Cinemark International and D-BOX Technologies Announce an Agreement to Install
D-BOX Motion Systems in Brazil
PLANO, TEXAS AND LONGUEUIL, QUEBEC -- (Marketwired) -- 03/25/14 --
Cinemark International LLC, an International subsidiary of Cinemark
Holdings, Inc. (NYSE: CNK), one of the world's leading motion picture
exhibitors, and D-BOX Technologies Inc. (TSX: DBO), a leader in
innovative motion technology, announced today at CinemaCon an
agreement to initially install three theatres representing six
screens in Brazil. Cinemark has also negotiated the right to install
at least 24 screens in the next 18 months; additional screens may be
added in the following 18 months under the same terms and conditions.
This agreement comes on the heels of other agreements signed between
D-BOX and Cinemark since 2012 for Latin America.
Commenting the news, Valmir Fernandes, President of Cinemark
International, declared: "Based on our positive experience with D-BOX
in Peru, Chile and Colombia, it was a natural and easy decision to
start deploying systems in Brazil, Cinemark's largest market in Latin
America. We are confident that D-BOX will continue to yield strong
results, in which case we will consider deploying new systems in
other Cinemark Brazil locations over the next few years."
"We're extremely pleased to continue our deployment with Cinemark and
are very excited by the potential offered by the Brazilian market.
The fact that Cinemark, a leading exhibitor in the Americas,
continues adding new systems provides a true testimony to the
attractiveness of our business model and should also act as a strong
motivational impact on other chains currently contemplating investing
in D-BOX systems", concluded Claude Mc Master, President and Chief
Executive Officer of D-BOX Technologies.
ABOUT CINEMARK HOLDINGS, INC.
Cinemark is a leading domestic and international motion picture
exhibitor, operating 482 theatres with 5,563 screens in 40 U.S.
states, Brazil, Argentina and 11 other Latin American countries as of
December 31, 2013. For more information go to investorscinemark.com
D-BOX Technologies Inc. designs, manufactures and markets
cutting-edge motion systems intended mainly for the entertainment and
industrial simulation industries. This unique and patented
technology, the D-BOX Motion Code, uses motion effects specifically
programmed for each visual content which are sent to a motion system
integrated into a platform, a seat or any other product. The
resulting motion is perfectly synchronized with the on-screen action,
thus creating an unparalleled realistic immersive experience. For
more information go to www.d-box.com
D-BOX(R), D-BOX Motion Code(R) and Motion Architects(TM) are
trademarks of D-BOX Technologies Inc. Other names are for
informational purposes only and may be trademarks of their respective
Vice President International Marketing
Chief Financial Officer
D-BOX Technologies Inc.
450-442-3003 ext. 296
Marc Jasmin CMA, President
Jasmin Financial Communications
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