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 Announces Reseller And Integrator Agreement With Matrix Video Communications Corp – A Leading National AV Provider In Canada

 

ARHT Media Announces Reseller And Integrator Agreement With Matrix Video Communications Corp – A Leading National AV Provider In Canada

TORONTO, Sept. 02, 2020 — 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 announce that they have entered into an Reseller and Integrator Agreement with Matrix Video Communications Corp (MVCC).  Matrix Video has been a leading supplier of audio-visual, broadcast systems and installation services for over 25 years, with eight offices across Canada.

Acting as an authorized Reseller and Integrator of ARHT’s technology in Canada, MVCC will offer ARHT’s HoloPresence platform and Virtual Global StageTM premium livestream solution primarily for permanent installations with government, education, sports stadium and enterprise clients.

“With over 50% of communication being non-verbal body language, we have been searching for a technology solution that large enterprises can use to communicate with more engagement than the talking-head video conference – especially now since so many employees are working from home,” said MVCC President, Glenn Burgess. “ARHT Media’s Virtual Global Stage and HoloPresence technology are re-humanizing the executive’s virtual performance by allowing multiple presenters from different locations to beam-in to interact with each other in real-time.  ARHT’s enhanced interactive platforms deliver many of the benefits of in person meetings with the added benefits of being COVID-19 and Carbon Reduction friendly, not to mention the savings of time and the expense of not having to travel to meetings.”

“I’m incredibly pleased to welcome MVCC to our growing list of partners from around the world,” said ARHT CEO, Larry O’Reilly. “MVCC’s client list is truly impressive across a number of verticals so I expect this new relationship to accelerate the growth of our network of permanent installations across Canada in a very significant way.”

About Matrix Video Communications Corp
Matrix Video Communications Corp. is a specialized video communications company that has built their reputation on achieving the highest degree of customer satisfaction in consultation, design, integration and installation of audio, video and multimedia solutions in the Broadcast, Post-Production and Audio-Visual environments. As one of Canada’s leading suppliers of audio & video equipment and installation services, we combined the advanced expertise of our team alongside our collaborative approach to become a leader in the marketplace.

To learn more about Matrix Video Communications Corp visit their website: www.mvcc.ca

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

Megan Miller
Matrix Video Communications Corp
mmiller@mvcc.ca

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.

WISeKey and ARHT Media Team Up for the First Ever Trusted HoloPresence Investor Meeting to Be Held at The NASDAQ MarketSite in Times Square in NYC on November 17

 

WISeKey and ARHT Media Team Up for the First Ever Trusted HoloPresence Investor Meeting to Be Held at The NASDAQ MarketSite in Times Square in NYC on November 17

Eliminating the need for physical contact and long-distance travel, Trusted HoloPresence meetings will reduce environmental impact and allow for social distancing to stop the spread of COVID-19.

GENEVA and NEW YORK and TORONTO, Sept. 01, 2020 — WISeKey International Holding Ltd (“WISeKey,” SIX: WIHN / Nasdaq: WKEY), a leading cybersecurity and IoT company and ARHT Media Inc. (“ARHT” or “the Company”) (TSXV:ART), a global leader in the development, production and distribution of high-quality, low latency hologram and digital content for online and in-person communication, today announced a partnership where WISeKey will provide third-party authentication and additional security services to further secure transmissions conducted via ARHT’s HoloPresence technology used by the financial services sector and other industries to conduct remote meetings where presenters appear as holograms.

The launch of this partnership will be at an investor meeting that will be held at the NASDAQ headquarters in Times Square in New York City on November 17, 2020 – the first of its kind in the world.

WISeKey and ARHT are delighted to be integrating their technologies to make HoloPresence transmissions even more secure, while also helping to eliminate the need for physical contact during business gatherings, an essential aspect of stopping the spread of COVID-19 during this global pandemic, as well as reducing an organization’s carbon footprint and increasing their efficiency by minimizing air travel for busy executives.

With many organizations, especially in the financial services sector, having strict requirements for KYC authentication and strict data security, this collaboration is a gamechanger that will help them ensure compliance while using HoloPresence to conduct important organizational and investor meetings.

To authenticate users that are using HoloPresence, WISeKey has integrated its MyWISeID digital signature and strong authentication capability into the end-to-end encryption channels in ARHT’s HoloPresence technology, which is powered by their transmission software the ARHT Engine.  By adding the ability to verify digital identities, users will be able to communicate securely to submit their vote remotely, conduct financial transactions, access health consultations and much more.

“WISeID combined with ARHT’s transmission software, the ARHT Engine, helps remove any barriers related to security and makes it easy and affordable for companies and individuals to further secure their interactions when appearing as holograms,” stated Carlos Moreira, CEO and Founder of WISeKey. “This partnership creates a great synergy that puts our authentication solution alongside a company that is pioneering the future of communication while also ensuring greater security and compliance for ARHT’s HoloPresence technology, which will make the solution even more appealing to many clients.”

“We are thrilled to be partnering with WISeKey to further enhance security options for our clients and broaden the potential markets for our online Virtual Global Stage and in-person HoloPresence engagements,” stated ARHT’s CEO Larry O’Reilly.  “WISeKey’s software will integrate seamlessly with our ARHT Engine software to enhance communication globally.”

About WISeKey:
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey microprocessors secure the pervasive computing shaping today’s Internet of Everything. WISeKey IoT has an install base of over 1.5 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.).  WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.

Our technology is Trusted by the OISTE/WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.

WISeKey press and investor contacts:

WISeKey International Holding Ltd 
Company Contact:  Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
info@wisekey.com
WISeKey Investor Relations (US) 
Contact:  Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
lcati@equityny.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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