First Deal Includes Two Theatres; Dallas, Texas and Slidell, Louisiana
LONGUEUIL, QC, Feb. 23, 2012 /CNW Telbec/ - D-BOX Technologies Inc. (TSX: DBO), a leader in innovative motion technology, announced today its first agreement with Southern Theatres, LLC to install 25 D-BOX MFX Seats in The Amstar 14 in Dallas, Texas and 21 D-BOX MFX seats in The Grand 16 Slidell in Slidell, La.
"Southern Theatres is one of the top 15 grossing theatre chains in the U.S. with nearly 300 screens, presenting an excellent opportunity for our continued expansion," said President and CEO of D-BOX Technologies, Claude Mc Master. "Given Dallas is one of the top ten largest cities in the U.S., we are thrilled about this location and the ability to demonstrate our motion technology on such a considerable scale."
"Incorporating D-BOX motion technology in our theatres is a complement to our commitment of providing the most state-of-the-art entertainment experience for our guests," said George Solomon, CEO of Southern Theatres, LLC. "We're proud to be the first in both of these markets to offer the new, immersive way to experience the movies and look forward to introducing D-BOX in March."
For a complete listing of theatres offering the D-BOX experience and a guide to new movies, visit www.d-box.com.
About Southern Theatres LLC
Southern Theatres, L.L.C., owned and operated by George Solomon, was formed in May of 2002. George has been in the theatre business with his family for over 50 years and launched Southern Theatres, L.L.C. to develop and operate state-of-the art multiplex stadium-seating movie theatres.
In April 2005, Veronis Suhler Stevenson (VSS) made a $30 million equity investment in Southern Theatres, L.L.C. VSS is a private equity and mezzanine capital fund management company dedicated to investing in media, communications and information industries in North America and Europe.
Southern Theatres, L.L.C. is responsible for the daily operations of The Grand Theatres and Amstar Cinemas in 20 locations with 292 screens in Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina and Texas. The Company is well positioned for continued expansion in key markets throughout the Southeast. Southern Theatres, L.L.C. is proud to be headquartered in New Orleans, LA.
D-BOX Technologies Inc. designs, manufactures and markets cutting-edge motion systems intended mainly for the entertainment and industrial simulation industries. This unique and patented technology, the D-BOX Motion Code, uses motion effects specifically programmed for each visual content which are sent to a motion system integrated into either a platform or a seat. The resulting motion is perfectly synchronized with the on-screen action, thus creating an unparalleled realistic immersive experience. As of today, many Hollywood studios offer D-BOX Motion Code on their motion pictures in commercial theatres, on DVDs and Blu-rays. By reaching agreements with various industry leaders, D-BOX's award-winning motion technology is gradually proving itself as a new global standard. D-BOX is a public company whose shares are traded on the Toronto Stock Exchange under the symbol DBO.
D-BOX® and D-BOX Motion Code® are registered trademarks of D-BOX Technologies Inc. Other names are for informational purposes only and may be trademarks of their respective owners.
For further information:
Vice-President of Marketing
D-BOX Technologies Inc.
450-442-3003 ext. 263
Marc Jasmin CMA, President
Jasmin Financial Communications