CHARLOTTE, N.C., April 17, 2023 (GLOBE NEWSWIRE) — FG Group Holdings Inc. (NYSE American: FGH) (the “Company” or “FG Group Holdings”) announced today that its wholly-owned subsidiaries, Strong Technical Services, Inc. (“Strong Technical Services”) and Strong/MDI Screen Systems, Inc. (“Strong/MDI”) will showcase their products and services at CinemaCon 2023, to be held from April 24 – 27, 2023, at Caesars Palace, in Las Vegas, Booth #2303A.
“We are excited to be meeting with prospective and current customers to show the new technologies available,” commented François Barrette, Senior Vice President & General Manager for Strong/MDI. “We look forward to introducing our wide range of cinema screens and solutions, including our new HGA React Laser Ready Screen, to a broader audience.”
Blake Titman, Senior Vice President & General Manager for Strong Technical Services, added, “At CinemaCon, we will be highlighting our industry-leading services group, which includes a team of 60 field service technicians trained to perform break-fix, integration, and installation on all digital cinema platforms and related equipment. We also have high-end product partners LG and Infinity Seating joining us this year, and we’re thrilled to feature them in our booth.”
“CinemaCon is a premiere event for our industry, attended by movie theater owners from all over the world, and we’re pleased to have this opportunity to interact in person with current and future customers as we showcase our portfolio of products and services,” commented Ray Boegner, President of Strong Entertainment. “Both Strong/MDI and Strong Technical Services enjoy strong reputations as reliable and efficient providers of screens, projection/audio components and cinema services. CinemaCon is an ideal locale for us to exhibit our capabilities, meet with existing partners and develop new relationships – come visit us in the Augustus Ballroom.”
About CinemaCon
CinemaCon is the largest and most important gathering of movie theater owners from around the world. The CinemaCon schedule is broad, diverse, educational, and fun, and features the largest cinema trade show in the world. It appeals to and attracts all facets of the international motion picture theater industry—exhibition, distribution, marketing, publicity and advertising, social media and, of course, the theater equipment and concessions manufacturers and dealers who showcase the latest technological advances and innovative concession offerings at the trade show. The CinemaCon schedule is packed with sponsored events; seminars; a trade show; screenings; product presentations; a gala award show honoring the very best in the movie industry; and a special day of programming geared toward the international market. (https://cinemacon.com/)
About FG Group Holdings Inc.
FG Group Holdings Inc. (https://fg.group/) is a diversified holding company with operations and holdings across a broad range of industries. The Company’s Strong Entertainment segment is the largest premium screen supplier in North America, provides technical support services and related products and services to the cinema exhibition industry, and recently launched its studio operations to produce content for streaming and other entertainment outlets. FG Group Holdings also holds equity stakes in Firefly Systems, Inc., GreenFirst Forest Products Inc. (TSX: GFP), and FG Financial Group, Inc. (Nasdaq: FGF), as well as real estate through its Digital Ignition operating business.
About Fundamental Global®
Fundamental Global® is a private partnership focused on long-term strategic holdings. Fundamental Global® was co-founded by former T. Rowe Price, Point72 and Tiger Cub portfolio manager Kyle Cerminara and former Chairman and CEO of TD Ameritrade, Joe Moglia. Its current holdings include FG Financial Group Inc. (Nasdaq:FGF), (NASDAQ: FGFPP), FG Group Holdings Inc. (NYSE American:FGH), BK Technologies Corp., GreenFirst Forest Products, Inc. (TSX:GFP), FG Merger Corp. (Nasdaq:FGMC), FG Acquisition Corp. (TSX:FGAA), OppFi Inc., Hagerty Inc., and FG Communities, Inc.
The FG® logo is a registered trademark of Fundamental Global®.
Forward Looking Statements
In addition to the historical information included herein, this press release includes forward-looking statements, which involve a number of risks and uncertainties, including but not limited to those discussed in the “Risk Factors” section contained in Item 1A in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 filed with the SEC on March 16, 2023, and the following risks and uncertainties: the Company’s ability to maintain and expand its revenue streams to compensate for the lower demand for the Company’s digital cinema products and installation services; potential interruptions of supplier relationships or higher prices charged by suppliers; the Company’s ability to successfully compete and introduce enhancements and new features that achieve market acceptance and that keep pace with technological developments; the Company’s ability to successfully execute its capital allocation strategy or achieve the returns it expects from these holdings; the Company’s ability to maintain its brand and reputation and retain or replace its significant customers; challenges associated with the Company’s long sales cycles; the impact of a challenging global economic environment or a downturn in the markets; the effects of economic, public health, and political conditions that impact business and consumer confidence and spending, including rising interest rates, periods of heightened inflation and market instability, the outbreak of any highly infectious or contagious diseases, such as COVID-19 and its variants or other health epidemics or pandemics, and armed conflicts, such as the ongoing military conflict in Ukraine and related sanctions; economic and political risks of selling products in foreign countries (including tariffs); risks of non-compliance with U.S. and foreign laws and regulations, potential sales tax collections and claims for uncollected amounts; cybersecurity risks and risks of damage and interruptions of information technology systems; the Company’s ability to retain key members of management and successfully integrate new executives; the Company’s ability to complete acquisitions, strategic investments, entry into new lines of business, divestitures, mergers or other transactions on acceptable terms, or at all; the impact of economic, public health and political conditions on the companies in which the Company holds equity stakes; the Company’s ability to utilize or assert its intellectual property rights, the impact of natural disasters and other catastrophic events, whether natural, man-made, or otherwise (such as the outbreak of any highly infectious or contagious diseases, or armed conflict); the adequacy of the Company’s insurance; the impact of having a controlling stockholder and vulnerability to fluctuation in the Company’s stock price. Given the risks and uncertainties, readers should not place undue reliance on any forward-looking statement and should recognize that the statements are predictions of future results which may not occur as anticipated. Many of the risks listed above have been, and may further be, exacerbated by the impact of economic, public health (such as a resurgence of the COVID-19 pandemic) and political conditions (such as the military conflict in Ukraine) that impact consumer confidence and spending, particularly in the cinema, entertainment, and other industries in which the Company and the companies in which the Company holds an equity stake operate, and the worsening economic environment. Actual results could differ materially from those anticipated in the forward-looking statements and from historical results, due to the risks and uncertainties described herein, as well as others not now anticipated. New risk factors emerge from time to time and it is not possible for management to predict all such risk factors, nor can it assess the impact of all such factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Except where required by law, the Company assumes no obligation to update forward-looking statements to reflect actual results or changes in factors or assumptions affecting such forward-looking statements.
| STRONG Technical Services Contact | STRONG/MDI Screen Systems, Inc. Contact | |
| Blake Titman | François Barrette | |
| Senior Vice President & General Manager | Senior Vice President & General Manager | |
| (402) 218 9560 | (450) 750-4236 | |
| blake.titman@strong-tech.com | francois.barrette@strongmdi.com | |
| Investor Relations Contacts | ||
| Mark Roberson | John Nesbett / Jennifer Belodeau | |
| FG Group Holdings Inc. | IMS Investor Relations | |
| Chief Executive Officer | (203) 972-9200 | |
| (704) 994-8279 | fggroup@imsinvestorrelations.com | |
| IR@fg.group |
