CinemaStar Breaks Ground On Expansion of Its Mission Grove Ultraplex
SAN DIEGO--(BUSINESS WIRE)--May 26, 1999--CinemaStar Luxury Theaters, Inc. (NASDAQ: LUXY - news), which owns and operates eight first run motion picture theaters in southern California (seven theaters with 69 screens) and Tijuana, Mexico (one theater with 10 screens), today announced the official groundbreaking on the expansion of its existing Mission Grove 14-screen Theater into an 18-screen Ultraplex.
Scheduled for a November 1999 opening, the new Ultraplex expansion is intended to solidify CinemaStar's position as the premier theater operator in Riverside County, CA. The existing 14-plex will be expanded by four screens comprising approximately 20,000 square feet.
Frank Moreno, President and Chief Operating Officer, stated, ''We are honored to have Mayor Ron Loveridge of the City of Riverside participate in the official groundbreaking ceremony. CinemaStar is dedicated to providing its patrons with a premium moviegoing experience and this expansion will set the standard for quality in this market. Residents of Riverside County can now look forward to new luxury stadium seating, digital sound and state-of-the-art projection equipment.''
Jack R. Crosby, Chairman and Chief Executive Officer, added, ''This expansion is another example of our commitment to execute a rapid transition into a megaplex environment. Construction of our new 20-screen megaplex in San Bernardino, CA is on schedule and we are continuing to evaluate new opportunities in the U.S. and Mexico.''
CinemaStar theaters feature high-quality projection and sound capabilities, including LucasFilm THX Stereo Surround Sound environment systems, along with luxury amenities such as high-back reclining seats and extra-wide aisles between seat rows. Further information may be obtained from the Company's website: www.cinemastar.com. |
