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Non-Tech : IMAX 3D-the wave of the future -- Ignore unavailable to you. Want to Upgrade?

To: Neil Kalton who wrote (27)	2/4/1998 12:40:00 PM
From: the Chief	Read Replies (1) \| Respond to of 170

Imax Corp News Release IMX Shares issued 14086928 1998-02-03 close $34.75 Wednesday Feb 4 1998 Mr Richard Gelfond reports Imax has signed an agreement with Famous Players (a subsidiary of Viacom Inc) for 10 IMAX 3D theatres to be built in new and existing Famous Players theatres in Canada over the next five years. This agreement, which includes the company's previously contracted joint venture location in downtown Toronto, The Paramount Theatre, will nearly double the number of IMAX theatres in operation in Canada. The majority of the theatres under this agreement are expected to use the IMAX 3D SR system, a smaller theatre system which is designed primarily to be located in multiplexes, although certain of the higher trafficked locations may use the larger IMAX 3D system. This agreement provides Famous Players with certain rights of exclusivity in Canada. There are currently 16 IMAX theatres in operation in Canada including five IMAX 3D theatres. With signed contracts for 46 IMAX 3D theatres to be built in multiplexes in only the last seven months, the company has clearly established IMAX 3D theatres as a significant complement to the traditional exhibition business. In 1998, the company hopes to further cultivate its existing relationships and begin to penetrate the overseas markets. The first IMAX locations in Famous Players theatres will include The Paramount Theatre at Festival Hall in downtown Toronto and The Colossus in Vaughan, Ontario. The 14 screen, 4,300 seat Paramount Theatre at Festival Hall in downtown Toronto will open in May 1999. The 18 screen, 4,800 seat theatre, The Colossus in Vaughan, Ontario, on the site of the former 400 Drive-In at the intersection of Highway 400 and Highway 7, will open at the end of this year. Imax has contracted with 12 commercial exhibitors worldwide including Cinemark USA, Cineplex Odeon, Edwards Theatres, Empire Theatres, Famous Players, Krikorian Premiere Theatres, Marcus Theatres Corporation, Muvico Entertainment, Regal Cinemas, Sony Theatres, Bofiscope UFA of Germany and Gaumont Cinemas of France.