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Monday, March 28, 2011

CinemaCon 2011: Cinema City Int'l Chooses MasterImage 3D as the 3D Systems Provider for its Growing Cinema Empire

Wow. Nice deal here! It's a pleasure to report on the continued success of MasterImage's 3D system. I will be meeting with Peter Koplik President, Digital Cinema) and the MasterImage team here at CinemaCon to check out their newest technologies! Stay tuned for more from the show!!

--Third Largest Multiplex Theatre Operator in Europe to Deploy MasterImage 3D Systems--

Hollywood, CA and Buckinghamshire, England -- (March 28, 2011) - MasterImage 3D, Inc., a provider of pioneering 3D solutions for theaters and mobile devices, announced today that Cinema City International (CCI), the third largest multiplex theatre operator in Europe, has chosen MasterImage 3D as its new 3D cinema system supplier.

CCI Group now has 866 screens in 90 multiplexes operating in 7 territories - Poland, Hungary, Czech Republic, Israel, Romania and Bulgaria. The Group is continuing its expansion with 35 more multiplexes currently under development, which will add 360 new screens. The entire CCI circuit is expected to be fully digital by 2013, with up to 60% of its screens supporting 3D.

Moshe (Mooky) Greidinger, CEO of the CCI Group, said, "MasterImage 3D offers a high quality, low maintenance system. Their single-use glasses eliminate the practice of having to wash and manage 3D glasses, which makes life easier for us, the cinema operators. We have tested thoroughly MasterImage systems and were very much convinced by its top quality. "

"Cinema City International is a force in Central and Eastern Europe -- known as much for keeping the ethos of a family-owned company as they are for their success and size," said Brian Kercher, Managing Director of 3D Cinema, Europe, for MasterImage 3D. "They have a strong team of cinema engineers who understand the needs of exhibitors and we are really pleased that our systems and approach have earned their respect and business. We look forward to a long relationship with CCI and its theatres."

About Cinema City International
Cinema City International is the largest multiplex cinema operator in Central & Eastern Europe and Israel. CCI operates 90 multiplexes with 866 screens, in 7 countries (Poland, Czech Republic, Hungary, Romania, Bulgaria, Slovakia and Israel). There are 35 more multiplexes under development, which will add approximately 360 new screens. In addition, CCI is actively involved in cinema related advertising and in film distribution. In 2010 CCI sold 30.5 million tickets in six countries, 11.1% more than in 2009. The CCI group employs over 4,000 people in 7 countries.

About MasterImage 3D Inc.
MasterImage 3D, Inc. is a 3D technology company that provides pioneering solutions for theaters, mobile devices and gaming. With digital 3D cinema systems installed in 57 countries, MasterImage 3D is a fast-growing digital 3D cinema system supplier, offering audiences the clearest, sharpest 3D experience while providing exhibitors with a compelling ownership-based pricing model. The company invented, patented and mass-produced the cell-matrix parallax barrier, the leading 3D technology for auto-stereoscopic mobile display. It enabled one of the world's first glasses-free 3D mobile phones and is in development for devices in 2011. Its 3D camera ASIC empowers users to create 3D content. Founded in 2004, the company is privately held and headquartered in Hollywood, with offices in the UK, Tokyo, Seoul and Beijing. http://www.masterimage3d.com

MasterImage is a sponsor of MarketSaw.

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Jim Dorey
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jim (at) marketsaw (dot) com

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