SKYCITY Sells 50 Percent Stake in Vista

SKYCITY Sells 50 Percent Stake in Vista Entertainment Solutions to Vista Management Team

AUCKLAND, 24 May 2010 – Vista Entertainment Solutions today announced, for the first time since launching in 1995, a 100 percent ownership by management and staff. This follows the buyout of the 50 percent stake previously held by SKYCITY. The move follows several years of steady growth for Vista, a developer and supplier of cinema management software worldwide.

Vista CEO, Murray Holdaway, said “For some time, SKYCITY had signalled that it wished to divest its cinema arm and related businesses and focus on its core destinational casino and entertainment businesses.

Our relationship with SKYCITY was right at the time, and permitted our company to grow to its present leadership position. However, we are delighted to now have full control of the business and are excited about further expansion globally.”

SKYCITY CEO Nigel Morrison said, “We are pleased that the existing Vista shareholders and Management Team have acquired our 50% stake and wish Murray and the Vista Management Team all the best for their continued future expansion and success”.

About Vista
Vista is a world leader in cinema management software, with installations in over 47 countries including the United States, Canada, United Kingdom, Hong Kong, Mexico, India and Australia. The Vista software is used by a range of exhibitors from single screen independent cinemas to circuits with more than 100 sites and 600 screens. Vista is available in English, Chinese, Spanish, French and Portuguese, with other languages supplied on request.

Vista is a highly flexible product having been developed with the needs of the worldwide exhibition community in mind. Vista’s extensive product line covers Box Office, Concessions, Back Office, Online Ticket Sales and full Home Office function. The advanced functionality, proven reliability, as well as clean look and feel, have made Vista a leader in the cinema ticketing and concessions software market.

More information on Vista is available at www.vista.co.nz.

ENDS

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