Joliette, Quebec, Canada – January 23, 2023 – STRONG/MDI Screen Systems, Inc. (“STRONG/MDI”) a wholly-owned subsidiary of FG Group Holdings Inc. (“FG Group Holdings”) (NYSE American: FGH) and a leader in manufacturing state-of-the-art cinema screens, in partnership with ECCO Cine Supply and Service, announces that Strong/MDI’s new HGA ReAct screen will be showcased at the 2023 Munich Film Week to be held the last week of January 24-27, 2023. STRONG/MDI and ECCO will team up to bring the new HGA ReAct screen to the Kinopolis Mathäser Big Theater.
“We, at Kinopolis, are happy to have another STRONG/MDI screen in our circuit. We recognize the importance of combining new laser projectors with the right screen, to offer the ultimate movie experience,” stated Jan Harmsen, head of projection technology at Kinopolis. “Strong MDI’s big selection of screen gains and perforations help us to display the full RGG-Laser quality. “
“For STRONG/MDI, Kinopolis is a wonderful showcase and a reference, as we keep aiming at excellence in projection quality for all moviegoers. Teaming up with the experts at ECCO to make it happen is a recipe for success,” commented Ray Boegner, President of Strong Entertainment.
“Having a new premium screen during the Film Week in Munich is a great start for Strong-MDI products also supported by our company,” says Thomas Rüttgers, Managing Director at Ecco Cine Supply and Service. “Since 2022, we have been cooperating with Strong MDI Screens. With their new finishing facility in Belgium, even PLF screens can now be delivered in continental Europe, which eliminates logistical issues and ensures safe transports from door to door.”
Those looking for more information on products developed by STRONG/MDI can contact the sales team by phone at +1 450 755 3795 or via email [email protected]. For EMEA customers, please contact Mr. Bernard Collard at +32 477 49 49 39 or via email [email protected].
About FG Group Holdings Inc. and STRONG/MDI Screen Systems, Inc.
FG Group Holdings Inc. is a diversified holding company with operations and investments across a broad range of industries. The Company’s Strong Entertainment business unit includes STRONG/MDI Screen Systems (www.strongmdi.com), the leading premium screen and projection coatings supplier in the world and Strong Technical Services (www.strong-tech.com), which provides comprehensive managed service offerings with 24/7/365 support nationwide to ensure solution uptime and availability. FG Group Holdings also holds equity stakes in GreenFirst Forest Products Inc., Firefly Systems, Inc., and FG Financial Group, Inc., as well as real estate through its Digital Ignition operating business.
About Fundamental Global®
Fundamental Global® is a private partnership focused on long-term strategic holdings. Fundamental Global® was co-founded by former T. Rowe Price, Point72 and Tiger Cub portfolio manager Kyle Cerminara and former Chairman and CEO of TD Ameritrade, Joe Moglia. Its current holdings include FG Financial Group Inc. (Nasdaq:FGF), (NASDAQ: FGFPP), FG Group Holdings Inc. (NYSE American:FGH), BK Technologies Corp. (NYSE American:BKTI), GreenFirst Forest Products, Inc. (TSX:GFP), FG Merger Corp. (Nasdaq:FGMC), FG Acquisition Corp. (TSX:FGAA), OppFi Inc., Hagerty Inc., and FG Communities, Inc.
The FG® logo is a registered trademark of Fundamental Global®.
ECCO Cine Supply and Service is a leading cinema integrator in Germany and offers a wide range of services in the field of cinema technology. As a one-stop shop, ECCO’s offerings comprise projection up to 3D, associated screens, sound systems, immersive motion technology and seating. More information about the Company can be found at www.ecco-online.eu.
With over 115 years of movie theatre tradition under its belt, the Kinopolis Group is a fourth generation, family-owned enterprise which is widely recognized as one the largest and most successful movie theatre companies in Germany. Kinopolis has a presence in 17 locations across the country, including the Mathäser Filmpalast – Germany´s best running movie theatre. Based in Darmstadt, Kinopolis is committed to bringing the highest level of professionalism and state-of-the-art technology to the industry. For more information, visit www.kinopolis.de.
This press release includes forward-looking statements which involve a number of risks and uncertainties, including but not limited to those discussed in the “Risk Factors” section contained in Item 1A in FG Group Holdings’ (previously Ballantyne Strong, Inc.) Annual Report on Form 10-K for the year ended December 31, 2021 filed with the SEC on March 24, 2022, and the following risks and uncertainties: the negative impact that the COVID-19 pandemic has already had, and may continue to have, on the Company’s business and financial condition; the general economic impact of the current geopolitical environment, including the ongoing military conflict in Ukraine and the impact of related sanctions being imposed by the U.S. Government and the governments of other countries; the Company’s ability to maintain and expand its revenue streams to compensate for the lower demand for the Company’s digital cinema products and installation services; potential interruptions of supplier relationships or higher prices charged by suppliers; the Company’s ability to successfully compete and introduce enhancements and new features that achieve market acceptance and that keep pace with technological developments; the Company’s ability to successfully execute its capital allocation strategy or achieve the returns it expects from these holdings; the Company’s ability to maintain its brand and reputation and retain or replace its significant customers; challenges associated with the Company’s long sales cycles; the impact of a challenging global economic environment or a downturn in the markets (such as the current economic disruption and market volatility generated by the ongoing COVID-19 pandemic and geopolitical environment); economic and political risks of selling products in foreign countries (including tariffs); risks of non-compliance with U.S. and foreign laws and regulations, potential sales tax collections and claims for uncollected amounts; cybersecurity risks and risks of damage and interruptions of information technology systems; the Company’s ability to retain key members of management and successfully integrate new executives; the Company’s ability to complete acquisitions, strategic investments, entry into new lines of business, divestitures, mergers or other transactions on acceptable terms, or at all; the impact of the COVID-19 pandemic and the current geopolitical tension and related sanctions on the companies in which the Company holds equity stakes; the Company’s ability to utilize or assert its intellectual property rights, the impact of natural disasters and other catastrophic events (such as the ongoing COVID-19 pandemic or the ongoing military conflict in Ukraine); the adequacy of insurance; the impact of having a controlling stockholder and vulnerability to fluctuation in the Company’s stock price. Given the risks and uncertainties, readers should not place undue reliance on any forward-looking statement and should recognize that the statements are predictions of future results which may not occur as anticipated. Many of the risks listed above have been, and may further be, exacerbated by the COVID-19 pandemic, its impact on the cinema and entertainment industry, and general economic conditions, including the ongoing military conflict in Ukraine and related sanctions, such as inflationary pressures and disruptions in the global supply chain and the worsening economic environment. Actual results could differ materially from those anticipated in the forward-looking statements and from historical results, due to the risks and uncertainties described herein, as well as others not now anticipated. New risk factors emerge from time to time and it is not possible for management to predict all such risk factors, nor can it assess the impact of all such factors on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Except where required by law, the Company assumes no obligation to update, withdraw or revise any forward-looking statements to reflect actual results or changes in factors or assumptions affecting such forward-looking statements.
STRONG/MDI Screen Systems, Inc. Contact
Senior Vice President & General Manager
FG Group Holdings Investor Relations Contacts
FG Group Holdings Inc., Chief Executive Officer
John Nesbett / Jennifer Belodeau
IMS Investor Relations