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.
June 28, 1994
Cinema Ride Inc., a Studio City-based maker of rides that feature short action films on video, said it has filed an application with the Securities and Exchange Commission for a shelf offering to raise up to $6.4 million through the sale of 1.2 million shares of common stock and 1.7 million redeemable warrants. Proceeds from the offering will be used to repay equipment lease obligations and to develop new attractions. New York-based A.S. Goldmen & Co. Inc. is the underwriter.
February 7, 1991
Complaints from elderly and handicapped residents persuaded the city and its Dial-A-Ride contractor to change some rules that restricted travel. Riders will now be dropped off in county pockets within city limits and will be allowed to go to the Social Security office and Cortez Park Senior Center, both in West Covina. The council unanimously approved the changes on Tuesday, six months after hiring Medi-Ride Inc.
CALIFORNIA | LOCAL
May 8, 1996 |
Assemblyman Richard Katz (D-Sylmar), will host his 13th and final Valley Small Business Awards Breakfast on Friday at the Airtel Plaza hotel. The award winners are chosen by area chambers of commerce. The state Assembly's Democratic leader sponsors the ceremony with the National Assn. of Women Business Owners, Kaiser-Permanente, Medi-Ride Inc. and Pacific Bell. A small-business owner himself, Katz said: "It's important to recognize the men and women who run small businesses in the Valley.
CALIFORNIA | LOCAL
April 6, 1999
Cinema Ride Inc. of Studio City said it has been granted a U.S. patent for a three-dimensional motion simulator ride. The ride gives viewers--who are seated in a moving chair in front of a movie screen--the sensation of doing things such as skiing or diving underwater. According to Cinema Ride, the ride is the first to couple 3-D with a motion simulator. Cinema Ride develops, owns and operates motion simulation theater attractions at tourist sites in the United States and Canada.