[November 17, 2017] |
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MoviePass™ Launches New One Year Movie Theater Subscription Plan for $6.95 Per Month for a Limited Time Only
Helios and Matheson Analytics Inc. (Nasdaq: HMNY) ("HMNY") and
MoviePass™, the fastest growing movie theater subscription service in
which HMNY has agreed to purchase a majority stake, announced today that
MoviePass™ is offering a one year subscription plan for a flat fee of
$89.95 (including a $6.55 processing fee). Existing MoviePass customers
will receive 25% savings from their current $9.95 per month plan if they
subscribe to the new one year MoviePass™ subscription plan.
This press release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20171117005369/en/
$6.95 A Month (Photo: Business Wire)
The one year subscription plan will be available only for a limited
time, giving movie-lovers an opportunity to attend the movies they want
at an even lower price for an entire year.
MoviePass™ introduced its $9.95 per month subscription plan in August
2017, following a significant investment from HMNY. The investment has
enabled MoviePass™ to deliver on its vision to bring significant
innovation to the movie theater industry and drive increased attendance
to movie theaters and lower-budget films. New and existing subscribers
of MoviePass™ who take advantage of the new one year subscription plan
will be billed $89.95 for the year in advance at the time they subscribe
to the plan.
"This limited time offer is great for movie-lovers. At $6.95 per month,
it's hard to compare it to anything else that provides as much
entertainment for a full year," said Mitch Lowe, CEO of MoviePass. "We
are entering the prime movie going season, so now is the perfect time to
take advantage of the MoviePass™ movement," continued Mr. Lowe.
"HMNY continues to be the biggest supporter of MoviePass™, as it
outpaces any other movie theater subscription service and continues to
disrupt the movie theater industry," said Ted Farnsworth, Chairman and
CEO of HMNY. "We look forward to helping MoviePass™ continue to broaden
its reach and modernize the movie theater industry."
About Helios and Matheson
Helios and Matheson Analytics Inc. (NASDAQ: HMNY) 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. Its holdings include RedZone Map™, a safety and navigation
app for iOS and Android (News - Alert) users, and a community-based ecosystem that
features a socially empowered safety map app that enhances mobile GPS
navigation using advanced proprietary technology. Through TrendIt, HMNY
has acquired technology addressing crowd and migration patterns and
consumer behavior in real-time. The patented technology predicts
population behavior, along with a crowd's population size, origin and
destination. HMNY is headquartered in New York, NY and listed on the
Nasdaq Capital Market under the symbol HMNY. For more information, visit
us www.hmny.com.
About MoviePass
MoviePass Inc. is a technology company dedicated to enhancing the
exploration of cinema. As the nation's premier movie-theater
subscription service, MoviePass provides film enthusiasts with a variety
of subscription options to enhanc their movie-going experience. The
service, now accepted at more than 91% of theaters across the United
States, is the nation's largest theater network. For more information,
visit: www.moviepass.com.
Additional Information for Stockholders of HMNY about the Proposed
Transaction between HMNY and MoviePass and Where to Find It
HMNY plans to file with the U.S. Securities and Exchange Commission (the
"SEC (News - Alert)") and furnish its stockholders with a proxy statement in connection
with the proposed transaction with MoviePass and security holders of
HMNY are urged to read the proxy statement and the other relevant
materials when they become available because such materials will contain
important information about HMNY, MoviePass and their respective
affiliates and the proposed transaction. The proxy statement and other
relevant materials (when they become available), and any and all other
documents filed by HMNY with the SEC, may be obtained free of charge at
the SEC's website at www.sec.gov.
In addition, investors may obtain a free copy of HMNY's filings from
HMNY's website at www.hmny.com
or by directing a request to: Helios and Matheson Analytics Inc.,
Attn: Secretary, Empire State Building, 350 Fifth Avenue, Suite 7520,
New York, New York 10118, (212) 979-8228.
INVESTORS AND SECURITY HOLDERS OF HMNY ARE URGED TO READ THE PROXY
STATEMENT AND THE OTHER RELEVANT MATERIALS WHEN THEY BECOME AVAILABLE
BEFORE MAKING ANY VOTING OR INVESTMENT DECISION WITH RESPECT TO THE
PROPOSED TRANSACTION BETWEEN HMNY AND MOVIEPASS.
Participants in the Solicitation
HMNY and its directors and executive officers may be deemed to be
participants in the solicitation of proxies from the security holders of
HMNY in connection with the proposed transaction between HMNY and
MoviePass. Information about those directors and executive officers of
HMNY, including their ownership of HMNY securities, is set forth in its
annual report on Form 10-K for the year ended December 31, 2016, which
HMNY filed with the SEC on April 14, 2017, and its definitive proxy
statement on Schedule 14A filed with the SEC on October 3, 2017.
Investors and security holders may obtain additional information
regarding the direct and indirect interests of HMNY and its directors
and executive officers in the proposed transaction by reading the proxy
statement and other public filings referred to above.
Cautionary Statement on Forward-Looking Statements and Other
Information in this Press Release
Certain information in this communication contains "forward-looking
statements" about HMNY and MoviePass 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. Forward-looking statements are generally
identified by words such as "projects," "may," "will," "could," "would,"
"should," "believes," "expects," "anticipates," "estimates," "intends,"
"plans," "potential" or similar expressions. Such forward-looking
statements include, without limitation, statements regarding (i) the
expected completion of HMNY's acquisition of a controlling interest in
MoviePass (the "MoviePass Transaction"), (ii) the time frame in which
the MoviePass Transaction is expected to occur, (iii) the expected
benefits to HMNY and MoviePass from completing the MoviePass Transaction
and (iv) MoviePass' business. Statements regarding future events are
based on the parties' current expectations and are necessarily subject
to associated risks related to, among other things, the conditions to
the closing of the MoviePass Transaction may not be satisfied, the
occurrence of any event, change or other circumstances that could give
rise to the termination of the acquisition agreement between MoviePass
and HMNY, MoviePass' and HMNY's continuing need for additional
financing, and general economic conditions. Therefore, actual results
may differ materially and adversely from those expressed in any
forward-looking statements.
Such forward-looking statements are based on a number of assumptions.
Although management of HMNY and MoviePass believe 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 may
differ materially and adversely 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.
Risk factors and other material information concerning HMNY and
MoviePass are described in HMNY's Quarterly Report on Form 10-Q filed
with the SEC on November 14, 2017, in HMNY's Annual Report on Form 10-K
for the fiscal year ended December 31, 2016 and other HMNY filings,
including subsequent current and periodic reports, information
statements and registration statements filed with the SEC. 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
HMNY's and MoviePass' current expectations and HMNY 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.
In particular, MoviePass' $9.95 per month and $89.95 for one year
subscription pricing models are new. There can be no assurance that the
resulting rate of increase in its subscribers from the previously
announced $9.95 per month pricing model will continue or be sustained.
Also, there can be no assurance that any rate of increase in its
subscribers will result from the new $89.95 for one year pricing model,
and even if such an increase is achieved, that it will be sustained.
Moreover, an increase in the number of MoviePass™ subscribers provides
no assurance that the MoviePass™ business model will lead to
profitability.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171117005369/en/
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