Strong Technical Services Facilitates Technology Renovation of Historic Prytania Theater in New Orleans
March 30 2023 - 8:30AM
FG Group Holdings Inc. (NYSE American: FGH) (the “Company” or
“FG Group Holdings”) today announced that Strong Technical Services
has delivered the latest in cinema projection and sound technology
to the Prytania Theatre, a historic landmark in New Orleans, with
the installation of 4K laser digital projection and Dolby Atmos
immersive audio powered by Meyer Sound cinema series loudspeakers.
Travis Henning, Director of Sales for Strong
Technical Services, commented, “The Prytania Theatre is deeply
rooted in both the city of New Orleans and vintage cinema, having
operated as a neighborhood movie house since it first opened its
doors in 1914. We are pleased to assist the Prytania in these
technology upgrades to provide moviegoers with the very best
cinematic experience powered by Meyer Sound, while also maintaining
the important history and personality that so many people have
appreciated over the theater’s 100-plus years of continuous
operation.”
“Our customers trust Strong Technical Services
to complete these technical projects and recommend the applicable
hardware,” commented Blake Titman, Senior Vice President and
General Manager. “Our team has the knowledge, experience, and reach
to deliver immersive audio-visual solutions.”
About FG Group Holdings Inc.
FG Group Holdings Inc. (https://fg.group/) is a
diversified holding company with operations and holdings across a
broad range of industries. The Company’s Strong Entertainment
segment is the largest premium screen supplier in North America,
provides technical support services and related products and
services to the cinema exhibition industry, and recently launched
its studio operations to produce content for streaming and other
entertainment outlets. FG Group Holdings also holds equity stakes
in Firefly Systems, Inc., GreenFirst Forest Products Inc. (TSX:
GFP), and FG Financial Group, Inc. (Nasdaq: FGF), as well as real
estate through its Digital Ignition operating business.
About Fundamental Global®
Fundamental Global® is a private partnership focused on
long-term strategic holdings. Fundamental Global® was co-founded by
former T. Rowe Price, Point72 and Tiger Cub portfolio manager Kyle
Cerminara and former Chairman and CEO of TD Ameritrade, Joe Moglia.
Its current holdings include FG Financial Group Inc. (Nasdaq:FGF),
(NASDAQ: FGFPP), FG Group Holdings Inc. (NYSE American:FGH), BK
Technologies Corp. (NYSE American:BKTI), GreenFirst Forest
Products, Inc. (TSX:GFP), FG Merger Corp. (Nasdaq:FGMC), FG
Acquisition Corp. (TSX:FGAA), OppFi Inc., Hagerty Inc., and FG
Communities, Inc.
The FG® logo is a registered trademark of Fundamental
Global®.
Forward Looking Statements
In addition to the historical information included herein, this
press release includes forward-looking statements, which involve a
number of risks and uncertainties, including but not limited to
those discussed in the “Risk Factors” section contained in Item 1A
in the Company’s Annual Report on Form 10-K for the year ended
December 31, 2022 filed with the SEC on March 16, 2023, and the
following risks and uncertainties: the Company’s ability to
maintain and expand its revenue streams to compensate for the lower
demand for the Company’s digital cinema products and installation
services; potential interruptions of supplier relationships or
higher prices charged by suppliers; the Company’s ability to
successfully compete and introduce enhancements and new features
that achieve market acceptance and that keep pace with
technological developments; the Company’s ability to successfully
execute its capital allocation strategy or achieve the returns it
expects from these holdings; the Company’s ability to maintain its
brand and reputation and retain or replace its significant
customers; challenges associated with the Company’s long sales
cycles; the impact of a challenging global economic environment or
a downturn in the markets; the effects of economic, public health,
and political conditions that impact business and consumer
confidence and spending, including rising interest rates, periods
of heightened inflation and market instability, the outbreak of any
highly infectious or contagious diseases, such as COVID-19 and its
variants or other health epidemics or pandemics, and armed
conflicts, such as the ongoing military conflict in Ukraine and
related sanctions; economic and political risks of selling products
in foreign countries (including tariffs); risks of non-compliance
with U.S. and foreign laws and regulations, potential sales tax
collections and claims for uncollected amounts; cybersecurity risks
and risks of damage and interruptions of information technology
systems; the Company’s ability to retain key members of management
and successfully integrate new executives; the Company’s ability to
complete acquisitions, strategic investments, entry into new lines
of business, divestitures, mergers or other transactions on
acceptable terms, or at all; the impact of economic, public health
and political conditions on the companies in which the Company
holds equity stakes; the Company’s ability to utilize or assert its
intellectual property rights, the impact of natural disasters and
other catastrophic events, whether natural, man-made, or otherwise
(such as the outbreak of any highly infectious or contagious
diseases, or armed conflict); the adequacy of the Company’s
insurance; the impact of having a controlling stockholder and
vulnerability to fluctuation in the Company’s stock price. Given
the risks and uncertainties, readers should not place undue
reliance on any forward-looking statement and should recognize that
the statements are predictions of future results which may not
occur as anticipated. Many of the risks listed above have been, and
may further be, exacerbated by the impact of economic, public
health (such as a resurgence of the COVID-19 pandemic) and
political conditions (such as the military conflict in Ukraine)
that impact consumer confidence and spending, particularly in the
cinema, entertainment, and other industries in which the Company
and the companies in which the Company holds an equity stake
operate, and the worsening economic environment. Actual results
could differ materially from those anticipated in the
forward-looking statements and from historical results, due to the
risks and uncertainties described herein, as well as others not now
anticipated. New risk factors emerge from time to time and it is
not possible for management to predict all such risk factors, nor
can it assess the impact of all such factors on our business or the
extent to which any factor, or combination of factors, may cause
actual results to differ materially from those contained in any
forward-looking statements. Except where required by law, the
Company assumes no obligation to update forward-looking statements
to reflect actual results or changes in factors or assumptions
affecting such forward-looking statements.
Investor Relations Contacts
Mark
Roberson |
John Nesbett /
Jennifer Belodeau |
FG Group Holdings Inc. - Chief Executive Officer |
IMS Investor Relations |
(704) 994-8279 |
(203) 972-9200 |
IR@fg.group |
fggroup@imsinvestorrelations.com |
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