Research, Report & Profiling Services by IPOdesktop.com Ballantyne of Omaha Inc. (BTN) Stock symbol: BTN…..……………….……………..…..….….……………..Ave vol (3m) 19,100 Stock price 11/17/08: $1.45…………………..………………Common shares 9/30/08: 14.1mm 52 week price range: Hi/Low $1.25 to $6.00.…………Equity market capitalization: $20.4mm* *54% of tangible book value

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BUSINESS

Provider of digital cinema and film-based projection equipment and services, cinema screen technologies and specialty lighting equipment. Digital cinema focous on "The Americas" and in Hong Kong and the Peoples Republic of China.

Supplies major and regional theater chains and independent theaters, as well as top arenas, theme parks and architectural sites around the world

Of the $12.4mm in revenues for the quarter ended September 20, 2008, 91% were from theatre products and 9% were from lighting products. In the theatre segment 92% of revenue was generated from products, 8% from services

Ballantyne can fully outfit a theater’s cinema projection equipment and service needs, from site assessment to installation and ongoing maintenance of digital or film-based equipment. Ballantyne is the Master Reseller of NEC’s digital cinema projectors in the Americas

RECENT DEVELOPMENT

Ballantyne Authorizes $1 Million Share Repurchase Program, November 12, 2008…click for more

BALANCE SHEET LIQUIDITY

as of September 30, 2008

Cash and cash equivalents rose to $6.4 million as of September 30, 2008, from $4.9 million at June 30, 2008. The increase reflects more efficient use of working capital in Q3 2008.

At September 30, 2008, Ballantyne also had restricted cash of $1.2 million and $10.9 million in AAA-rated Auction Rate Securities (ARS), net of an unrealized loss of approximately $0.8 million recorded to reflect a temporary impairment of value of these securities.

In addition, Ballantyne has $13.4 million in availability under its lines of credit and no long term debt

Current ratio of 3 to 1 (current assets / current liabilities) excluding ARS holdings

Book value of $41.5mm, Tangible book value of $37.5mm

Has not historically and is not currently using derivative instruments to manage the interest rate and foreign currency risks

DOMESTIC THEATRE EXHIBITION INDUSTRY

The domestic theatre exhibition industry (including Canada) is highly concentrated with management estimating that the top ten exhibitors represent over 56% of the total industry. Based on information obtained from the National Association of Theatre Owners, there were approximately 37,000 screens in North America.

Although the theatre exhibition industry remains primarily based on the use of film technology to deliver motion picture images, the transition to digital images (digital cinema) including 3-D digital cinema, achieved measurable progress in 2007 after several years of research and development, and is gaining momentum in deployments

Factors which have limited the digital cinema implementation in the past have included high digital system costs; product availability for digital cinema; security, control and implementation issues, and a lack of standards for system quality and interoperability.

Though digital cinema offers significant potential savings via reduced film delivery and handling costs to movie distributors, third-party financial sources to fund these expenditures for the exhibitor had been limited

Digital Cinema Initiatives LLC ("DCI"), a venture created by the major motion picture studios, has made significant progress in resolving these standards and technology issues.

In addition, there have been several business plans created to solve the issue of which party would pay for the substantial costs of retrofitting theatre locations currently using film-based projection equipment. Many models now provide a method whereby the motion picture studios or other content providers pay for the digital equipment over time via Virtual Print Fees to third party funding entities for each "print" of a film that can be shown. Disruption in the capital markets has disrupted some of the capital formation required to fund digital cinema installations, most notably with Digital Cinema Implementation Partners, a consortium formed by the three largest US exhibitors to raise funding to support digital conversions within their network of over 16,000 cinema screens. However, other means of financing could arise as the digital cinema business models mature.

Address: 4350 McKinley Street, Omaha, NE 68112 Telephone: 914-253-8000 CEO: John P. Wilmers Web Site: http://www.ballantyne-omaha.com/

State of incorporation: DE Investor Contact: Jaffoni & Collins, David Collins, Ratula Roy, 212-835-8500, btn@jcir.com