AccessIT's Christie/AIX Deployment Program Hits Average Monthly Screen Installs of 266
Tuesday, 5 December 2006 Access Integrated Technologies, Inc. ("AccessIT") (Nasdaq: AIXD) today announced average monthly installs for the past three months hit 266. This number exceeds the announced and expected average of 200. The monthly installs for September, October and November were 257, 361 and 180 respectively, showing an expected decline for holiday movie activity in November. This number also brings total installs to more than 1583 exceeding the goal to have total installs of 1,500 by the end of the year. Bud Mayo, Chairman and CEO of AccessIT, commented: "I'm delighted that we have exceeded our expected monthly average of 200 screens as well as our December 31 goal of 1,500 installed. We fully anticipate achieving install numbers similar to those in September and October after the holiday season and look forward to meeting our goal of at least 2,000 by the end of our Fiscal Year." AccessIT's Christie/AIX unit serves as the funding vehicle and administrator for the company's studio-supported 4,000-screen digital cinema rollout plan supported by major studios and independent distributors, among others -- and exhibitors who will receive turnkey, Digital Cinema systems in conformance with DCI specifications, including Christie 2K DLP Cinema(R) projectors and related hardware and AccessIT's unique theatre management software. To date, Christie/AIX has contracted to install more than 3,100 systems in thirty-nine states and has completed the rollout of almost 1,600 screens with exhibitors including Cinema West, Cinetopia, Emagine, UltraStar, Galaxy, Rave, Carmike Cinemas, and AccessIT's Pavilion Digital Showcase Cinema. Access Integrated Technologies, Inc. (AccessIT) is the industry leader in providing fully integrated software and services to enable the motion picture entertainment industry and all of its constituents to transition from film to digital cinema. Its studio-backed 4,000 screen ongoing deployment of digital systems is the first and the largest of its kind in the world. The company's Theatrical Distribution System software and electronic satellite delivery services provide studios and content owners with a seamless entry into the digital era while its vendor neutral Theatre Command Center and Exhibitor Management System provide exhibitors with all the tools needed to transition to digital cinema. Access Integrated Technologies(R) and AccessIT(TM) are trademarks of Access Integrated Technologies, Inc. For more information on AccessIT, visit http://www.accessitx.com . AIXD-G 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. Contact: Suzanne Moore Andrew Komendantov AccessIT The Dilenschneider Group 55 Madison Avenue 212.922.0900 Suite 300 Morristown, NJ 07960 973.290.0080 smoore@accessitx.com http://www.accessitx.com
Source: prnewswire
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