Business
D-BOX Signs Deal with SouthernTheatres, LLC, One of the Top 15 Grossing Chains in the U.S.
First Deal Includes Two Theatres; Dallas, Texas and Slidell, Louisiana LONGUEUIL, QC,...
About this update from D-box Technologies Inc. Class A
[{"type":"text","content":"\n\n\n\n\n\nFirst Deal Includes Two Theatres; Dallas, Texas and Slidell, Louisiana\n\n\nLONGUEUIL, QC, Feb. 23, 2012 /CNW Telbec/ - D-BOX Technologies Inc.\n (TSX: DBO), a leader in innovative motion technology, announced today\n its first agreement with Southern Theatres, LLC to install 25 D-BOX MFX\n Seats in The Amstar 14 in Dallas, Texas and 21 D-BOX MFX seats in The\n Grand 16 Slidell in Slidell, La.\n\n\n\"Southern Theatres is one of the top 15 grossing theatre chains in the\n U.S. with nearly 300 screens, presenting an excellent opportunity for\n our continued expansion,\" said President and CEO of D-BOX Technologies,\n Claude Mc Master. \"Given Dallas is one of the top ten largest cities in\n the U.S., we are thrilled about this location and the ability to\n demonstrate our motion technology on such a considerable scale.\"\n\n\n\"Incorporating D-BOX motion technology in our theatres is a complement\n to our commitment of providing the most state-of-the-art entertainment\n experience for our guests,\" said George Solomon, CEO of Southern\n Theatres, LLC. \"We're proud to be the first in both of these markets to\n offer the new, immersive way to experience the movies and look forward\n to introducing D-BOX in March.\"\n\n\nFor a complete listing of theatres offering the D-BOX experience and a\n guide to new movies, visit www.d-box.com.\n\n\nAbout Southern Theatres LLC\n\n\nSouthern Theatres, L.L.C., owned and operated by George Solomon, was\n formed in May of 2002. George has been in the theatre business with his\n family for over 50 years and launched Southern Theatres, L.L.C. to\n develop and operate state-of-the art multiplex stadium-seating movie\n theatres.\n\n\nIn April 2005, Veronis Suhler Stevenson (VSS) made a $30 million equity\n investment in Southern Theatres, L.L.C. VSS is a private equity and\n mezzanine capital fund management company dedicated to investing in\n media, communications and information industries in North America and\n Europe.\n\n\nSouthern Theatres, L.L.C. is responsible for the daily operations of The\n Grand Theatres and Amstar Cinemas in 20 locations with 292 screens in\n Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North\n Carolina, South Carolina and Texas. The Company is well positioned for\n continued expansion in key markets throughout the Southeast. Southern\n Theatres...