Toronto, ON – NetDragon Websoft Holdings Limited (“NetDragon”) (Hong Kong Stock Code: 777), a global leader in building Internet communities, and ARHT Media Inc. (“ARHT” or the “Company”) (TSX.V: ART), the creator of the most believable and interactive human holograms (“HumaGram™” or “HumaGrams™”) would like to share a recent interview with Dr. Simon Leung, Vice Chairman and Executive Director of NetDragon who appeared on CNBC on Sunday July 31st 2016.
With the Pokémon Go phenomena becoming a global force bringing Augmented Reality (AR) into the forefront, Dr. Leung discusses NetDragon’s growing focus on investment in the Augmented Reality sector and stated that he is “very happy because the industry is finally catching on with this wonderful technology they call Augmented Reality.” NetDragon has bet their future on AR, as the industry is expected to reach a hundred billion dollars in the next four years, and is expanding the technology’s use from everything from gaming to education and even mobile marketing. Leung wants to take the technology even further, by using ARHT’s technology to transport people into different spaces. During the interview Dr. Leung highlighted how they used ARHT’s technology to Holo-Port a HumaGram of talk show host Larry King from LA to Hong Kong earlier this year to announce a strategic partnership between our two companies.
NetDragon is a major shareholder in ARHT and together have a joint venture in Asia that includes a multi-year exclusive license of ARHT’s technology as well as a license of NetDragon’s mobile-focused community, instant messaging and app store technologies. NetDragon will unlock a network of opportunities for the use of HumaGrams™, and its supporting technologies to millions of people in China, India and other countries in the Asia Pacific region.
About NetDragon Websoft Holdings Limited
NetDragon Websoft Holdings Limited (HKSE: 0777) is a global leader in building Internet communities. Established in 1999, NetDragon is a vertically integrated, cutting-edge R&D powerhouse with a highly successful track record which includes the development of flagship MMORPGs such as Eudemons Online and Conquer Online, China’s number one online gaming portal, 17173.com, and China’s most influential smartphone app store platform, 91 Wireless, which was sold to Baidu in 2013 in what was at the time the largest Internet M&A transaction in China. Being China’s pioneer in overseas expansion, NetDragon also directly operates a number of game titles in over 10 languages internationally since 2003. In recent years, NetDragon has emerged as a major player in the global online and mobile learning space as it works to leverage its mobile Internet technologies and operational know-how to develop a game-changing learning ecosystem. For more information, please visit www.netdragon.com.
About ARHT Media
ARHT Media Inc. creates HumaGrams™, the most believable and interactive human holograms. HumaGrams™ are generated using patent-pending Augmented Reality Holographic Technology (ARHT™), which is a scalable, repeatable and transportable form of 3D without the use of special glasses. This unique platform makes it possible for people to engage with HumaGrams™, opening up a wide range of applications from interactive retail displays, tradeshow booths, presentations, live shows and concerts. The various can be integrated into multiple forms of proximity and mobile marketing tactics to connect with an audience, drive sales efforts and create memorable experiences.
ARHT Media Inc. was co-founded in 2012, by Rene Bharti (Chairman), and entertainer Paul Anka (Chairman, Board of Advisors). The company is supported by a diverse and seasoned Management team spearheaded by its CEO Paul Duffy, a global entrepreneur and creator of the Digital Human Experience in online, mobile and holographic communications. ARHT 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, Dr. Simon Leung and Kevin O’Leary.
ARHT Media trades under the symbol ART on the Toronto Venture Stock Exchange and the OTCQB Exchange under the symbol ARHTF.
Investor Relations, Pinnacle Capital Markets Ltd.
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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, statements with respect to the interview on CNBC; any of the content contained in the interview; the future of the augmented reality market; potential uses of ARHT’s technologyand the future business opportunities being pursued by the Company. 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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