AFTC.(PR NEWSWIRE) Pioneer of Colorization, Dr. Sandrew Elected to American Film T
Pioneer of Colorization, Dr. Sandrew Elected to American Film Technologies
Board
NEW YORK, July 26 /PRNewswire/ -- American Film Technologies, Inc.
(OTC Bulletin Board: AFTC) and www.aftmedia.com, has announced the election of
Barry B. Sandrew, Ph.D., an original founder of AFT and inventor of AFT's core
technology, to its Board of Directors and its Executive Committee.
In announcing the appointment, Fred Rudy, AFT's President & CEO said,
"AFT is fortunate to have attracted Dr. Sandrew back to AFT in this capacity.
We view Barry as the father of colorization since he was responsible for our
original systems and patents. His comprehensive knowledge of AFT's production
systems and technology are invaluable as the Company builds out its new design
and production studios and looks to recruit top technical, creative and
management talent. Under Barry's direction, AFT was the low-cost, high-volume
producer of modernized classic content and, with recent advances in
technology, we expect our new facilities to generate significantly higher
quality output at a lower cost. We believe these enhancements will drive AFT
toward new opportunities, capturing its full potential as a producer, owner
and distributor of quality classic entertainment content."
As Executive Vice President and Chief Technology Officer of AFT from 1986
to 1993, Sandrew established a client base that included Walt Disney Studios,
Warner Brothers Animation, 20th Century Fox, MGM, Universal Pictures, Amblin
Entertainment, Turner Broadcasting Systems, Republic Pictures, Marvel
(PR NEWSWIRE) Pioneer of Colorization, Dr. Sandrew Elected to American Film T
Pioneer of Colorization, Dr. Sandrew Elected to American Film Technologies
Board
NEW YORK, July 26 /PRNewswire/ -- American Film Technologies, Inc.
(OTC Bulletin Board: AFTC) and www.aftmedia.com, has announced the election of
Barry B. Sandrew, Ph.D., an original founder of AFT and inventor of AFT's core
technology, to its Board of Directors and its Executive Committee.
In announcing the appointment, Fred Rudy, AFT's President & CEO said,
"AFT is fortunate to have attracted Dr. Sandrew back to AFT in this capacity.
We view Barry as the father of colorization since he was responsible for our
original systems and patents. His comprehensive knowledge of AFT's production
systems and technology are invaluable as the Company builds out its new design
and production studios and looks to recruit top technical, creative and
management talent. Under Barry's direction, AFT was the low-cost, high-volume
producer of modernized classic content and, with recent advances in
technology, we expect our new facilities to generate significantly higher
quality output at a lower cost. We believe these enhancements will drive AFT
toward new opportunities, capturing its full potential as a producer, owner
and distributor of quality classic entertainment content."
As Executive Vice President and Chief Technology Officer of AFT from 1986
to 1993, Sandrew established a client base that included Walt Disney Studios,
Warner Brothers Animation, 20th Century Fox, MGM, Universal Pictures, Amblin
Entertainment, Turner Broadcasting Systems, Republic Pictures, Marvel
Entertainment, the three major US television networks, Gaumont, TF1 and other
entertainment companies in the US and Europe. Through AFT's process, these
customers realized substantial gains, including asset appreciation, new
copyrights and distribution benefits derived through colorizing their content.
Today, rather than focusing on services for others, AFT has redirected its
business strategy to build its own irreplaceable library of classic
entertainment content for distribution through traditional and "new media"
channels, including the Internet, cable TV, broadcast, satellite, direct
response marketing, video clubs and DVD & VHS sales/rentals.
Commenting on his new position Dr. Sandrew stated, "I'm excited about the
opportunity of teaming with Jeff Yapp, President of Hollywood Entertainment,
on the Executive Committee in steering AFT into a premier producer of quality
programming for a new generation of distribution channels that includes
broadband, high-definition and interactive media. As demand for content
continues to grow throughout the world from traditional and digital platforms,
this becomes the most exciting time to be rebuilding AFT. The recruitment of
management and industry acclaimed technical and creative talent has begun and
the Company is actively forging ahead with strategic content and distribution
alliances."
Since leaving AFT in 1993, Dr. Sandrew has been involved in several
startup companies including The Lightspan Partnership, which he co-founded
that same year. In 1998 he was instrumental in the redirection of
entertainment company, IATR, into an innovative Internet company, Netcurrents.
Barry is currently President of Global Media Technology, Inc., a wholly owned
subsidiary of eSAT, Inc. GMT is engaged in the development of leading-edge
kiosk systems that are updated via satellite for global retail music and movie
distribution. The company is also working with major video retailers and
movie theater chains on an eCinema initiative designed to revitalize low
performing screens via satellite distribution.
About American Film Technologies, Inc.
Historically, AFTC's principal business has been the production of color
versions of motion pictures and television programs originally produced in
black and white. Today, the company intends to utilize its patented
technology to restore, modernize and preserve classic films and TV shows while
building and distributing its own irreplaceable library of proven content.
This new content will provide a platform for AFTC to generate licensing fees,
advertising and e-commerce revenue from a variety of sources, including
broadcast, cable, DVD, VHS, and all emerging digital and broadband
distribution channels.
Private Securities Litigation Reform Act of 1995 provides a "safe harbor"
for forward-looking statements. Certain information included in this Press
Release (as well as information in oral statements or other written statements
made or to be made by American Film Technologies, Inc.) contain statements
that are forward-looking, such as statements relating to the future
anticipated direction of the company, plans for future expansion, various
business development activities, planned capital expenditures, future funding
sources, anticipated sales growth, and potential contracts and joint ventures.
Such forward-looking information involves important risks and uncertainties
that could significantly affect anticipated results in the future and,
accordingly, such results may differ from those expressed in any
forward-looking statements made by or on behalf of the Company. For more
information about these and other risks and uncertainties, see the SEC filings
of American Film Technologies, Inc.
For additional information, please contact: American Film Technologies,
Inc. at 212-572-6370 or www.info@aftmedia.com.
SOURCE American Film Technologies, Inc.
-0- 07/26/2000
/CONTACT: American Film Technologies, Inc., 212-572-6370/
/Web site: aftmedia.com
(AFTC)
CO: American Film Technologies, Inc. |
