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David Collins

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  • AccessIT Is Starring in the Analog-to-Digital Cinema Revolution [View article]
    "…Both are major players in the analog world who could be big losers in the transition to digital, as will be Ballantyne, a leading producer of analog projectors."

    I just wanted to remind Mr. Shonfeld and readers of his blog entry that Ballantyne (AMEX: BTN), a company I represent in its IR effort, is in fact well positioned to participate in the "Analog-to-Digital Cinema Revolution" via its master reseller agreement with NEC for NEC's digital cinema projectors. Further, Ballantyne has launched a digital cinema services business - Strong Technical Services - via an acquisition it completed in June '06, that will enable the company to offer maintenance and service to digital projector owners. Currently, Ballantyne’s existing analog projector business is profitable and cash flow positive at current sales levels; and management is committed to actively managing that business segment – and its cost structure - through the adoption curve of digital cinema.

    Given Ballantyne's deep customer relationships and the breadth of its installed base of traditional projection equipment across North America (well in excess of 50% of N.A. screens are outfitted with BTN analog projection equipment), we believe BTN has an excellent platform from which to pursue this new growth opportunity. And there appears to be plenty of opportunity for projector providers and service providers to coexist in harmony as the digital revolution takes hold.

    Importantly, Ballantyne has no long term debt and had over $20 million in cash/equivalents and 14 million diluted shares outstanding at 9/30/06.

    Please consult Ballantyne’s website www.ballantyne-omaha.c... and the company’s SEC filings to learn more about Ballantyne, its recent results and developments and to also review the risks and uncertainties inherent in its business, which could impact the companies ability to successfully pursue the digital cinema marketplace and achieve the forward looking comments made above.

    Delayed quote and other background: finance.yahoo.com/q?s=...

    David Collins
    btn@jcir.com
    Nov 27 01:18 PM | Likes Like |Link to Comment
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