Ballantyne Strong, Inc. (AMEX:BTN)
Historical Stock Chart
2 Years : From May 2010 to May 2012
Ballantyne Strong, Inc. (NYSE AMEX: BTN), a provider of digital cinema
projection equipment and services, cinema screens and other cinema
products, announced today that it will provide NEC Digital Cinema
projection systems and Ballantyne’s MDI/Strong cinema screens to outfit
an additional 14 auditoriums, 12 for Cine Planet, Peru’s leading motion
picture exhibitor, and 2 for its Chilean subsidiary, Cines Movieland.
Ballantyne Strong has previously installed 23 NEC Digital Cinema
projection systems for these customers, 19 in Peru and 4 in Chile.
Fernando Soriano, Director General of Cine Planet, stated, “We have
worked with Ballantyne Strong since our entry into the cinema business
approximately ten years ago and have always relied on both the quality
of their products and the excellent customer service they provide. As we
enter the exciting new era of digital cinema it is natural that we will
continue to rely on Ballantyne to expand our digital and 3D footprint
and bring the latest movies and alternative content to our patrons.”
John P. Wilmers, Ballantyne’s CEO, commented, “Cine Planet and Cines
Movieland have both achieved noteworthy growth and success as leading
exhibitors in their markets. As with many other parts of the globe,
South America is undergoing a rapid transformation from analog to
digital cinema. Under Fernando’s leadership his Company is on the
cutting-edge of technological change and we are delighted to play an
integral role in their digital deployment by supplying state-of-the-art
NEC projectors and our high quality screens.”
About Cine Planet (www.cineplanet.com.pe)
Cine Planet operates 15 theatres in Peru with 121 total screens, 19 of
which are digital and 19 3D-compatible. The Company’s Cines Movieland
subsidiary, based in Chile, operates 4 theatres with 31 total screens,
including 4 digital and 4 3D screens.
About Ballantyne Strong, Inc. (www.ballantyne-strong.com)
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.
Except for the historical information in this press release, it includes
forward-looking statements 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.