Digiplex Completes Acquisition of Mechanicsburg, PA Eight Screen
Entertainment Complex in Harrisburg Market
WESTFIELD, N.J. & MECHANICSBURG, Pa. -- December 19, 2013
Digital Cinema Destinations Corp. (NasdaqCM: DCIN), a fast-growing motion
picture exhibitor dedicated to transforming movie theaters into digital
entertainment centers, today announced the completion of its previously
announced acquisition in the Harrisburg, PA (DMA 39) market. The 8-plex is
located at 4950 Carlisle Pike in Mechanicsburg, PA 17050.
Digiplex Chairman and CEO Bud Mayo stated, “Digiplex continues to have a very
active M&A program and we are firmly committed to building a national cinema
circuit with a digital footprint in top markets. Mechanicsburg is our 20^th
location and we also previously announced agreements to add four additional
entertainment centers. The Company has a large pipeline of expansion
opportunities and we hope to announce more transactions in the near future,”
concluded Mr. Mayo.
About Digital Cinema Destinations Corp.(www.digiplexdest.com)
Digital Cinema Destinations Corp. (NasdaqCM: DCIN) is Digiplex Destinations,
dedicated to transforming its movie theaters into interactive entertainment
centers. The Company provides consumers with uniquely satisfying experiences,
combining state-of-the-art digital technology with engaging, dynamic content
that far transcends traditional cinematic fare. The Company's customers enjoy
live opera, ballet, Broadway shows, sports events, concerts and, on an ongoing
basis, the very best major motion pictures. Digiplex currently operates 20
cinemas and 192 screens in AZ, CA, CT, OH, PA and NJ. You can connect with
Digiplex via Facebook, Twitter, YouTube and Blogger.
Pro-forma for all announced transactions, Digiplex will operate 24 theaters
and 233 screens in nine states.
This press release contains forward-looking statements. Forward-looking
statements involve known and unknown risks and uncertainties, which may cause
the Company's actual results in future periods to differ materially from
forecasted results. A number of factors, including those described in the
Company's Annual Report on Form 10-K for the fiscal year 2013 and other
filings with the U.S. Securities and Exchange Commission (SEC), could
adversely affect the Company. Copies of the Company's filings with the SEC are
available from the SEC, may be found on the Company's website or may be
obtained upon request from the Company. The Company does not undertake any
obligation to update the information contained herein, which speaks only as of
Digital Cinema Destinations Corp.
Bud Mayo, Chairman/CEO
Robert Rinderman or Jennifer Neuman
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