Strong Technical Services Selected as Exclusive Technical Support Partner to Bow Tie Management
03 Maio 2023 - 10:00AM
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. (https://fg.group/) 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
Mark Roberson |
John Nesbett / Jennifer Belodeau |
FG Group Holdings Inc. - Chief Executive Officer |
IMS Investor Relations |
(704) 994-8279 |
(203) 972-9200 |
IR@fg.group |
fggroup@imsinvestorrelations.com |
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