IMAX SELECTS ACCESS INTEGRATED TECHNOLOGIES' NEW WORLDWIDE THEATRICAL DISTRIBUTION SOFTWARE
MORRISTOWN, N.J., Dec 04, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Access Integrated Technologies, Inc. ("AccessIT") (Nasdaq: AIXD) announced today that IMAX Corp. has selected its Global Theatrical Distribution System, or TDS Global software solution, to manage IMAX's theatrical releases worldwide.
TDS Global, the newest theatrical release management application developed by AccessIT, is designed to expand its existing domestic movie distribution capabilities to handle distribution in major movie markets around the world. AccessIT has been developing TDS Global over the past two years in conjunction with Fox International a unit of Fox Entertainment Group, Inc. and the solution is now ready for deployment at IMAX.
TDS Global will give IMAX the ability to manage its extensive international distribution operations from a single database located in its Santa Monica, California offices. AccessIT will host the IMAX solution and provide system monitoring and support.
The domestic version of TDS has become the industry standard distribution software system, used by four of the seven major studios and many independent distributors over the past eight years to plan, book, distribute, account for and track prints to all 37,000 screens throughout the United States and Canada. TDS Global will provide the same functionality for efficiently managing movie releases throughout the world, ultimately addressing 28 territories and more than 105,000 screens that show feature movies.
"We are very excited at the opportunity of working with IMAX to update and automate their unique distribution operations. AccessIT is the leader in theatrical enterprise applications and our new TDS Global solution is a critical component in our theatrical and digital cinema systems strategy," said Jim Miller, President of AccessIT's Software Division.
"With more than 280 theaters in 40 countries, we needed a single, reliable software solution to manage our worldwide distribution network and help us expand our global footprint. TDS Global provides us with that solution today and will support IMAX in the future as we begin to roll out new digital projection systems," said Phil Groves, Senior Vice President, Film Distribution & Development, Filmed Entertainment, of IMAX.
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. For more information on AccessIT, visit http://www.accessitx.com. AIXD-G
About IMAX Corporation
Founded in 1967, IMAX Corporation is one of the world's leading entertainment technology companies and the newest distribution window for Hollywood films. IMAX delivers the world's best cinematic presentations using proprietary IMAX(R), IMAX(R) 3D, and IMAX DMR(R) technology. IMAX DMR(R) (Digital Re-mastering) makes it possible for virtually any 35mm film to be transformed into the unparalleled image and sound quality of The IMAX Experience. The IMAX brand is recognized throughout the world for extraordinary and immersive entertainment experiences. As of September 30, 2006, there were 280 IMAX theatres operating in 40 countries.
IMAX(R), IMAX(R) 3D, IMAX DMR(R), IMAX MPX(R), and The IMAX Experience(R) are trademarks of IMAX Corporation. More information on the Company can be found at http://www.imax.com.
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 Tregenza Moore Andrew Komendantov
AccessIT The Dilenschneider Group
55 Madison Avenue 212.922.0900
Suite 300
Morristown, NJ 07960
(973) 290-0080
smoore@accessitx.com
Sarah Gormley
IMAX Corporation
110 East 59th Street
Suite 2100
New York, NY 10022
(212) 821-0155
SGormley@imax.com
SOURCE Access Integrated Technologies, Inc.
Suzanne Tregenza Moore of AccessIT, +1-973-290-0080, smoore@accessitx.com; or Sarah Gormley of IMAX Corporation, +1-212-821-0155, SGormley@imax.com; or Andrew Komendantov of The Dilenschneider Group, +1-212-922-0900
http://www.accessitx.com
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