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# 1930 GE

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Omaha, Nebraska—Feb 28, 2003

Ballantyne Launches Digital Projection Division Headed By Larry Jacobson

Digital Projection International (DPI), an Emmy® Award-winning manufacturer of high-performance projection systems, and Ballantyne of Omaha, Inc. (OTC BB: BTNE), a leading manufacturer and distributor of motion picture projection and specialty lighting equipment, today announced the creation of the Ballantyne Strong Digital Division and the naming of Larry Jacobson as Vice President.  This announcement dovetails with Ballantyne’s recent agreement in principal with Digital Projection International (DPI) to sell, distribute and service DPI’s Digital Projection Cinema-branded products.  Mr. Jacobson played an instrumental role in developing and negotiating the terms of Ballantyne’s and DPI’s relationship.

Prior to joining Ballantyne, Mr. Jacobson was a consultant in the theater design, construction and equipment industry.   Prior to that, he spent 20 years at American Multi Cinema Inc. (AMC), most recently serving as Senior Vice President of Design, Development and Facilities.  At AMC, Mr. Jacobson oversaw the design and construction of theaters and existing theater rehabilitation, as well as major research and development projects concerning motion picture technology and theater construction.  He has received numerous accolades for his accomplishments in motion picture technology and the theater industry, including the 1998 Technical Achievement Award from the Motion Picture Academy of Arts and Sciences and the Medal of Honor For Outstanding Achievement from NATO and Exhibition.  In addition, he has secured several U.S. patents for key theater technology designs such as the “Cup Holder Arm Rest” for theater seats and certain theater speaker designs.  

“We are thrilled to unveil the Ballantyne Strong Digital Division, which oversees all of our digital projection activities under our DPI relationship.  Creating a focused division under Larry’s lead should facilitate a fluid marriage of DPI’s innovative, digital technology with Ballantyne’s industry expertise and recognized market position,” stated John Wilmers, President and CEO of Ballantyne of Omaha, Inc.  “I am proud to secure the talents of Larry Jacobson to head this business unit.  With his theater technology expertise and outstanding accomplishments in the theater industry both as a consultant and as an exhibitor, Larry has been able to hit the ground running and make a tremendous contribution to this important growth opportunity.

Based on our work together so far, I am confident Larry understands the needs of our customers and is the right person to lead our digital effort.” Commenting on his appointment, Mr. Jacobson said: “Ballantyne is in a unique and exciting position to launch its expansion into digital projection, and I’m happy to have the opportunity to join a company of such strong standing.  I am confident we will transform Ballantyne Strong into a powerful presence in the innovative and growing digital cinema space.”

About Digital Projection Ltd.: DPI manufactures and distributes an extensive line of ultra high- performance 3-chip and single-chip DLP(TM) projection systems. These projectors are the reference standard for demanding applications such as large-venue, live-event staging, fortune 5000, homeland security, education, medical and scientific research, command and control, digital cinema, commercial entertainment, worship and elite home cinema. Digital Projection Ltd. Directory page
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