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Digiplex Destinations Announces Registered Direct Offering of $5.7 Million

WESTFIELD, N.J.--(BUSINESS WIRE)--Digital Cinema Destinations (Nasdaq: DCIN), doing business as Digiplex Destinations, announced today that is has entered into definitive agreements with certain institutional investors to sell an aggregate of 1,141,000 shares of its Class A Common Stock in a registered direct offering for gross proceeds of approximately $5.7 million, before deducting placement fees and offering expenses. The shares were sold at a price of $5.00 per share. Barrington Research Associates, Inc. acted as exclusive placement agent for the offering.