Regal recognized for financial and managerial integrity
KNOXVILLE, Tenn.--(BUSINESS WIRE)--Mar. 26, 2014-- Regal Entertainment Group (NYSE: RGC), a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, today announces placement on Forbes' List of 100 Most Trustworthy Companies in America. Regal is the only movie theatre exhibitor to earn the honor. This achievement was attained through Regal's exceptional accounting and corporate governance behaviors.
"This honor puts the spotlight on our commitment to provide reliable information to investors and to responsibly manage our business. It truly is a vote of confidence regarding Regal's integrity," said Amy Miles, chief executive officer of Regal Entertainment Group. "Making it onto the list is recognition of how the Regal team is dependable, consistent and highly reliable."
For the Trustworthy Companies list, investment advisor GMI Ratings reviewed the accounting and governance characteristics of more than 8,000 public companies in North America from fourth quarter of 2012 through third quarter of 2013. Key factors such as high risk events, revenue and expense recognition methods, SEC actions and bankruptcy risk were considered as indicators of a company's credibility. The companies that generated the 100 highest scores for trustworthy behavior made the list.
"We value our relationships with our business partners, our employees and our patrons and believe that clear, credible and consistent communication with each of them is a key driver of Regal's success," stated David Ownby, chief financial officer of Regal Entertainment Group. "We're honored to be on this list of the most trusted companies."
Forbes List of America's 100 Most Trustworthy Companies is available online: www.forbes.com/sites/kathryndill/2014/03/18/americas-100-most-trustworthy-companies
About Regal Entertainment Group:
Regal Entertainment Group (NYSE: RGC) operates the largest and most geographically diverse theatre circuit in the United States, consisting of 7,381 screens in 578 theatres in 42 states along with Guam, Saipan, American Samoa and the District of Columbia as of February 20, 2014. The Company operates theatres in 46 of the top 50 U.S. designated market areas. We believe that the size, reach and quality of the Company's theatre circuit not only provide its patrons with a convenient and enjoyable movie-going experience, but is also an exceptional platform to realize economies of scale in theatre operations.