ACCESSIT'S HOLLYWOOD SOFTWARE TO PROVIDE FOX ENTERTAINMENT GROUP, INC. WITH INTERNATIONAL MOTION PICTURE DISTRIBUTION AND MANAGEMENT SOFTWARE
MORRISTOWN, N.J. - March 31, 2005- Access Integrated Technologies, Inc. ("AccessIT") (AMEX: AIX) announced that its Hollywood Software subsidiary has been selected by Fox International, a unit of Fox Entertainment Group, Inc. (NYSE: FOX) ("FOX"), to exclusively provide film distribution and release management software for its overseas operations.
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 key operational and financial elements of film distribution for domestic distributors, including four major Hollywood studios. Its newest product, TDS International, will be designed to support global movie releases. Hollywood Software's unique application design will incorporate worldwide functionality within a singular codebase to eliminate the costly burden of maintaining multiple territory-specific programs. The system will also seamlessly integrate with AccessIT's digital content delivery services provided through AccessIT"s Access Digital Media (AccessDM) subsidiary.
Hollywood Software President and COO, David Gajda, said, "Fox was an early studio partner on our successful domestic TDS system and we are thrilled to once again be working with their team to advance film distribution technology to a new level. Through strong partnerships, technical expertise and proven industry insight, Hollywood Software is uniquely positioned to provide powerful, yet cost-effective tools that are designed to increase management visibility, decrease technology and support costs, and seamlessly prepare clients for the upcoming digital era."
"AccessIT, throughout all its divisions, is committed to providing solutions for the transition to digital cinema both in the United States and Internationally," commented Bud Mayo, Chief Executive Officer of AccessIT. "The media business transcends geographical borders, so AccessIT will develop the tools that effectively manage the distribution of creative content on a global scale. We are pleased to see that a significant industry player like FOX sees the value in TDS International and is willing to be the first among the major film distributors to adopt this solution."
Fox's CIO, Janet Woods, added, "Fox has a proven history of investing in technology solutions that address the many complex issues confronting our ever-changing industry. Domestically, Hollywood Software's suite of distribution tools and expertise allowed FOX to significantly increase the efficiency of our distribution organization while carefully managing on-going support costs. With TDS International, we will have the tools to manage the complete release life cycle with one application, across all territories, from planning and booking, print control and tracking, to box office reporting and settlement."
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.
About Fox Entertainment Group, Inc.
Fox Entertainment Group, Inc., 82.1% owned by The News Corporation Limited (NYSE: NWS), is principally engaged in the development, production and worldwide distribution of feature films and television programs, television broadcasting and cable network programming. The company's studios, production facilities and film and television library provide high-quality creative content, and the Company's broadcasting and cable networks provide extensive distribution platforms for the company's programs.
About Hollywood Software, Inc.
Hollywood Software, Inc. specializes in state-of-the-art software applications and outsourcing solutions for the entertainment industry. Hollywood Software's platform of integrated software and services are strategically designed to streamline today's business and address the needs of the emerging digital marketplace.
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
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Joel Pomerantz or Michael Glickman
The Dilenschneider Group