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# 1939 Baird

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MORRISTOWN, N.J—Mar 28, 2006

Access Integrated Technologies’ Subsidiary, Christie/AIX, Receives Commitment For 7-Year, $217 Million Senior Credit Facility From GE Commercial Finance

- New Facility to Provide Project Funding For On-Going Digital Cinema Conversion -
Access Integrated Technologies, Inc. (“AccessIT”) (AMEX: AIX) today announced its subsidiary, Christie/AIX, has received a commitment from GE Commercial Finance’s Global Media & Communications business for a $217 million senior credit facility. The facility will be used to provide Christie/AIX and its parent company, AccessIT, financing for funding future capital equipment outlays contemplated under its ongoing 4,000-screen digital cinema rollout.

The company anticipates that upon the closing of this new loan facility, together with AccessIT’s approximately $75 million equity investment, the company will have substantially all of the necessary capital to fund the previously announced 4,000-screen digital cinema rollout by Christie/AIX. Christie/AIX has already contracted to install 2,300 digital cinema systems at Carmike Cinemas, the nation’s third largest movie exhibitor, 67 screens at Galaxy Theatres and recently completed the rollout of more than 153 screens at two exhibitors, Emagine and UltraStar. AccessIT had previously funded the installation of the initial 300 systems through equity capital financings for its subsidiary.

Bud Mayo, chairman and chief executive officer of AccessIT, commented: “One of the key elements in our Christie/AIX deployment plan was the creation of a business model that would provide third party financing sources with the opportunity to participate in the wide-spread adoption of digital cinema. With this commitment in place from GE, one of the pre-eminent lenders to the entertainment industry, the steadily increasing and predictable cash flows generated by virtual print fees we expect will enable us to flexibly fulfill our rollout commitments while reducing our reliance on equity financing.”

“GE continues to be committed to serving the entertainment industry, and we are excited to broaden that commitment by providing Christie/AIX with a flexible funding solution that will allow it to continue its leading role in enabling the industry to make its critical and long anticipated transition to digital,” said Ralph Willis, a managing director of GE Commercial Finance.

The commitment by GE is subject to certain closing conditions, including the execution of a loan agreement satisfactory to GE and Christie/AIX.

AccessIT's Christie/AIX unit serves as the funding vehicle and administrator for the company's 4,000-screen digital cinema rollout plan, which has expanded significantly from the number of screens originally announced in June 2005. Christie/AIX will act as the administrator and financing intermediary between content-owners -- major studios and independent distributors, among others -- and exhibitors who will receive turnkey, Digital Cinema systems in conformance with DCI specifications, including 2K DLP Cinema® projectors and related hardware and software. To date, Christie/AIX has been contracted to install more than 2,500 systems in thirty-nine states and has completed the rollout of close to 180 screens for exhibitors including Emagine, UltraStar, Galaxy and Carmike Cinemas.
About Cinedigm: Cinedigm Digital Cinema Corp. is a leader in providing the services, experience, technology and content critical to transforming movie theaters into digital and networked entertainment centers. The Company partners with Hollywood movie studios, independent movie distributors, and exhibitors to bring movies in digital cinema format to audiences across the country. Cinedigm's digital cinema deployment organization, state of the art distributor and exhibition software, and marketing and distribution platform for alternative content and independent films are a cornerstone of the industry's digital cinema transformation. With the April acquisition of New Video, the world's largest aggregator of independent digital content and leading distributor of quality entertainment, CIDM has created a new full service end-to-end digital studio, enabling the Company to acquire and distribute independent films and specialty content both theatrically and via digital, mobile and home media platforms. Cinedigm Directory page
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