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Ballantyne Strong's CEO Discusses Q3 2011 Results - Earnings Call Transcript

Stocks in this article: BTN

Our service team is also providing Marcus with our after-care program, featuring annual maintenance and 24/7 NOC Monitoring by our technicians who are based in the state-of-the art facility located in our corporate headquarters here in Omaha.

Another important recent development subsequent to the third quarter was Ballantyne’s appointment as a reseller of Barco’s full line of digital cinema equipment. We are truly delighted to joint their team. In our view, this further enhances Ballantyne’s reputation as the leading provider of one-stop turnkey cinema solutions backed by 80 years of experience catering to worldwide exhibition community.

Taking an updated look at the domestic cinema industry, Q3 was another solid Box Office period with receives up 5.5% compared to the year earlier quarter. Transformers 3 and Harry Potter 7 Part 2 led the way and were currently – they are the two top performing titles thus far in 2011. With the Thanksgiving through year and holiday period is set to kickoff in just a few short weeks.

Many industry follows are forecasting Q4, Box Office results especially when compared to last year somewhat disappointing results. Part 1 of Twilight Saga final (inaudible) including the traditional midnight and early AM showings. Other coming attractions include sequels of popular movie franchises such as Alvin and the Chipmunks, Sherlock Holmes and Machine Impossible. Also opening prior to year-end is The Girl with the Dragon Tattoo based on the best selling novel, and two from Spielberg, The Adventures of Tintin, which is a three-day debut and War Horse.

We just returned from ShowEast the cinema industry’s tradeshow in Florida and we are very encouraged with the customer response to our new agreement with the digital cinema manufacture Bacro. We are also seeing some positive momentum on the financing front as Hollywood studios and distributors are actively pushing movie exhibitors towards the late 2012 deadline for going digital, in order to benefit from the virtual [franchise].

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