Ballantyne of Omaha, Inc. (BTNE.OB) - 500 Beiträge pro Seite

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http://www.ballantyne-omaha.com/

Background:
BTNE.OB is a developer, manufacturer and distributor of commercial motion picture equipment and long-range follow spotlights in the U.S. and abroad. The Company also rents and leases entertainment lighting and restaurant equipment. For the 6 months ended 6/30/04, net revenues rose 35% to 23M. USD Net income totaled 1.7M USD, up from 174K USD. Results reflect more theatre construction, improved margins and a lower post-retirement benefit costs.

Ballantyne of Omaha Shares to Begin Trading on the American Stock Exchange on September 24, 2004
Tuesday September 21, 7:00 am ET

OMAHA, Neb.--(BUSINESS WIRE)--Sept. 21, 2004--Ballantyne of Omaha, Inc. (OTC BB: BTNE, AMEX: BTN), a manufacturer of motion picture projection and specialty lighting equipment, today announced that its common stock has been approved for listing on the American Stock Exchange® (Amex®). Ballantyne`s common stock is expected to commence trading on the Amex under the symbol "BTN" on Friday, September 24, 2004.

John P. Wilmers, President and Chief Executive Officer of Ballantyne, commented, "We are pleased to return home to the Amex where our shares first listed after the Company`s initial public offering in 1995. Listing on the Amex marks another important milestone for Ballantyne, as it acknowledges the Company`s financial accomplishments over the past 18 months and excellent future prospects, as well as the leadership position it maintains in the commercial motion picture projection equipment industry. We anticipate the listing will also increase our corporate visibility, provide enhanced liquidity for our shareholders and make it easier for prospective retail and institutional investors to purchase our common stock."

Ballantyne of Omaha is expected to stop trading on the OTC Bulletin Board at the close of business on Thursday, September 23, 2004. The approval of the listing of the common stock on Amex is contingent upon the Company being in compliance with all applicable listing standards on the date it begins trading on the Exchange, and may be rescinded if the Company is not in compliance with such standard.
http://biz.yahoo.com/bw/040921/215299_1.html

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Shares outstanding
Basic: 12,812,270
Diluted: 13,560,628

Cash: 12,93M USD
Total Assets: 40,65M USD
Long-term debt: 55,55K USD


Six Months Ended June 30, 2004 and 2003

Net revenues:

2004: 22,955,379
2003: 16,969,971

Diluted net income per share:

2004: 0.13 USD
2003: 0.01 USD

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American Stock Exchange Lists Common Stock of Ballantyne of Omaha, Inc.
Friday September 24, 9:53 am ET

NEW YORK, Sept. 24 /PRNewswire/ -- The American Stock Exchange® (Amex®) today listed the common stock of Ballantyne of Omaha, Inc. under the ticker symbol BTN.

Ballantyne of Omaha, Inc. is a U.S. supplier of commercial motion picture and specialty projection equipment utilized by major theater chains and location-based entertainment providers. The Company also manufactures specialty entertainment lighting products used at top arenas, television and motion picture production studios, theme parks and architectural sites around the world.

"We are pleased to welcome Ballantyne of Omaha to the American Stock Exchange," said John McGonegal, senior vice president of the Amex Equities Group. "The Amex looks forward to working closely with them on building additional shareholder value as well as increased investor attention."

Commenting on the listing, John P. Wilmers, President and Chief Executive Officer of Ballantyne of Omaha, stated, "Listing our shares on the Amex marks an important milestone for Ballantyne as it acknowledges the Company`s financial turnaround and long-term leadership position in the commercial motion picture projection equipment industry. We believe the Amex provides an excellent platform for increasing Ballantyne`s visibility and liquidity among investors."

The specialist in Ballantyne of Omaha, Inc. will be Kellogg Capital Group. For further information on BTN and other Amex-listed companies, please visit http://www.amex.com.

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Ballantyne of Omaha Reports Third Quarter Results
Thursday October 28, 7:00 am ET
2004 Third Quarter Revenues Increase 24% to $11.7 Million
Gross Profit Margin Increases to 28.3%

OMAHA, Neb.--(BUSINESS WIRE)--Oct. 28, 2004--Ballantyne of Omaha, Inc. (Amex: BTN - News), a manufacturer of motion picture projection and specialty lighting equipment, today reported financial results for the three- and nine-month periods ended September 30, 2004.

Net revenues for the three months ended September 30, 2004 rose 24% to approximately $11.7 million from $9.4 million in the year-ago period due in part to an 11% increase in sales of the Company`s theater equipment. Reflecting increased volume and efficiencies in the manufacturing process, gross profit in the quarter rose 51.3% to $3.3 million, or 28.3% of revenues, from $2.2 million, or 23.2% of revenues, in the year-ago third quarter.

Net income for the three-month period rose to approximately $2.1 million, or $0.16 per diluted share, compared to net income of $0.2 million, or $0.01 per diluted share, in the year-ago quarter. Results for the 2004 third quarter reflect an income tax benefit of $1.2 million reflecting the reversal of certain deferred tax valuation allowances. Per share results are based on a weighted average number of shares outstanding of 13,626,594 and 13,216,296 for the third quarters of 2004 and 2003, respectively.

John P. Wilmers, President and Chief Executive Officer of Ballantyne, commented, "Third quarter results demonstrate improving fundamentals in the motion picture exhibition industry. We saw a continuing year-over-year increase in sales for our projection systems and demand for replacement parts continued to be robust, reflecting our extensive installed base of equipment.

"We continued to work at managing expenses, transforming a 24% revenue increase into a 327% increase in income from operations during the 2004 third quarter when compared to the year-ago third quarter. And our balance sheet remains strong with $11.8 million in cash, net working capital of $25.1 million and negligible long-term debt."

Net revenues for the nine months ended September 30, 2004 rose 31% to approximately $34.6 million from $26.4 million in the comparable year-ago period. Gross profit during the first nine months of 2004 rose 63% to $9.7 million, or 28.0% of revenues, from $5.9 million, or 22.5% of revenues, in the first nine months of 2003. Net income for the nine-month period ended September 30, 2004 increased to $3.8 million, or $0.28 per diluted share, compared to net income of approximately $0.4 million, or $0.03 per diluted share, in the year-ago period. Results for the 2004 period reflect an income tax benefit of $1.2 million for the reversal of certain deferred tax valuation allowances. Per share results are based on a weighted average number of shares outstanding of 13,572,924 and 13,070,305 for the first nine months of 2004 and 2003, respectively.
http://biz.yahoo.com/bw/041028/285276_1.html

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McCarthy Group Divests Its 31% Stake in Ballantyne
Friday November 19, 12:45 pm ET

OMAHA, Neb.--(BUSINESS WIRE)--Nov. 19, 2004--Ballantyne of Omaha, Inc. (Amex: BTN - News), a manufacturer of motion picture projection and specialty lighting equipment, today was notified that BalCo Holdings L.L.C., Dana Bradford, Dennis O`Brien, and Scott Schmidt - all affiliates of the McCarthy Group, Inc., an Omaha-based private equity firm with over $400 million invested in companies predominantly located in the Midwest - have divested their collective holdings in the Company totaling 3,917,026 shares, representing an approximate 31% stake.

The shares were sold to an unaffiliated group of private investors pursuant to a registration statement Ballantyne filed with the Securities and Exchange Commission earlier this year on behalf of the sellers. Ballantyne is not issuing any new shares pursuant to, nor will it receive any proceeds from, the transaction. The transaction will not trigger the Company`s stockholder rights plan, as no single investor acquired more than a 15% stake, and it does not affect the amount of Ballantyne common stock outstanding, which remains at 12,993,058 shares.

Dana Bradford commented, "Despite the financial challenges facing Ballantyne and its customers at the time of our investment in 2001, we saw value in the Company and its market dominance in the theater projector industry. Since that time we have worked closely with the board and management to establish and implement a number of initiatives aimed at improving shareholder value. Having achieved those initiatives, we`ve elected to monetize our investment. We`re grateful for the opportunity to become involved with Ballantyne and appreciative of the hard work and dedication displayed throughout the ranks of the Company."

"The McCarthy Group became a reliable partner during an unprecedented downturn in the motion picture exhibition industry," added John P. Wilmers, President and Chief Executive Officer of Ballantyne. "We appreciate the stability they brought to our shareholder base as we operated through this challenging period."

Mr. Wilmers continued, "Having realigned expenses with revenue, eliminated debt, and returned the Company to revenue and cash flow growth, we are well positioned to expand our market share in a more financially robust motion picture projection industry and participate in the industry`s transition from analog to digital cinema. We are also poised to make acquisitions that offer opportunities to expand our customer base, diversify revenues and build shareholder value."

About McCarthy Group, Inc.

McCarthy Group, Inc. (MGI) is a private equity firm headquartered in Omaha, Nebraska. Through its subsidiaries and affiliates, MGI invests capital in public and private companies with sustainable earnings growth, predictable and growing cash flow, diversified customers and quality product offerings.
http://biz.yahoo.com/bw/041119/195315_1.html

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Ballantyne of Omaha Advances Digital Cinema Strategy Through Distribution Agreement With NEC
Wednesday May 25, 11:03 am ET
Alliance Pairs NEC`s Full Line of Digital Cinema and In-Theatre Advertising Projectors, Servers and Software with Ballantyne`s Expansive Customer Base and Distribution Network

OMAHA, Neb.--(BUSINESS WIRE)--May 25, 2005-- Ballantyne of Omaha, Inc. (Amex: BTN - News), a manufacturer of motion picture projection and specialty lighting equipment, today announced it has entered into a definitive agreement with NEC Solutions (America), Inc., a premier provider of integrated solutions for the Connected Enterprise in North America, to distribute NEC`s full line of digital cinema and in-theater advertising products, including DLP Cinema(TM) digital projectors, LCD and plasma displays, servers and software.

Pursuant to the three-year agreement, Ballantyne will distribute all components of NEC`s STARUS(TM) Digital Cinema System. This includes the full line of STARBeam(TM) iS8, iS15 and iS25 digital cinema projectors using DLP Cinema(TM) technology from Texas Instruments®, STAR*Cor(TM) muliplex servers, and STAR*Show(TM) screen servers.

Ballantyne will also offer NEC`s digital pre-show projection systems complete with servers and software, and digital lobby displays as part of NEC`s ADVASuite(TM) In-Theatre Advertising System. Ballantyne will market the NEC systems directly to motion picture exhibitors through its internal sales force and via its network of over 100 domestic and international dealers, as well as through its web site, www.strong-cinema.com. The agreement includes distribution rights for all of the Western Hemisphere, including the United States, Canada, Central and South America, and the Caribbean.

John P. Wilmers, President and Chief Executive Officer of Ballantyne, commented, "This agreement aligns Ballantyne with one of the world`s premier innovators of display and server technologies, paving the way for our participation in the motion picture exhibition industry`s eventual transition from analog to digital technology. As one of the three licensees of the Texas Instruments` DLP digital cinema technology, NEC has quickly established itself as the vendor of choice for complete digital advertising and digital cinema solutions. We think pairing NEC`s innovative products with Ballantyne`s industry relationships, distribution network and sales expertise is a winning combination."

"NEC is committed to simplifying adoption of digital cinema and in-theatre advertising by offering all system elements through a single source," commented Kurt Schwenk, general manager, Digital Cinema Division of NEC Solutions America. "Distributing our products through an industry leader like Ballantyne will enhance our market penetration in the Americas and our ability to directly touch decision makers in the theater equipment purchasing community."

NEC`s STAR*Beam line of DLP Cinema projectors are the world`s smallest integrated digital cinema projectors to employ Texas Instruments` 2K DMD(TM) technology and exceed DLP Cinema guidelines for contrast ratio, colorimetry and uniformity. All of NEC`s STAR*Beam digital cinema projectors offer pristine images with their 2048 x 1080 pixel native resolution and achieve up to 14 foot lamberts of brightness. NEC`s in-theatre and in-lobby advertising solutions include ADVABeam(TM) auditorium projectors, as well as a comprehensive package of flat-panel devices from NEC`s PlasmaSync® Series, Large-Screen LCD Series and related server and software packages.

Ballantyne has been providing the motion picture exhibition industry quality projection equipment and services since 1932, offering broad range of standard, custom-made and ancillary equipment that can completely outfit and automate a motion picture projection booth. The Company`s major customers include AMC Entertainment, Inc., Regal Cinemas, Inc. and Loews Cineplex.

"We couldn`t have asked for a more committed partner than NEC Solutions America to support our digital cinema aspirations," added Mr. Wilmers. "While the market for digital projection equipment thus far remains limited, we intend to proactively market all of the NEC products with our customer base in advance of the full-scale replacement cycle - especially the advertising and pre-show programming equipment, which theater owners are deploying today."
http://biz.yahoo.com/bw/050525/255631.html?.v=1