Digiplex Files for Public Offering

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Mon, 01/30/2012 - 19:00 -- Nick Dager

Digital Cinema Destinations (Digiplex) has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its Class A common stock. Digiplex intends to use the net proceeds from the offering to finance its acquisition of certain assets of Cinema Supply which consist of five movie theaters with fifty-four screens located in central Pennsylvania repayment of certain outstanding obligations and general corporate purposes. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Dominick & Dominick will act as lead book-running manager for the offering. This offering will be made only by means of a prospectus. Digital Cinema Destinations Corp. www.digiplexdest.com