(Part 2)
VISUAL MEDIA APPLICATIONS
Light Management Group Inc. operating division Laser Show Systems
(LSSC)
developed and now commercially delivers acousto-optical digital
projection
devices. The equipment laser projects full motion color digital
PC output
from 200 meters to an outdoor billboard. This acousto-optical
technique has
earned merited recognition worldwide. The projection device
demonstrates
visually the optical-acoustic digital projection technique to be
applied to
the outdoor industry, but also most applications of laser
operation within
telecommunications, bio-medical, aerospace, manufacturing and
entertainment
venues.
The LSSC laser projector uses no moving parts. Light is bent into
the
desired image shape using sound (high frequency radio waves).
This process,
called Acousto-Optic Deflection, enables the laser projector to
move at a
speed roughly 7 to 10 times faster than traditional laser
projection
systems. Significantly, up to ten times the amount of information
and detail
can be projected in the same duration when compared to
traditional
projector, allowing the projection of images composed of highly
detailed
graphics or animation, at quality approaching that of video.
The Laser Show Systems Division is already profitable, even
though
commercialization of its technology is only in its infancy. Light
Management Group Inc. reported a consolidated net profit of
$50,587 on
consolidated revenue of $904,122 for the quarter ended June 30,
1999. EBITDA
(earnings before interest, taxes, depreciation and amortization)
for this
quarter was $167,894, or $0.012 per share.
Furthermore, the company has accumulated a backlog of orders for
its outdoor
projection equipment of $22 million. A recently announced
financing program
will allow this division to accelerate the expansion of
manufacturing and
production facilities to accommodate the demand for product.
Light Management Group Inc. recently announced that the operating
subsidiary
Lasershow Systems (Canada) Ltd. has reached a definitive
agreement with DJL
Capital Corporation for up to $75 million US operating financing
for the
deployment of it's billboard projection systems. The funding will
be
advanced in three phases, beginning in August of this year and to
be
completed by Spring 2000.
Over the last several months, Lasershow has been in discussions
with several
major providers of sign locations in 50 major markets in North
America. With
this financing in place, the company expects to complete final
contractual
arrangements for strategic partnerships and the deployment of
Laser
Projection systems hardware with several parties in the outdoor
media
marketplace.
Exclusive Advertising Inc., another wholly owned division of
Light
Management, maintains 3,000 media poster faces and 1,800 digital
display
units serving 4.9 million consumers in the 8,000 square kilometer
service
area served by GO Transit. GO Transit carries 28 million
passengers on
their trains per year. Exclusive recently completed the
installation of two
digital display boards in each of the GO Transit fleet of 300
rail cars.
This unique and dynamic electronic display media complements the
existing
poster media which together offer the advertisers the opportunity
to capture
audience attention, understand product features and respond in
this highly
captive environment. |
