Moving iMage Technologies' Frank Tees named President of
International Cinema Technology Association (ICTA)
Fountain Valley, CA - July 30, 2021 - Boustead Securities, LLC (“Boustead”) IPO client Moving iMage Technologies (NYSE: MITQ) (“MiT”), a leading digital cinema company that designs, manufactures, integrates, installs and distributes a full suite of proprietary and custom-designed equipment, announced today that Frank Tees, MiT’s Vice President, Technical Sales Support, has been named President of the International Cinema Technology Association (ICTA), the cinema industry’s trade association whose members are widely recognized as the experts within the industry on theatre equipment and services.
Tees will continue in his position at MiT. He had served as a Vice President of ICTA for the past three years and has served on the Association’s Board of Directors for about a decade.
Robert H. Sunshine, ICTA’s Executive Director, said, “On behalf of the entire ICTA membership and Board, I congratulate Frank on becoming President. His contributions over the years to ICTA’s growth and development have been enormous. We look forward to Frank’s continued guidance in his new role.”
“I am honored to be named President of our industry’s leading association,” said Tees. “Since its formation nearly 50 years ago, ICTA has become one of the most important international association dedicated to equipment and new technologies throughout the global theatrical market.”
The ICTA is a trade organization that represents companies involved in cinema technology, including leading cinema equipment manufacturers, dealers and service companies from around the world. Its members are responsible for manufacturing the equipment that is used in presenting films in movie theatres worldwide, including digital cinema systems, lenses, sound equipment, seating, 3D technology and more. The Association also hosts educational seminars to present new and informative information on emerging technologies and how to achieve the best motion picture experience.
About Moving iMage Technologies
Moving iMage Technologies is a leading manufacturer and integrator of purpose-built technology and equipment to support a wide variety of entertainment applications, with a focus on motion picture exhibition. MiT offers a wide range of products and services, including custom engineering, systems design, integration and installation, enterprise software solution, digital cinema, A/V integration, as well as customized solutions for emerging entertainment technology. MiT’s Caddy Products division designs and sells proprietary cup-holder and other seating-based products and lighting systems for theaters and stadiums. For more information, visit www.movingimagetech.com.
About Boustead Securities, LLC
Boustead Securities, LLC is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead’s core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States, Boustead’s team moves quickly and provides a broad spectrum of sophisticated financial advice and services. Boustead is a majority-owned subsidiary of Boustead & Company Limited, a diversified non-bank financial institution. For more information visit please visit: www.boustead1828.com
Contact: Dan McClory, Head of Equity Capital Markets
Boustead Securities, LLC
dan@boustead1828.com
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including the expected start of trading of the Company’s common stock, the closing of the Company’s initial public offering and the anticipated use of the net proceeds received by the Company from the offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the Company's offering filed with the SEC. Copies of these documents are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.