ARHT Media Re-Files its Q2-2022 Financial Statements to correct comparative periods in the Statement of Changes in Equity

ARHT Media Re-Files its Q2-2022 Financial Statements to correct comparative periods in the Statement of Changes in Equity

TORONTO, Aug. 12, 2022 — ARHT Media Inc. (“ARHT” or “the Company”) (TSXV:ART), (OTCQB:ARHTF) announces that it has restated and refiled its interim financial statements (“Q2 2022 Interim Financial Statements”) for the three and six month period ended June 30, 2022, in order to correct the comparative periods in its Statement of Changes in Equity. The Statement of Changes in Equity has been amended to include the corresponding interim period in the immediately preceding year, June 30, 2021, rather than the twelve months ended December 31, 2021.

The changes had no impact on the Company’s net income, earnings per share, net change in cash during the period, cash position, or statements of income.

This press release is being made at the request of the Ontario Securities Commission pursuant to a review by the OSC staff. The refiled documents are available on SEDAR at www.sedar.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
Linked: 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 Fiscal Q1 2022 Results

ARHT Media Announces Fiscal Q1 2022 Results

Revenue increases 20%, WeWork rollout expands from 16 to 30 locations, New Display Technology to be launched in Q2 2022 following very positive market testing

TORONTO, May 18, 2022 — 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 first quarter ended Mar 31, 2022.

Q1 2022 Financial Update

  • Q1 2022 revenues of $1.4M vs $1.2M in Q1 2021, an increase of 20%
  • Q1 2022 Net loss of $1.3M vs $0.8M in Q1 2021, an increase of 77% primarily due to increased headcount as Company invests for growth
  • Cash as of Mar 31, 2022 of $10.3M compared to $3.1M as of December 31, 2021, an increase of 232%

Q1 2022 Business Highlights:

  • The Company completed a $10M equity financing in February 2022 to support a significant investment in sales, marketing and new product technology.
  • The Company amended its partnership agreement with WeWork. The new agreement includes expanding the number of locations in the first phase from 16 to 30 as well as improving the economics for ARHT.
  • The Company welcomed two experienced technology company executives to the Board of Directors, Jonathan Pollack (AcuityAds, Kaboose) and Deborah Beatty (PointClick Care, Apple)
  • 82% of total revenues in Q1 2022 were repeat customers.
  • Strategic Partners added in Italy, South Africa and Australia

Q2 2022 Subsequent Events

  • With the success of 3 recent events that displayed ARHT’s new display hologram technology, the Company plans to launch its new display product in Q2 2022 for the retail & corporate verticals
  • The Company added sales team executives in Seattle, Boston, Berlin and Sydney as well as other important roles as it manages for growth while experiencing no turnover of existing employees
  • Market testing of new display has been extremely well received
  • “With pandemic restrictions loosening, in-person events and product demonstrations are increasing. This shift, coupled with our recently completed financing has provided ARHT with the opportunity to expand our client base. Given our extremely high levels of repeat business, this investment should result in significant revenue growth in 2022,” stated ARHT CEO, Larry O’Reilly. “The Q2 launch of our new display technology, which has now been market tested in events in Brussels (Military), Las Vegas (Movie Industry) and Toronto (Music Industry) is expected to propel unprecedented demand for our complete range of live hologram products and services.”

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 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.


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