Ymagis Group, the European specialist in digital technologies for the cinema industry, announced today the completion of the agreement to form its new exhibitor services company, CinemaNext North America, with Dallas-based CinTech LLC. In accordance with the agreement signed 19 May 2017, Ymagis Group holds a 75% stake in the company and CinTech the remaining 25%.

Ymagis Group, the European specialist in digital technologies for the cinema industry, announced 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.