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Hong Kong—Dec 13, 2011

GDC Inks VPF Financing Deals with 14 Major Hong Kong Film Distributors

GDC Technology (“GDC Tech”),  a world leading digital cinema solution provider, is pleased to announce today that GDC Digital Cinema Network Limited (“DCN”) has signed Virtual Print Fee (VPF) agreements with 14 major Hong Kong film distributors, by which those distributors will supply digital movies to theatres in Hong Kong, including Broadway Circuit, Ma On Shan Classic Cinema and UA Cinemas, that have joined GDC DCN’s VPF deployment program. 

Distributors who have signed the agreement will pay VPFs to accelerate the digital cinema revolution in Hong Kong. To date almost 90% of the screens in Hong Kong have been converted to digital.
 
“We are excited to learn that leading Hong Kong distributors have sealed deals with GDC, which will bring more high quality digital movies to theatres and their patrons across Hong Kong,” said Brian Chung, Chief Executive of Hong Kong Motion Picture Industry Association Limited.
 
“ This is an unparalleled milestone in Hong Kong cinema.  We are delighted to receive such strong support from all the key Hong Kong distributors, and wish to express our thanks to the Hong Kong MPIA for its role in the promotion of digital cinema in the territory over the years,” said Dr. Man-Nang Chong, founder and CEO of GDC Tech and GDC DCN.


GDC Technology Limited Contacts: GDC Technology Limited
Unit 1-7, 20th Floor, Kodak House II, 
39 Healthy Street East, North Point, Hong Kong 
Tel: + 852 2507 9555    Fax:+852 2579 1131
info@gdc-tech.com
About GDC Technology Limited: GDC Technology Limited (“GDC Technology”) is a digital cinema solutions provider.  GDC Technology develops, manufactures and sells digital cinema servers, content storage systems, theater management systems and network operations center software for digital cinema.  GDC Technology also provides a suite of digital cinema products and services, including integrated projection systems, 3D products, projector lamps and silver screens. GDC Technology’s subsidiary, GDC Digital Cinema Network Limited, manages VPF for approximately 5,000 theater screens and 250 motion picture distributors worldwid GDC Technology Limited Directory page GDC Technology Limited Web Site
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