COLUMBUS, Ga. & CLARION, Pa.--(BUSINESS WIRE)--Carmike Cinemas, Inc. (NASDAQ: CKEC), a leading digital cinema and 3-D motion picture exhibitor, today announced the completed acquisition of a seven-screen entertainment complex based in Clarion, PA. All seven screens at the Clarion location will feature state-of-the-art digital projection and sound systems, one screen is 3-D compatible and all seven auditoriums have stadium seating configurations. The theatre was acquired from Destinta Theatres, a regional exhibitor with four remaining theatres, two in PA, and one each in NY and CT.
Carmike President and CEO David Passman stated, “Carmike has successfully transitioned to its present growth mode and we are now actively seeking both accretive acquisitions and build-to-suit new theatre construction opportunities with an increasing number of real estate development partners. Last November we launched a brand new 12-screen entertainment complex in West Pottsgrove, PA and this purchase of the Clarion seven-plex marks Carmike’s 19th theatre in Pennsylvania, the fourth largest state in our growing footprint, behind Georgia, North Carolina and Tennessee.”
About Carmike Cinemas (NASDAQ: CKEC) - www.carmike.com
Carmike Cinemas, Inc. is a U.S. leader in digital cinema and 3-D cinema deployments and one of the nation’s largest motion picture exhibitors. As of December 31, 2011, Carmike had 237 theatres with 2,254 screens in 35 states. Carmike’s digital cinema footprint reached 2,128 screens, including 210 theatres with 744 screens that are also equipped for 3-D. Carmike’s focus for its theatre locations is small to mid-sized communities.