Digital Cinema Destinations Corp. (Digiplex) Completes Acquisition of Connecticut-Based Lisbon Landing Cinema 12 Theater

WESTFIELD, N.J. & LISBON, Conn.--(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 that it has completed its purchase of the state-of-the-art, fully digital Lisbon Landing Cinema 12 in Lisbon, CT, as described more fully in the Company’s press release issued July 9, 2012. This acquisition expands Digiplex’s footprint to 9 cinemas and 85 screens. Digiplex also announced that it received a five-year, $10 million senior secured term loan from Northlight Trust I. The loan proceeds were used to fund the Lisbon acquisition, to pay Barco, Inc. for digital projection systems previously installed in 48 Digiplex auditoriums in Pennsylvania, for fees and expenses associated with the loan, and to provide working capital.