Screenvision has announced the closing of its acquisition by Shamrock Capital Growth Fund and the appointment of Travis Reid as the company's new chief executive officer. We have known Travis for many years and are thrilled that he has agreed to lead Screenvision to the next era of growth says Shamrock managing director Steve Royer. Travis has an over thirty-year history in the exhibition space having operated chains and most recently pioneering the digital revolution for the cinema exhibition industry. He was our ideal candidate. Prior to joining Screenvision Reid was the CEO of Digital Cinema Implementation Partners the digital integration entity owned collectively by AMC Entertainment Regal Entertainment Group and Cinemark Holdings. He resigned last month shortly before accepting the job at Screenvision. The recruitment process for a new CEO at DCIP is reportedly underway. During the transition period Rich Manzione the company’s COO will manage the business supported by DCIP's executive management team. Manzione has been with DCIP since its inception and was instrumental in the company's formation and launch. He manages DCIP's operations and technology groups which includes system deployment and administrative services and has been involved in all aspects of DCIP operations. Prior to DCIP Reid held the position of president and CEO of Loews Cineplex Entertainment which was acquired by AMC Entertainment in 2005 and has held positions on the boards of AMC Entertainment Fandango The Cineplex Galaxy Income Trust Fund Yelmo Cineplex and the Will Rogers Memorial Fund. I am eager to join this stellar team of professionals at Screenvision says Reid. I have known and followed Screenvision since its inception. I signed their first long-term exhibitor advertising agreement when I was at Loews and have watched them successfully propel their network to over 15 000 screens and over 150 exhibition partners as well as increasing their advertising platform with the launches of their new pre-show online vertical alternative content and mobile solutions. This is an inventive and driven team who has grown the business consistently throughout the years yet the biggest opportunities are in front of us. Screenvision www.screenvision.com Shamrock www.shamrock.com
