Digital Cinema Destinations Corp. Files Registration Statement
for Proposed Initial Public Offering
Westfield, New Jersey – December 21, 2011- Digital Cinema Destinations Corp. (Digiplex) today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (SEC) relating to the proposed initial public offering of its Class A common stock. Digiplex intends to use the net proceeds from the offering to finance its acquisition of certain assets of Cinema Supply, Inc., which consist of five movie theaters with fifty-four screens located in central Pennsylvania, repayment of certain outstanding obligations and general corporate purposes. The number of shares to be offered and the price range for the proposed offering have not yet been determined.
Dominick & Dominick LLC will act as lead book-running manager for the offering. This offering will be made only by means of a prospectus. A copy of the preliminary prospectus, when available, may be obtained from Dominick & Dominick LLC, Attention: Prospectus Department, 150 East 52nd Street, New York, NY 10022, telephone: (212) 558-8800, or by emailing email@example.com.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release 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 Digital Cinema Destinations Corp.
Digital Cinema Destinations Corp. and its subsidiaries comprise a fast-growing motion picture exhibitor dedicated to transforming movie theatres into digital entertainment centers. Digiplex’s principal executive offices are located at 250 East Broad Street, Westfield, New Jersey 07090. Digiplex’s telephone number is (908) 396-1362, and its website address is www.digiplexdest.com
Investor Relations Contact Information:
Digital Cinema Destinations
250 East Broad Street
Westfield, New Jersey 07090