|
IMAX Corporation
(Nasdaq: IMAX) which has been a Focus stock at SmallCapReview
since August 27th when we introduced it at $3.99, today made a
major announcement that it has formed a joint-venture agreement to
install 100 IMAX® digital projection systems at AMC locations in
33 major U.S. markets. IMAX
was trading at $6.90 up 48% on the day and up 73% since our
introduction in early trading Friday.
That
story and more at our site here.
Imax
Corporation (IMAX)
Website:
http://www.imax.com
The
Ultimate Movie Experience.
Press Release
IMAX
signs 100-theatre deal with AMC Entertainment(TM)
IMAX Corporation
and AMC Entertainment Inc. (AMC), one of the world's largest and
most innovative theatrical exhibition companies, today announced a
joint-venture agreement to install 100 IMAX® digital projection
systems at AMC locations in 33 major U.S. markets.
The theatres will
feature IMAX's digital projection system which is being developed
for the IMAX MPX® theatre design. The agreement is projected to
double IMAX's current commercial theatre footprint in North
America and accelerates the momentum behind IMAX and AMC's
transition to digital projection technology.
The rollout of the
first 50 IMAX digital projection systems will begin in July 2008
at premier AMC theatre locations in 24 of the 33 selected markets,
with an additional 25 scheduled for rollout in 2009 and 25 more in
2010. The IMAX theatres are slated to be installed in many of
AMC's top-performing locations in the United States, including:
AMC South Barrington 30, Chicago; AMC Mesquite 30, Dallas; AMC
Gulf Pointe 30, Houston; AMC Century City 15, Los Angeles; AMC
Empire 25, New York; AMC Neshaminy 24, Philadelphia; AMC Eastridge
15, San Francisco; AMC Hoffman Center 22, Washington D.C.
Find the
latest Quote and News on IMAX here
Read
more about IMAX here...
SmallCapReview.com
feature stock reports are intended to be stock ideas, NOT
recommendations. Please do your own research before investing. It
is crucial that you at least look at current SEC filings and read
the latest press releases. Information contained in
this report was extracted from current documents, the company web
site and other publicly available sources deemed reliable. The information provided in this
report is not intended for distribution to, or use by, any person
or entity in any jurisdiction or country where such distribution
or use would be contrary to law or regulation or which would
subject us to any registration requirement within such
jurisdiction or country.
Copyright
SmallCapReview.com. All rights reserved. SmallCapReview.com is not
a Registered Broker/Dealer or Financial Advisor. All materials presented on our website and
individual reports released to the public through this website,
e-mail or any other means of transmission are not to be regarded
as investment advice and are only for informative purposes.
Before making a purchase or sale of any securities featured
on our website or mentioned in our reports, we strongly encourage
and recommend consultation with a registered securities
representative. All
investors are cautioned that they may lose all or a portion of
their investment if they decide to make a purchase in any of our
profiled companies. SmallCapReview.com may hold positions in
securities mentioned herein, and may make purchases or sales in
such securities featured on our website or within our reports. SmallCapReview.com
has
not been compensated by Imax Corporation nor do we hold any shares
at this time. SmallCapReview.com
may decide to purchase or sell shares on a voluntary basis in the
open market before, during or after the profiling period of this
report.
The
reader should verify all claims and do their own due diligence
before investing in any securities mentioned. Investing in small
cap securities is speculative and carries a high degree of risk.
We
encourage our readers to invest carefully and read the investor
information available at the web sites of the Securities and
Exchange Commission (SEC) at: http://www.sec.gov
and/or the National Association of Securities Dealers (NASD)
at: http://www.nasd.com.
Readers can review all public filings by companies at the SEC's
EDGAR page. The NASD has published information on how to invest
carefully at its web site.
|
