Tag: ARHT media

ARHT Media Demonstrates Live Hologram Technology To NATO Leaders In Brussels

ARHT Media Demonstrates Live Hologram Technology To NATO Leaders In Brussels

TORONTO, May 16, 2022 — ARHT Media Inc. (“ARHT Media” or “ARHT” or the “Company“) [TSXV:ART], the global leader in the development, production and distribution of high-quality and low-latency hologram and digital content, recently presented Latvian Brigadier General Ilmars A. Lejins from Allied Command Transformation (ACT) in Norfolk Virginia, USA and Mr. Paul Thurkettle, ACT’s Associate Director of Learning from London, England to a distinguished group of NATO Ambassadors and Military Representatives participating in a Dr Manfred Wörner Circle at NATO luncheon. During the presentation and after the luncheon, Circle participants had the opportunity to engage in one-on-one conversations with Mr. Thurkettle, who appeared live, as a full-sized hologram, from London.

The Dr. Manfred Wörner Circle at NATO is a Brussels-based organization that recognizes and honours the achievements of former NATO Secretary General Dr. Manfred Wörner. During his time as NATO Secretary General, 1988-1994, Dr Wörner played an important role in the reunification of Germany, maintaining stability at the end of the Cold War, and he was instrumental in redefining the purpose of NATO in the post-Cold War era.

“Showing our Dr Manfred Wörner Circle participants ARHT’s highly engaging live hologram technology enhanced our program for this first luncheon in two years and provided the perfect lead-in to the thought provoking speech by Dr Julian Lindley-French on Future War and the impact of the current war in Ukraine on NATO,” stated Mr Rick Froh, the Circle’s Executive Director. “During the ARHT demonstration, we all felt like General Lejins and Mr. Thurkettle were with us in the room, despite being hundreds and thousands of kilometers away.”

“It was gratifying to hear Brigadier General Lejins state that the early indications of the NATO trial of ARHT’s technology were very encouraging and we look forward to expanding our relationship with NATO and its allies in the months ahead,” said ARHT CEO Larry O’Reilly.

About ARHT Media
ARHT is a pioneer in the live hologram industry and their HoloPresenceTM technology offers a complete end-to-end solution for the Capture, Transmission and Display of live holograms for in-person, hybrid and online events. They have a range of hologram display solutions to suit multiple use cases, including a premium online presentation solution the Virtual Global StageTM, and the largest global Holographic Telepresence network of hologram Capture and Display locations, ensuring a presenter can beam into a meeting or event as a live hologram from virtually anywhere in the world.

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 TSX Venture Exchange.

ARHT
Salman Amin
ARHT Media
samin@arhtmedia.com

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.

Disclaimer
This document contains forward-looking statements which are based on the current estimates and assumptions made by the assembly team of SiLLC. Forward-looking statements are characterized by the use of words such as expect, intend, plan, predict, assume, believe, estimate, anticipate, forecast and similar formulations. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results actually achieved by SiLLC and its affiliated groups depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements. Many of these factors are outside SiLLC‘s control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. SiLLC neither plans nor undertakes to update forward-looking statements.

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 International.

ARHT Media Announces Fiscal 2021 Results

ARHT Media Announces Fiscal 2021 Results

Revenue more than doubles, debt eliminated, WeWork network rolling out, growth capital secured, investing for significant growth

TORONTO, March 31, 2022 — ARHT Media Inc. (“ARHT” or “the Company”) (TSXV:ART), (OTCQB:ARHTF) 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 fourth quarter and fiscal year ended December 31, 2021.

2021 Financial Update

  • Revenues for Fiscal Year 2021 were $4.8M as compared to $2.2M for Fiscal Year 2020, an increase of 118%
  • Q4 2021 revenues were $1.3M as compared to $0.6M for Q4 2020, an increase of 117%
  • Cash as of Dec 31,2021 was $3.1M as compared to $0.5M as of Dec 31, 2020

2021 Business Updates

  • The Company’s new online presentation technology, VGS (“Virtual Global Stage”), accounted for 65% of event revenue and 42% of overall revenue, with a very high level of recurring business
  • Revenue from repeat clients was approximately 70% of total revenue
  • The Company partnered with WeWork to create the world’s first global holographic network in up to 100 locations. Initial rollout of 16 locations was increased to 30 locations in February 2022
  • Permanent installations with NATO in Germany and USA, plus other defense installations and activations, show great promise in the defense sector

2022 Subsequent Events

  • The Company completed a $10M growth equity financing in February 2022 to enable significant investment in sales, marketing and new product technology
  • The Company plans to launch a new display product in Q2 2022 for the retail & trade show vertical
  • The Company welcomes two experienced technology company executives to the Board of Directors: Jonathan Pollack (AcuityAds, Kaboose) and Deborah Beatty (PointClick Care, Apple)

“There has never been a more exciting time at ARHT Media as we plan for significant growth in 2022 and beyond,” said ARHT CEO Larry O’Reilly. “We currently have a major backlog of orders from both existing and new clients as well as an expanding product range and a significant increase in sales and marketing spend that should make for a break out year in 2022. The entire ARHT Media team is excited for what lies ahead for our Company.”

Termination of Agreement with Hybrid Financial Ltd.

The Company also announces that it has terminated the engagement of Hybrid Financial Ltd. (“Hybrid”), which provided marketing and investor relations services to ARHT Media between July 5, 2021 and April 20, 2022. Hybrid was paid a monthly fee of C$15,000.00 plus applicable taxes.

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.

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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 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.

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