TORONTO, April 09, 2021 (GLOBE NEWSWIRE) -- ARHT Media Inc. ("ARHT" or "the Company") (TSXV:ART), the global leader in the development, production and distribution of high-quality, low latency hologram and digital content, is pleased to announce that it has delivered nine VGSTM Events in Q1 2021 totalling over $361,000 in revenue. Clients in healthcare, technology, real estate, financial services and logistics utilized the VGS™ mainstage presentation, enabling speakers in different cities to be presented on the same stage from head to toe as though they are actually in the same room, to enhance their online communication.
A client has reported that their presentation, which utilized the VGSTM, has received up to four times as many views as other presentations not using VGSTM at the same online conference — prompting the client to order additional VGSTM presentations.
Of the nine events using VGSTM in Q1 2021, three were with prior VGSTM clients, two were with ARHT HoloPresenceTM clients now working with us online, and all have expressed interest in doing additional VGSTM or hybrid (a combination of in-person and online participant) events going forward.
“While the majority of our business in Q1 2021 was with the delivery of either permanent installations or events utilizing our HoloPresence™ in-person display technology, it is extremely encouraging to see Virtual Global StageTM gaining momentum and having those clients coming back for more,” stated ARHT Media CEO Larry O’Reilly. “We believe that VGSTM will have a shelf life long after the pandemic recedes as enterprise organizations utilize technology to reduce travel costs and their carbon footprint. Deals signed for 2021 and beyond reflect a growing interest in online and hybrid events.”
About ARHT Media
ARHT Media's patented HoloPresence technology is a complete end-to-end solution that creates a sense of presence for audiences – as though the holographic presenter was actually live in the room. With no noticeable latency, ARHT Media makes two-way live communication with a 3D holographic presenter anywhere in the world possible. We can also playback pre-recorded content and 3D animations on our HoloPresence displays to deliver rich holographic experiences. Add to this our capability to stream the same content online on our premium Virtual Global StageTM.
ARHT Media trades under the symbol "ART" on the Toronto Venture Stock Exchange.
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, disclosure related to the Company's sales funnel; the Company's technology; the potential uses for the Company's technology; the future planned events using the Company's technology; the future success of the Company; the ability of the Company to monetize the ARHT Media technology; the development of the Company's technology; and interest from parties in ARHT's products. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic and competitive uncertainties; regulatory risks; risks inherent in technology operations; and other risks of the technology industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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