TORONTO, March 05, 2018 (GLOBE NEWSWIRE) -- ARHT Media Inc. (“ARHT” or “the Company”) (TSXV:ART), a global
leader in the development, production and distribution of high quality hologram content through its patented Augmented Reality
Holographic Telepresence technology, is pleased to announce the appointment of Mr. William Connell Steers as independent
non-executive Chairman of the Company effective immediately. Mr. Steers will replace Mr. Rene Bharti who will remain a director of
the Company.
Mr. Steers brings to the Company over 40 years of international business development and management experience.
While resident in Rio de Janeiro, he was a Director and senior manager of Docas Investimentos, a Brazilian controlled investment
group involved in real estate, ship building, telecoms and more recently, oil and gas. He is a partner at IMC Consultoria
Representacao Com. Int. Ltda. that among other activities, successfully introduced IMAX to Brazil. Mr. Steers is
an Independent Director of Brazilian oil and gas producer Petro Rio and Toronto based Lara Exploration Ltd. Formerly, Managing
Partner at Weatherhaven Brasil (private manufacturer of temporary shelters). Mr. Steers holds an Honors BA from the Richard
Ivey School of Business at Western University.
As a result of these changes, effective immediately, Mr. Paul Duffy and Mr. Jeff Craib have resigned from the
board of directors. Mr. Duffy will remain a consultant to the Company and committed to the future growth and success of the
business.
Going forward, ARHT’s board of directors will comprise of:
- William Connell Steers – Chairman
- Larry O’Reilly – Director and CEO
- Rene Bharti – Director and Co-Founder
- Simon Leung - Director
- Ben Mulroney – Director
About ARHT Media
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™. The company's technology is
protected by U.S. Patent No. 9,581,962.
Connect with ARHT Media
Twitter: http://www.twitter.com/ARHTmedia
Facebook: http://www.facebook.com/ARHTmediainc
LinkedIn: http://www.linkedin.com/company/arht-media-inc-
For more information, please visit http://www.arhtmedia.com/ or contact the investor relations group at info@arhtmedia.com.
ARHT Media trades under the symbol “ART” on the Toronto Venture Stock Exchange.
ARHT Media Investor Contact:
Ali Mahdavi
am@spinnakercmi.com
ARHT Media Press Contact
Salman Amin
samin@arhtmedia.com
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 changes to directors of 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.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF
THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
