CinemaStar Announces Management Changes.Business Editors/Entertainment Writers SAN DIEGO--(BUSINESS WIRE)--Oct. 20, 2000 CinemaStar Luxury Theaters Inc. (Nasdaq:LUXY) announced today that Paul Paul, 1901–64, king of the Hellenes (1947–64), brother and successor of George II. He married (1938) Princess Frederika of Brunswick. During Paul's reign Greece followed a pro-Western policy, and the Cyprus question was temporarily resolved. W. Hobby A hobby is a spare-time recreational pursuit. Origin of term A hobby-horse was a wooden or wickerwork toy made to be ridden just like the real hobby. From this came the expression "to ride one's hobby-horse", meaning "to follow a favourite pastime", and in turn, has completed his one year commitment as co-chief executive officer and member of the Board of Directors, and has decided not to extend his commitment. Chief Executive Officer Jack Crobsy expressed his appreciation for Mr. Hobby's dedication and effort over the past year, which has been a difficult year for the movie exhibition industry. "Paul has helped modernize mod·ern·ize v. mo·dern·ized, mo·dern·iz·ing, mo·dern·iz·es v.tr. To make modern in appearance, style, or character; update. v.intr. To accept or adopt modern ways, ideas, or style. our operations, and has helped develop a vision for how the theater business can develop new revenue streams by leveraging our retail audience in more sophisticated ways." In a related move, CinemaStar named Clay Colbert as its new president. Mr. Colbert, who was formerly the company's vice president of operations, has over twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. experience in the movie exhibition industry. CinemaStar owns and operates seven first-run motion picture theaters in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, (87 screens) and one theater in Tijuana, Mexico (10 screens), for a total of nine theaters (97 screens). Further information may be obtained from the Company's Website: www.cinemastar.com. |
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