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Carmike Cinemas Buys Two Theatres from Phoenix Big Cinemas

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Carmike Cinemas, Inc. (NASDAQ: CKEC), a leading entertainment, digital cinema and 3-D motion picture exhibitor, today announced the completed acquisition of two movie theatres with a total of 16 screens from Phoenix Big Cinemas (“Phoenix Big”), the 20th largest theatre circuit in North America. The Phoenix Big facilities have 8 analog screens each and are located in Madisonville, KY and Greeneville, TN. Carmike plans to immediately begin converting the screens to digital cinema, utilizing Christie digital projectors from its own surplus inventory, as well as installing four 3-D screens at each respective location, in conjunction with 3-D technology partner RealD.

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