LAS VEGAS, March 20, 2017 (GLOBE NEWSWIRE) — XLI Technologies, Inc. (OTC PINK:XLIT) (the “Company” or “XLI”) is proud to announce the continuation of the Printed LightSheet Fixture installations which originally began on May 13, 2016 which was later put on hold due to the lack of financial support. James Schramm, CEO of XLI Technologies, Inc. has personally covered the cost of frames, additional Printed LightSheets, installation charges, shipping and facilitation. The install locations are as follows:
- On the hallway walls in the auditorium leading to and from the screen/seats (5 to 15 potential locations per auditorium).
- Above the exit sign in the auditorium, located above the walkway to and from the screen/seats (1 to 2 potential location per auditorium).
These 200 Printed LightSheet fixtures will stay illuminated before, during and after a movie in each auditorium. Additionally there is an option to have a “landscape” wide movie look/fixture (3 feet wide by 2 feet tall) or “standard” look/fixture (2 feet wide by 3 feet tall). The option to present an image in a wide landscape format in a movie theater has never existed until now. Not only is this the most advanced and cutting edge technology, but provides one of the largest margins and profitability today for a theater chain.
Advertisers benefit at less than a fraction of the cost from the multi-million dollar advertising campaigns of movies. The Printed LightSheet Fixtures are the only “In Theater” advertising that guarantees an average awareness of 90% per location (auditorium). The average cost to advertise is only $5.00 per movie showing. A list of the theaters will be provided after the install program is complete.
James Schramm, CEO of XLI Technologies, Inc., commented, “It took over a year of testing to open the Printed LightSheet Fixture program on May 13, 2016. It took almost another year after this opening to discover a more effective, affordable and powerful positioning. This will generate 2 times more revenue for the theaters without the cost and/or risk. This also created better awareness at a higher level for the advertiser (more for the money). Being underfunded slowed the original rollout plan, which caused us to re-evaluate the positioning at hand. We have learned so much from these same objectives within the past year. By re-positioning the rollout, installations and cost/expenses created a faster, more effective and exciting way to get this program moving now and start generating the revenues that were expected a year ago. This repositioning will help us get closer to our original plan within a year. I personally budgeted for 200 fixtures only and will invoice the company when we complete all 200. I feel that it is important to get some activity going with revenue during the time that I am getting the company back to be currently reporting. We expect to exceed the revenue goals and objectives which were set a year ago.”
About XLI Technologies, Inc.
XLI Technologies, Inc., provides unique, versatile, durable, and eco-friendly Nanotechnology printed lighting products (Printed LightSheets) to select companies in the automotive, construction and exclusively the entertainment sector, including movie theaters, movie studios, production and distribution companies, talent and management agencies, marketing and PR firms, and outdoor media in the USA and Canada. The Company is also exploring several other potential applications of the technology.
Notice Regarding Forward-Looking Statements
This press release contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with intellectual property protection, marketing and sale, manufacturing and distribution and difficulties associated with obtaining financing on acceptable terms. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
CONTACT: contact: [email protected]