Ms. Kristen Spence reports
ARHT MEDIA ANNOUNCES STRATEGIC REVIEW PROCESS
Arht Media Inc. has undertaken a strategic review of the company's operations, assets and financial structure.
Arht Media has become a supplier of leading-edge holographic products designed to scale with large enterprise organizations. Much of the company's recent sales efforts have been focused on proof-of-concept installations with global brands and educational institutions and large scale roll outs have yet to materialize. This in turn has held back revenues over the past several quarters. While the company has every reason to believe that broader scale adoption will occur, the timing of this adoption is unclear. It is for these reasons that the board has undertaken a strategic review. The company does not plan to provide updates on the status of the review until such time as material developments emerge.
About Arht
Media Inc.
Arht is a pioneer and the global leader in live hologram technology. Thanks to its patented end-to-end technology, executives, medical experts, educators, entertainers, and thought leaders can travel at the speed of light to any destination.
Arht was founded in 2014 and is publicly traded on the TSX Venture Exchange. Arht has offices in North America, Europe and Asia and operates from its own studios in locations from Toronto to Singapore, as well as a large network of partner studios in every region.
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