Reel Partners, L.L.C., CinemaStar Acquisition Partners, L.L.C., SCP
Private Equity Partners, L.P., SCP Private Equity Management, L.P.,
Safeguard Capital Management, Inc., Churchill, Winston J., Plum, Samuel
A. of Austin, TX Files SEC FORM 13D
WASHINGTON, DC, Oct. 20, 1997 (States) -- Item 4. Purpose of
Transaction: Reports that As of the closing of the stock
purchase agreement, the Reporting Persons, led by Reel Partners,
L.L.C., will own 61.25% of the outstanding common shares of the Issuer,
CinemaStar Luxury Theaters, Inc., and warrants to purchase an
additional 9.11% of the outstanding (assuming exercise) Issuer common
shares.
ISSUER: CinemaStar Luxury Theaters Inc. of Jacksonville, FL SHARES
OWNED: 7500000 PERCENTAGE OWNED: 48.30 SEC DATE: 10/17/97 FILING DATE:
10/10/97 EVENT DATE: 09/23/97
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