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Microcap & Penny Stocks : CINEMASTAR LUXURY THEATERS (LUXY) -- Ignore unavailable to you. Want to Upgrade?

To: John Arnopp who wrote (39)	1/14/1998 9:23:00 AM
From: Candle stick	Respond to of 85

CinemaStar Luxury Theaters to Remain Listed on Nasdaq SmallCap Market System OCEANSIDE, CALIF. (Jan. 14) BUSINESS WIRE -Jan. 14, 1998--CinemaStar Luxury Theaters Inc. (Nasdaq:LUXY) Wednesday announced that it has been informed by the National Association of Securities Dealers Automated Quotation system (Nasdaq) that the company has met the requirements for remaining listed on the Nasdaq's SmallCap Market. The Nasdaq previously informed CinemaStar of its intention to delist the company's Common Stock, Redeemable Warrants (Nasdaq:LUXYW), and Class B Redeemable Warrants (Nasdaq:LUXYZ) because the company had fallen out of compliance with Nasdaq listing requirements. In a letter sent to company officials on Jan. 13, 1998, The Nasdaq noted that, following the recent completion of a $15 million equity financing by CinemaStar Acquisition Partners, a private investment group, the company had demonstrated compliance with The Nasdaq SmallCap Market's continued listing criteria. With the equity infusion, The Nasdaq also noted that a pro forma balance sheet at Nov. 30, 1997, shows that the company's total assets have risen to nearly $19.9 million with a capital surplus of more than $13 million. The Nasdaq said that because of the company's turnaround efforts it anticipated that CinemaStar will be able to maintain compliance with its listing standards over the long term. Founded in 1989, CinemaStar Luxury Theaters currently operates 79 screens in eight first-run movie theaters, including seven in Southern California with a total of 69 screens, and the recently opened 10-screen theater complex in Tijuana, 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. 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. -0- JP/la* LF/la CONTACT: CinemaStar Luxury Theaters, Oceanside Norman Dowling, 760/630-2011 or Pondel Parsons & Wilkinson, Los Angeles Michael Pollock/Roger Pondel, 310/207-9300 KEYWORD: CALIFORNIA INDUSTRY KEYWORD: ENTERTAINMENT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com

To: John Arnopp who wrote (39)	1/16/1998 12:54:00 PM
From: Candle stick	Respond to of 85

CNBC is reporting that KKR will be buying a movie theater chain called "Regal Cinemas"........KKr has proven in the past that they know how to make money. Perhaps the movie theater business is undervalued in general and we will see some consolidation or more takeovers ......Maybe Cinemastar(LUXY) will be next? I can hope can't I? After all the stock is down from 10 to 1 and has gone through a massive restructuring. Perhaps this new money group that just bought in has some plans to resell their stake as the movie business in general takes off............;^)