AFTC American Film Technologies Signs Public Relations Pact With The Blaine
Group
NEW YORK, Aug 2, 2000 /PRNewswire via COMTEX/ -- American Film Technologies,
Inc. (OTC Bulletin Board: AFTC) (www.aftmedia.com), today announced that it has
retained The Blaine Group, Inc., of Beverly Hills, CA as its public relations
and investor relations agency.
The Blaine Group is developing and implementing a comprehensive corporate and
financial public relations campaign for American Film Technologies including
media and investor relations, corporate branding, and technical outreach where
the entertainment and media industries are concerned.
"Establishing our relationship with The Blaine Group is one in a series of
commitments which underscores AFTC's determination to continue as the industry
leader in the colorization and restoration of motion pictures and television
programming," noted Fred Rudy, CEO of American Film Technologies. "The Blaine
Group will also support the redirection of our business strategy to build AFT's
own irreplaceable library of classic entertainment content for distribution
through traditional and 'new media' channels including the Internet, cable
television, broadcast, satellite, direct response marketing, video clubs, and
DVD and VHS sales/rentals," he concluded.
AFT has brought in an entirely new, world-class management team with a profile
that builds on the best of AFT's past success in production management and
technology while enhancing the Company's future with advanced technology,
creative design, media distribution and marketing expertise.
On July 5, it was announced that Jeffrey B. Yapp, President of Hollywood
Entertainment Corporation, and former President Worldwide of 20th Century Fox
Home Entertainment, had been elected to AFT's board of directors and as chairman
of its executive committee.
On July 18, it was announced that Barry B. Sandrew, Ph.D., an original founder
of AFT and inventor of AFT's core technology, "the pioneer of colorization," had
joined the company's board of directors and its executive committee.
On July 20, AFT announced that Michael Southard, a renowned designer and the
creative genius behind "Pleasantville," joined the company as Senior Vice
President and Creative Director.
Subsequently, on July 31, AFT announced that Lem Davis, the Academy Award
winning technical innovator that was instrumental in revolutionizing the digital
production of animated feature films for Disney, Amblin and Warner Bros joined
the Company as Senior Vice President and Chief Technology Officer.
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.
Contact: Joyce Brubaker or Devon Blaine, both of The Blaine Group, Inc.,
310-360-1499, fax 310-360-1498, blaine@pacificnet.net.
SOURCE American Film Technologies, Inc.
CONTACT: Joyce Brubaker or Devon Blaine, both of The Blaine Group, Inc.,
310-360-1499, fax 310-360-1498, blaine@pacificnet.net, for American Film
Technologies, Inc. |
