(Toronto, ON) ARHT Media Inc. (“ARHT” or the “Company”) (TSX-V: ART), creators of digital human holograms called HumaGrams™ announced today that it has granted a total of 2,500,000 options to various directors, officers, consultants and employees under the stock option plan of the Company. The options are exercisable at a price of $0.74 per option and shall expire on February 20, 2023. The options shall vest in three equal tranches, with the first tranche vesting on the date of grant, the second tranche vesting on February 20, 2019 and the third tranche vesting on February 20, 2020, all subject to a four month regulatory hold period. The grant of options remains subject to regulatory approval.
ARHT Media Inc. was co-founded in 2012, by Rene Bharti, Paul Duffy, and entertainer Paul Anka (Chairman, Board of Advisors). ARHT’s team brings decades of experience from fields including entertainment, technology, marketing and finance. Advisors to the Company include the likes of Larry King, Jason Bateman, Richard “Skip” Bronson, Michael Bublé, Carlos Slim, Irving Azoff and Kevin O’Leary. 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 Toronto Venture Stock Exchange.
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This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, 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 HumaGram™ technology; the development of the Company’s technology; and the grant of stock options. 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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