Liaison”) into our growing global Strategic Partner network. Liaison, a full-service commercial and residential custom electronics design and integration company, will establish a Capture and Demo studio in the Chicago area – offering ARHT’s HoloPresence™ and Virtual Global Stage™ solutions to their corporate client base.

“We’re incredibly pleased to partner with ARHT Media to be able to offer their hologram technology,” stated Steve Weber, CEO/President at Liaison Technology Group. “HoloPresence is helping change how meetings are conducted and helping executives free up a great deal of time and increase their productivity by having to travel less. We’re pleased to be able to be the first ones to establish a permanent presence in the Midwest for ARHT’s technology and will offer both their Capture and Display solutions.”

With the induction of Liaison into ARHT’s global HoloPresence™ network, we now have Capture and demo studios in LA, NYC and Chicago, the top three media markets in the United States, as well as a growing list of locations internationally.

With an established business that includes both sales and service capabilities for custom electronic integrations, Liaison has the right expertise to effectively integrate ARHT’s technology and leverage their corporate contacts to offer hologram technology to clients in the region.

“Liaison Technology Group is an award-winning audio-visual innovator that delivers incredible projects in the greater Chicago area, Denver, Aspen and elsewhere,” stated Larry O’Reilly, CEO of ARHT Media. “It is no surprise that they would be first to market with the future of high-end video conferencing – ARHT Media’s HoloPresence™. Chicago area businesses will be able to beam their executives around the world from Liaison’s offices.”

To learn more about Liaison Technology Group please visit: www.liaisonhomes.com

About ARHT Media
ARHT 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 Media
Twitter: http://www.twitter.com/ARHTmedia
Facebook: http://www.facebook.com/ARHTmediainc
LinkedIn: 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 Contact
Salman Amin
ARHT Media
samin@arhtmedia.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.

************************

Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.


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