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Digital Cinema Destinations Corp. (Digiplex) Acquires Cinema Centers Chain

Posted on Monday, April 23rd, 2012. Last Updated on Tuesday, June 26th, 2012 6:00 PM by Scott Jentsch

Digiplex Destinations LogoDigital Cinema Destinations Corp. (Digiplex) announced today that it has completed its acquisition of Cinema Centers, Inc. which owns five locations in Pennsylvania.

Digiplex Chairman and CEO Bud Mayo stated, "In conjunction with our Company's recent Initial Public Offering (IPO) we are delighted to complete the first of what we hope will be many accretive acquisitions. This important purchase adds five newly renovated PA-based theatres and 54-screens to Digiplex's fast-growing footprint.  Pursuant to our operating strategy, we are immediately commencing plans for installations of digital cinema projection systems throughout these auditoriums so we can bring a wide range of state-of-the-art digital entertainment to our new, valued patrons in Bloomsburg, Camp Hill, Reading, Selinsgrove, Williamsport and neighboring Pennsylvania communities."

The five Cinema Center locations affected are:

Digiplex currently operates three locations in New Jersey and Connecticut, so this acquisition expands their presence considerably.

Source: Digital Cinema Destinations Corp. Press Release



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