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BOCA RATON, Fla., July 23, 2018 (GLOBE NEWSWIRE) -- iPic® Entertainment (“iPic” or the “Company”) (NASDAQ:IPIC), America’s premier luxury restaurant-and-theater brand, announced today that Ajay Bijli has resigned as a director of the Company’s board of directors, effectively July 20, 2018. Mr. Bijli is currently the Chairman and Managing Director for PVR Limited, the largest film exhibition company in India, and has resigned due to a recent increase in commitments to PVR Limited.
The Company thanks Mr. Bijli for his service as a director and wishes him all the best in his future endeavors. The Company has initiated a search for a new director to replace Mr. Bijli.
About iPic® Entertainment
Established in 2010 and headquartered in Boca Raton, FL, iPic® Entertainment is America’s premier luxury restaurant-and-theater brand with over 1.8 million brand-loyal moviegoing members. A pioneer of the dine-in theater concept, iPic® Entertainment’s mission is to provide visionary entertainment escapes, presenting high-quality, chef-driven culinary and mixology in architecturally unique destinations that include premium movie theaters and bar/restaurants. iPic® Theaters exclusively features Premium Plus patented viewing Pods and Chaise lounge reclining seating options. iPic® Theaters currently operates 15 locations with 115 screens in Arizona, California, Florida, New Jersey, New York, Texas, Washington and new locations planned for Florida, Texas, Georgia, California and Connecticut. For more information, visit www.iPic.com.
Melissa Calandruccio, CFA