(Toronto, ON – May 12, 2017) ARHT Media Inc. (“ARHT” or the “Company”) (TSX-V: ART), creators of digital human holograms called HumaGrams™ announced today that Kevin Silver will be joining its management team as the company’s Global Director of Operations.
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, known as HumaGrams™. ARHT’s HumaGram™ technology can be transmitted live in one, or multiple locations, as well as pre-recorded for use over time. The content can also be integrated into AR & VR compatible devices. ARHT’s patented technology provides latency up to four times lower than the industry standard satellite transmission which is essential to providing an audience with a realistic, live, holographic experience.
The hiring of Mr. Silver will add to AHRT’s focus on organizing and developing its employees into a team that will deliver outstanding service to all current and future customers. Mr. Silver comes from Macquarie Bank Ltd. where he served in several operational and business development roles for the company’s Corporate and Asset Finance Group. During his career, Mr. Silver facilitated sizeable transactions across all major sectors and industries including education, healthcare, legal and technology.
As part of the management team at AHRT, Kevin will oversee the execution of all operational procedures and deliver key strategic initiatives across the Company. With offices in Hong Kong, London, Los Angeles and China, Kevin will be tasked with leading and driving continuous improvement of all operations globally for the growing company.
“I am excited to start a new challenge within AHRT and look forward to working with the team here to further develop their already extensive product and service suite,” said Mr. Silver. “The future for AHRT Media is bright and I am thrilled to be part of it.”
The Company also reports the granting of 500,000 options to a director under the stock option plan of the Company. The options are exercisable at a price of $0.14 per option and shall expire on April 26, 2022. The options shall vest quarterly over a period of one year, all subject to the 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 (Chairman), Paul Duffy (CEO), 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; the hiring of a new Director of Operations; the granting of stock options; and how the Company’s technology will impact the speaking marketplace. 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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