To: Odysseus who wrote (2276 ) 9/21/1999 6:25:00 AM From: Clark Kent Read Replies (1) | Respond to of 2401
Here's an email I just received, another LBE company. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ********************************************************* Company: New Cinema Partners Inc. Symbol: NCPP Exchange: OTC:BB 52 Week Low-High: $1.06-$4.88 Current Price: $4.00 ********************************************************* 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. ********************************************************* 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 ********************************************************* 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."