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Sacramento, CA—Mar 30, 2009
Moving image Technologies Selects Barco Projectors for New Digital Cinema Funding Program
Barco, MiT and All Media Capital partner to offer attractive 3D equipment and financing packages at volume discounts for small to mid-sized exhibitors.
Digital Cinema pioneer Barco announced today that Fountain Valley, California-based MiT (MOVING iMAGE TECHNOLOGIES) has selected Barco as the preferred digital cinema projector supplier for a new financing program targeted at enhancing the buying power for small to medium-sized theatre owners. MiT, a highly regarded manufacturer and digital cinema integrator, has teamed up with Brea, California-based All Media Capital in order to assist theatre owners desiring to move into the digital and 3D projection realm. With the ability to pool resources and secure lease financing and bulk purchases, the program offers an excellent financing alternative to the independent exhibitor.
In addition to Barco's renowned image quality and reliability, the ability to cover the full range of screen sizes was a key factor in their selection as a preferred vendor. Specifically, Barco's DP-1200 and DP-1500 digital cinema projectors are ideally suited for small and mid-sized exhibitors — covering screen sizes from 40 feet (12m) to 49 feet (15m) respectively. These two projectors complement Barco's DP-2000 and DP-3000 models, which are designed for mid-to-large size venues. In conjunction with Dolby® Digital Cinema, Dolby 3D, Real D, XPandD and Master Image, each Barco projector is 3D ready, with the ability to switch from 2D to 3D digital projection modes in moments.
Joe Delgado, Vice President of Sales and Marketing for MiT, commented on the new financing program. “Small and medium-size exhibitors who want to take advantage of 3D, now have a viable path for implementing digital cinema,” said Delgado. “We're offering an opportunity to bring together those theatres who want to deploy a 3D option. As opposed to each exhibitor individually purchasing one or two units, we're facilitating a position of volume with orders at significant savings.”
By combining MiT's extensive experience in integrating digital and 3D systems with All Media Capital's industry expertise and their ability to secure financing in tough economic climates, the advantage is a package based on equipment leasing, where the technology serves as the collateral. “They know our industry,” continued Delgado, “and together, we can offer maintenance agreements, up-training, remote monitoring, diagnostics and alerts, extended warranties, and more — all the while tapping into a network of Barco and Dolby-certified installers.”
“At Barco, we're extremely pleased to participate with MiT as the preferred Digital Cinema vendor in this special financing program that supports the independent theater owner,” said Joe DeMeo, Director of Sales for Barco's Digital Cinema activities in North America. “By taking advantage of this financed opportunity, the independent theater owner can realize all the benefits of digital cinema, including 3D and alternative content projection, as well as having the finest picture available on screen using Barco projectors.”
Barco Contacts:
Johanna C. Ocampo
Corporate Marketing
Public Relations North America
Dir: 916.273.5301
Fax: 916.859.2515
johanna.ocampo@barco.com
About Barco Digital Cinema:
Barco, a global technology company, designs and develops visualization products for a variety of selected professional markets. Barco has its own facilities for Sales & Marketing, Customer Support, R&D and Manufacturing in Europe, North America and Asia Pacific. Barco (Euronext Brussels: BAR) is active in more than 90 countries with about 3800 employees worldwide. Barco posted sales of euro 751 million in 2006.
Barco is one of three licencees of Texas Instruments DLP Cinema™ technology. TI developed DLP Cinema™ technology working in close cooperation with Barco and others in the movie industry, to develop Cinema Projector and support systems based on DMD™ technology, to meet the requirement of studios, film distributors and exhibitors alike.
Barco Digital Cinema Directory page
Barco Digital Cinema Web Site
About Moving image Technologies:
MOVING iMAGE TECHNOLOGIES manufacturers and markets a full complement of cinema exhibition equipment and services to support the industry’s transition to digital cinema, including: custom engineering, systems design, integration, digital technology solutions for 3D, digital cinema, pre-feature on-screen advertising and components. Moving Image Technologies’ mission is to have the most talented, passionate people in cinema working to provide the best presentation tools for the cinema exhibition industry.
Moving image Technologies Directory page
About All Media Capital, Inc.:
As a secured lending source that specializes in the Professional Media, Broadcast, and Professional Audio Video Industries. We offer the most competitive financing to the Professional Media, Cinema & related industries. At All Media Capital we are uniquely qualified to accommodate your financing needs. If you are seeking to finance a new purchase or refinance existing assets, All Media Capital can help. Visit www.allmediacapital.com for additional information.
All Media Capital, Inc. Directory page
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