Toronto, Ontario -- June 17, 2010 (CGX.UN): Cineplex Entertainment Limited Partnership ("Cineplex Entertainment") announced today its agreement to acquire DDC Group International Inc. and its subsidiaries, including Digital Display & Communications Inc. ("DDC"), a leading implementer of digital signage networks and associated products and services. DDC is a Waterloo-based digital signage company that designs, installs, maintains and operates digital signage networks on numerous software platforms in retail, financial, hospitality and entertainment markets across North America. The transaction value is approximately $3.5 million.
DDC's services include consulting, system design, technology sourcing, creative production, project management and ongoing network operations for a number of Canada's top brands. DDC has received prestigious awards in the North American digital signage industry including Best Content, Advertising and Best Content, Corporate Communications at the 2009 Digital Signage Expo in New York. Most recently, DDC was the recipient of four awards for experiential, advertising and informational content at POPAI's 2010 Digital Signage Awards Gala in Las Vegas.

"DDC is a recognized leader in designing, implementing and maintaining service-based digital signage networks across North America," said Ellis Jacob, President and CEO, Cineplex Entertainment. "Acquiring DDC enables us to further expand our existing Cineplex Digital Media business. DDC's solutions-focused expertise coupled with their award-winning services allows us to expand our services to clients and puts us in a great position to significantly grow our digital media business."

"We are thrilled to become a part of the Cineplex Entertainment family," said Stuart Kirkpatrick, President, DDC. "By joining forces with Cineplex Digital Media, we unite with a company that shares our passion for digital signage whose strength, national reach and immense expertise positions us to deliver even greater growth and success to our clients and their networks."
The acquisition is expected to close on or about July 2, 2010.

 

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Source: Empire

Veteran thesps Emily Watson, Peter Mullan, David Thewlis and Benedict Cumberbatch will support newcomer Jeremy Irvine in Steven Spielberg's adaptation of War Horse, a novel that focuses on a boy and his horse during World War I. Niels Arestrup, Celine Buckens, Nicolas Bro, David Kross, Leonard Carow, Rainer Bock, Robert Emms and Patrick Kennedy have also signed on.

The project comes as something of a surprise considering that Spielberg has been kicking around such high profile projects as a Lincoln biopic.

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COSTA MESA, CA -- Effective immediately, QSC is pleased to announce that Joe Pham has been promoted to CEO of QSC Audio Products, LLC. Pham joined QSC in 2004 and has been extremely instrumental in guiding the company's growth and transition from being known primarily as a professional audio amplifier manufacturer to an organization regarded worldwide as a complete professional audio systems manufacturer.

"Words cannot even begin to describe how truly humbled and honored I am at the trust that's being placed upon me," says Pham, QSC's new Chief Executive Officer. "I am absolutely thrilled to take on this new role and it's a responsibility I do not take lightly. I want to thank Pat, Barry and John for their invaluable guidance and especially acknowledge the hundreds of dedicated QSC employees who make QSC such a special place."

"Joe possesses an unusual combination of assets, a serious technical degree, world-class business training and he's a musician. Many of us in the audio industry feel lucky if we possess only one of these qualifications," said Pat Quilter, Chairman of the Board, QSC. "We lit the rocket that powered QSC for 40-plus years, now with Joe at the helm we're ready to see what the second stage can really do."

"Joe has proven to be a man of uncommon capability and compassion. QSC Audio is in good hands," states Barry Andrews, outgoing CO-CEO of QSC.

"Joe has demonstrated all the qualities you would want in a person that you are entrusting to lead your company forward: intellect, integrity, a passion for our business, great interpersonal skills, a solid business sense and strong leadership qualities," adds John Andrews, outgoing CO-CEO of QSC. "Joe has a burning desire to see QSC succeed and I look forward to watching him build on the great foundation we have created."

Pham joined QSC in 2004 serving as the company's Chief Strategy and Technology Officer. In 2007, Pham was promoted to COO where he began overseeing sales, marketing, R&D, operations, human resources, finance, and strategy. Prior to joining

QSC, Pham was with McKinsey & Company, a global management consulting firm, where he worked with chief executives from Fortune 50 companies creating business strategies aimed at driving new growth. Pham holds a Ph.D. in electrical engineering from UCLA and is a former professor of electrical engineering.

With the ascension of Pham to CEO, Quilter and Barry and John Andrews will begin to transition away from day-to-day operations and the active management of the company they founded over 42 years ago. Quilter will divest himself from direct engineering work and move into an advising and consulting capacity. He will also focus his time on other business ventures and interests. Barry and John Andrews will turn their attention to QSC Holdings, Inc. (QHI) which is the primary owner of QSC Audio Products, LLC. Barry Andrews will remain active in a business and product strategy role, while John Andrews will concentrate on higher level financial, legal and other issues and activities of QHI.

 

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