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Digital Cinema Destinations Corp. (DCIN) To Feature On RedChip Money Report, Fox Business News

Jul. 18, 2013 5:33 PM ETDCIN
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Bud Mayo, CEO and chairman of Digital Cinema, a U.S. motion picture exhibitor focused on transforming movie theaters into digital entertainment centers, is slated to appear on The RedChip Money Report™ tonight at 10 p.m. PT (July 19 at 1 a.m ET). The show, hosted by Dave Gentry, president of RedChip, will air on Fox Business News.

The RedChip Money Report provides commentary on emerging growth companies as well as interviews with Wall Street analysts, financial book reviews, and more.

Founded in 2010, DCIN is a rapidly growing U.S. motion picture exhibitor featuring major motion pictures, coverage of live sports events, concerts, conferences, operas, ballet, Broadway plays, independent films, and more. The company currently operates 18 cinemas and 178 screens scattered throughout Arizona, California, New Jersey, Pennsylvania, and Ohio.

The company's goal is to acquire existing cash flow positive theatres in top strategic markets, to profitably convert to digital format, and benefit from operational synergies, incremental revenue opportunities, and cost reductions. As part of this initiative, DCIN has its sights on establishing a national circuit featuring 100 theaters/1,000 screens in 76 top 100 DMAs, and targets 300 of these screens by year-end 2013.

DCIN's strategy is to acquire cash flow positive theaters in top locations, convert all analog screens to digital, and to transform these theaters into entertainment destinations by offering innovative programming and marketing strategies.

The company has increased total revenue per screen over the last four quarters as compared to comparable quarters in the year prior, by 18 percent, 30 percent, 15 percent, and 48 percent, respectively. In the second quarter of 2013 the company reported a seven-fold increase in revenue to $6.9 million.

For more information, visit www.digitalcinemadestinations.com

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