Here's an email I just received, another LBE company.
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Company: New Cinema Partners Inc.
Symbol: NCPP
Exchange: OTC:BB
52 Week Low-High: $1.06-$4.88
Current Price: $4.00
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Viewing movies at home on video, DVD or the local cable channel is quick,
convenient and easy. But, have you ever felt the excitement of viewing an
action packed movie on opening night? Have you ever been to an IMAX
theater, participated in an interactive movie or seen a laserium show? Have
you watched your favorite team score during the last seconds of the big
game?
This is the type of excitement that New Cinema Partners brings to the
theater experience.
Stock Pick Of The Month (SPOTM) stockpickofthemonth.com
announces that New Cinema Partners (OTC BB: NCPP) is its profiled
company for September.
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September's Profile
New Cinema Partners
OTC BB: NCPP
Current price: US$4.00
Shares outstanding: 11,028,000
Estimated float: 7,028,000
Market cap: US$55,140,000
Location: Toronto, Canada
Gerald Gatto, Vice President
Phone: 416-491-4505
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NEW CINEMA PARTNERS is engaged in the Location Based
Entertainment (LBE) Industry. The Company builds Digital Interactive
Theaters that will operate under the name of Immersion Reality theaters that
are placed in Location Based Entertainment venues. These venues typically
contain 20 to 40 theater screens, an IMAX theater, an additional attraction
such as the Immersion Reality interactive theaters and a large coin operated
game facility such as the Playdium, Dave & Busters and Game Works. Other
features might include a bowling alley, food court, restaurant/bar or indoor
go-cart facilities.
The Location Based Entertainment Industry is an explosive growth industry
and many venues are being built adjacent to major shopping malls,
museums, aquariums and institutions. Many companies such as Disney,
Sony, IMAX, Cineplex-Odeon, AMC, the Playdium and Famous Players are
scurrying to build or acquire space in new Location Based Entertainment
venues.
Currently New Cinema Partners is focused on the aggressive roll out of a
series of Immersion Reality theaters. These theaters use the proprietary
Poetic Dimensions system developed by Immersion Studios of Toronto,
Canada. Immersion Studios is a leading edge provider of digital interactive
theater systems and computer generated animation productions. New
Cinema Partners is a value-added reseller of the Immersion hardware and
software packages. New Cinema Partners will build, operate and manage
the theaters.
New Cinema Partners will pursue various functions in the industry, including
the location, design and construction of high tech specialized theater
venues. The production of the theater content, including digital interactive
movies, IMAX films, and other specialized films both in the 2D and 3D
format, live action and animation.
The Immersion Reality theaters combine state of the art digital projection
cinematic technology and IBM interactive touch-screen consoles. Each
audience member has their own console and each movie contains decision
points where the audience reacts, with the console, to build a unique plot.
The technology immerses the audience in the action with its use of high
output Digital Images, Dolby Digital AC3 surround sound and engulfing
large screens. There currently is an Immersion Reality attraction at the New
England Aquarium in Boston.
The turnkey cost to build each theater is approximately US$1,200,000. The
average cost of each interactive feature is approximately US$750,000. The
company intends, without assurance, to finance through a combination of
joint ventures, limited partnerships and/or security sales. New Cinema
Partners is currently negotiating the underwriting of the first 4 theater sites
and 3 interactive films to a total financing of US$10,000,000. The company
plans to establish 20 theaters for the first two years of operation.
According to Wallstreet Research, "New Cinema Partners has a bright future
ahead of them. With all these positive characteristics behind Location
Based Entertainment and their strong management and business model, we
anticipate New Cinema Partners to achieve further development and success
of its business." |
