Digiplex Continues Theater Circuit Expansion, Agrees to Acquire 10-Screen Entertainment Complex in Daytona, FL from Paragon Entertainment Group

WESTFIELD, N.J. & DAYTONA, Fla.--(BUSINESS WIRE)--Digital Cinema Destinations Corp. (NasdaqCM: DCIN), a fast-growing motion picture exhibitor dedicated to transforming movie theaters into digital entertainment centers, today announced signing of an asset purchase agreement (APA) to acquire a 10-screen entertainment complex in Daytona, FL (DMA 19) from Paragon Entertainment Group (“Paragon Theatres”, “Paragon”). Located on Daytona Beach, the 10-plex is part of the Ocean Walk Shoppes (250 N. Atlantic Ave. Suite 300), a premier dining, shopping and entertainment destination. Digiplex’s newest location will also feature “My Pi” Custom Pizza and Craft Beer, marking the Company’s entry into the theater-restaurant service business. Digiplex will be licensing the My Pi concept under a licensing agreement from Paragon Entertainment, LLC.