TORONTO, April 17, 2023 (GLOBE NEWSWIRE) — ARHT Media Inc. ("ARHT" or "the Company") (TSXV: ART), (OTCQB: ARHTF) the global leader in the development, production and distribution of high-quality, low latency hologram and digital content, today announced that it has signed a new $0.5 million contract with a leading global Fortune 50 client. ARHT anticipates revenue from this contract in 2023.
“We couldn’t be more thrilled to partner with this esteemed global brand on a worldwide activation that will seamlessly combine pre-recorded and live holographic streaming," stated ARHT CEO, Larry O’Reilly.
About ARHT Media
ARHT is a pioneer and the global leader in live and pre-recorded hologram technology. ARHT captures, transmits and beams holograms of presenters in high-quality and with ultra-low latency, as lifelike holograms, to appear remotely in one or multiple places at once and deliver memorable live interactions with an in-person audience as they appear for speaking engagements, presentations, meetings, panel discussions, trainings, entertainment, events and more.
ARHT was founded in 2014 and is publicly traded on the TSX Venture Exchange.
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ARHT trades under the symbol "ART" on the TSX Venture Exchange.
This press release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the intention to exercise convertible securities of the Company; disclosure related to the Company’s sales funnel; the Company’s technology; the potential uses for the Company’s technology; the future planned events using the Company’s technology; the future success of the Company; the ability of the Company to monetize the ARHT Media technology; the development of the Company’s technology; and interest from parties in ARHT’s products. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic and competitive uncertainties; regulatory risks; risks inherent in technology operations; and other risks of the technology industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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