Charlotte, NC – May 3, 2023 – FG Group Holdings Inc. (NYSE American: FGH) (the “Company” or “FG Group Holdings”) today announced that Strong Technical Services (“STS”) has been selected by Bow Tie Management as its exclusive technical support partner. In this capacity, STS will support Bow Tie’s locations across the United States by providing installation, on-site servicing, and audio solutions.
Travis Henning, Sales Director of Strong Technical Services, commented, “Strong Technical Services is proud to be selected as Bow Tie Management’s exclusive partner for technical support. Our field technicians located throughout the United States align perfectly with Bow Tie locations and we are excited to deliver top notch field service and remote NOC support.”
Joseph Masher, Owner and Operating Partner of Bow Tie Management, commented, “We at Bow Tie Management are excited to partner with Strong Technical Services as we enter into a new period of growth for our theater circuit. We’re looking forward to their expertise in maintaining our existing projection and sound infrastructure while simultaneously exploring the next wave of presentation technology.”
“We are honored to support Joe and Bow Tie Management. Strong has invested in expanding and training our team the last two years to become a trusted partner for our exhibition customers,” said Blake Titman, Senior Vice President and General Manager of Strong Technical Services. “Our service, installation, engineering, and sales solutions are unmatched, and we thank Joe for trusting us with the exclusive facilitation of technical support across all Bow Tie Management locations.”
About FG Group Holdings Inc.
FG Group Holdings Inc. (http://bpe.a6d.myftpupload.com/) is a diversified holding company with operations and holdings across a broad range of industries. The Company’s Strong Entertainment segment is the largest premium screen supplier in North America, provides technical support services and related products and services to the cinema exhibition industry, and recently launched its studio operations to produce content for streaming and other entertainment outlets. FG Group Holdings also holds equity stakes in Firefly Systems, Inc., GreenFirst Forest Products Inc. (TSX: GFP), and FG Financial Group, Inc. (Nasdaq: FGF), as well as real estate through its Digital Ignition operating business.
About Bow Tie Management
Bow Tie Management provides turnkey management services to existing movie theaters and entertainment venues, with an innovative theater circuit made up of a combination of leased and managed locations. The company was founded as a partnership between entertainment industry veterans Joseph Masher and Steve Ventor, and Bow Tie Cinemas, the oldest cinema company in North America. Bow Tie Management continues to spread into other facets of the entertainment industry with several family and luxury entertainment concepts currently in development.
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., 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®.
Forward Looking Statements
In addition to the historical information included herein, 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 the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 filed with the SEC on March 16, 2023, and the following risks and uncertainties: 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; the effects of economic, public health, and political conditions that impact business and consumer confidence and spending, including rising interest rates, periods of heightened inflation and market instability, the outbreak of any highly infectious or contagious diseases, such as COVID-19 and its variants or other health epidemics or pandemics, and armed conflicts, such as the ongoing military conflict in Ukraine and related sanctions; 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 economic, public health and political conditions 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, whether natural, man-made, or otherwise (such as the outbreak of any highly infectious or contagious diseases, or armed conflict); the adequacy of the Company’s 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 impact of economic, public health (such as a resurgence of the COVID-19 pandemic) and political conditions (such as the military conflict in Ukraine) that impact consumer confidence and spending, particularly in the cinema, entertainment, and other industries in which the Company and the companies in which the Company holds an equity stake operate, 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 our 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 forward-looking statements to reflect actual results or changes in factors or assumptions affecting such forward-looking statements.
Investor Relations Contacts
FG Group Holdings Inc. – Chief Executive Officer
John Nesbett / Jennifer Belodeau
IMS Investor Relations