Access Integrated Technologies (MM) (NASDAQ:AIXD)
Historical Stock Chart
From Jun 2019 to Jun 2024
![Click Here for more Access Integrated Technologies (MM) Charts. Click Here for more Access Integrated Technologies (MM) Charts.](/p.php?pid=staticchart&s=N%5EAIXD&p=8&t=15)
Access Integrated Technologies, Inc. ("AccessIT") (NASDAQ:AIXD),
today announced that it would pay quarterly interest, due September 30,
on its $55 million Senior Notes in cash rather than to exercise its
option to pay interest using its shares of common stock.
“Despite uncertainties in the capital markets,
we continue to believe in the future of our company and our ability to
navigate through these choppy waters to continue our progress. With that
mindset, giving up equity at this time makes no sense,“
said Bud Mayo, chairman and chief executive officer of AccessIT. “Although
progress on certain initiatives has been slowed by the condition of the
credit markets, most of the company’s plans
continue to move forward. We remain optimistic that we can begin Phase 2
shortly, and that the capital markets will return to stable levels again.”
Access Integrated Technologies, Inc. (AccessIT) is the global
leader in providing integrated solutions for digital cinema. The Company’s
ground-breaking digital cinema networked services along with its Library
Management Server® and Theatre Command Center®
software have enabled theatres across the United States to play more
than eight million digital showings of Hollywood features to date.
AccessIT's 24/7 satellite operations delivers feature movies,
alternative content advertising, and pre-show entertainment through its
UniqueScreen Media subsidiary, including live 2-D and 3-D events through
its CineLive® satellite network, expanding box
office sales and developing new ways to attract incremental revenues.
Through its alternative content distribution unit, The Bigger Picture,
AccessIT offers channels of programming including Opera, Kidtoons, Faith
Based, Concerts, Sports and Anime. Access Integrated Technologies®
and AccessITTM are trademarks of Access
Integrated Technologies, Inc. For more information on AccessIT, visit www.accessitx.com.
(AIXD-G)