B. Riley & Co. Acted as Co-Manager in $81 Million Underwritten Public Offering for Carmike Cinemas

B. Riley & Co. Acted as Co-Manager in $81 Million Underwritten Public Offering
                             for Carmike Cinemas

PR Newswire

LOS ANGELES, Aug. 7, 2013

LOS ANGELES, Aug. 7, 2013 /PRNewswire/ --B. Riley & Co., LLC, (B. Riley)
www.brileyco.com, a leading independent investment bank which provides a full
array of corporate finance, research, sales and trading services announced
that it acted as co-manager in an $81 Million underwritten public offering for
Carmike Cinemas, Inc. (NASDAQ: CKEC).

(Logo: http://photos.prnewswire.com/prnh/20130510/LA11405LOGO)

The public offering was announced on July 22, 2013 and consisted of 4,500,000
shares of common stock. The offering was marketed over a four-day period and
priced at $18.00 per share after the market close on July 25, 2013.

Carmike also has granted the underwriters a 30-day option to purchase up to
675,000 additional shares of common stock, on the same terms and conditions,
to cover over-allotments, if any.

B. Riley's Chairman, Bryant Riley, and Managing Director, Brad Nii, led the
banking team for this transaction.

"B. Riley has played a key role in our capital raising efforts. Their
in-depth knowledge and research coverage of the entertainment sector as well
as their deep relationships with institutional investors contributed
significantly to the success of our offering," said David Passman, Carmike's
Chief Executive Officer and Director. 

Columbus, GA-based Carmike Cinemas, Inc. operates digital cinema and 3D cinema
theaters. As of June 30, 2013, the Company had 245 theatres with 2,476
screens in 35 states, with a digital footprint of 2,373 screens. Of those
locations, 227 theaters with 940 screens are equipped for 3-D capability,
including 19 "Big D" large format and7 IMAX® auditoriums. Carmike's focus for
its theater locations is small to mid-sized communities.

This communication shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state or jurisdiction.

About B. RILEY & CO.
B. Riley & Co. is a leading independent investment bank which provides a full
array of corporate finance, research, sales, trading and otcqx dad services to
corporate, institutional and high net worth individual clients. Investment
banking services include merger and acquisitions advisory to public and
private middle market companies, initial and secondary public offerings and
institutional private placements. Its Corporate Governance Advisory Services
Group is engaged by both companies and investors to help maximize value for
shareholders. The firm is recognized for its distinguished Equity Research.
Founded in 1997, B. Riley is headquartered in Los Angeles and maintains
offices in Newport Beach, San Francisco, Boston and New York. It is a member
of FINRA and SIPC. For more information, please visit www.brileyco.com 

SOURCE B. Riley & Co., LLC

Website: http://www.brileyco.com
Contact: Brad Nii, B. Riley & Co., +1-310-966-1444, bnii@brileyco.com, or
Media Inquiries, Nevena Orbach, The Orbach Company, Inc., +1-818-904-0500,
nevena@orbachco.com
 
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