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REGAL CINEMAS TO OPEN AT DULLES TOWN CENTER

 

REGAL ENTERTAINMENT GROUP AND DULLES TOWN CENTER ANNOUNCE AGREEMENT TO OPEN STATE-OF-THE-ART 10-SCREEN CINEMA FEATURING THE REGAL PREMIUM EXPERIENCE GIANT SCREEN PRESENTATION

DULLES, VA — May 22, 2012— Lerner Enterprises of Rockville, Maryland, Washington, D.C.’s largest private real estate developer, is proud to announce that Regal Entertainment Group (NYSE: RGC), the largest and most geographically diverse theatre circuit in the United States, has signed an agrement for a 10-screen state-of-the-art cinema to open at Dulles Town Center in Dulles, Loudoun County, Virginia.  The theater will contain approximately 2,000 stadium seats, and all-digital projection for 10 screens including a giant screen presentation called the Regal Premium Experience.  Groundbreaking is scheduled for later this year, with a planned opening in 2013.   

The Regal Premium Experience (RPX) presents movies the way filmmakers intended with powerful, uncompressed surround sound and bright eye-popping images in 2D and RealD 3D.  Patrons enjoy the custom-built premium environment featuring elegant and luxurious seats with high-back headrests, a giant immersive screen illuminated by high-quality digital projectors and completed with a state-of-the-art sound system for the best picture you have ever heard. 

“Dulles Town Center has continually evolved and elevated our retail mix to maintain our position as the dominant shopping and dining destination for western Fairfax and Loudoun Counties” stated William J. Winterburn, Vice President of Lerner for Retail Leasing.  “By adding the Regal Dulles Town Center Stadium & RPX Theaters to our exclusive collection of lifestyle retailers and full-service restaurants, millions of shoppers will be able to shop, dine and be entertained in one premium location,” he added.

As part of the new theater project, the mall will build a 45,000 square-foot theater complex.  The theater box office will be located within the interior of the mall on the upper level immediately adjacent to a new mall entrance that will open with the theater.  The mall will be open during the entire construction process. 

“Dulles Town Center is already a tremendous development with an excellent mix of best-in-class retailers and restaurants.  We are excited to become a part of this retail, restaurant and entertainment center and look forward to creating an exciting venue for our patrons,” said Russ Nunley, Vice President of Marketing and Communications for Regal Entertainment Group.

Regal Entertainment Group (NYSE: RGC) operates the largest and most geographically diverse theatre circuit in the United States, consisting of 6,580 screens in 522 theatres in 37 states and the District of Columbia as of April 26, 2012, with over 211 million attendees for the fiscal year ended December 29, 2011.

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