Clearview Cinema Group, Inc.

Clearview Cinema Group, Inc. acquires and operates multiplex theaters as a regional motion picture exhibitor. These theaters are primarily located in suburban communities of New York and New Jersey metropolitan area. The company's theaters offers a mix of commerical, art and family-oriented films appealing primarily to sophisticated moviegoers and families with children. Currently the company has 37 theaters and 169 screens. During the year the company acquired 14 theaters and 79 screens located in New Jersey and New York. Box office receipts accounted for 75% of 1997 revenues; Concession sale, 23% and other revenue, 2%.