Cinema Ride, Inc. Granted Preliminary Injunction.Business Editors STUDIO CITY, Calif.--(BUSINESS WIRE)--March 7, 2003 Cinema Ride, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MOVE) disclosed today that the District Court in Clark County, Nevada Clark County is a county located in the U.S. state of Nevada. It is the most populous county in Nevada (2006 population estimate 1,912,654), and contains the city of Las Vegas. granted Cinema Ride's motion for Preliminary Injunction A temporary order made by a court at the request of one party that prevents the other party from pursuing a particular course of conduct until the conclusion of a trial on the merits. A preliminary injunction is regarded as extraordinary relief. against its Tickets2Nite, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . partner, relating to the operations of the business. The lawsuit relates to matters concerning management and funding of the joint venture. As this litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. is in the early stages, the Company is unable to predict the resolution of this action. Tickets2Nite sells tickets to Las Vegas shows at half-price on the same day of the performance. Tickets2Nite commenced operations in early November 2002. The Company's ticket booth is located adjacent to the giant Coke bottle on the Las Vegas Strip The Las Vegas Strip (also known as The Strip) is a 4 mi (6.7 km) section of Las Vegas Boulevard South, most of which has been designated an All-American Road. , and is operated under the name "Coca-Cola Tickets2Nite." This concept of same day, half-price tickets is a successful, well-established institution in New York City's Times Square. Based upon operating results to date, the Company believes that if the management and funding issues that are the subject of the litigation are resolved, the Tickets2Nite business venture has the potential to contribute materially to the Company's future financial results. In addition to the Company's Tickets2Nite business, Cinema Ride, Inc. develops, owns and operates motion simulation theater attractions at leading destination tourist sites in the United States and Canada. Cautionary Statement Pursuant to Safe Harbor Provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This news release contains "forward-looking" statements, which are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among others, statements of expectations, beliefs, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. The forward-looking statements in this news release are subject to risks and uncertainties that could cause actual results to differ materially from those results expressed in or implied by the statements contained herein. The Company undertakes no obligations to revise or update any forward-looking statements contained herein in order to reflect events or circumstances that may arise after the date of this news release. |
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