Letter of intent concerning company establishment
Current report 22/2006 dated 12.05.2006
Yesterday, ATM S.A. and Monolith Films Sp. z o.o. signed the letter of intent concerning the establishment of a capital partnership to introduce to the market services of high quality film content distribution, i.e. VoD (Video on Demand). ATM will provide the company with technology ensuring safe access to the film content for cable television operators, telecommunications networks, and finally for all users of broad-band Internet connections. The contribution of Monolith Films will be the database of top film productions, both Polish and foreign movies, as well as experience in running operations related to film distribution in the Polish market. ATM and Monolith Films are planning to assume equal shares in the new company. The plan is that the company starts commercial operations in the second half of this year.
The cooperation with Monolith Films Sp. z o.o. is continuation of the strategy adopted by the Management Board of ATM S.A., to increase the Company value by way of creating new markets and taking significant positions in them.
Roman Szwed — President of the Management Board,
Tadeusz Czichon — Vice-President of the Management Board