Apr 24, 2006 09:29 ET
Cinram Ships First Next-Generation HD-DVD Titles
TORONTO, April 24 /PRNewswire-FirstCall/ — Cinram International Inc. (TSX: CRW) today announced that it has shipped the first next-generation HD-DVD titles, which include Million Dollar Baby, Phantom of the Opera and The Last Samurai to U.S. retailers. The shipment of the HD-DVD titles coincides with the launch of one of the next-generation High Definition DVD format players into the U.S. retail market.
“Cinram is very excited about the launch of this next-generation format of High Definition DVDs, as the new format will provide viewers with a greatly enhanced home entertainment experience,” stated Isidore Philosophe, founder & Chief Executive Officer. “This is just the beginning of a new revolution in home entertainment media, with unsurpassed picture quality and completely new viewer interactive features.”
Cinram is at the forefront of High Definition technology, offering manufacturing services for both HD and Blu-ray formats to the Hollywood Studios. The production and development of the new high definition formats is taking place at Cinram’s Olyphant facility in Pennsylvania, where Cinram has worked in collaboration with its technology providers and its Studio customers. After the initial product launch, high definition discs will be manufactured in other Cinram replication plants around the globe.
Cinram International Inc. is the world’s largest provider of pre-recorded multimedia products and related logistics services. With facilities in North America and Europe, Cinram manufactures and distributes pre-recorded DVDs, VHS video cassettes, audio CDs, audio cassettes and CD-ROMs for motion picture studios, music labels, publishers and computer software companies around the world. The Company’s shares are listed on the Toronto Stock Exchange (CRW) and are included in the S&P/TSX Composite Index. For more information, visit our Web site at www.cinram.com.
Certain statements included in this release constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or results of the multimedia duplication/ replication industry, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Such factors include, among others, the following: general economic and business conditions, which will, among other things, impact the demand for the Company’s products and services; multimedia duplication/replication industry conditions and capacity; the ability of the Company to implement its business strategy; the Company’s ability to retain major customers; the Company’s ability to invest successfully in new technologies and other factors which are described in the Company’s filings with the securities commissions.
Source: Cinram International Inc.
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