AccessIT to Change Name to Cinedigm
25 Novembre 2008 - 4:00PM
Marketwired
Access Integrated Technologies, Inc. (the "Company") (NASDAQ: AIXD)
announced today that it will be changing its name to Cinedigm
Digital Cinema Corp. (Cinedigm). The Company is the global leader
in providing the technology and services that enable movie theaters
to convert to digital cinema exhibition. This conversion allows for
significantly expanded possibilities for big-screen theater-based
entertainment, including live performances and events in 3-D.
The Company's new name and identity is designed to better
represent the Company's leading position in the new paradigm in
cinema entertainment made possible by its technology and services.
The change also corresponds to the Company's leading industry role
in digital cinema and continued expansion of its footprint with the
next 10,000 screens that the Company expects to bring online with
its unique nationwide satellite platform.
"It's time that we had a brand that more accurately captures the
real promise of what we offer," said Bud Mayo, the Company's
Chairman and CEO. "Our platform takes the movie-going experience
beyond cinema, allowing studios, theatres and content-creators to
enhance and expand the kinds of content they can provide to
consumers."
Mayo continued, "We have successfully brought true digital
cinema to over 3,700 screens in the U.S. and are preparing to
almost triple that number over the coming few years. Digital cinema
is a terrific opportunity for the industry and enables a
wonderfully improved experience for consumers, so we are very
excited about what's ahead for our business and industry."
The Company will seek approval by its stockholders of the new
corporate name at its next stockholders' meeting in September 2009.
Until such approval, the Company will maintain its corporate name
but also do business as Cinedigm Digital Cinema Corp. and will use
the brand name Cinedigm. The Company's subsidiary, The Bigger
Picture, will also be changing its name to Cinedigm and will be
known as Cinedigm's Alternative Content Distribution group. A new
stock symbol that will better reflect the Company's name is
expected from NASDAQ shortly. Until such time, the Company's stock
symbol will remain (AIXD).
About Cinedigm
Cinedigm Digital Cinema Corp. is the global leader in fulfilling
the promise of digital cinema. Its ground-breaking technology
platform helps exhibitors, distributors, studios and content
providers transform the consumer movie experience -- by expanding
theatrical features to include not only movies but also live 2-D
and 3-D performances such as sporting events, concerts and gaming.
The Company also enables theatres to create exhibitions and
advertising opportunities targeted to specific audience groups and
locations thereby offering new revenue opportunities for these
venues. Cinedigm's leading digital cinema platform and
one-of-a-kind satellite delivery operations support more than 3,700
theatres across the United States with over nine million digital
showings of Hollywood features to date. www.Cinedigm.com
[AIXD-G]
Contact: Suzanne Moore Cinedigm Digital Cinema Corp 973.290.0056
Email Contact John Franklin Abernathy MacGregor Group 212-371-5999
Email Contact
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