Cinedigm Announces Closing of Over-Allotment Option in Underwritten Public Offering

July 10, 2013

Cinedigm Announces Closing of Over-Allotment Option in Underwritten Public Offering CENTURY CITY, Calif. & NEW YORK--(BUSINESS WIRE)-- Cinedigm Digital Cinema Corp. (NASDAQ: CIDM) announced today that the over-allotment option granted to the underwriters in connection with last weeks underwritten public offering of 3,780,718 shares of common stock, at a price to the public of $1.38 per share, has been exercised in full. Accordingly, today the underwriters purchased 567,108 additional shares of Class A common stock at the same price.

The Company expects to use the approximately $5.5 million in aggregate net proceeds of the base and over-allotment offering for the acquisitions of library and film content, marketing and distribution expenses related to their growing slate of films prior to home entertainment recoupment, creating over-the-top channels, and for general corporate purposes.

In connection with the offering, Merriman Capital, Inc. and National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (OTCBB: NHLD), acted as joint book runners. B. Riley & Co. acted as financial advisor to the Company on the offering.

A registration statement relating to the shares of common stocks to be issued in this offering has been filed with the Securities and Exchange Commission (SEC) and is effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

ABOUT CINEDIGM:

Over the past decade, Cinedigm has led the digital distribution revolution that continues to transform the media landscape. In addition to its pioneering role in transitioning movie theatres from traditional film prints to digital distribution, Cinedigm continues to advance worldwide cinema modernization with its suite of software products allowing exhibitors and distributors to manage their newly digital businesses with efficiency, insight and certainty. And, as the leading distributor of independent content in the world, Cinedigm collaborates with producers and the exhibition community with unequalled transparency to market, source, curate and distribute quality content across all digital platforms to targeted and profitable audiences. The companys library of over 5,000 titles includes award-winning documentaries from Docurama Films , next-gen indies from Flatiron Film Company and acclaimed independent films and festival picks through partnerships with the Sundance Institute and Tribeca Film. Cinedigm is proud to distribute many Oscar -nominated films including THE INVISIBLE WAR, HELL AND BACK AGAIN, GASLAND, WASTE LAND and PARADISE LOST 3: PURGATORY.

Current and upcoming CEG releases include Destin Daniel Crettons SHORT TERM 12, Penny Lanes OUR NIXON, Shaul Schwarzs NARCO CULTURA, Jared Moshes DEAD MANS BURDEN, Geoffrey Fletchers VIOLET & DAISY, Malika Zouhali-Worrall and Katherine Fairfax Wrights CALL ME KUCHU and Jimmy Lowerees ABSENCE.

Cinedigm and Cinedigm Digital Cinema Corp are trademarks of Cinedigm Digital Cinema Corp www.cinedigm.com. [CIDM-F]

Safe Harbor Statement

Investors and readers are cautioned that certain statements contained in this document, as well as some statements in periodic press releases and some oral statements of Cinedigm officials during presentations about Cinedigm, along with Cinedigms filings with the Securities and Exchange Commission, including Cinedigms registration statements, quarterly reports on Form 10-Q and annual report on Form 10-K, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the Act). Forward-looking statements include statements that are predictive in nature, which depend upon or refer to future events or conditions, which include words such as expects, anticipates, intends, plans, could, might, believes, seeks, estimates or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by Cinedigms management, are also forward-looking statements as defined by the Act. Forward-looking statements are based on current expectations and projections about future events and are subject to various risks, uncertainties and assumptions about Cinedigm, its technology, economic and market factors and the industries in which Cinedigm does business, among other things. These statements are not guarantees of future performance and Cinedigm undertakes no specific obligation or intention to update these statements after the date of this release.

Cinedigm Public Relations

MBC

Maggie Begley, 310-301-1785

Maggie@mbcprinc.com

Source: Cinedigm Digital Cinema Corp.

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LINK:	http://investor.cinedigm.com/releasedetail.cfm?ReleaseID=776216...
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