ARHT Media Announces Subscription Bundles To Drive Accelerated Recurring Revenues Powered by the ARHT Engine Software
TORONTO, July 17, 2020 (GLOBE NEWSWIRE) — ARHT Media Inc. (“ARHT” or “the Company”) (TSXV:ART), is the global leader in the development, production and distribution of high-quality, low latency hologram and digital content. ARHT is pleased to announce that it is now offering Subscription Bundles that are based on the volume of transmissions that a subscriber requires. The Bundles will lower the per-use cost to the end user and are expected to dramatically increase adoption of the Company’s software platform. The Subscription Bundles can be used to transmit presenters, using the ARHT Engine software, for either in-person hologram events and meetings or for online meetings and events that take place on the Virtual Global StageTM.
Pricing for ARHT’s Holopresence Transmission Bundles are as follows:Bundle 5 – will cost US$15,000 and will include 5 transmissions for the price of 3.Bundle 10 – will cost US$25,000 and will include 10 transmissions for the price of 5.Bundle Unlimited – will cost US$40,000 and will include an unlimited number of transmissions over a 12-month period, per ARHT Engine. Subscribers will have the ability to select any Bundle and then also upgrade their Bundle if their needs change, within a 12-month period.“We continue to focus on driving down the per-use costs of our software platform to make it more accessible to a much bigger audience,” commented ARHT CEO Larry O’Reilly, “We have shifted our pricing to incentivise enterprise clients, as well as event production companies, to use our platform in the normal course of their every day business.”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.Connect with ARHT Media
Twitter: http://www.twitter.com/ARHTmedia
Facebook: http://www.facebook.com/ARHTmediainc
LinkedIn: http://www.linkedin.com/company/arht-media-inc-For more information, please visit www.arhtmedia.com or contact the investor relations group at info@arhtmedia.com.ARHT Media trades under the symbol “ART” on the Toronto Venture Stock Exchange.Press Contact
Salman Amin
ARHT Media
samin@arhtmedia.comThis 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.NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
