LOS ANGELES, Nov. 20, 2008 (GLOBE NEWSWIRE) -- In an interview, John Wilmers, CEO of Ballantyne of Omaha Inc. (BTN), said the company is very liquid and poised for growth, as the cinema industry converts from analog to digital to reduce costs, increase efficiency and increase revenue.
Ballantyne of Omaha provides digital cinema and film-based projection equipment and services, cinema screen technologies and specialty lighting equipment.
INTERVIEW HIGHLIGHTS
"Ballantyne is selling at 54% of tangible book value, is very liquid, is running at an annual revenue rate of $50 million per year based on September quarter's results, and appears poised for growth based on the near-term industry conversion to digital from analog," according to the interviewer.
The interview is available at PrecisionIR/Vcall, http://www.investorcalendar.com/IC/ClientPage.asp?ID=137964&CID= and is based on this interview fact sheet. http://www.gaskinsco.com/linkto-btn.shtml
About Ballantyne of Omaha
http://www.ballantyne-omaha.com/
Ballantyne is a provider of motion picture projection, digital cinema projection, cinema screen technology and specialty lighting equipment and services. The Company supplies major theater chains, top arenas, television and motion picture production studios, theme parks and architectural sites around the world. For more information, visit www.ballantyne-omaha.com.
Except for the historical information in this press release, it includes forward-looking statements that involve risks and uncertainties, including but not limited to, quarterly fluctuations in results; customer demand for the Company's products; the development of new technology for alternate means of motion picture presentation; domestic and international economic conditions; the management of growth; and other risks detailed from time to time in the Company's Securities and Exchange Commission filings. Actual results may differ materially from management's expectations.