ACCESS INTEGRATED TECHNOLOGIES APPLAUDS FINAL DIGITAL CINEMA TECHNICAL STANDARDS SET BY DCI
MORRISTOWN, N.J. - July 28, 2005 - Access Integrated Technologies, Inc. ("AccessIT") (AMEX: AIX) issued the following statement on the final Digital Cinema technical standards announced yesterday by Digital Cinema Initiatives ("DCI"), the consortium created by all of the major Hollywood studios to establish the technical standards for Digital Cinema.
"The release of DCI's final Digital Cinema standards represents a landmark event for Hollywood. This revolutionary technology will radically change the delivery and exhibition of motion pictures and is the culmination of years of work. With these new standards, the studios, vendors and service providers can now proceed with Digital Cinema under universal standards for interoperability and security," said Bud Mayo, President and Chief Executive Officer of AccessIT. "We have fully supported the work of DCI since its inception; are committed to ensure that all our Digital Cinema solutions are fully-DCI compliant; and look forward to capitalizing on this important event."
Access Integrated Technologies, Inc. (AccessIT) is an industry leader in offering a fully managed storage and electronic delivery service for owners and distributors of digital content to movie theaters and other venues. Supported by its robust platform of fail-safe Internet data centers, AccessIT is able to leverage the market-leading role of its Theatrical Distribution System (TDS) with its innovative digital delivery capabilities and in-theatre software systems to provide the highest level of technology available to enable the emerging Digital Cinema industry to transition from film without changing workflows. For more information on AccessIT, visit www.accessitx.com.
Safe Harbor Statement
Investors and readers are cautioned that certain statements contained in this document, as well as some statements in periodic press releases and some oral statements of AccessIT officials during presentations about AccessIT, along with AccessIT 's filings with the Securities and Exchange Commission, including AccessIT 's registration statements, quarterly reports on Form 10-QSB and annual report on Form 10-KSB, are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements that are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects", "anticipates", "intends", "plans", "could", "might", "believes", "seeks", "estimates" or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by AccessIT's management, are also forward-looking statements as defined by the Act. Forward-looking statements are based on current expectations and projections about future events and are subject to various risks, uncertainties and assumptions about AccessIT, its technology, economic and market factors and the industries in which AccessIT does business, among other things. These statements are not guarantees of future performance and AccessIT undertakes no specific obligation or intention to update these statements after the date of this release.
Suzanne Tregenza Moore
55 Madison Avenue
Morristown, NJ 07960
Joel Pomerantz or Michael Glickman
The Dilenschneider Group