In November 2003 we merged Galaxy Entertainment Inc., with the Canadian assets of Cineplex Odeon Corp and named the company Cineplex Galaxy.

Beginning today, you will start to see Cineplex Entertainment appearing in newspaper listings and press releases. Over the coming weeks and months, changes will appear on our company website, our theatre screens, popcorn bags and more.

We are pleased to announce that we have an agreement to sell the Fifth Avenue Cinemas to Festival Cinemas. This is the second theatre sale we have announced since completing the acquisition of Famous Players on July 22, 2005.