Cinema Ride, Dave & Buster's in Joint Venture.STUDIO CITY, Calif.--(BUSINESS WIRE)--June 10, 1998--Cinema Ride Inc., (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :MOVE: Temporarily:MOVED) today announced a joint venture agreement to bring its 3-D motion simulator A motion simulator or motion platform is a mechanism that encapsulates riders and creates the effect/feelings of being in a moving object. One example would be a theme park ride which simulates flying by using a projection screen in front of the seats you ride in. thrill ride to Dave & Buster's (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DANB DANB Dental Assisting National Board ) restaurant/entertainment complex in Atlanta. The joint venture agreement calls for Cinema Ride to install its 3-D motion simulation theater hardware/software package at Dave & Buster's Atlanta facility which has been open since 1992. The venture will be managed by Dave & Buster's, with operational input and training provided by Cinema Ride. Dave & Buster's strives to deliver new attractions that keep its stores fresh with the latest generation of amusements. Mitch Francis, chief executive officer of Cinema Ride said, "we are thrilled to become an attraction within Dave & Buster's Atlanta store. They have set the standard for the entire location-based entertainment industry and we look forward to contributing to a successful venture in Atlanta and a mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" long-term relationship." Dave Corriveau, president and co-chief executive officer of Dave & Buster's stated, "the 3-D motion theater by Cinema Ride will once again provide our guests with the latest and greatest in entertainment attractions. We look forward to a mutually successful venture." About Cinema Ride Inc. Cinema Ride develops, owns and operates motion simulation theater attractions at leading destination tourist sites in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. The company's 15-seat motion simulation capsules feature six-axis, military-quality flight simulator flight simulator, device providing a controlled environment in which a flight trainee can experience conditions approximating those of actual flight. A simulator generally consists of an enclosure housing a working replica of the interior of the cockpit of an hardware that is computer-programmed to move in concert with action viewed on a motion picture screen. The Cinema Ride facilities are the first to feature 3-D ride films. Its library includes such titles as Atlantis Submarine Race, Runaway Coasters, Haunted haunt v. haunt·ed, haunt·ing, haunts v.tr. 1. To inhabit, visit, or appear to in the form of a ghost or other supernatural being. 2. Graveyard Run and Warren Miller's Ski Ride. About Dave & Buster's Inc. Founded in 1982, Dave & Buster's is one of the country's leading upscale restaurant and entertainment concepts. They currently operate thirteen locations across the United States with four more store openings slated for 1998. D&B also has a seven-store licensing agreement with Bass Plc for a chain of D&B's in the United Kingdom. The first U.K. Dave & Buster's, in Birmingham, England, will be joined this summer by a second store in Bristol. NOTE: Except for the historical information contained herein, the statements made in this release constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, and the other risks detailed from time to time in the Company's reports on file at the Securities and Exchange Commission. CONTACT: Cinema Ride Inc. Mitch Francis Roger Bassil, 818/761-1002 OR Dave & Buster's Inc. Dennis Paine, 214/357-9588 |
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