GDC Technology SignsVPF Agreements with Six Prominent Argentinian Exhibitors
Hong Kong (June 25, 2015) –GDC Technology Limited (“GDC Technology”), a world-leading digital cinema solutions provider, is pleased to announce that it has entered into virtual Print Fee (VPF) agreements with six exhibitors in Argentina –Village Cines, CCA CinemaCenter, Cines Multiplex, Atlas Cines, CPM and Cinema la PlataCinemas–to manage a financial subsidy that assists with costs involved in the chains’ conversion to digital cinema. Collectively, the six converted a total of 241screens, at 41 locations, to digital last year, reaching 100% digitization. Under the VPF program, these exhibitors will recoup a portion of their investment via their VPF agreements with GDC Technology.
Manuel Arana, General Manager of GDC Latin America said: “We are very happy that these six prominent exhibitors have trusted us for this important move. This agreement demonstrates once again the flexibility of our VPF program, which allows both big chains and independent exhibitors to benefit from our digital cinema financial subsidies.”With GDC Technology’s reputable VPF services, it has managed to assist top exhibitors in the Asia Pacific, North America, and SouthAmerica in converting from analog to digital in a professional and cost-effective manner. GDC Technology has eight years of VPF experience and manages over 6,000screens under more than 800VPF agreements with worldwide content distributors and exhibitors. Founded in Singapore in 1999 and headquartered in Hong Kong, GDC Technology has established a global market presence and strong brand recognition with 13offices and 29local service centers around the world.
About GDC Technology Limited (www.gdc–tech.com)
GDC Technology Limited (“GDC Technology”) is a digital cinema solutions provider. GDC Technology develops, manufactures, and sells digital cinema servers, content storage systems, theater management systems, and network operations center software for digital cinema. GDC Technology also provides a suite of digital cinema products and services, including integrated projection systems, 3D products, projector lamps, and silver screens. GDC Technology’s subsidiary, GDC Digital Cinema Network Limited, manages VPF for approximately 5,000 theater screens and 250 motion picture distributors worldwide.
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