TORONTO, April 16, 2021 (GLOBE NEWSWIRE) -- ARHT Media Inc. ("ARHT" or "the Company") (TSXV:ART), the global leader in the development, production and distribution of high-quality, low latency hologram and digital content, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2020.

2020 Financial Update

2020 Business Updates

2021 Subsequent Events

“The Covid-19 pandemic and its associated impact made 2020 a challenging year for ARHT Media limiting our ability to interact with clients which in turn delayed our sales cycle,” commented Larry O’Reilly Chief Executive Officer of ARHT Media. “However, our impactful and best-in-class HoloPresence™ technology allowed us to generate repeat business from a number of high-profile clients as well as win new business from other Fortune 500 companies and global players. Our Virtual Global Stage™ presentation continues to be extremely popular as the demand for hybrid events continues to increase and the launch of our HoloPod has been well-received with units already deployed to Toronto, Singapore, the United States and Germany in addition to ongoing proposals to several new and existing clients. With this increase in demand, we have significant momentum heading into the second quarter of 2021 and I am confident the strides we made in the second half of 2020 and in the first quarter of this year have positioned ARHT Media for substantive growth in 2021 and beyond.”

About ARHT Media 
ARHT Media's patented HoloPresence technology is a complete end-to-end solution that creates a sense of presence for audiences – as though the holographic presenter was actually live in the room. With no noticeable latency, ARHT Media makes two-way live communication with a 3D holographic presenter anywhere in the world possible. We can also playback pre-recorded content and 3D animations on our HoloPresence displays to deliver rich holographic experiences. Add to this our capability to stream the same content online on our premium Virtual Global Stage™.

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 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.

Press Contact
Salman Amin
ARHT Media
samin@arhtmedia.com 

Investor Contact
Phil Carlson
KCSA Strategic Communications
212-896-1233
ARHT@kcsa.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, disclosure related to the Company's sales funnel; 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 ARHT Media technology; the development of the Company's technology; and interest from parties in ARHT's products. 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.

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