01.04.2006
ACCESSIT ADDS LEADING EXHIBITOR RELATIONS EXECUTIVE
AS DIGITAL CINEMA ROLLOUT MAKES MAJOR ADVANCE
MORRISTOWN, N.J., January
4, 2006 – Access
Integrated Technologies, Inc. (“AccessIT”)
(AMEX: AIX) announced today that Brad Carroll,
a leading exhibitor relations executive, has joined
the company as Director of Business Operations at AccessIT’s
digital cinema technology and services division. In
this newly created position, Mr. Carroll will be responsible
for managing the operational functions necessary to
support successful deliveries of movies and other content
to theatres. In addition to his broad experience as
an exhibitor relations specialist, he also brings to
AccessIT extensive expertise in film distribution and
booking and operational management.
Most recently, Mr. Carroll served
as Director of Exhibitor Relations for Fandango, the
nation's largest online and phone movie ticketing service,
serving over 1,150 theaters and 13,000 screens. There,
he created business development strategies, established
and maintained relationships with both exhibitors and
film studios, and served as internal liaison between
Fandango’s Marketing, Finance, Operations and IT Departments.
Prior to Fandango, Mr. Carroll
served as Director of Sales and Client Relations for
Technicolor Cinema Distribution, the theatrical movie
distribution division of Technicolor, one of Hollywood’s
leading celluloid film reproduction and distribution
services companies. His film distribution and schedule
management experience includes positions with AMC Theatres,
specializing in film settlement and booking; at Miramax
Films as a print controller; and at Savoy Pictures as
a film booker. Carroll was also a founder of Joseph
Street Pictures, a video production house catering to
independent film-makers and first-time directors.
Commenting on his new position,
Carroll said: “There can be no doubt that digital cinema
is the wave of the future in motion picture distribution
and exhibition, which is why I’m particularly pleased
to have the opportunity to be joining a company like
AccessIT
– a pioneer in the sector and now clearly taking the
lead in promoting digital cinema’s adoption by theaters
across the country. It’s exciting to be a part of this
historic transition in a great industry.”
Russell Wintner, president and
COO of AccessIT’s
Digital Media division, added: “As our company takes
another giant step forward with its recently announced
major exhibitor agreements for deploying digital systems,
it’s critically important that we have seasoned professionals
with proven experience working with our studio and exhibitor
partners. Attracting someone with the broad and deep
background and credentials of Brad Carroll is a big
plus for AccessIT.”
Mr. Carroll earned a BS in Business
Administration from Bryant College with a minor in Film
from NYU Tisch School of the Arts and a Masters in Business
Administration from Pepperdine University.
AccessIT's
Christie/AIX unit
serves as the funding vehicle and administrator for
the company's 4,000-screen digital cinema rollout plan
expanded significantly from the total originally announced
in June 2005. Christie/AIX will act as the financing
intermediary between content-owners -- major studios
and independent distributors, among others -- and exhibitors
who will receive turnkey, DCI-compliant Digital Cinema
systems including 2K projectors and related hardware
and software.
Access Integrated Technologies,
Inc. (AccessIT) is
an industry leader in offering a fully managed storage
and electronic delivery service for owners and distributors
of digital content to movie theaters and other venues.
Supported by its robust platform of fail-safe Internet
data centers, AccessIT is
able to leverage the market-leading role of its Theatrical
Distribution System (TDS) with its innovative digital
delivery capabilities and in-theatre software systems
to provide the highest level of technology available
to enable the emerging Digital Cinema industry to transition
from film without changing workflows. For more information
on AccessIT, visit www.accessitx.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.
This press release is not an offer
to sell or a solicitation of an offer to buy, nor shall
there be any sale of, securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities
laws of any such state or jurisdiction.
# # #
Suzanne Tregenza Moore
Access Integrated Technologies, Inc.
973.290.0080
smoore@accessitx.com
www.accessitx.com
Michael Glickman
The Dilenschneider Group (212) 922-0900
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