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Gold/Mining/Energy : Loews Cineplex Entertainment (LCX) (was CPX)

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To: trinityhk who wrote (294)6/29/1999 9:58:00 AM
From: lwk   of 295
 
Loews Cineplex Stockholders Re-elect Directors and Approve Ammended Stock Incentive Plan

NEW YORK, NEW YORK AND TORONTO, ONTARIO--Loews Cineplex
Entertainment Corporation (NYSE:LCP; TSE:LCX) announced that, at
its annual meeting of stockholders held today, stockholders
approved the re-election of its directors, the amendment of its
stock incentive plan and the ratification of the appointment of
PricewaterhouseCoopers LLP as the company's independent public
accountants for the current fiscal year.

Loews Cineplex Entertainment Corporation is the world's largest
publicly traded theatre exhibition company in terms of revenues
and operating cash flow, with 2,908 screens in 415 locations
primarily in major cities throughout the United States, Canada and
Europe. Loews Cineplex's divisions include Loews Cineplex United
States, Cineplex Odeon Canada and Loews Cineplex International.
Loews Cineplex operates theatres under the Loews, Sony and
Cineplex Odeon names. In addition, the Company is a partner in
Magic Johnson Theatres, Star Theatres, Yelmo Cineplex de Espana,
De Laurentiis Cineplex d'Italia and Transturk Cineplex.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Loews Cineplex
Mindy Tucker
Corporate Vice President, Strategic Planning
(212) 833-6073
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