Key Developments: Ballantyne Strong Inc (BTN)
4.18USD
21 May 2013
$0.02 (+0.48%)
$4.16
$4.14
$4.24
$4.12
47,153
100,604
$6.45
$3.09
Latest Key Developments (Source: Significant Developments)
Ballantyne Strong Inc Secures New Digital Cinema Deployment Agreement from Caribbean Cinemas for 238 Projection Systems, Partnering With Barco and GDC
Ballantyne Strong Inc announced that it has won a contract to supply Caribbean Cinemas with 238 state-of-the art Barco digital projection systems, featuring cinema servers manufactured by GDC Technology Limited. Following the completion of the deployment, Ballantyne will also add the entire Caribbean Cinemas circuit, including its 437 screens in 53 theatres, onto its Network Operations Center (NOC) 24/7/365 proactive equipment monitoring service. Full Article
Ballantyne Strong, Inc. To Sell Analog Projector Facility-DJ
Dow Jones reported that Ballantyne Strong, Inc. plans to sell its analog projector facility and manufacturing equipment in a bid to refocus on its digital equipment distribution business. Full Article
Ballantyne Strong, Inc. Authorizes $8 Million Share Repurchase Program
Ballantyne Strong, Inc. announced that its Board of Directors has authorized the repurchase of up to $8 million of its outstanding common stock, or approximately 15.2% of its market capitalization, based on current market prices, and pursuant to a plan adopted under Rule 10b5-1 of the Securities Exchange Act of 1934 (the Act). Full Article
Ballantyne Strong, Inc. Announces Appointment Of Chief Financial Officer
Ballantyne Strong, Inc. announced the appointment of Mary A. Carstens as its Chief Financial Officer. Former CFO Kevin S. Herrmann, will continue to serve the Company in a senior financial role as Vice President, Treasurer and Corporate Secretary. Mr. Herrmann will also remain active in shareholder relations. Full Article
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