The Oceanside headquarters of CinemaStar Luxury Theaters Inc. are popping with activity: there’s a new VP-chief financial officer; it has launched its first international foray; and it is struggling to have its stock index re-attached to the NASDAQ bellwether list.
Norman Dowling is the 69-screen looplet’s new VP-CFO, reporting to CinemaStar prexy-CEO John Ellison Jr. Dowling joins CinemaStar from Advanced Marketing Services in San Diego, where he was director of finance.
Meanwhile, the chain opened Friday its first installation outside of America, the 10-screen Ultraplex 10 in Tijuana, Mexico — the first all-THX Digital-equipped multiplex in Latin America. Ellison intends to open additional sites in Mexico as conditions and finances allow.
And the company has protested its delisting from the NASDAQ SmallCap Market list, a “preferred” list of bellwether NASDAQ securities that help indicate the stock market’s general trends and directions.