Thursday, August 07, 2014

Cinepolis India to launch of six screens at PVP Square Mall on M.G. Road 
Photo: Tollywood10
[Editor: While the parent company of PVP Ventures Ltd (Rs.7.30) have been continuously showing losses on the books, the PVP Square Mall was set up by the wife of the Vijaywada based businessman and Politician (linked with the ruling NDA), Potluri Vara Prasad, with a massive investment. The question is from where the money has come? Where is the money from PVP Ventures Ltd going? Was the money SIPHONED OFF from PVP Ventures Ltd to set up PVP Square Mall? Who gave her the permission to use PVP Logo and name to her business concern when it has nothing (Not a group company of PVP Ventures Ltd) to do with PVP Ventures Ltd? Is PVP Ventures Ltd a proprietorship firm or a Joint Stock Company? Where are the regulators now? Why is SEBI looking at the other side? Who will now protect the interest of the small investors? If a promoter does day-light robbery then definitely, the genuine shareholders will resent. PVP Ventures Ltd (Rs.7.40) is coming up with Q1FY15 results on 8th August, 2014]
Vijaywada, August 7, 2014: Cinepolis India has decided to open 40 more screens in Andhra Pradesh and Telangana in the next three years.

This is in addition to the 11 screens that are presently operating in the two States, Devang Sampat, head, strategy, Cinepolis, said here on Wednesday. Plans have also been chalked out to open similar screens in Guntur after getting an appropriate mall.

Giving details about the launch of six screens at PVP Square Mall on M.G. Road here, he said the all-digital, Real D 3-D equipped multiplex would feature up to 24 shows everyday in six screens with a capacity of more than 1200 seats. With this, the firm had achieved the landmark of setting up of 90 screens in the country, he claimed.

The company promised to offer the state-of-the-art 3D technology from Real-D systems to ensure viewers the most enthralling 3D movie watching experience. The screens were equipped with latest audio technology with Dolby 7.1 surround sound systems. The firm, which was operating over 3,400 screens across the country, would launch club Cinepolis and Coffee Tree, an in-cinema coffee shop to deliver an enriching movie experience to its patrons. Viewers could enjoy food at Coffee Tree and get benefit from the Cinepolis Club membership where movie goers could register without any charges and start accumulating points for every purchase made at the Cinepolis Box Office. These points could later be redeemed for free tickets, he said.

Club members have the lifetime opportunity to meet and greet their favourite film stars. “It will be a different experience for viewers to watch movies at our screens,” he claimed.

Explaining in detail about the expansion plans, he said priority would be given to South, especially Andhra Pradesh and added that Guntur has great potential to start the operations and efforts were on to search a right location.

CourtesyThe Hindu
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