ARHT Media Announces Anticipated Delay in Annual Financial Statements and Related Documents

TORONTO, April 29, 2024 (GLOBE NEWSWIRE) -- ARHT Media Inc. ("ARHT" or the "Company") (TSXV:ART), (OTCQB:ARHTF) announced today that it will be delayed in filing its financial statements, the accompanying management’s discussion and analysis, and related documents with respect to the annual filings for the year ended December 31, 2023 (collectively, the "Annual Filings") by the filing deadline of April 29, 2024.

The Company is working diligently and expeditiously with its auditors to complete the Annual Filings as soon as possible.

The expected delay has been impacted by the extent of the complexity of the Company’s international operations and the external auditors need for additional time to complete their audit procedures by the filing deadline.

The Company confirms that there are no insolvency proceedings against it as of the date of this press release. The Company also confirms that there is no other material information concerning the affairs of the Company that has not been generally disclosed as of the date of this press release.

About ARHT

ARHT is a pioneer and the global leader in live hologram technology. Thanks to its patented end-to-end technology, executives, medical experts, educators, entertainers, and thought leaders can travel at the speed of light to any destination.

ARHT was founded in 2014 and is publicly traded on the TSX Venture Exchange. ARHT has offices in North America, Europe and Asia and operates from its own studios in locations from Toronto to Singapore, as well as a large network of partner studios in every region.

Connect with ARHT:
LinkedIn: https://www.linkedin.com/company/arht-tech
Instagram: https://www.instagram.com/arht.tech
Facebook: https://www.facebook.com/arht.tech
X: https://twitter.com/arht_tech
YouTube: https://www.youtube.com/@arht-tech

For more information, please visit www.arht.tech/about/investors or www.arht.tech.
Alternatively, email us directly at [e-mail].

ARHT trades under the symbol "ART" on the TSX Venture Exchange.

Press Inquiries:
Kristen Spence
[e-mail]

ARHT
Larry O’Reilly
Chief Executive Officer
[phone] (head office)

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the issuance of any cease trade orders and the contents of these orders, the Company's ability to file its Annual Filings on the timelines described above and the subsequent revocation of the any cease trade orders. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. These forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances unless otherwise required to do so by law.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.