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VALLEY AND VENTURA COUNTY BUSINESS | REGIONAL ROUNDUP

Finova to Provide Financing to Cinema Ride

January 21, 1997

Cinema Ride Inc., a Studio City maker of theater attractions, said it has signed an agreement with Finova Technology Finance Inc. in which Finova will provide gross proceeds of $1.57 million in equipment-lease financing to Cinema Ride.

Cinema Ride also raised $500,000 by converting debt to equity.

The new financing will help Cinema Ride develop motion-simulator rides.

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