(Toronto, ON) ARHT Media Inc. (“ARHT” or the “Company”) (TSX-V: ART), creators of digital human holograms called HumaGrams™ announced today the appointment of international entertainment executive, Larry O’Reilly, as Chief Executive Officer and a member of the board of directors, effectively immediately.
Mr. O’Reilly is a highly successful global business development executive that led the international sales team that transformed the IMAX brand from a museum theatre experience with 150 locations to a global commercial distribution channel for IMAX and Hollywood films at over 1,000 locations in more than 65 countries that generates more than US$1 Billion in box office annually. With a strong record of accomplishment in sales, marketing and brand development, Mr. O’Reilly is poised to take ARHT into its next phase of business development, monetization of its holographic telepresence technology.
“In three short years ARHT Media has developed an incredible base of innovative and patented technologies that have enabled dozens of major events with some of the most well-known people in the world such as Prime Minister Trudeau, Tony Robbins and Stephen Hawking”. “This next phase will be focused on creating a global distribution channel, in many verticals, that will capitalize on our two way, real time, holographic telepresence technology. We will move from being solely an event driven business to one where we will earn reoccurring revenues through multiple distribution channels. ARHT Media is delivering the future today – a hologram that looks absolutely life like combined with two way telepresence with no noticeable latency, which makes it feel like the holographic person is actually in the room or on the stage” said Mr. O’Reilly.
ARHT is also pleased to announce the appointment of Mr. Rick Blum as the Chief Operating Officer of the Company.
Mr. Blum held the position of VP and CFO of a high growth TSE 300 listed company that grew 10 fold over a period of 5 years. Through the growth, Rick oversaw the Initial Public Offering and a number of subsequent financings. He was also responsible for building the finance and administrative infrastructure of the company and was involved in all acquisitions and the subsequent integration of acquired companies. Rick purchased RG Henderson, a parts distribution and service Company in May of 2000. He significantly grew topline revenue and profitability and in February of 2013 sold the company to a private equity firm. The private equity firm completed a number of subsequent acquisitions in the Canadian market and Rick continued as the President of a newly formed company, Heritage Food Service Group of Canada Limited. Rick was responsible for building the national parts distribution division, Heritage Parts Canada. Rick holds a business degree from the University of Toronto and has both his CPA and CA designations.
“ARHT Media is at a very exciting phase of its growth as the business transitions from technology development to product commercialization. Holographic telepresence is transformational technology and I’m very excited to be joining the ARHT Media team” said Rick Blum.
Mr. O’Reilly and Mr. Blum will be based in ARHT’s Toronto studio.
Mr. Paul Duffy will transition to the position of Co-Founder, Chief Architect and UX Officer of the Company. Mr. Duffy will be instrumental in helping the Company grow its business in different verticals. “It’s a strong testament to the value of the technology, people and market opportunity that we are fortunate enough to have Larry take the company to the next level of growth and sustained value. I look forward to working with Larry and our exceptional team.”
About ARHT Media
ARHT’s patented Augmented Reality Holographic Telepresence technology is the world’s first complete end-to-end solution for the creation, transmission, and delivery of lifelike digital human holograms. The Company’s technology is protected by U.S. Patent No. 9,581,962.
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ARHT Media trades under the symbol “ART” on the TSX Venture Exchange.
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This press release may contain “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the intention to exercise convertible securities of the Company; 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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