Exhibit 99.1

Ballantyne Reports 13.7% Q4 and 35.3% FY ‘11 Revenue Increases

- $1.6 Million Q4 Net Income and $0.11 Diluted EPS after $0.04 severance charges -

- $10.3 Million FY ‘11 Net Income and $0.71 Diluted EPS after $0.04 severance charges -

OMAHA, Nebraska (March 12, 2012) Ballantyne Strong, Inc. (NYSE Amex: BTN), a provider of digital cinema projection equipment and services, cinema screens and other cinema products, today reported financial results for the fourth quarter (Q4) and twelve months ended December 31, 2011.

Q4 Financial Summary

·                  Net revenues increased 13.7% to $51.5 million.

·                  Operating income of $2.7 million included $1.0 million pre-tax severance charge pursuant to the ‘strategic refocus’ announced January ‘12.

·                  Achieved net income of $1.6 million, or diluted earnings per share of $0.11, as both amounts were negatively impacted by the after-tax severance charge of $0.04.

Q4 Results

Ballantyne Strong’s quarterly net revenues increase was led by a 101.3% year-over-year increase in digital service sales, 17.0% growth in digital equipment sales and 46.3% growth in lighting revenues.  Cinema screens also contributed $3.3 million during the period, but fell from $6.0 million in Q4 2010, a record-setting quarter for screen sales.

The Company announced a strategic refocus on global growth opportunities in digital products and services in early January 2012 but the financial impact of a $1.0 million pre-tax severance charge associated with the initiative was accounted for in Q4 2011 results, negatively impacting operating and net income for the period and full year.

Consolidated gross profit was $7.3 million, or a 14.2% gross margin on net revenues, compared to gross profit of $8.0 million, or 17.7% of net revenues in the year-ago period.  The gross profit margin decline was primarily attributable to an increase in the contribution of digital product sales to the revenue mix as these carry higher price points but lower margins, coupled with lower sales of high margin screens.

Selling expenses declined to $1.0 million, or 2.0% of net revenues, from $1.5 million in Q4 2010, or 3.4% of net revenues.  The year-over-year decline was largely related to lower salaries and commissions.  General and administrative (G&A) expenditures (excluding the $1.0 million

severance charge) remained flat at $2.7 million in Q4 2011, compared to $2.7 million in Q4 2010, but declined during Q4 2011 to 5.2% of revenues, versus 6.0% of Q4 2010 revenues.

2011 Full-Year Results

Net revenues rose 35.3% to an all-time record $184.4 million.  Digital product sales increased 59.5% and accounted for 75.3% of the full-year total.  Gross profit grew 22.1% to $30.2 million, or 16.4% of net revenues.  Net earnings rose 22.7% to $10.3 million, or $0.71 per diluted share, which includes a $0.04 impact associated with the Company’s corporate refocus, compared to net earnings of $8.4 million, or $0.59 per diluted share in the year-ago twelve-month period.

Balance Sheet and Cash Flow Update

Ballantyne’s cash and cash equivalents balance increased $17.4 million from the September 30 level to finish the year at $39.9 million, reflecting operating cash flow of $17.7 million during Q4 2011. This significant increase was primarily due to improved working capital driven by a reduction in receivables to $33.2 million from $53.8 million at the end of Q3 2011, when a significant amount of sales were generated but not collected until the following quarter, and also due to reduced inventory offset by lower payables.

The Company generated cash flow from operations of $20.1 million during FY ‘11 and spent approximately $2.9 million on capital expenditures during the year, down from $6.8 million a year-ago.  Year-ago cap-ex included $5.8 million for the completed purchase and expansion of the cinema screen manufacturing facility and $0.5 million for the construction and installation of the state-of-the-art Digital Network Operations Center (NOC)

Ballantyne Strong President and CEO Gary L. Cavey stated, “The 2011 fourth quarter topped off Ballantyne’s all-time most profitable year as we truly capitalized on our leadership position as a one-stop, global turnkey cinema products and services provider, backed by a customer-centric reputation built over 80 years of serving the exhibition industry.

“For decades, Ballantyne had been known as a worldwide leader in the manufacturing and marketing of analog projectors, but as cinema has been in the process of rapidly transforming into a digital-focused industry in recent years, our Board and senior management agreed that the best course of action was to completely exit the 35 mm projector business and divest our Omaha, NE-based manufacturing facility.

“Accordingly, we initiated a strategic refocus on global growth opportunities in digital products and related services, including after-sale maintenance and 24/7 proactive NOC (Network Operations Center) monitoring from our facility, and increased product offerings, which will be following us to a new, smaller corporate headquarters that will also be based here in Omaha.  We are currently scouting potential locations.

“In addition to our focus on growing the Company’s service business we continue to be a leading reseller of both Barco and NEC projection systems in the Americas, where thousands of analog screens remain to be digitized.  We remain excited about the opportunity to sell NEC equipment in Asia, especially China, where new theatre construction should continue for years

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to come given the relatively small number of screens that serve a population of more than 1.3 billion.

“We will continue manufacturing a wide array of cinema screens at our cutting-edge Quebec operation and have recently begun shipping to India, an exciting new market for us.  Lastly, we are also placing a renewed emphasis on Ballantyne’s LED lighting business, a segment we believe has an untapped growth opportunity for both our own products and distributing partners’ brands,” concluded Mr. Cavey.

Investor Relations Presentation

The Company will post an updated Investor Relations PowerPoint presentation on its corporate website in the Investor Relations section prior to its Tuesday morning Q4 results conference call/webcast.

About Ballantyne Strong, Inc. (www.strong-world.com)

Ballantyne Strong is a provider of digital cinema projection equipment and services as well as cinema screens, motion picture projectors and specialty lighting equipment and services.  The Company supplies major and independent theater chains, top arenas, theme parks and architectural sites around the world.

Except for the historical information in this press release, it includes forward-looking statements that involve risks and uncertainties, including but not limited to, quarterly fluctuations in results; customer demand for the Company’s products; the development of new technology for alternate means of motion picture presentation; domestic and international economic conditions; the management of growth; and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings.  Actual results may differ materially from management’s expectations.

- tables follow -

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Ballantyne Strong, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations

Three and Twelve Months Ended December 31, 2011 and 2010

(Unaudited)

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Ballantyne Strong, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

December 31, 2011 and December 31, 2010

(In thousands)

(Unaudited)

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Selected Cash Flow Statement Items (Unaudited):

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