Digital Cinema Destinations Corp fka DCIN

[MissionIR]

DCIN Takes Audiences Far Beyond Hollywood

Providing unique entertainment options that transcend the run-of-the-mill movie theater experience, Digital Cinema Destinations Corp., operating as Digiplex Destinations, takes U.S. audiences to Hollywood and beyond at its 18 cinemas and 178 screens.

With locations in Arizona, California, Connecticut, New Jersey, Pennsylvania, and Ohio, Digiplex not only screens the hottest Hollywood offerings but also provides audiences with out-of-the-box big screen fare that includes events like live opera, Broadway productions, ballet, sporting events, concerts, fashion shows, auctions, and more – all shown on the silver screen in the comfort of state-of-the-art theaters. Digiplex additionally partnered with The Guitammer Company in May 2013 to add one more dimension to its entertainment offerings: 4-D technology for audiences at its Solon, Ohio, movie theater, where moviegoers can now experience the immersive effects of Guitammer’s award-winning ButtKicker technology.

Dedicated to transforming mere movie theaters into digital entertainment centers, Digiplex combines the full promise of digital technology with content that is engaging, dynamic, and goes far beyond traditional cinema. Taking passive theatergoing to the next level, Digiplex enables audience members to actively engage in events they are watching. Viewers can text questions and comments during an event, sing along to live concerts, host outdoor tailgate parties prior to viewing a sporting event, and much more.

Founded in 2010 and headquartered in Westfield, N.J., Digiplex operates under a mission of acquiring existing cash flow positive theaters in top strategic markets and converting them to digital format, thereby increasing profitability. One theater, one event, and one audience at a time, the company is forever transforming the theatergoing experience.

For more information about Digiplex, visit www.digiplexdest.com

[MissionIR]

DCIN Joint Venture Kicks Off 2013-14 Series with The United States of Football

Yesterday just before the closing bell, DigiNext, a joint venture between Digiplex Destinations and Nehst Media Enterprises, announced that the first title of its 2013-14 season, The United States of Football, opens in select theaters on August 23. The nationwide release will follow on August 30 and September 6 and expand the movie’s release to more than 120 theaters that are members of Screenvision’s 14,000+ theater footprint.

The movie follows father, football fan, and sports journalist Sean Pamphilon as he struggles with the question, “Should I let my kid play?” Pamphilon’s film explores the dark side of the nationally beloved game and its players, with a focus on the increasing incidents of brain injury, dementia, and slow death resulting from repeated head trauma.

The United States of Football examines football coaching and training from Pee Wees to the pros and looks at the steps that can be taken to protect players while preserving the excitement and integrity of football. The film ends in pain and hope; some football legends wither away and leave angry, while others bravely continue fighting to reform football.

“This feature, which is ultimately all about a topic every parent and thoughtful football fan needs to reflect on, is a milestone for DigiNext and Digiplex,” remarked Digiplex’s CEO and Chairman, Bud Mayo. “It is our first truly national release thanks to our recently announced partnership with Screenvision and our many friends in the exhibition industry. With growing media attention on the subject, we hope the conversation continues to widen. If those entrusted with the kids who play can demonstrate to parents they can protect those players, we can save the sport so many of us love.”

“As a father, former college player and coach, it’s a pleasure to bring out this important film and to bring attention to the issue of who is coaching our kids at the youth sports level,” said Nehst Chairman and Founder, Larry Meistrich. “The film also puts a human face on our NFL heroes by calling attention to their lives after the game.”

On opening night, audiences will be treated to in-theater appearances from legendary football stars and a live Question and Answer Session with the filmmaker and featured former players. A portion of box office proceeds will go to the Kevin Turner Foundation and the Gridiron Greats Assistance Fund.

For more information on Digital Cinema Destinations, visit www.digiplexdest.com

[Trading_UP]

CEO Bud Mayo talks with the Opportunist’s Managing Editor Leslie Stone about how his company is redefining the movie theater experience and his vision to build a media powerhouse.

http://opportunistmagazine.com/bud-mayo-name/

[MissionIR]

DCIN and the Theater Digital Transformation

DCIN has been growing revenue dramatically through the company’s strategy of acquiring and converting movie theaters around the country into interactive entertainment centers, providing more than simply the latest from Hollywood. It’s a strategy driven by one of the most successful entrepreneurs in the theater industry, DCIN CEO A. Dale “Bud” Mayo, developer of companies that have pioneered the industry’s move to digital and related technologies. The idea is to use digital technology to leverage theater assets, through more flexible market-oriented presentation scheduling along with the addition of a wide range of entertainment alternatives.

The long association of neighborhood theaters with Hollywood movies can make it difficult to imagine them as anything more, which is the brilliance of the DCIN approach. Although traditional motion picture fare will continue to make up the larger part of theater offerings, digital technology opens the door to an almost unlimited potential of live and recorded entertainment presentations, including sporting events, all types of concerts, classic films, exclusive independent movies straight from major film festivals around the world, even the best of the arts such as opera and ballet. Digital technology also makes possible large scale corporate conferences and other types of meetings in a way not previously economic.

In addition, theaters will now be able to economically present a variety of special interest shows, such as these that DCIN has either already shown or will be showing:

• Sports – The United States of Football is an award-winning and compelling documentary that every football fan and family of a player should see. It explores the cumulative effects of repetitive trauma in America’s Game from Pee Wee leagues to the pros. In conjunction with the movie, audiences can expect live in-theater appearances from legendary football stars on opening night. Digiplex will also host a live Question and Answer Session with the filmmaker and featured former players. A portion of box office proceeds will go to the Kevin Turner Foundation and the Gridiron Greats Assistance Fund. Visit www.diginextfilms.com or www.theusof.com for more.

• Music – On a blistering summer day in 1972, the Grateful Dead took the stage on the grounds of the Oregon Country Fair for what would become one of the most legendary concerts of the band’s storied history. Previously unreleased “Sunshine Daydream” features concert footage as well as recent interviews with Ken Babbs, Sam Cutler, Wavy Gravy and Carolyn “Mountain Girl” Garcia.

• Dance – Audiences are transported to exotic India with an encore performance of La Bayadere (the temple dancer) presented by the Bolshoi Ballet. The Bolshoi later returns with a classic audience favorite that has been called a mighty Egyptian fresco. The Pharaoh’s Daughter follows an English Lord on an expedition to the pyramids where reality and fantasy merge and ancient mysteries weave a complicated love story.

For more information on Digital Cinema Destinations, visit www.DigiplexDest.com

[MissionIR]

DCIN Inks Alternative Content Distribution Deal with In-Cinema Advertising Player

Digital Cinema Destinations (“Digiplex”), a growing motion picture exhibitor, has formed a new alternative content distribution alliance with national cinema advertising network, Screenvision, which provides on-screen advertising, in-lobby promotions, and integrated marketing programs to national, regional, and local advertisers.

Per the partnership, the companies will first launch a joint theatrical documentary ‘The United States of Football’ (The USOF), which debuts August 23 in a limited, exclusive release at Digiplex theaters in addition to select locations in major cities, including New York, Los Angeles, and Chicago. Starting August 30, The USOF will be shown nationwide to theaters that are members of Screenvision’s 14,000+ screen national network.

“Digiplex has positioned itself on the cutting-edge of theatrical exhibition innovation,” Screenvision CEO Travis Reid stated in the press release, “and we are very pleased to commence what we believe will be an exciting and mutually beneficial relationship with their team. In addition to distributing curated content from their DigiNext JV, we will also be booking a variety of other entertainment sourced from Digiplex throughout our domestic exhibitor network.”

Bud Mayo, chairman and CEO of Digiplex, said the partnership is a revenue driver that benefits both companies.

“Joining forces with cinema advertising new Screenvision is a clear win-win for both organizations, and importantly, this will result in a much larger release platform for unique, specialty content that deserves a much wider audience,” Mayo stated. “Importantly, this alliance is expected to generate additional, accretive new revenue streams for us, including downstream and ancillary digital downloads. We are delighted to hit the ground running with the first release from DigiNext’s second season, ‘The United States of Football.’”

The USOF explores the increasing effects of repetitive physical trauma in football, tracking the game from Pee-Wees to the pros.

For more information, visit www.digiplexdest.com or www.screenvision.com

[MissionIR]

DCIN CEO Interview Lays Out Aggressive Growth Strategy

In a recent interview with Leslie Stone, the Managing Editor of Opportunist Magazine, the founder and CEO of Digital Cinema Destinations Corp., A. Dale “Bud” Mayo, laid out the many reasons he can promise DCIN investors, with no hesitation, that the company is going to continue growing rapidly. It’s an unusually bold statement about a relatively young company, but it’s also easy to accept when you understand the remarkably successful run that Mayo and his loyal team has had over the years, and the market potential that he is now targeting. The interview (http://dtg.fm/Q2cg) covers Mayo’s long history in advancing theater technology, and the impressive success he continues to have with Digital Cinema Destinations, his latest and greatest venture.

Mayo’s almost 30-year career in the theater and film industry has resulted in several companies that have profitably pioneered new technologies and business models. His Clearview Cinema Group became the largest independent theater group in Metropolitan New York, and went on to be sold to Cablevision. And Mayo’s Cinedigm Digital Cinema Corp. (NASDAQ: CIDM) became a leader in digital programming, bringing digital formatting to over 12,000 screens in 1,000 U.S. and Canadian sites. He also helped establish the Mayo Center for the Performing Arts, a nonprofit organization that hosts more than 200 world-class performances per year in every genre.

But today his focus is on Digital Cinema Destinations, a company he is using to reinvent the American cinematic experience. The article offers the reader a good breakdown of the company’s strategy to convert movie theaters all over the country into something new, “interactive entertainment centers”, getting movies transmitted digitally, along with a variety of other programming, including live sporting events, concerts, conference casts, and just about anything one can imagine. Mayo emphasizes that the movie theater can be a platform for a wider media company, a platform that can be used for all types of acquired content. It’s a new way of looking at the old fashioned movie theater, and their goal is to build a theater circuit represented in at least 75% of the top DMAs in the country, with 100 locations and 1,000 screens.

For more information on Digital Cinema Destinations, visit www.DigiplexDest.com

[MissionIR]

DCIN Strategy to Expand Theatrical Footprint, Screen Count

Digital Cinema Destinations, operating 18 cinemas and 178 digital screens under the name Digiplex Destinations, is a rapidly growing U.S. motion picture exhibitor featuring major motion pictures, coverage of live sports events, concerts, conferences, operas, ballet, Broadway plays, independent films, and more.

To continue its historical growth, the company has established a consolidation strategy it believes will maximize the digital cinema circuit and drive financial benefits for the company.

DCIN sees its opportunity in acquiring solid performing theaters in accretive transactions at reasonable cash flow multiples. The company’s long-term goal is to create a national circuit of cinemas consisting of 100 theaters/1,000 screens in 75/100 top designated marketing areas.

Thus far, this business model has fared well. Since its IPO in April 2012, DCIN has grown its screen count to 18 theatres/178 screens (as of February 2, 2013) from 3 theaters/19 screens. This has resulted in increased total revenue per screen over last four quarters versus prior-year periods by 18%, 30%, 15%, and 48% respectively.

DCIN has secured a Start Media Joint Venture and Term Loan to assist in support of its theater circuit expansion goals. The company says that most recent acquisitions via joint venture will produce a return on investment to DCIN of approximately 30%.

For more information, visit www.digiplexdest.com

[MissionIR]

DCIN to Feature on RedChip Money Report, Fox Business News

Bud Mayo, CEO and chairman of Digital Cinema, a U.S. motion picture exhibitor focused on transforming movie theaters into digital entertainment centers, is slated to appear on The RedChip Money Report™ tonight at 10 p.m. PT (July 19 at 1 a.m ET). The show, hosted by Dave Gentry, president of RedChip, will air on Fox Business News.

The RedChip Money Report provides commentary on emerging growth companies as well as interviews with Wall Street analysts, financial book reviews, and more.

Founded in 2010, DCIN is a rapidly growing U.S. motion picture exhibitor featuring major motion pictures, coverage of live sports events, concerts, conferences, operas, ballet, Broadway plays, independent films, and more. The company currently operates 18 cinemas and 178 screens scattered throughout Arizona, California, New Jersey, Pennsylvania, and Ohio.

The company’s goal is to acquire existing cash flow positive theatres in top strategic markets, to profitably convert to digital format, and benefit from operational synergies, incremental revenue opportunities, and cost reductions. As part of this initiative, DCIN has its sights on establishing a national circuit featuring 100 theaters/1,000 screens in 76 top 100 DMAs, and targets 300 of these screens by year-end 2013.

DCIN’s strategy is to acquire cash flow positive theaters in top locations, convert all analog screens to digital, and to transform these theaters into entertainment destinations by offering innovative programming and marketing strategies.

The company has increased total revenue per screen over the last four quarters as compared to comparable quarters in the year prior, by 18 percent, 30 percent, 15 percent, and 48 percent, respectively. In the second quarter of 2013 the company reported a seven-fold increase in revenue to $6.9 million.

For more information, visit www.digitalcinemadestinations.com

[MissionIR]

DCIN Sets High Goals under Guidance of Seasoned Leadership

Digital Cinema is a fast-growing U.S. motion picture exhibitor integrating cutting-edge digital technology with a variety of content that includes major motion pictures as well as live sports events, concerts, conferences, operas, ballet, and more. As of February 2013 the company operated 18 cinemas and 178 screens in Arizona, California, Connecticut, New Jersey, Pennsylvania and Ohio.

As a player in the competitive film industry, DCIN leverages its highly experienced management team to stay abreast of latest cinematic technology and to execute a creative and effective strategy to keep customers loyal to the Digiplex brand.

DCIN’s head honcho is chairman and CEO A. Dale “Bud” Mayo, who founded and led both Cinedigm Digital Cinema Corp., the pioneer and leader in digital cinema, and Clearview Cinema Group, a top U.S. theater circuit. In 2010 he was inducted into the film exhibition Hall of Fame for recognition of his achievements within the film industry.

Chuck Goldwater supports the strategic development of and oversees the operations of Digiplex, benefiting from prior senior management positions at a number of leading theater exhibitors including USA Cinemas, National Amusements, and Loews Theatres, as well as work at Cinedigm and Digital Cinema Initiatives. He too has been recognized for his industry efforts, and in 2012 was inducted into the industry’s Hall of Fame. Goldwater has two key areas of expertise that DCIN values highly important to the company’s growth: strategic digital cinema deployment and alternative entertainment programming.

On the financial front, Brian D. Pflug, CPA, serves as DCIN’s chief financial officer. Pflug, CEO Mayo, and others on the management team have a long history together, starting in 1998 when Pflug was controller at Clearview Cinemas. The two then worked together at Cinedigm Digital Cinema Corp. where Pflug rose to senior vice president of accounting and finance.

The film industry is all about technology. DCIN Chief Technology Officer Jeff Butkosvsky has more than 25 years in technology management, software development, and technology sales, in addition to an extensive background in digital cinema. He previously served as Cinedigm Digital Cinema Corp.’s SVP and CTO where he was responsible for all technical operations. Butkosvsky has also acted as technical liaison with Fox, Disney, Paramount, Sony, Universal, and Warner Brothers for digital cinema deployment agreements, digital system conformance, and content delivery; and was the liaison with several film exhibitors including Carmike, Rave, Celebration, and Emagine to sell and deploy digital cinema systems in their theatres.

Under the leadership of a highly experienced management team, which is supported by several other members, DCIN has established the goal of creating a national circuit featuring 100 theaters with 1,000 screens – with a near-term goal of growing to 300 screens by year-end.

For more information, visit www.digitalcinemadestinations.com

[MissionIR]

DCIN CEO Continues to Drive the Theater Industry’s Digital Future

The rapid growth strategy of Digital Cinema Destinations is summed up by the company’s Chairman and CEO, Bud Mayo: “Basically, we’re buying movie theaters from all around the country and transforming them into entertainment centers. What we’re doing is making a difference by using all the digital tools that we’ve helped create in previous businesses to change the choice for movie-goers. Operas, pop concerts, lecture series, documentaries; we’re even curating many of those ourselves and participating in the down streams, not just showing them in movie theaters and splitting the box with whoever owns it. So we’re in a multi-level business, which is really giving a peak at the future of exhibition as we see it in this industry.”

It’s clear that, to Digital Cinema, digital technology has done more than just make movie distribution easier and the viewing experience better. Digital technology has changed the playing field, opening the door to a much wider variety of content, and allowing theaters to program their presentations more efficiently. A children’s movie that may play great on the weekends may draw almost no audience when it plays during school hours or late at night. Digital technology offers the possibility of programming presentations much like a television network schedules TV programming, filling more seats, maximizing asset allocation, and increasing profit. Live events and virtually anything that can be captured and displayed digitally are now a realistic part of the content pie, depending only upon educating the public that theaters can now represent far more than just movies.

If anyone has the credentials to drive the industry’s new face, it is Digital Cinema’s Bud Mayo, who did so much to pioneer and lead the digital theater revolution in the first place as the founder of both Cinedigm Digital Cinema and Clearview Cinema Group. In 2010, he was inducted into the film exhibition Hall of Fame.

For more information on Digital Cinema Destinations, visit www.DigiplexDest.com

[MissionIR]

DCIN Management Guides Acquisition Strategy Toward Expansion

Digital Cinema Destinations is a rapidly growing U.S. motion picture exhibitor featuring major motion pictures, coverage of live sports events, concerts, conferences, operas, ballet, Broadway plays, independent films, and more.

Founded in 2010, the company currently operates 18 cinemas and 178 screens scattered throughout Arizona, California, New Jersey, Pennsylvania, and Ohio.

Digiplex is managed by a three-person leadership team and supported by four independent board members.

Company CEO Bud Mayo is an industry veteran with more than 20 years of experience. He is also the founder and former leader of Cinedigm Digital Corp. (CIDM). Digiplex CFO Brian Pflug is the former controller at Clearview Cinemas and is former SVP of accounting and finance at Cinedigm Digital. Jeff Butkovsky serves the company as chief technology officer. Butkovsky is the former SVP and chief technology officer of Cinedigm Digital.

Digiplex has established a proven business model as it reaches to execute its ongoing acquisition strategy, which currently targets about 100 locations throughout the United States.

The company’s strategy is to acquire cash flow positive theaters in top locations, convert all analog screens to digital, and to transform these theaters into entertainment destinations by offering innovative programming and marketing strategies.

For more information, visit www.digiplexdest.com

[MissionIR]

DCIN Puts Alternative, Revenue-Generating Twist on Cinematic Offering

U.S. motion picture exhibitor Digital Cinema Destinations, operating under the Digiplex Destinations brand, has found a honey hole in the movie theater industry through the integration of alternative programming.

In addition to major motion pictures, DCIN theaters show live sporting events, concerts, conferences, operas, ballet, Broadway plays, and other programming such as Indie features and documentaries.

The company’s strategy is to offer a wide range of alternative programming and build awareness and attendance gains by executing active targeted marketing and comprehensive social media outreach.

DCIN has found that alternative programming consistently outperforms the lowest, and often highest, grossing movies at higher prices.

As a percentage of total third quarter 2013 admission revenues, alternative programming averaged roughly 6 percent at eight locations (comprised of 73 screens) owned for more than one year.

The company’s long-term goal is to generate 20 percent of its total box receipts from alternative content, improving attendance metrics with a roughly 50 percent higher ticket price and by replacing underperforming Hollywood titles with alternative programming.

In addition to alternative programming, select DCIN theater locations have started presenting special engagements of major Hollywood movie releases with both Spanish and English sound tracks. The company plans to further expand this entertainment option to include more locations and to feature Asian and other foreign language presentations.

DCIN has also formed a specialty content joint venture with Nehst Studios through which it features a curated series of documentaries and indie features that have been hand-selected from world’s leading film festivals. DCIN receives 50 percent of all net downstream/ancillary revenues stemming from this joint venture, including DVD, digital downloads, and international broadcast rights.

For more information, visit www.digitalcinemadestinations.com

[MissionIR]

DCIN Keeps Pace with Broader Movie Industry

A trip to the movie theaters is a staple of American entertainment. While Redbox, Netflix, and other home cinematic offerings are more budget friendly, the numbers show the industry’s resilience to macro-economic concerns and suggest that for many consumers there’s nothing quite like heading to the big screen.

The movie industry has maintained steady growth from 1970-2012 despite the rise in popularity of alternative means of movie watching. The box office last year broke an all-time domestic box record.

Since its IPO in April 2012, Digital Cinema Destinations (Digiplex Destinations) has witnessed this growth and has significantly grown its own presence to a current count of 18 theaters/178 screens. Founded in 1994, DCIN has watched its numbers increase with the broader industry as it keeps the pace with changing trends and executes innovative strategies to draw in the crowds.

The company has increased total revenue per screen over the last four quarters as compared to comparable quarters in the year prior, by 18 percent, 30 percent, 15 percent, and 48 percent, respectively. In the second quarter of 2013 the company reported a seven-fold increase in revenue to $6.9 million.

As part of its strategy to achieve this growth pattern, the company offers patrons a wide range of alternative programming in addition to the Hollywood titles. In June 2012, DCIN formed DigiNext, a specialty content joint venture that features a curated series of select movies played at Digiplex theater locations. The selected films include comedies, dramas, documentaries, sporting entertainment, and independent films from festivals around the world. DCIN receives a 50 percent share of all net downstream or ancillary revenues, including DVD and download sales, and international broadcast rights.

The company’s overarching goal is to acquire existing cash flow positive theatres in top strategic markets, to profitably convert to digital format, and benefit from operational synergies, incremental revenue opportunities, and cost reductions. As part of this initiative, DCIN has its sights on establishing a national circuit featuring 100 theaters/1,000 screens in 76 top 100 DMAs, and targets 300 of these screens by year-end 2013.

For more information, visit www.digitalcinemadestinations.com

[MissionIR]

DCIN Embraces the Digital Revolution

It may be a challenge to think of movie theaters as being more than simply a place to watch movies, but the digital revolution has changed the scope of what a movie theater can be. Digital technology has replaced the cumbersome and expensive traditional process of film distribution, while opening up a world of possibilities for digital based entertainment, and Digital Cinema Destinations views itself as leading the drive.

The old approach to film distribution, a process that some smaller theater operations still follow, required the duplication and shipping out of 70 pound cans of film, to be transported to theaters all over the country for simultaneous release. Copying and distribution costs for a single film could run up to $1 million. All that has changed with digital conversion. Movies consist of pictures and sound, basically just volumes of data, and digital technology now allows the quick electronic copying and safe transmission of this data via satellite or simple hard drive to worldwide theaters, greatly reducing the cost. In addition, the digital projection system ensures high-resolution images regardless of how many times a movie is shown.

But perhaps the biggest change is that digital technology allows virtually any type of digital information, including transmissions from live performances, to be shown and enjoyed. Digital Cinema Destinations is dedicated to transforming movie theaters into digital entertainment centers, combining the full promise of digital technology with engaging, dynamic content that transcends traditional movies. Viewers will now enjoy live sports events, concerts, conferences, operas, video games, auctions, and fashion shows, as well as the very best of first-run movies.

For more information on Digital Cinema Destinations, visit www.DigiplexDest.com

[MissionIR]

DCIN Capitalizes on the Evolution of Film

Digital Cinema CEO Bud Mayo started his career in the film industry 26 years ago, shortly after the PG-13 rating was introduced and the trend for “blockbuster” films began to really pick up pace.

In 1987 Mayo acquired his first theater in New Jersey and continued to strengthen his portfolio, amassing 45 theaters by 1998. He then decided to take these assets public under Clearview Cinema Group, Inc., which he sold to Cablevision Systems Corp. for $160 million.

As Deal Pipeline writer Richard Morgan puts it, Mayo then worked for Cablevision as president and CEO of its cinema division for a year before exiting and “reinvent[ing] himself as the leader in converting the industry from 35-millimeter film to digital projection.”

The film industry was in the midst of significant evolution from film to digital and Mayo recognized this trend designed Virtual Print Fee (VPF) as a means for studios to fund significant upgrades needed to replace their film projectors with digital equipment and technology. By definition, VPFs are a subsidy paid by a film distributor allocated to the purchase of digital cinema projection equipment – this fee is paid in the form of a fee per booking of a movie to counter the savings from the film exhibitor not having to ship a film print.

Fast-forward to date, and nearly all U.S. and Canadian theaters are fully converted to digital, which means the VPFs in their success have nearly worked themselves out of a job. Not one to let history or opportunity pass him by, Mayo has identified another means of revenue generation: alternative programming.

Mayo believes alternative programming has the potential to boost theater revenue by 20 percent. The instrument to execute alternative programming is his current endeavor, Digital Cinema.

Founded in 2010, Digital Cinema executed its Initial Public Offering in 2012 and now has 18 theaters with 178 screens. The company’s goal is to establish a national presence with 100 theaters and 1,000 screens by year-end.

“Mayo said his deal pipeline remains sufficiently robust to sustain rapid growth and consists primarily of theater-owning families with estate-planning objectives or liquidity needs (most likely caused, in some cases, by debt assumed to facilitate digital conversion). By adding scale, Digital Cinema’s so-called Digiplex Destinations can increase efficiencies in matters as mundane as the purchase of popcorn and other cinema staples. And by limiting his deals to those with accretive possibilities, he hopes to induce capital providers to continue funding his company’s acquisition spree,” writes Morgan.

This alternative programming includes unique film features such as the May 4 boxing match between Floyd Mayweather and Robert Guerrero, which Digital Cinema beamed live from Las Vegas to 10 of his 18 theaters. The showings aren’t limited to professional fights, but do cater to “cultish offerings” such as extreme sports.

Mayo says the showing of the events is quickly gaining traction and is already tightly woven into Digital Cinema’s business plan … so much so that Mayo would like to reclaim ownership of Clearview Cinemas, which Cablevision sold to Bow Tie Cinemas LLC, reports Morgan.

To read Richard Morgan’s full article, visit: http://dtg.fm/PR2s

[MissionIR]

DCIN Scheduled to Present at Marcum LLP MicroCap Conference

Digital Cinema Destinations Corp. (Digiplex) announced this morning that Chairman and CEO Bud Mayo, as well as CFO Brian Pflug, will be presenting at the Second Annual Marcum LLP MicroCap Conference on Thursday, May 30, 2013, in New York City at the Grand Hyatt Hotel.

The starting time of Digiplex’s presentation is 1:30 p.m. ET. This year’s conference is expected to draw more than 1,000 attendees, including senior personnel from over 100 presenting public companies. For more information and registration details, visit the conference website: www.marcumllp.com/microcap.

For more information on Digiplex, visit www.digiplexdest.com

[MissionIR]

DCIN Plans for Three Upcoming Investor Conferences in May and June

Digital Cinema Destinations Corp. (Digiplex), a fast-growing motion picture exhibitor dedicated to transforming movie theaters into digital entertainment centers, just announced that Chairman and CEO Bud Mayo and CFO Brian Pflug will be participating at three upcoming investor conferences taking place in New York and California.

Details:

Wednesday, May 22
B. Riley & Co. 14th Annual Investor Conference (Santa Monica, CA)
Fireside Chat with Analyst Eric Wold at 2:30 pm ET
Investor 1×1 meetings

Thursday, May 30
Marcum 2nd Annual MicroCap Conference (New York, NY)
Presentation at 1:30 pm ET
Investor 1×1 meetings

Tuesday, June 11
Gabelli & Company’s 5th Annual Movie & Entertainment Conference (New York, NY)
Panel: Digital Opportunities (DCIN CEO Bud Mayo participating) at 12:20 pm ET
Investor 1×1 meetings

Investors who wish to ask questions or schedule a meeting with management should call 212-835-8500 or email [e-mail].

For more information on Digiplex, visit www.digiplexdest.com

[MissionIR]

DCIN Fiscal 2013 Q3 Report Shows Ninefold Increase in Revenues

After today’s closing bell, Digital Cinema Destinations Corp. (“Digiplex”), a fast-growing motion picture exhibitor dedicated to transforming movie theaters into digital entertainment centers, released its fiscal 2013 third quarter financial results for the quarter ended March 31, 2013. A conference call discussing the results is currently in progress. Those unable to attend will be able to replay the call by visiting the investor relations section of Digiplex’s website at www.digiplexdest.com.

To review condensed versions of the company’s balance sheet and income statement, visit http://dtg.fm/MjB5.

Digiplex Chairman and CEO Bud Mayo stated, “Our organization’s top priority continues to be achieving disciplined screen growth as we focus on ultimately expanding Digiplex’s footprint to the 100 location/1000 screen goal we set as a corporate milestone. In fiscal Q3 we added two additional theaters with an aggregate of 19 screens in Solon, OH and Sparta, NJ, raising screen count 12% sequentially. It often takes a few quarters to get new locations up-and-running on Digiplex’s comprehensive digital platform.

“Once fully integrated, we focus on further enhancing attendance and theater level cash flow through a disciplined strategy that encompasses offering a wide array of alternative content, including our own curated DigiNext titles. We also deploy a full complement of social media and targeted marketing in order to generate a two-way dialog with both existing and new patrons, driving additional traffic to our theaters.

“In early April, we hosted a ribbon-cutting for the Solon location, highlighting completion of the digital conversion and some additional cosmetic enhancements. Within the 16-plex, we rebranded four of the auditoriums as the Arts Center 4, which is a ‘theater within the theater.’ These auditoriums offer a unique blend of alternative programming, one of our key differentiators, as we stay on the cutting-edge of digital cinema presentation, offering our valued patrons a true ‘peek at the future of theatrical exhibition.’

“Looking ahead, we maintain a robust and active pipeline of potential theater acquisition candidates, and we have the capacity and liquidity to grow utilizing additional capital from our Start Media JV as well as the new shelf offering, which was filed subsequent to quarter-end,” concluded Mr. Mayo.

For more information on Digiplex, visit www.digiplexdest.com

[MissionIR]

DCIN Teams Up with The Guitammer Company Inc. (GTMM) to Enhance Entertainment Experience

The Guitammer Company, a leader in low frequency sound products that provide an immersive entertainment experience for audiences worldwide, announced this morning that it had entered into a Joint Marketing Agreement with Digital Cinema Destinations Corp. (“Digiplex”).

According to the signed agreement, Guitammer’s ButtKicker brand low frequency transducers will be installed in Digiplex’s Solon Cinema 16 in Solon, Ohio, enabling the patented “4D” Buttkicker experience for all of the 300+ stadium seats in one of the cinema complex’s largest 3D auditoriums. Because the ButtKicker system can be integrated with nearly all types of cinema seating, it was easily added to Digiplex’s upgrade plan for this recently acquired complex. Also, because ButtKicker’s products accurately reproduce the effect of each movie’s existing “.1? and bass sound track, with no special processing or coding requirements, they can be used with all types of movies that will run in the auditorium. The ButtKicker Gamer and the Wireless ButtKicker Kit will be the featured products initially offered to Digiplex’s customers. Installation is slated for late summer 2013.

“We couldn’t be more thrilled that our initial test location for this new joint marketing program is with Digiplex, Bud and his management team,” said Mark A. Luden, Guitammer’s President. “Their expertise as theater operators and marketers, combined with their unique value proposition to stream alternative content, gives us an opportunity to partner with a company that knows how to connect with its audience and remain on the cutting edge. We anticipate increased sales of our consumer products as a result of this strategic agreement with Digiplex.”

“Guitammer hopes to roll out this type of partnership model with the Lumière theater chain throughout China in the near future as well, as per our previous press releases,” concluded Luden.

For more information on Guitammer, visit www.guitammer.com

For more information on Digiplex, visit www.digiplexdest.com

[MissionIR]

DCIN Rapidly Transforms Analog Theatre Market with Digital Entertainment Centers

Digital Cinema Destinations has been strategically expanding their footprint through acquisition of solidly performing theatres, transforming the mundane into the modern as the venues are upgraded to a state-of-the-art digital platform that is not only much more efficient/cost effective, but also provides movie-goers with a much wider array of entertainment options, from dynamic/interactive content to live sports and just about any other event you can imagine.

By going beyond the analog theatre experience and offering customers all the fruits of a true digital entertainment center, DCIN has made some serious infrastructural progress since the company’s IPO back in April of 2012, growing from just 3 theatres with 19 screens, to a full 18 locations with 178 screens. The benefits of digital conversion go beyond audience immersion and are actually super friendly to the environment as well. The digital theatre model dispenses with 70-pound film cans, film couriers, and the difficult, expensive, as well as time consuming standard projection methods (literally hours to spool reels onto platters), replacing everything with digitally distributed and projected content.

This venue concept is ideal for other things you might not think of at first as well, like hosting big corporate conferences, putting on gaming events, or even doing auctions. The digital entertainment model is far more than just watching movies and the company truly embraces their target market, encouraging things like the performing of skits along with the program in certain cases and singing along, even tailgating parties outside for sporting events. DCIN has rapidly carved out considerable market share for itself from the standard market model and is doing business hand-over-fist as consumers flock to a platform that transcends their expectations of a traditional cinematic outing.

DCIN has their sights set on as many as 100 theatres and 1k screens in 75% of the nation’s prime designated marketing areas (DMAs), fully intent on reshaping what consumers expect in a night out at the movies. Investors have to love this concept because what you are doing here is taking an already functional model and adding feature-rich layers, as well as a broad new pipeline of content, while simultaneously lowering operational overhead (all in one fell swoop). More importantly, DCIN is a tight ship, even in today’s choppy waters, with a veteran management team headed up by Chairman and CEO, Dale “Bud” Mayo, an industry heavyweight and film exhibition guru who founded/led the pioneering digital cinema venue, Cinedigm Digital Cinema Corp., as well as leading domestic theater circuit, Clearview Cinema Group.

Offering traditional audiences a richer palette, with choices like ballet/opera, indie films, and cutting-edge documentaries (like Running the Sahara, Standing Silent, and The Standbys), alongside traditional movie fare, has even led to the creation of the Digiplex Destination offering known as DigiNext, a curated series of indie films hot out of the world’s film festival circuit with fresh new comedy, drama, and documentaries. By focusing on a wider range of alternative programming and social media customer interaction, as well as associated active-targeted marketing, DCIN is slowly building up its alternative programming foundation with around 20% of total box office receipts projected eventually in what is a choice profit category. DigiNext will bring special content (up to ten releases a year at the moment) forward through a JV with Nehst Studios, and DCIN gets 50% of all downstream revenues, from DVDs and digital downloads to the overseas market, all via an under $7.00/ticket range.

The big takeaway here is timing, taking advantage of the Monday to Thursday window when average cinemas operate at sub 10% capacity levels, jacking up attendance by easily/quickly replacing underperforming Hollywood titles with schedules featuring fresh new content. Combined with an attitude towards the customers that fosters meaningful interaction, easily tied-in pre-show ad revenue from National CineMedia (over 19k screens in the ad network, minimum guaranteed ad revenue of $0.17 per patron), and Virtual Print Fees from major studios (another amazing benefit to this digital platform technology over analog and renting film, greatly benefiting theatre-level cash flows), it’s no wonder DCIN saw a seven-fold jump in Q2 FY13 revenues to some $6.9M.

Something else that should grab investors right away about the potential of DCIN’s digital platform roll out is clearly evident in the company’s recent news that they will be offering showings of major Hollywood releases (Oblivion, Star Trek – Into Darkness, Iron Man 3, and the like), in both Spanish and English to accommodate audiences in their San Diego, San Bernardino, and Berks County markets. Bud Mayo even stated that the company would expand responsively to audience demand with additional titles, schedules, locations, and show times (with G to PG-13 titles initially focused on to grab the biggest crowds). This is a compelling aspect of digital transformation and the expansion potential for the model should be immediately apparent to anyone who has studied the market dynamics of language.

With a light-weight and easy to manage software back-end and a clear vision for growing their business model, DCIN is real mover with a proven strategy for transforming the analog theatre space into a landscape dominated by their digital entertainment centers.

For more information on Digital Cinema Destinations, visit www.DigiPlexDest.com

[MissionIR]

DCIN Schedules Release of Fiscal 2013 Q3 Financial Results and Conference Call

Earlier today, Digital Cinema Destinations announced that it will be reporting its fiscal 2013 third quarter financial results for the three-month period ended March 31, 2013, after the market close on Tuesday, May 14, 2013. Management will host a conference call and webcast at 4:30 p.m. ET that same day to review the results.

Investors who wish to join the call should dial the following phone number at least five minutes in advance: 800-707-8454. The company is also offering a live webcast at the Investor Relations section of its website at www.digiplexdest.com. A webcast replay will be available and accessible for at least 30 days after the live event.

For those currently unfamiliar with the company, Digital Cinema Destinations is redefining what it means to go to a movie theater. Currently operating 18 cinemas and 178 screens in AZ, CA, CT, NJ, OH, and PA, the company is introducing new ways to drive business during the week, attract wider audiences (capitalizing on social media and targeted marketing), and provide immersive digital programming.

For more information on Digital Cinema Destinations, visit www.digiplexdest.com

[MissionIR]

DCIN Leverages Digital Content Distribution Technology to Redefine the Movie Theater

The movie theater industry, like the motion picture industry, is going through a technological revolution. People are well aware of the rapidly growing use of computer generated imagery to make impossible images possible, together with the use of 3D, advanced sound developments, and other technologies to draw the viewer into the action. These are all part of a transformation in the motion picture industry. What is less known, but no less important, is a transformation taking place in the movie theater industry, led by companies like Digital Cinema Destinations, a rapidly growing New Jersey based operator of theaters currently in 6 states.

Digital Cinema Destinations, also known as Digiplex Destinations, is leveraging the ongoing movement to digital content distribution as an opportunity to redefine the role of the local movie theater, from simply a place to watch movies to a much broader digital entertainment environment, offering live sports events, concerts, conferences, operas, auctions, fashion shows, and even videogames. By applying an aggressive acquisition-based growth strategy, the company acquires and transforms existing operations, introducing new ways to drive business during the week, attract wider audiences (capitalizing on social media and targeted marketing), and provide immersive digital programming.

Digital Cinema already operates 178 screens in California, Arizona, New Jersey, Connecticut, Ohio, and Pennsylvania, and has plans to continuously grow their national footprint. The company’s fiscal second quarter 2013 revenues recently came in at seven times that of the same quarter in fiscal 2012. In addition, Vista Partners recently announced initiation of coverage, targeting a price approximately 45% over current levels.

For more information on Digital Cinema Destinations, visit www.DigiplexDest.com

[MissionIR]

Dominick & Dominick LLC just reiterated their "Buy" rating and $8.50 price target.

[MissionIR]

DCIN Gets $9 Price Target from Vista Partners; 47% Gain from Current Levels

Just before the opening bell, Vista Partners announced its initiation of coverage on Digital Cinema Destinations Corp. with a twelve-month price target of $9.00. At the close of yesterday’s trading session, the company’s stock traded at $6.12.

Ross Silver, Principal Analyst at Vista Partners, stated, “DCIN is dedicated to identifying, acquiring, and managing solid performing movie theaters via accretive transactions and operates them under the brand name, Digiplex Destinations. DCIN was formed in 2010 to take advantage of the digital disruption taking place within the industry as well as the growing consumer demand for alternative content and its ability to positively leverage fixed theater assets.”

“Management’s strategy for DCIN is to continue to acquire cash flow positive theaters within the nation’s top 100 markets and boost those theaters’ margins through both synergistic operational improvements as well as an increased use of alternative content,” Mr. Silver continued. “In the coming years, management has a goal of ultimately expanding to a total of 100 theaters and 1,000 screens in operation.”

The complete research report is available for download at www.vistapglobal.com

For more information on Digital Cinema Destinations, visit www.digiplexdest.com

[MissionIR]

Digital Cinema Destinations Corp. (DCIN) is “One to Watch”

Digital Cinema Destinations, also known as Digiplex Destinations, is redefining what it means to go to a movie theater. Currently operating 18 cinemas and 178 screens in AZ, CA, CT, NJ, OH, and PA, the company is focused on transforming movie theaters into interactive entertainment centers. Digiplex's customers enjoy live sports events, concerts, conferences, operas, videogames, auctions, fashion shows, and the very best major motion pictures.

Digiplex combines the full promise of digital technology with dynamic content that far transcends traditional movies to create downstream ancillary revenue opportunities. Going beyond the passive theatergoing business model, the company allows its customers to actively engage in live and lively events for uniquely satisfying experiences. The appeal and applications are as unlimited as the number of these events held worldwide.

Digiplex's fiscal 2013 Q2 revenues were up more than seven-fold compared to the prior year. The acquisition-based growth strategy employed by management has enabled Digiplex's rapid expansion in leading markets around the country. Each acquired facility (digitally transformed) represents significant incremental value to Digiplex's operating base, adding accretive revenue, EBITDA, and free cash flow generation.

The movie theater business is undergoing a paradigm shift and Digiplex is well positioned to capitalize on the burgeoning opportunities. Introducing new ways to drive business during the week, attract wider audiences (capitalizing on social media and targeted marketing), and provide immersive digital programming, the company has proven its ability to increase revenue streams of existing facilities while continuously growing its national footprint.

Key Investment Highlights

• Company Operates in Stable Industry with Consistent Pricing Power
• Ideal Environment for Aggressive Acquisition Strategy Employed
• Progressive Business Model Enables Multiple New Revenue Streams
• Rapidly Growing Company Well Positioned to Achieve Further Success