ACCESS INTEGRATED TECHNOLOGIES, CHRISTIE TEAM UP TO BRING MOVIES TO THE DIGITAL SCREEN IN STATE-OF-THE-ART "2K" FORMAT
MORRISTOWN, N.J. - May 10, 2005 - Access Integrated Technologies, Inc. ("AccessIT") (AMEX: AIX) and Christie Digital Systems (Christie) today announced they have teamed up to outfit AccessIT's wholly-owned Pavilion Digital Showcase Theatre with five, state-of-the-art 2K Digital Cinema projectors. Digital 2K-movie presentation offers viewers approximately twice the resolution of typical high-definition programming and is the highest-fidelity, projector technology currently commercially available. This installation makes the historic Brooklyn, New York-based Pavilion Theatre the most advanced digitally equipped 2K venue in full-time operation in the United States.
Installed to premier some of Hollywood's most exciting blockbuster films in the majority of Digital Cinema theatres around the world, Christie's CP2000 projector offers the highest level of brightness and contrast ratio on the market today. Beginning this month, digital movies will be delivered to the Pavilion and other locations via satellite using AccessIT's proprietary distribution software and technologies. Once downloaded to AccessIT's secure central server in the Pavilion, the decrypted and decompressed movie files will be digitally projected onto five screens equipped with Christie's CP2000 2K projectors featuring DLP Cinema technology.
"This joint effort is the natural outcome of a long-standing collaboration between our respective companies, whose Digital Cinema technologies complement one another," said Bud Mayo, President and CEO of AccessIT. "We chose Christie, not only because of its organizational commitment to Digital Cinema, but also because of its responsiveness to addressing all of our needs as an exhibitor and owner of the Pavilion Theatre as a digital showcase. To date, no other company has shown Christie's level of understanding of the entire process."
Russell Wintner, President and COO of Access Digital Media, added, "We are working closely with the entire Christie staff to simplify the installation process as well as ensure streamlined in-theatre operations after installation."
Jack Kline, President/COO, Christie USA, also commented, "We are delighted to be partnering with AccessIT on this important advancement in Digital Cinema. AccessIT's best-of-breed software and services and integrative system approach complements our own leading-edge DLP Cinema projectors. We look forward to using this installation to showcase how seamless it is for exhibitors to transition to Digital Cinema."
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.
Christie is a leader in visual solutions for world-class organizations, offering diverse applications for business, entertainment, and industry. A leading innovator in film projection since 1929 and a pioneer in projection systems since 1979, Christie has established a global reputation as a total service provider and the world's single source manufacturer of a variety of display technologies and solutions. Christie offers comprehensive solutions for cinema, large audience venues, control rooms, business presentations, training facilities, 3D and Virtual Reality, simulation and education as well as industrial and government environments. Christie solutions are used in over 75,000 locations worldwide, including more than 10,000 projectors and displays networked with ChristieNET networking devices. For more information on Christie's cinema solutions and to find a theatre with Christie Digital Cinema projectors, visit www.christiedigital.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