Former VP of Business Development to Drive
Day-to-Day Operations, Elevate the Company Into Its Next Phase and
Lead Integration Plan with Moviefone™, and MoviePass Ventures
MoviePass™, the nation’s premier movie theater subscription
service and a majority-owned subsidiary of Helios and Matheson
Analytics Inc. (Nasdaq:HMNY) (“Helios”), today announced the
appointment of Khalid Itum to Executive Vice President. Previously
MoviePass’ Vice President of Business Development, Itum will
continue to report to CEO Mitch Lowe. Itum will manage day-to-day
operations at MoviePass, working closely with both Lowe and HMNY
CEO Ted Farnsworth to spearhead company development, and drive its
exhibition and distribution strategies forward. Itum will also be
responsible for creating its strategic plan and ensuring its
implementation.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20181203005507/en/
MoviePass™ Promotes Khalid Itum to
Executive Vice President (Photo: Business Wire)
“Khalid is a unique talent with an amazing vision, who has been
an integral part of MoviePass since 2014,” said Lowe. “Before
coming on in a full-time capacity in 2017 to lead our studio
affairs and distributor partnerships, he played a significant role
as an advisor. As we continue to spur innovation across the
industry, he not only strengthens our sales and operations efforts
across the organization, but he deepens our relationships within
the industry ecosystem.”
In his role as Vice President of Business Development, Itum had
been responsible for driving revenue through multiple studio and
independent distributor partnerships and various brand and content
deals. He played a crucial role in growing MoviePass’ Los Angeles
office and led the strategic formation of MoviePass Ventures and
its first acquisition of American Animals — alongside The Orchard —
at the 2017 Sundance Film Festival. He also spearheaded the
acquisition of Moviefone™ from Oath earlier this year.
“Khalid has a proven track record and I believe he will serve
our financial goals and increase our overall operating
performance,” said Ted Farnsworth, CEO of Helios and Matheson.
“Khalid brings a remarkable enthusiasm and passion to the job each
day and truly shares in the overall vision of MoviePass.”
“I’m eager to continue building MoviePass and am proud of how
far we’ve come. The road hasn’t been easy — and the hyper growth
has been challenging. However, we’ve taken a hard look over the
past few weeks and months at what needs to happen in order to not
just preserve what we’ve built, but to use it as a foundation upon
which to build. Because of this, I know we’ll emerge a better
partner to the theaters (big and small), major studios and
independent distributors with whom we have the privilege of working
to collectively best serve the interests of the American consumer,”
said Khalid Itum, Executive Vice President of MoviePass. “You may
notice we’ve been out of the news for some time, and that’s been by
design. At MoviePass, we’ve recently prioritized building toward a
vision that aligns our success with greater consumption of
entertainment. You’ll soon be able to judge for yourselves, and I
believe that the best marketing we can do, today and always, is to
enhance our product and treat our subscriber as a member of
something special: because that’s what MoviePass is to a great
number of Americans already. It’s on us to regain their trust. I
believe the future is bright for our company, and I couldn’t do it
without my team which has been giving its 200% dedication and
effort to transform the offering and platform into its full
potential. I look forward to announcing some powerful additions to
our management team to join with us in charging forward.”
About Helios and Matheson Analytics
Helios and Matheson Analytics Inc. (Nasdaq:HMNY) (“Helios”) is a
provider of information technology services and solutions, offering
a range of technology platforms focusing on big data, artificial
intelligence, business intelligence, social listening, and
consumer-centric technology. Helios currently owns approximately
92% of the outstanding shares (excluding options and warrants) of
MoviePass Inc., the nation's premier movie-theater subscription
service. Helios' holdings include RedZone Map™, a safety and
navigation app for iOS and Android users, and a community-based
ecosystem that features a socially empowered safety map app that
enhances mobile GPS navigation using advanced proprietary
technology. Helios is headquartered in New York, NY and listed on
the Nasdaq Capital Market under the symbol HMNY. For more
information, visit us at www.hmny.com.
About MoviePass Inc.
MoviePass Inc. (“MoviePass”) is a marketing technology platform
enhancing the exploration of film and the moviegoing experience. As
the nation's premier movie-theater subscription service, MoviePass
provides film enthusiasts the ability to attend select new movies
in theaters. The service, now accepted at more than 91% of theaters
across the United States, is the nation's largest theater
network. Visit us at moviepass.com.
Cautionary Statement on Forward-looking Information
Certain statements in this communication contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 or under Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended (collectively, “forward-looking statements”) that
may not be based on historical fact, but instead relate to future
events, including without limitation statements containing the
words “believe”, “may”, “plan”, “will”, “estimate”, “continue”,
“anticipate”, “intend”, “expect” and similar expressions. All
statements other than statements of historical fact included in
this communication are forward-looking statements.
Such forward-looking statements are based on a number of
assumptions. Although Helios’ management believes that the
assumptions made and expectations represented by such statements
are reasonable, there can be no assurance that a forward-looking
statement contained herein will prove to be accurate. Actual
results and developments (including, without limitation, whether
Mr. Khalid will be able to increase MoviePass’ overall operating
performance) may differ significantly from those expressed or
implied by the forward-looking statements contained herein and even
if such actual results and developments are realized or
substantially realized, there can be no assurance that they will
have the expected consequences or effects. Some, but not all, of
these risks include, among other things:Helios’ ability to
successfully develop the business model of MoviePass, Moviefone,
MoviePass Films and MoviePass Ventures; Helios’ and MoviePass’
capital requirements and whether they will be able to raise capital
as needed; Helios’ ability to fulfill its payment obligations to
its merchant processors in a timely manner to prevent MoviePass
service interruptions; Helios’ ability to integrate the operations
of MoviePass, Moviefone, MoviePass Films and MoviePass Ventures and
other acquired businesses into its operation; Helios’ ability to
retain its existing subscribers and market and sell its services to
new subscribers; the success of cost-reduction and subscription
revenue increase measures and Helios’ ability to continue to
generate non-subscription revenue; the impact of legal proceedings
against Helios and MoviePass; Helios’ ability to satisfy Nasdaq
listing criteria deficiencies and whether Nasdaq may conclude the
delisting of Helios’ common stock is in the public interest;
whether Helios will continue to receive the services of certain
officers and directors; Helios’ ability to protect its intellectual
property and operate its business without infringing upon the
intellectual property rights of others; and the risk factors
described in Helios’ Annual Report on Form 10-K for the fiscal year
ended December 31, 2017, subsequent quarterly reports on Form 10-Q
and other filings, including subsequent current and periodic
reports, information statements and registration statements filed
with the U.S. Securities and Exchange Commission. You are cautioned
to review such reports and other filings at www.sec.gov.
Given these risks, uncertainties and factors, you are cautioned
not to place undue reliance on such forward-looking statements and
information, which are qualified in their entirety by this
cautionary statement. All forward-looking statements and
information made herein are based on Helios’ current expectations
and Helios does not undertake an obligation to revise or update
such forward-looking statements and information to reflect
subsequent events or circumstances, except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181203005507/en/
LaunchSquad for MoviePassGavin Skillman,
212-564-3665moviepass@launchsquad.com
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