TORONTO, ONTARIO — (Marketwired) — 06/03/15 — ARHT Media Inc. (the “Company” or “ARHT”) (TSX VENTURE: ART)(OTCQB: ARHTF), creators of digital human holograms called HumaGrams, reports that it was approved for a $350,000 term loan facility to finance the acquisition of fixed assets. The loan bears interest at Royal Bank of Canada–s prime rate plus a 3% margin, is subject to a one-time 2% issuance fee, has a five year term with monthly payments and is secured by a general security agreement covering all the assets of the Company and an $87,500 guaranteed investment certificate. The loan can be repaid in full at any time without penalty.
The Company also announces that it has granted a total of 550,000 options to various consultants under the stock option plan of the Company. The options are exercisable at $0.42 per option and shall expire on June 3, 2020. The options shall vest immediately subject to the four month regulatory hold period. The grant of options remains subject to regulatory approval.
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 Buble, Carlos Slim, Irving Azoff 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.
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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 term loan or the grant of options. 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.
Contacts:
ARHT Media Inc.
Investor Relations
ARHT Media Inc.
Marilia Bento
Managing Director – Strategic Development
1-800-490-9210
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