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CINEPLEX ODEON'S CHAIRMAN AND CEO EXTENDS CONTRACT

Cineplex Odeon Corporations has announced that Allen Karp's contract as chairman and CEO has been extended for the next three years. An option to further extend the contract for two years thereafter has also been announced. Cineplex, a Loews Cineplex Entertainment Company, operates motion picture cinemas and food concessions in six Canadian provinces. Cineplex Odeon Canada is based in Toronto. PR for Cineplex is handled by Environics Communications of Toronto.

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