September 23, 2014 10:05 PM ET

Media

Company Overview of Digital Cinema Destinations Corp.

Company Overview

Digital Cinema Destinations Corp. operates as a motion picture exhibitor in the United States. The company also provides 3D content and alternative programming, such as live opera, ballet, sports events, live and pre-recorded concerts, and special live events, as well as Broadway shows, music, lectures, religious content, and video games. As of January 03, 2014, it operated 20 theaters with an aggregate of 192 screens in Arizona, California, Connecticut, Ohio, Pennsylvania, and New Jersey. Digital Cinema Destinations Corp. was founded in 2010 and is headquartered in Westfield, New Jersey. As of August 15, 2014, Digital Cinema Destinations Corp. operates as a subsidiary of Carmike Cinemas Inc...

250 East Broad Street

Westfield, NJ 07090

United States

Founded in 2010

47 Employees

Phone:

908-396-1360

Fax:

908-396-1361

Key Executives for Digital Cinema Destinations Corp.

President
Age: 45
General Counsel
Controller
Vice President
Age: 47
Compensation as of Fiscal Year 2014.

Digital Cinema Destinations Corp. Key Developments

Digital Cinema Destinations Corp. Appoints Daniel E. Ellis as Director

On August 15, 2014, Digital Cinema Destinations Corp. completed its merger with Badlands Acquisition Corporation, pursuant to that certain Agreement and Plan of Merger, dated May 15, 2014, by and among Purchaser, Merger Sub and the company. In connection with the Merger, all the directors of the company prior to the Merger voluntarily resigned from the company's board of directors effective as of the Effective Time, and at the Effective Time, Daniel E. Ellis was appointed as the sole director of the company. At the Effective Time, the officers of Merger Sub (Richard B. Hare, Vice President, and Daniel E. Ellis, President and Secretary) became the sole officers of the company.

Digital Cinema Destinations Corp.(NasdaqGM:DCIN) dropped from NASDAQ Composite Index

Digital Cinema Destinations Corp. will be removed from the NASDAQ Composite Index.

Digital Cinema Destinations Corp. Reports Unaudited Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended March 31, 2014

Digital Cinema Destinations Corp. reported unaudited consolidated earnings and operating results for the third quarter and nine months ended March 31, 2014. For the quarter, the company reported total revenue of $10,054,000 against $8,765,000 a year ago. Operating loss was $715,000 against $1,734,000 a year ago. Loss before income taxes was $1,172,000 against $2,173,000 a year ago. Net loss attributable to shareholders was $775,000 or $0.10 per basic and diluted share against $1,531,000 or $0.25 per basic and diluted share a year ago. LBITDA was $64,000 against EBITDA of $64,000 a year ago. Adjusted EBITDA was $415,000 against $451,000 a year ago. For the nine months, the company reported total revenue of $32,719,000 against $19,982,000 a year ago. Operating loss was $2,533,000 against $3,186,000 a year ago. Loss before income taxes was $3,888,000 against $4,005,000 a year ago. Net loss attributable to shareholders was $2,850,000 or $0.39 per basic and diluted share against $3,334,000 or $0.59 per basic and diluted share a year ago. LBITDA was $244,000 against EBITDA of $98,000 a year ago. Adjusted EBITDA was $2,261,000 against $1,452,000 a year ago. For the quarter, the company reported total attendance of 822,000 against 810,000 a year ago. For the nine months, the company reported total attendance of 2,893,000 against 1,845,000 a year ago.

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Date
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Merger/Acquisition
May 15, 2014
--
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