CinemaStar Luxury Theaters Names Norman Dowling Vice President, Chief Financial Officer
OCEANSIDE, CALIF. (Nov. 14) BUSINESS WIRE -Nov. 14, 1997--CinemaStar Luxury Theaters Inc. (Nasdaq:LUXY) Friday announced the appointment of Norman Dowling to the newly created position of vice president and chief financial officer.
He will assume his new position Friday.
"We are extremely pleased to welcome Norman to the management team at CinemaStar," said John Ellison Jr., president and chief executive officer. "As CinemaStar continues to follow its strategic plan to expand in underserved markets, we look forward to benefiting from his depth of knowledge in domestic and international business and financial affairs."
Dowling, 35, brings to his new position more than 15 years of experience in senior management roles in finance and strategic business management. Since 1993, Dowling was director of finance at Advanced Marketing Services Inc. of San Diego, a publicly traded major distributor of books and media-related products to the membership warehouse club industry and other speciality retailers in the United States, Canada, Mexico and the United Kingdom.
Previously, Dowling served as director of development and acquisitions and as a controller for the operating group of Medical Imaging Centers of America Inc., a publicly traded owner and operator of high-technology medical imaging centers throughout the United States.
Before that, Dowling was finance director for a diverse group of companies based in Dublin, Ireland, involved in the importation, marketing and distribution of major electrical appliances. He also served six years in public accounting with Ernst & Young.
Founded in 1989, CinemaStar Luxury Theaters currently operates seven first-run movie theaters, and has a total of 69 screens in Southern California. CinemaStar theaters feature high-quality projection and sound capabilities, including LucasFilm THX Stereo Surround Sound environment system in most auditoriums, along with luxury amenities such as high-back reclining seats and extra-wide aisles between seat rows.
The information contained in this news release contains certain forward-looking statements that involve risk and uncertainties, such as the statements of the company's plan, objectives, expectations and intentions. The company's actual results could differ materially from those indicated by such statements as a result of various factors, including those discussed in the company's Form 10-KSB and Form 10-QSB on file with the SEC.
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CONTACT: CinemaStar Luxury Theaters Inc., Oceanside
John Ellison Jr./Alan Grossberg, 619/630-2011
or
Pondel Parsons & Wilkinson, Los Angeles
Michael Pollock, 310/207-9300
KEYWORD: CALIFORNIA
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