ACCESSIT ACCESSIT APPOINTS DAVID GAJDA AS SENIOR VICE PRESIDENT, INTERNATIONAL;
MORRISTOWN, N.J. - April 6, 2005 - In a move underscoring its ongoing expansion efforts, Access Integrated Technologies, Inc. ("AccessIT") (AMEX: AIX) today announced the appointment of David Gajda to the newly created post of Senior Vice President - International, and named Jim Miller President and Chief Operating Officer of Hollywood Software, the position vacated by Mr. Gajda.
Hollywood Software, a subsidiary of AccessIT, is the leading developer of proprietary transactional software for movie distributors and exhibitors in North America. Its Theatrical Distribution System (TDS) software manages all key operational and financial elements of film distribution for domestic distributors, including four major Hollywood studios. The company's newest product, TDS International, is designed to support global movie releases with a unique application design incorporating worldwide functionality within a singular codebase. In addition to eliminating the high costs of maintaining multiple territory-specific programs, the system seamlessly integrates with AccessIT's digital content delivery services provided through AccessIT's Access Digital Media subsidiary.
David Gajda, co-founder of Hollywood Software, played a key role in establishing the firm as the leading provider of distribution software and services to Hollywood and Independent film studios. Prior to co-founding Hollywood Software, Mr. Gajda owned and managed the strategic consulting company, DWG International Inc., which helped entertainment companies develop their three- to five-year strategic systems plans. In his new role, he will be responsible for all of AccessIT's international digital media and delivery business development activities; focused on the UK, continental Europe and the Asia/Pacific region.
Jim Miller, the newly appointed president and chief operating officer of Hollywood Software, has previously served as the chief financial officer of Hollywood Software since 2000. Prior to that, he was Vice President and Corporate Controller at Viacom's publicly held Spelling Entertainment Group, where he was responsible for Financial Planning, Accounting, Public Reporting, MIS and Business Operations for the many entertainment businesses in their portfolio. Prior to Spelling, Jim was interim CFO at Silver King Broadcasting unit following its acquisition of Savoy Pictures, where he was also the Vice President and Corporate Controller for 3 years. Savoy Pictures was a publicly traded start-up film and television production and distribution company with interests in broadcasting. Jim is a Certified Public Accountant who began his career in the entertainment practice of KPMG Peat Marwick after which he spent 5 years in Finance and Planning at The Walt Disney Studios.
Robert Jackovich, co-founder of Hollywood Software will remain the company's Chief Technology Officer in charge of new product development and maintenance of existing products.
Commenting on these appointments, Bud Mayo, Chief Executive Officer of AccessIT, said, "With the release of Hollywood Software's TDS International, AccessIT has taken a major step towards simplifying and unifying the distribution of film product on a global scale. With David and Jim, we have two highly experienced industry executives, who will play a major role in reinforcing and expanding AccessIT's global standing as a leading provider of software technology to the entertainment business."
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