D&D Co-Leads IPO - Digital Cinema Destinations Corp. (DCIN)
WESTFIELD, N.J. -- April 17, 2012
Digital Cinema Destinations Corp. (NASDAQ:DCIN), a fast-growing motion picture
exhibitor dedicated to transforming movie theatres into digital entertainment
centers, today announced the pricing of its initial public offering of 2.2
million shares of Class A common stock at $6.10 per share. The underwriters
have been granted a 45-day option to purchase up to 330,000 additional shares
to cover over-allotments, if any. The Company’s shares are expected to begin
trading on the NASDAQ Capital Market today under the symbol “DCIN.”
Maxim Group LLC and Dominick & Dominick LLC acted as joint book-running
managers for the offering, which is being made only by means of a written
prospectus, copies of which may be obtained from Maxim Group LLC, 405
Lexington Avenue, New York, NY 10174 (212/895-3685); or from Dominick &
Dominick LLC, Attention: Prospectus Department, 150 East 52nd Street, New
York, NY 10022 (212/558-8831), or by emailing nblock@dominickanddominick.com.
Copies are also available at the SEC’s website www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities in any
state or jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state or jurisdiction.
About Digital Cinema Destinations Corporation (www.digiplexdest.com)
Digital Cinema Destinations Corp. (NasdaqCM: DCIN) is dedicated to
transforming its movie theaters into interactive entertainment centers. The
Company provides consumers with uniquely satisfying experiences, combining
state-of-the-art digital technology with engaging, dynamic content that far
transcends traditional cinematic fare. The Company's customers enjoy live
sports events, concerts, conferences, operas, videogames, auctions, fashion
shows and, on an ongoing basis, the very best major motion pictures. Pro forma
after the consummation of the initial public offering and the closing of the
Company’s acquisition of Cinema Centers, the Company will operate eight
cinemas and 73 screens in PA, NJ and CT.
Disclosure Regarding Forward-Looking Statements
This press release and other written or oral statements made by or on behalf
of Digital Cinemas Destination Corp. may contain forward-looking statements
within the meaning of the federal securities laws. Statements that are not
historical facts, including statements about our beliefs, expectations and
future performance, are forward-looking statements. Forward-looking statements
are only predictions and are not guarantees of performance. These statements
are based on beliefs and assumptions of management, which in turn are based on
currently available information. The forward-looking statements also involve
risks and uncertainties, which could cause actual results to differ materially
from those contained in any forward-looking statement. Many of these factors
are beyond our ability to control or predict. Risk factors are disclosed in
our Form S-1 under the caption “Risk Factors.” We believe these
forward-looking statements are reasonable; however, undue reliance should not
be placed on any forward-looking statements, which are based on current
expectations. Further, forward-looking statements speak only as of the date
they are made, and we undertake no obligation to update publicly any of them
in light of new information or future events.