Ymagis Group (ISIN: FR0011471291, TICKER: MAGIS, PEA-PME-eligible), the European specialist in digital technologies for the cinema industry, announced today that it has agreed with Dallas-based CinTech® LLC. to form a new, full-service exhibitor services company in North America. Under the terms of the agreement and subject to the fulfillment of conditions precedent, a new company, CinemaNext North America, will be created with Ymagis Group acquiring a 75% stake and CinTech the remaining 25%. CinemaNext North America will be managed by industry veteran Stan Hays. Both parties intend to start operations during Q2.
Source: YMAGIS : Launch CinemaNext North America with Texas-based Partner CinTech