Digital Cinema Destinations Corp. (NASDAQ:DCIN), a fast-growing motion picture exhibitor dedicated to transforming movie theatres into digital entertainment centers, today announced the closing of its purchase of the Cinema Centers theatre circuit, with five locations throughout 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."
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