CINEMARK AGRESS TO PURCHASE 10 ACRES FOR ITS NEXTGEN CONCEPT

FORT WORTH — Cinemark Holdings, Inc., a motion picture exhibitor, has plans to construct a 14-screen, all-digital movie theater that will feature its Cinemark NextGen design concept in Presidio Junction, located eight miles north of downtown Fort Worth. Presidio Junction is a 300-acre master-planned, mixed-use development by LNR Property LLC located at the intersections of Interstate 35 West, SH 287 and North Tarrant Parkway. Cinemark Holdings purchased 10 acres within the property to build the Cinemark NextGen theater, which is scheduled to open in time for the 2012 summer movie season. All of the stadium-seated auditoriums will offer a state-of-the-art viewing environment with wall-to-wall screens, complete digital projection and digital surround sound. Marc Marrocco, Brian Glaser and Herb Weitzman of The Weitzman Group and Jay Jostrand of Graco negotiated the transaction between Cinemark Holdings and LNR Property.