Business & Finance
Business and Finance
Business and Finance
Wed, March 16, 2011 D-BOX Technologies'; first Commercial Theatre in Hong-Kong with Orange Sky Golden Harvest Entertainment Company
LONGUEUIL, QC, March 16 /CNW Telbec/ - D-BOX Technologies Inc. (TSXV: DBO.A), a leader in innovative motion technology announced today a first agreement with Orange Sky Golden Harvest Entertainment Company to install 19 D-BOX MFX Seats at one of their prime Hong-Kong location. This transaction marks the first sale of D-BOX MFX Seats in Hong Kong and will generate as well, licensing fees payable to D-BOX in accordance to the systems' utilization. This installation will add to D-BOX's presence in Asia as 31 motion systems are already installed at two different sites in Japan.
"It's very exciting to further expand in Asia with Orange Sky Golden Harvest Entertainment Company," declared President and CEO of D-BOX Technologies, Claude Mc Master. "With this breakthrough into a new and promising international marketplace, we look forward experiencing the same success and growth as we have elsewhere in the world. Furthermore, Orange Sky Golden Harvest Company's vertical integration as a movie producer and their presence in several other Asian regions such as; Mainland China, Taiwan and Singapore also represents very interesting growth opportunities for D-BOX. "
"We are very pleased about our alliance with D-BOX. Since the opening of its first cinema, Orange Sky Golden Harvest has been devoted to providing the best and only the best for its patrons. We look forward to launching D-BOX MFX Seats with flying colors and achieving a win-win relationship between us and D-BOX", said Kelvin Wu, Chief Executive Officer of Orange Sky Golden Harvest Entertainment Company.
Following this announcement, D-BOX has signed for 66 screens in North-America, Europe and Asia. For a complete listing of theatres offering the D-BOX experience and a guide to new movies, visit [ www.d-box.com ]
About Golden Harvest Cinemas
Orange Sky Golden Harvest, previously known as Golden Harvest, is one of Asia's best known and most influential film and entertainment companies. Listed on the Stock Exchange of Hong Kong since 1994, Orange Sky Golden Harvest currently operates 29 cinemas with 229 screens across Hong Kong, China, Singapore and Taiwan, commanding a substantial share of the film exhibition and distribution markets in Asia. Orange Sky Golden Harvest has produced over 450 films and nurtured movie legends such as Bruce Lee and Jackie Chan. The company is also the distributor of countless successful films in both Chinese and foreign languages.
Orange Sky Golden Harvest Entertainment Company, Hong Kong is one of the major movie theatre companies in Hong Kong founded by eminent film producers, Leonard Ho Koon Cheung and Raymond Chow.
About D-BOX
D-BOX Technologies designs and manufactures leading edge technology motion systems mainly suited to the needs of the entertainment industry. With its unique, patented technology, D-BOX Motion CodeTM, uses motion effects specifically programmed for each film, TV series or video game, which are sent to a motion generating system integrated within either a platform or a seat. The resulting motion is perfectly synchronized with all onscreen action, creating an unmatched realistic, immersive experience. To date, major Hollywood Studios have D-BOX Motion CodeTM available on feature films, DVDs and Blu-raysTM. By reaching agreements with the leaders of both the motion picture and gaming industries, D-BOX's award-winning motion technology is gradually proving itself as a new global standard in the entertainment world. D-BOX is a publicly traded company listed on the TSX Venture exchange under the symbol DBO.A. For further information please see [ www.d-box.com ]
D-BOX(R) is a registered trademark and D-BOX Motion CodeTM is a trademark of D-BOX Technologies Inc. Other names are for informational purposes only and may be trademarks of their respective owners.
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