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Morristown, N.J.—Jul 30, 2003

Access Integrated Technologies, Inc. Announces Agreement to Acquire Hollywood Software, Inc.

Combined Companies to Provide Delivery of Digital Cinema
Access Integrated Technologies, Inc. (AccessIT) announced today that it had entered into an agreement to acquire all of the capital stock of Hollywood Software, Inc. (Hollywood Software), a company engaged in the design, implementation and management of software tools used by both motion picture distributors and exhibitors to schedule, analyze, book and track movies and their financial results.
Located in Hollywood and Brea, California, Hollywood Software is the leading developer of proprietary transactional support software for movie distributors in North America. Hollywood Software has developed software applications, including the TDS2000 – Theatrical Distribution System, which manages key operational and financial elements of film distribution for distributors and studios, and EMS – Exhibition Management System, which manages key operational and financial elements of film exhibition for theater circuits.

Upon completion of the Hollywood Software acquisition, AccessIT expects to offer interrelated services to the digital cinema and alternative entertainment industries, including the delivery of digital content through software developed by Access Digital Media, Inc., a subsidiary of AccessIT, and secure hosting services offered by its bandwidth diverse Internet data centers. The closing of the Hollywood Software acquisition, which is subject to various conditions, is presently expected to occur in September 2003. All current management and staff of Hollywood Software are expected to remain.

Bud Mayo, Chief Executive Officer of AccessIT, stated, “The digital revolution is creating new opportunities for the entertainment industry and especially in motion pictures, which still operates through cumbersome and expensive analog delivery methods. Our combination of managed services and secure data center services is expected to enhance Hollywood Software’s movie distribution software and help further growth. Ultimately, we believe that Hollywood Software’s market penetration will provide us with a favorable platform for enabling content creators and distributors to provide a digital delivery solution that we expect to displace analog.”

David Gajda, chief executive officer of Hollywood Software, commented, “We welcome this opportunity to become a part of AccessIT. From our first meeting, we have shared the same vision of how our companies might provide broader services to media companies as they begin to migrate further into the digital realm. By coming together, we improve our ability to become a leader in developing, and then providing, these services.”


About Hollywood Software: Hollywood Software partners with Hollywood movie studios, independent movie distributors, and exhibitors by bringing enterprise software to the marketplace to run their distribution and exhibition businesses. Hollywood Software develops the tools for managing all key elements of digital theatrical distribution and exhibition. Hollywood Software’s Theatrical Distribution System is installed in more than 30 distribution companies in the US and Canada including 20th Century Fox, Universal Pictures and Lionsgate. Their Digital Cinema Theatre Management System product was the pioneer product in the marketplace and is currently used to manage more than 15,000 screens worldwide. For more info, follow us on Twitter (@hollywoodhsi) and at LinkedIn. Hollywood Software Directory page 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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