EX-99
3
v068156_ex99.htm
N
E W S B U L L E T I N
RE:
POINT.360
2777
N.
ONTARIO STREET
BURBANK,
CA 91504
Nasdaq
:
PTSX
FOR
FURTHER INFORMATION:
AT
THE COMPANY:
Alan
Steel
Executive
Vice President
(818)
858-1444
FOR
IMMEDIATE RELEASE - BURBANK, CA, March 8, 2007
POINT.360
PURCHASES THE ASSETS OF EDEN FX
Point.360
(Nasdaq: PTSX), a leading provider of integrated media management services,
today announced that it had acquired the assets of Eden FX, a leading
independent producer of visual effects for feature films, television programs
and commercial advertising content.
Haig
S.
Bagerdjian, Point.360's Chairman, President and Chief Executive Officer said:
"Content creation across all media is in continual need of highly realistic,
imaginative and intriguing visual effects. Due to the lower costs of digital
content as compared to the costs of live production, more heightened "realism"
has been made possible by today's highly skilled artists using sophisticated
software. This offers producers of films, TV programs and commercials more
production flexibility and time savings. Eden will give Point.360 another means
by which to cement relations with our existing customers by significantly
increasing our "from camera to customer" service offering, and adds Eden
customers to our post production client portfolio".
For
the
last several years, Eden FX has been one of the largest providers of visual
effects for network and cable television shows, feature films and TV
commercials. Among Eden's TV credits are such shows as "Ghost Whisperer,"
"Lost", "24", "The Office", "Surface", "Invasion", "Six Feet Under" and the
entire run of UPN's "Star Trek: Enterprise." Eden FX has provided visual effects
for such feature films as "Superman Returns", "The Last Mimzy", "Idlewild" and
"Hellboy."
Formed
in
2000 by visual effects and post-production notables John Gross and Mark Miller,
Eden FX specializes in 3D animation, compositing, 3D matte painting, character
animation and on-set supervision.
About
Point.360
Point.360
is one of the largest providers of high definition and standard definition
digital mastering, data conversion, video and film asset management and
sophisticated computer graphics services to owners, producers and distributors
of entertainment and advertising content. Point.360 provides the services
necessary to edit, master, reformat, convert, archive and ultimately distribute
its clients' film and video content, including television programming, spot
advertising, feature films and movie trailers.
The
Company delivers commercials, movie trailers, electronic press kits,
infomercials and syndicated programming, by both physical and electronic means,
to hundreds of broadcast outlets worldwide.
The
Company provides worldwide electronic distribution, using fiber optics,
satellites, and the Internet.
Point.360
Point.360's
interconnected facilities in Los Angeles, New York, Chicago, Dallas and San
Francisco provide service coverage in each of the major U.S. media centers.
Clients include major motion picture studios, advertising agencies and
corporations.
Forward-looking
Statements
Certain
statements in Point.360 press releases may contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.
Such
statements include, without limitation (i) statements concerning the Company's
projected revenues, earnings, cash flow and EBITDA; (ii) statements of the
Company's management relating to the planned focus on internal growth and
acquisitions; and (iii) statements regarding new business and new acquisitions.
Such statements are inherently subject to known and unknown risks, uncertainties
and other factors that may cause actual results, performance or achievements
of
the Company to be materially different from those expected or anticipated in
the
forward-looking statements. In addition to the factors described in the
Company's SEC filings, including its quarterly reports on Form 10-Q and its
annual reports on Form 10-K, the following factors, among others, could cause
actual results to differ materially from those expressed herein: (a) lower
than
expected net sales, operating income and earnings; (b) less than expected
growth, even following the refocus of the Company on sales and streamlined
operations; (c) actions of competitors including business combinations,
technological breakthroughs, new product offerings and marketing and promotional
successes; (d) the risk that anticipated new business may not occur or be
delayed; (e) the risk of inefficiencies that could arise due to top-level
management changes and (f) general economic and political conditions that
adversely impact the Company's customers' willingness or ability to purchase or
pay for services from the
Company. The Company has no responsibility to update forward-looking statements
contained herein to reflect events or circumstances occurring after the date
of
this release.

EX - 99 3 v068156 _ ex99 . htm N E W S B U L L E T I N RE : POINT . 360 2777 N . ONTARIO STREET BURBANK , CA 91504 Nasdaq : PTSX FOR FURTHER INFORMATION : AT THE COMPANY : Alan Steel Executive Vice President ( 818 ) 858 - 1444 FOR IMMEDIATE RELEASE - BURBANK , CA , March 8 , 2007 POINT . 360 PURCHASES THE ASSETS OF EDEN FX Point . 360 ( Nasdaq : PTSX ) , a leading provider of integrated media management services , today announced that it had acquired the assets of Eden FX , a leading independent producer of visual effects for feature films , television programs and commercial advertising content . Haig S . Bagerdjian , Point . 360 's Chairman , President and Chief Executive Officer said : " Content creation across all media is in continual need of highly realistic , imaginative and intriguing visual effects . Due to the lower costs of digital content as compared to the costs of live production , more heightened " realism " has been made possible by today 's highly skilled artists using sophisticated software . This offers producers of films , TV programs and commercials more production flexibility and time savings . Eden will give Point . 360 another means by which to cement relations with our existing customers by significantly increasing our " from camera to customer " service offering , and adds Eden customers to our post production client portfolio " . For the last several years , Eden FX has been one of the largest providers of visual effects for network and cable television shows , feature films and TV commercials . Among Eden 's TV credits are such shows as " Ghost Whisperer , " " Lost " , " 24 " , " The Office " , " Surface " , " Invasion " , " Six Feet Under " and the entire run of UPN 's " Star Trek : Enterprise . " Eden FX has provided visual effects for such feature films as " Superman Returns " , " The Last Mimzy " , " Idlewild " and " Hellboy . " Formed in 2000 by visual effects and post - production notables John Gross and Mark Miller , Eden FX specializes in 3D animation , compositing , 3D matte painting , character animation and on - set supervision . About Point . 360 Point . 360 is one of the largest providers of high definition and standard definition digital mastering , data conversion , video and film asset management and sophisticated computer graphics services to owners , producers and distributors of entertainment and advertising content . Point . 360 provides the services necessary to edit , master , reformat , convert , archive and ultimately distribute its clients ' film and video content , including television programming , spot advertising , feature films and movie trailers . The Company delivers commercials , movie trailers , electronic press kits , infomercials and syndicated programming , by both physical and electronic means , to hundreds of broadcast outlets worldwide . The Company provides worldwide electronic distribution , using fiber optics , satellites , and the Internet . Point . 360 Point . 360 's interconnected facilities in Los Angeles , New York , Chicago , Dallas and San Francisco provide service coverage in each of the major U . S . media centers . Clients include major motion picture studios , advertising agencies and corporations . Forward - looking Statements Certain statements in Point . 360 press releases may contain " forward - looking statements " within the meaning of the Private Securities Litigation Reform Act of 1995 . Such statements include , without limitation ( i ) statements concerning the Company 's projected revenues , earnings , cash flow and EBITDA ; ( ii ) statements of the Company 's management relating to the planned focus on internal growth and acquisitions ; and ( iii ) statements regarding new business and new acquisitions . Such statements are inherently subject to known and unknown risks , uncertainties and other factors that may cause actual results , performance or achievements of the Company to be materially different from those expected or anticipated in the forward - looking statements . In addition to the factors described in the Company 's SEC filings , including its quarterly reports on Form 10 - Q and its annual reports on Form 10 - K , the following factors , among others , could cause actual results to differ materially from those expressed herein : ( a ) lower than expected net sales , operating income and earnings ; ( b ) less than expected growth , even following the re focus of the Company on sales and streamlined operations ; ( c ) actions of competitors including business combinations , technological breakthroughs , new product offerings and marketing and promotional successes ; ( d ) the risk that anticipated new business may not occur or be delayed ; ( e ) the risk of inefficiencies that could arise due to top - level management changes and ( f ) general economic and political conditions that adversely impact the Company 's customers ' willingness or ability to purchase or pay for services from the Company . The Company has no responsibility to update forward - looking statements contained herein to reflect events or circumstances occurring after the date of this release .