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News & Events
Marcus Theatres Announces New Cinema in Findlay, Ohio
All Stadium Seating, Digital Sound Theatre Will Be Circuit's Third in Ohio
MILWAUKEE--(BUSINESS WIRE)--Jan. 6, 2005--Marcus Theatres Corporation, a division of The Marcus Corporation (NYSE:MCS), today announced plans for a new theatre at the Shops at Timberstone Commons in Findlay, Ohio. Still in the planning stage, the all-stadium seating, all-digital sound theatre will feature 12 screens and a dramatic art deco exterior design. Marcus Theatres(R) is the ninth largest circuit in the United States, and currently operates nearly 500 screens at 44 locations in Wisconsin, Illinois, Minnesota and Ohio. Other Marcus Theatres in Ohio are located in Columbus and Pickerington.
"Our new Findlay cinema will be designed from the ground up to be a state-of-the-art showplace where the combination of guest amenities, picture, sound and service will provide an unmatched entertainment experience. This amazing new theatre will take moviegoing to an entirely new level. We are very pleased to be part of the exciting growth in this community and the development of the Timberstone Commons," said Bruce J. Olson, president of Marcus Theatres.
"The Marcus Cinema of Findlay will create an entertainment destination in north-central Ohio that will attract families from throughout the five-county area. The planned Marcus Cinema will be a first-class facility and will become part of the vibrant growth of Findlay," Olson said.
"Our Findlay cinema will be easily accessible and will feature all of the amenities that today's moviegoers expect - stadium seating, digital sound, big curved screens, comfortable seats in every auditorium - and a lot more. The theatre will boast Marcus Theatres' 2010 art deco design concept, with crown moldings, murals, elegant warm woods, rich marble floors and granite counters that create an attractive upscale environment for moviegoers. Not only will the theatre have impressive picture and sound, the Marcus Cinema of Findlay will showcase the best new guest service technologies available in the industry, including online print-at-home ticketing, an e-mail showtime service and lobby entertainment on flat-screen monitors," Olson said.
Additional amenities at the Marcus Cinema of Findlay will include:
The Marcus Cinema of Findlay will be located at the northwest corner of the intersection of US 224 East and County Road 236. Construction is scheduled to begin in spring 2005, with an opening anticipated in early 2006.
Other Marcus Theatres expansion projects currently underway include a new 12-screen theatre opening in March 2005 in Saukville, Wis., and new theatres in Green Bay and Sturtevant, Wis., that will begin construction in spring 2005. Earlier this month, Marcus Theatres also announced plans for a new theatre in East Troy, Wis. In all, five projects with over 60 screens are currently under construction or in the planning stages.
Marcus Theatres, a division of The Marcus Corporation (NYSE: MCS), is the ninth largest theatre circuit in the United States and currently owns or operates 491 screens at 44 locations in Wisconsin, Illinois, Minnesota and Ohio. Headquartered in Milwaukee, Wisconsin, The Marcus Corporation is a leader in the lodging and entertainment industries. The company's Marcus Hotels and Resorts division owns or manages 10 hotels and resorts in Wisconsin, California, Minnesota, Missouri, and Texas and one vacation club in Wisconsin. For more information, visit Marcus Theatres' Web site at www.marcustheatres.com or The Marcus Corporation Web site at www.marcuscorp.com.
Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements will include words such as we "believe," "anticipate," "expect" or words of similar import. Similarly, statements that describe our future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties which could cause results to differ materially from those expected, including, but not limited to, the following: (i) the availability, in terms of both quantity and audience appeal, of motion pictures for our theatre division; (ii) the effects of increasing depreciation expenses and preopening and start-up costs due to the capital intensive nature of our businesses, including the possibility that such costs may exceed our expectations; (iii) the effects of adverse economic conditions in our markets, particularly with respect to our hotels and resorts division; (iv) the effects of adverse weather conditions, particularly during the winter in the Midwest and in our other markets; (v) the effects on our occupancy and room rates from the relative industry supply of available rooms at comparable lodging facilities in our markets; (vi) the effects of competitive conditions in the markets served by us; (vii) our ability to identify properties to acquire, develop and/or manage and continuing availability of funds for such development; (viii) the adverse impact on business and consumer spending on travel, leisure and entertainment resulting from terrorist attacks in the United States, the United States' responses thereto and subsequent hostilities; and (ix) our decisions regarding the use of the proceeds received from the sale of our limited-service lodging division and other asset sales. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Source: Business Wire / Marcus Theatres Corporation
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