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ARHT Media

ARHT Media

Be there, as a hologram.

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Invest in HoloPresence™
Growth everywhere.

ARHT Media is the global leader and inventor of leading-edge holographic presence experiences with a growing network of HoloPresence™ capture locations and HoloPresence™ displays. The Company empowers executives, educators, entertainers, medical practitioners, and speakers to be present anywhere on the planet appearing live as a high-quality lifelike hologram. 

ARHT Media – Selected for the 2021 TSX Venture 50

ART.WT Quotes by TradingView

Stock Exchange

TSX Venture (Toronto, Canada)
TSXV:ART

OTCQB (New York, USA)
OTCQB:ARHTF

Company Contact

ARHT Media Inc.
195 Bentworth Ave, Unit 2
Toronto, ON M6A 1P9
+1-416-782-8042
info@arhtmedia.com

Transfer Agent

Equity Financial Trust Corporation
200 University Avenue, Suite 400
Toronto ON M5H 4H1
Tel: (416) 361-0152
Fax: (416) 361-0470

CUSIP Number: 040328106
(ISIN CA 0403281060)

Regulatory Filings

Please click here to access all of ARHT Media Inc.’s regulatory filings on SEDAR, the Canadian source for public company information.

Outlook and Strategy Summary

During the first six months of 2021 revenue has increased by 393% over the same period last year. The Company’s cash position on June 30, 2021, was $4,165,032, with another $1,789,782 of in-the-money warrants expiring this year. On March 17, 2021, the Company completed the largest equity offering in its history and the only debt, a $1.9M debenture was retired 7.5 months before the scheduled maturity date.

In Q2 2021 the world’s first global holographic network of up to 100 locations was announced with WeWork and two new products were launched during the pandemic, the HoloPod™ permanent display and VGS™ online display. These products accounted for 69% of revenue during the first six months of 2021. 85% of Q2 2021 revenue was from repeat and recurring clients, a trend that has continued since that time, demonstrating the “stickiness” of the offering.

All of this has resulted in the Company being featured in the Wall Street Journal, Forbes, Fast Company, Financial Times (UK), The Washington Post, The Times of London, PBS, Sirius XM Radio and numerous other media outlets. 

Having been forced to utilize technology to communicate with their teams and clients, enterprise organizations are realizing efficiencies and cost savings they did not think were possible while still getting the job done. This trend will benefit the Company as it works with various stakeholders to help them achieve their goals while keeping their employees safe. Many clients can utilize HoloPresence™ as a foundational carbon strategy by reducing greenhouse gas emissions associated with air travel. Our current sales funnel is the most robust it has ever been from both a quality and quantity perspective and a number of strategic initiatives completed throughout fiscal 2020 and 2021 have positioned the Company well for revenue growth in 2021 and beyond.

Leadership

The company is led by veteran sales and marketing executive Larry O’Reilly and finance and operations executive Rick Blum.  Previously, Mr. O’Reilly was the President, World Wide Sales at the IMAX Corporation and oversaw the team that expanded the number of IMAX Theatres from 70 locations to over 1400 locations globally.  Previously, Mr. Blum, a CPA, acquired a distressed parts and service company, turned it around and expanded it dramatically before selling the business to private equity and then oversaw a national roll-up of the business on behalf of the new owners.

Mr. O’Reilly and Mr. Blum are supported by a board of directors with business expertise in management, legal, finance, business development and technology internationally.  

The Company’s executive team includes Andrew Dorcas with sales and marketing experience at both Sony and Samsung Consumer Electronics Canada, BJ Hjelholt with production experience with numerous Canadian broadcasters, Chris Appleton with experience as a business development and technology executive with Sony Professional Products and the IMAX Corporation manages ARHT’s partnership with WeWork, Karine Koh with over 15 years of experience in the events industry throughout Asia, Jennifer Pelletier an award-winning project manager from the events industry, Vasily Rybov a CPA with experience in the technology scale-up business and Alex Krivoi the architect of the software that drives ARHT’s proprietary transmission server the ARHT Engine.

Business Model

A combination of enterprise organizations interested in reducing expenditure on business travel, reducing carbon emissions and finding a better work/life balance for employees all accrue to the benefit of ARHT Media. The Company helps enterprise organizations achieve these objectives while delivering communication that is comparable to being there in person. As clients realized these benefits, by expanding their own network of capture and display locations, the high margin recurring revenue of both transmission fees and software maintenance will increase as a percentage of the Company’s overall revenue. 

The Company has initiated strategic sales initiatives, including the ARHT Media and WeWork Strategic Partnership, their Land and Expand Strategy and continues to expand upon its Channel Sales Strategy. The Company has focused its sales and marketing initiatives on a list of global Fortune 500 companies, in various business segments, including health care, technology, financial and professional services, entertainment, as well as the education sector. 

The partnership with WeWork will dramatically expand ARHT Media’s global network of technology. With up to 100 locations globally and possibly more, this is the first large-scale network of its holographic technology. This large-scale network provides ready access to ARHT’s technology for organizations of all sizes globally. 

The Company’s technology can be rented and used for a variety of one-off events such as product launches, client meetings, sales conferences, town hall meetings, doctor training, 5G showcases, press events and more. Clients have reported that the technology facilitates a higher level of audience engagement and interaction, higher levels of content retention and results in higher net promoter scores when compared to a live in-person presentation.  The technology can also be purchased for both capture and display, which generate both one-time and ongoing revenue through Transmission and Maintenance Fee subscriptions.


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      Board
      of Directors

      William Connell “Con” Steers

      Chairman

      Mr. Steers brings to the Company over 40 years of international business development and management experience.

      He is a partner at IMC Consultoria Representacao Com. Int. Ltda. that among other activities, successfully introduced IMAX to Brazil.

        Larry O’Reilly

        CEO & Director

        Mr. O’Reilly is an international media and entertainment executive who is currently the CEO of ARHT Media, the global leader in HoloPresence™ communication.

        Mr. O’Reilly joined ARHT in Feb 2018 with a goal to monetize a technology that had transported celebrities such as Stephen Hawking, Tony Robbins, Gary Vaynerchuck, Prime Minister Trudeau and others to all corners of the world.

        Prior to ARHT, he was President, World Wide Sales at the IMAX Corporation where he led the team that expanded the network of IMAX Theatres from 70 to over 1400. Mr. O’Reilly is a graduate of Wilfrid Laurier University where he studied Political Science and Business and is based in Toronto, Canada.

          Jonathan Pollack

          Director

          Jonathan Pollack is the President of Samacha Capital Inc, a private investment firm. Previously, he was the Chief Financial Officer of AcuityAds Holdings Inc. (TSX/NASDAQ), the Chief Financial Officer of Kaboose Inc. (TSX) and the Executive Vice President of API Technologies (NASDAQ), as well as an investment banker in New York. Mr. Pollack serves on the board of several public and private companies, as well as numerous philanthropic organizations. Mr. Pollack received a Master of Science degree in Finance from the London School of Economics and a Bachelor of Commerce degree from McGill University.

            Deborah Beatty

            Director

            Deborah Beatty is the Vice President of Corporate Strategy at PointClickCare, Canada’s leading private-equity-backed healthcare technology company. Deborah has extensive experience helping businesses build robust growth strategies leveraging new technologies, across several geographies. Previously, Deborah was the Head of Strategy for Middle East & Africa for Apple Inc., COO of Monitor Company in MENA, Vice President of Digital at Astral Media (TSE) and Corus Entertainment (TSE/NYSE), and a strategy consultant at Monitor Company based in New York and London. Deborah has an MBA from INSEAD and a BA from Princeton University.

              Richard Carl

              Director

              Mr. Carl has extensive experience in serving as a board member and in executive roles for private and public companies across a number of industries. Mr. Carl currently sits on the board of directors of Clearview Resources where he chairs the audit committee, is a member of the compensation committee and has recently chaired the corporation’s special committee that led to a merger with Bashaw Oil Corp.

              Additionally, he is part of the board of trustees of InvetPlus REIT, a private real estate investment trust based in Calgary.  As well as serves on the board of Dealnet Capital Corp., a TSX-V listed consumer finance company where he chairs the risk committee.  Mr. Carl also sits on the board of directors of New Wave ESports a TSX-V listed company.

                David Wetherald

                Director

                Mr. Wetherald brings over 30 years of legal, human resources and corporate governance experience. Most recently, he was a member of the senior management team at Toromont Industries Ltd. as Vice-President, Human Resources, Legal and Corporate Secretary.

                Mr Wetherald previously enjoyed a successful stint at Torstar Corporation from 1991 to 2002 in progressively senior positions culminating as Director of Development and Legal Affairs and Corporate Secretary. Mr Wetherald commenced his career as a Corporate Law lawyer at Davies in 1988.

                  Timothy Casgrain

                  Director

                  Mr. Casgrain is a director of Wilmington Capital Management Inc. and former Chair of CBC Radio Canada, as well as a former Executive Vice President at Brookfield Asset Management and Vice-Chair of Skyservice Business Aviation.

                  Mr. Casgrain received an undergraduate degree from McGill University and is a Chartered Accountant.

                    Leadership
                    Team

                    Larry O’Reilly

                    CEO

                    Mr. O’Reilly is an international media and entertainment executive who is currently the CEO of ARHT Media, the global leader in HoloPresence™ communication.

                    Mr. O’Reilly joined ARHT in Feb 2018 with a goal to monetize a technology that had transported celebrities such as Stephen Hawking, Tony Robbins, Gary Vaynerchuck, Prime Minister Trudeau and others to all corners of the world.

                    Prior to ARHT, he was President, World Wide Sales at the IMAX Corporation where he led the team that expanded the network of IMAX Theatres from 70 to over 1400. Mr. O’Reilly is a graduate of Wilfrid Laurier University where he studied Political Science and Business and is based in Toronto, Canada.

                      Rick Blum

                      CFO & COO

                      Mr. Blum held the position of VP and CFO o1f a high-growth TSE 300 listed company that grew 10 fold over a period of 5 years. Through the growth, Rick oversaw the Initial Public Offering and a number of subsequent financings. He was also responsible for building the finance and administrative infrastructure of the company and was involved in all acquisitions and the subsequent integration of the acquired companies. 

                      Rick purchased RG Henderson, a parts distribution and service Company in May of 2000. He significantly grew topline revenue and profitability and in February of 2013 sold the company to a private equity firm. The private equity firm completed a number of subsequent acquisitions in the Canadian market and Rick continued as the President of a newly formed company, Heritage Food Service Group of Canada Limited. Rick was responsible for building the national parts distribution division, Heritage Parts Canada. Rick holds a business degree from the University of Toronto and has both his CPA and CA designations.

                        Senior
                        Management

                        Andrew Dorcas

                        SVP of Global Sales & Marketing

                        Andrew is our SVP of Sales and Marketing, leading our international sales and marketing teams. He is a goal-oriented, senior business professional with a proven track record of success, building and growing businesses and working with amazing people, collaborative teams, and considers himself a passionate and skilled business leader.

                        With an extended background in leading tech companies like Samsung and Sony, Andrew has an ingrained passion for innovative technologies. Andrew holds an MBA from the University of Toronto’s Rotman School of Management and graduated class valedictorian.

                          Karine Koh

                          MD, Asia & Oceania

                          Karine heads up our Asia Pacific & Oceania region and brings more than 15 years of experience in both event production and business development in the MICE industry. Prior to joining ARHT in 2019, Karine worked with numerous reputable event agencies such as Freeman, WRG (now The Creative Engagement Group), Uniplan, MCI and Emotion Asia. Her tenure saw her overseeing the production and management of events over several portfolios. She has been instrumental in curating, managing and delivering events for global corporations, and high-end luxury brands. Her portfolio includes AT&T, Ericsson, Visa, Bloomberg, Schroders, HSBC, AIA, LWMH Group of companies, Pernod Ricard, Roger Dubois, AB Inbev, Adidas and DFS Group. With a focus on business development and expanding ARHT’s Asia footprint, Karine splits her time between Hong Kong and Singapore, as well as frequently travels to build relationships for ARHT in Australia, Korea, Japan and throughout the rest of the region.

                            BJ Hjelholt

                            VP, Production & Technology

                            As the VP, Production & Technology at ARHT Media, BJ plays a major role in all things related to video content, live event production, and is heavily involved in the R&D of ARHT’s technology offerings. Through his commitment to this role, he has helped ARHT improve the quality of both its live event services and end-user products.

                            Prior to his current role at ARHT, BJ worked as a Director of Technology helping our content and project teams deliver high-quality experiences for clients. Before joining ARHT, he held the title of Video Production Manager at Big Red Oak Inc. an award-winning creative content agency, and Series Producer at Insight Sports Ltd.

                              Chris Appleton

                              VP Business Development and Execution

                              Chris is our VP of Business Development and Execution, with a focus on strategic partners.  He is a resourceful and intuitive strategy execution specialist with an unmatched passion for delivering exceptional guest experiences to audiences around the world.  Chris has an extensive history in the premium cinema space where he worked with industry leaders IMAX, Harkness Screens, and Sony to thrill guests with unparalleled images and audio.

                              Working with innovative companies with incredible reach has provided him with the unique opportunity to engage with amazing organizations and talented individuals in more than 75 countries.  Chris attended Jacksonville State University and is based in Birmingham, Alabama.

                                Vasily Ryabov

                                Controller

                                Before joining ARHT Media, Vasily has spent several years working with high-growth tech startups both in full-time finance and consulting capacities. He was responsible for establishing accounting and finance infrastructure to support the continued growth.

                                Prior to that Vasily worked in an assurance practice of a downtown-based public accounting firm, where he obtained his CPA, CA designation. Vasily also has a BSc in Computer Science, which he utilizes to integrate established and emerging technologies into financial reporting processes at ARHT.

                                  Alex Krivoi

                                  Director, Engineering

                                  Technology leader with an extensive background in computer vision, video processing and machine learning. Alex spent the last 10 years helping early-stage ventures with R&D, technology strategy, software architecture and execution. Skilled in decision-making, problem-solving, managing multiple projects and cross-functional teams.

                                  Alex is leading the development of ARHT Media proprietary software/hardware platform for media playback and low latency streaming of live events with high-quality two ways real-time communication over the Internet. Resulting integrated solution already enabled hundreds of successful live events and numerous presentations and has clients all over the globe.

                                  Areas of interest: video streaming, computer vision, SAAS, real-time communication, entrepreneurship, games.

                                  Alex holds a BS in Information Technology, Statistics and Cybernetics from the Academy of Economic Studies of Moldova.

                                    Jennifer Pelletier

                                    Director, Projects

                                    Jennifer joined ARHT Media in 2019. As the Director of Projects, she manages a team of focused, solution-based project management experts. With over 10 years of experience in event and project management, Jennifer brings a wealth of experience and knowledge to her role.

                                    She is a Certified Meeting Professional (CMP) as well as Project Management Professional (PMP). When she isn’t supporting the delivery of HoloPresenceTM across the globe, Jennifer is volunteering on the Board of Directors for the MPI Toronto Chapter and spending quality time with her family.

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                                      Headquarters
                                      195 Bentworth Avenue, Unit 2
                                      Toronto, ON M6A 1P9

                                      +1 (416) 782-8042
                                      info@arhtmedia.com
                                      ARHT Media is publicly traded
                                      on the TSX Venture Exchange.
                                      ART Price Today by TradingView
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