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OMAHA, Neb.—Dec 11, 2007

Ballantyne Divests Legacy Film Handling Equipment Subsidiary

Sale Further Reduces Fixed Overhead in Legacy Business While Providing Additional Capital for Digital Cinema Growth Opportunities
Ballantyne of Omaha, Inc. (Amex: BTN), a motion picture projection, digital cinema and specialty lighting equipment and services provider, today announced that it has completed the sale of substantially all of the assets and liabilities of its Design & Manufacturing, Inc. subsidiary to Brian Hendricks, the subsidiary's General Manager. Terms of the sale were not immediately disclosed, however, including closing costs, Ballantyne anticipates taking a charge of approximately $0.2 million in the fourth quarter to reflect the sale.

With approximately 45 employees, the Fisher, Illinois Design & Manufacturing subsidiary is engaged in the manufacturing and sale of traditional film handling equipment, including replacement parts, and also performs custom machining for other industries. Following the sale, Ballantyne expects to source its film handling equipment and related replacement parts from Design & Manufacturing, Inc. based on an agreed-upon pricing arrangement.

John P. Wilmers, President and Chief Executive Officer of Ballantyne, commented, "The divestiture of this subsidiary reflects the strategic repositioning of our business for the substantial growth opportunities we see for digital cinema projection equipment and services in the coming years. The timing is opportune, as we have further reduced fixed overhead in our legacy film projection equipment business as we prepare for the accelerated rollout of digital cinema anticipated in 2008. Brian Hendricks and his team have done an excellent job with the business over the past several years, and we look forward to working with them in our new role as a customer. It's really a win-win transaction for both sides."

About Ballantyne Strong Inc.: Ballantyne Strong Inc. is a provider of digital cinema projection equipment, screens and services as well as specialty lighting equipment. The Company supplies major and independent theater chains, top arenas, theme parks and architectural sites around the world. Ballantyne Strong is a value added reseller of major brands that include BARCO, NEC, Doremi, GDC, USL, Dolby and QSC. Excellent products coupled with Strong Technical Services providing installation, integration, NOC (Network Operation Center) and field service. Ballantyne Strong Inc.is a true turn-key provider for sales and service to cinema chains of all sizes. Ballantyne Strong Inc. Directory page

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More Ballantyne Strong Inc. News:
Oct 23, 2014 Strong|MDI Introduces PREMIUM HGA 1.9 Screens, Providing Wider Viewing Angles and Improved Contrast and Clarity
Apr 15, 2013 RealD Introduces Precision White Screen Technology Combining 2D White Screen Performance with Polarized 3D Capability
Dec 12, 2012 ‘The Hobbit: An Unexpected Journey’ World Premiere Viewed on Ballantyne Strong’s Unique Customized 3D Silver Cinema Screen
Nov 9, 2012 Ballantyne Strong Secures New Digital Cinema Deployment Agreement from Caribbean Cinemas for 238 Projection Systems, Partnering With Barco and GDC
Jan 4, 2012 Ballantyne Strong Initiates Strategic Refocus on Global Growth Opportunities in Digital Products and Services Markets, Divesting Domestic Manufacturing Assets
Oct 21, 2011 Ballantyne Expands Digital Cinema Offerings with Addition of Barco Projection Systems
Oct 12, 2011 Ballantyne Strong Begins Shipping 144 NEC Digital Cinema Projection Systems to Wehrenberg Theatres
Oct 10, 2011 Ballantyne Strong Successfully Completes Marcus Theatres® Full-Scale Digital Cinema Deployment in Only 45 Days
Aug 17, 2011 Marcus Theatres® Selects Ballantyne Strong for Its Full-Scale Digital Cinema Deployment, Including 570 NEC Projection Systems, Installations, Maintenance and NOC Services
Aug 11, 2011 Four Distinguished Minnesota Exhibitors Standardize on NEC Display Solutions Digital Cinema Projectors
Mar 28, 2011 Ballantyne Strong to Highlight Digital Cinema Products/Services at “CinemaCon” Convention – March 28-31 in Las Vegas – Booth 600 A
Jan 13, 2011 Ballantyne Strong Expands Asia Footprint with Orders for 250 NEC Digital Cinema Projection Systems from New Customers - Beijing Yida Jiuzhou Film and the Jinyi Group
Oct 12, 2010 NEC Projectors Selected by Dickinson Theatres for Full Digital Cinema Conversion
Oct 7, 2010 Ballantyne Debuts State-of-the-Art Network Operations Center (NOC) to Provide Customers with 24/7 Remote Monitoring and Servicing of Their Digital Systems
Sep 7, 2010 Chunky’s Cinema Pub Chooses Ballantyne Strong for its Turnkey Digital Cinema Deployment
Jul 19, 2010 Cine Planet and Cines Movieland Purchasing Additional NEC Digital Cinema Projectors and Screens from Ballantyne Strong for Peru and Chile Circuits
Jul 15, 2010 Ballantyne Strong to Significantly Enhance Cinema Screen Production Capacity Through $6 Million Expansion Program
Jul 7, 2010 Ballantyne Strong Secures New Order for 60 NEC Digital Cinema Projectors in China
Jun 4, 2010 Caribbean Cinemas Expands Digital Footprint with Purchase of 20 NEC Digital Cinema Projectors, Servers and Screens from Ballantyne Strong
May 26, 2010 NEC Display Solutions and Southern Theatres Help Revitalize New Orleans Theaters with Digital Cinema Projectors
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