Ballantyne Expands Digital Cinema Distribution Footprint into Singapore, Malaysia and Indonesia.OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb. -- Ballantyne of Omaha, Inc. (NYSE NYSE See: New York Stock Exchange Alternext US: BTN BTN In currencies, this is the abbreviation for the Bhutan Ngultrum. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), a provider of cinema equipment and services, reported today that its cinema products distribution subsidiary, Strong Westrex Company, Asia, has secured distribution rights for the NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. Starus[TM] Line of digital cinema projectors from NEC Display Solutions, Japan for three additional Asian territories. Strong Westrex Company, Asia has been granted a license to distribute NEC's digital cinema projectors in Singapore, Malaysia and Indonesia. Strong Westrex will also provide sales training, service and support for all digital cinema products sold in these three territories. The new territories build upon Strong Westrex's existing NEC Starus distribution rights for Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Macau and Mainland China, as well as Ballantyne's digital cinema projector master reseller agreement with NEC Corporation of America for North and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . Ballantyne president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , John P. Wilmers, commented, "These new territories represent a market opportunity of approximately 1,300 cinema screens, only a small number of which have already been converted to digital cinema. We are pleased to expand our partnership with NEC to serve the needs of customers in these countries as they move to digital projection technology. Importantly, Strong Westrex maintains a 40+ year-old reputations for quality cinema products and excellent customer service." About Ballantyne of Omaha Ballantyne is a provider of motion picture projection, digital cinema projection, cinema screen technology and specialty lighting equipment and services. The Company supplies major theater chains, top arenas, television and motion picture production studios, theme parks and architectural sites around the world. For more information visit www.ballantyne-omaha.com. Except for the historical information in this press release, it includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties, including but not limited to, quarterly fluctuations in results; customer demand for the Company's products; the development of new technology for alternate means of motion picture presentation; domestic and international economic conditions; the management of growth; and other risks detailed from time to time in the Company's Securities and Exchange Commission filings. Actual results may differ materially from management's expectations. Ballantyne assumes no obligation to publicly update or revise any forward-looking statements. |
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