|Register Now | Log in|
|Home: BigScreen Journal - Digital Cinema Destinations Corp. (Digiplex) Acquires Cinema Centers Chain|
Digital 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
No comments found. Be the first and let us know what you think!
|Commenting on Journal Articles is available only to our readers who have customized this site, which makes it easier for you to complete the form and for us to contact you with any questions or concerns about your comments.|
Please login or register a new account before continuing.
Our registered members enjoy more features, including:
Basic accounts are free -- sign up today!
Log in to retrieve your saved settings.
|The BigScreen Cinema Guide is a service of SVJ Designs LLC. All graphics, layout, and structure of this service (unless otherwise specified) are Copyright © 1995-2013, SVJ Designs. The BigScreen Cinema Guide is a trademark of SVJ Designs. All rights reserved.
'ACADEMY AWARDS®' and 'OSCAR®' are the registered trademarks and service marks of the Academy of Motion Picture Arts and Sciences.