Cinemark Usa 8-K Cinemark Usa, Inc. Reports Results for Third Quarter 2006

EXHIBIT 99.1

News
Release

Contact:	Robert Copple
	972-665-1000

>For Immediate Release...

CINEMARK USA, INC. REPORTS RESULTS FOR THIRD QUARTER 2006

     Plano, TX, November 14, 2006 – Cinemark USA, Inc., one of the leaders in the motion picture exhibition industry, today reported results for the three and nine months ended September 30, 2006.

     Cinemark USA, Inc.’s revenues for the three months ended September 30, 2006 increased 12.4% to $288.0 million from $256.3 million for the three months ended September 30, 2005. The increase was primarily related to a 4.5% increase in attendance, a 5.2% increase in average ticket prices, a 7.4% increase in concession revenues per patron and a 41.4% increase in other revenues. The increase in other revenues is primarily the result of incremental screen advertising due to the Company’s participation in National CineMedia. Operating income for the three months ended September 30, 2006 was $34.7 million compared with operating income of $27.8 million for the three months ended September 30, 2005. Earnings before interest, taxes, depreciation, amortization and other non-cash expenditures (“Adjusted EBITDA”) for the three months ended September 30, 2006 increased to $61.9 million from $51.0 million for the three months ended September 30, 2005. The Company’s Adjusted EBITDA margin was 21.5% for the three months ended September 30, 2006. Net income for the three months ended September 30, 2006 was $14.3 million compared to net income of $10.6 million for the three months ended September 30, 2005.

     For the nine months ended September 30, 2006, revenues increased 11.0% to $829.1 million from $747.0 million for the nine months ended September 30, 2005. The increase was primarily related to a 4.0% increase in attendance, a 5.1% increase in average ticket prices, a 6.7% increase in concession revenues per patron and a 30.5% increase in other revenue due to National CineMedia screen advertising. The Company’s operating income for the nine months ended September 30, 2006 was $108.2 million compared with operating income of $89.0 million for the nine months ended September 30, 2005. Adjusted EBITDA for the nine months ended September 30, 2006 increased to $180.6 million from $152.5 million for the nine months ended September 30, 2005. The Company’s Adjusted EBITDA margin was 21.8% for the nine months ended September 30, 2006. Net income for the nine months ended September 30, 2006 was $50.6 million compared to net income of $37.2 million for the nine months ended September 30, 2005.

     Cinemark USA, Inc. continues to be a leader in the development of stadium seating multiplex theatres. During the nine months ended September 30, 2006, the Company opened 15 new theatres with a total of 154 screens and acquired one theatre with 12 screens in an exchange for one of our existing theatres. On September 30, 2006, the Company’s aggregate screen count was 3,413, with screens in the United States, Canada, Mexico, Argentina, Brazil, Chile, Ecuador, Peru, Honduras, El Salvador, Nicaragua, Costa Rica, Panama and Colombia. As of September 30, 2006, the Company had signed commitments to open six new theatres with 78 screens by the end of 2006 and open 12 new theatres with 138 screens subsequent to 2006.

     On October 5, 2006, the Company completed its acquisition of Century Theatres, Inc. (“Century”), a national theatre chain headquartered in San Rafael, California with approximately 79 theatres in 12 states, for a purchase price of approximately $681 million and the assumption of approximately $360 million of debt of Century.

     For Century’s fiscal year ended September 28, 2006, unaudited revenues, theatre level cash flow (“TLCF”), Adjusted EBITDA and operating income was approximately $516.0 million, $143.3 million, $122.1 million and $59.3 million, respectively. Proforma revenues, TLCF and Adjusted EBITDA of the combined companies, adjusted for approximately $7.0 million in projected general and administrative cost synergies, $3.0 million in operating cost savings and $22.0 million in projected incremental advertising revenues, are approximately $1,640.2 million, $463.0 million and $392.3 million, respectively. Additionally, as a result of the acquisition, Cinemark’s percentage ownership in National CineMedia is estimated to increase to approximately 25%.

     On October 12, 2006, National CineMedia filed a registration statement for a proposed initial public offering with the Securities and Exchange Commission. National CineMedia intends to distribute the net proceeds from the proposed initial public offering to its current owners, Regal Entertainment Group, AMC Entertainment, Inc. and the Company. There can be no guarantee that National CineMedia will complete the proposed initial public offering or that the Company will receive any proceeds.

     The following appears in accordance with the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking statements about the Company. Do not unduly rely on forward-looking statements, as they give our expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update them to reflect changes that occur after that date.

     The Company, headquartered in Plano, TX, has a website atwww.cinemark.com where customers can view showtimes and purchase tickets.

Cinemark USA, Inc.
Financial and Operating Summary
(unaudited, in thousands)

	Three months ended						Nine months ended
	September 30,						September 30,
	2006			2005			2006			2005
Statement of Income data:
Theatre revenues	$	287,995		$	256,300		$	829,089		$	747,008
Film rentals and advertising		95,759			86,262			275,005			253,511
Concession supplies		15,016			13,756			41,863			38,151
Facility lease expense		37,063			35,190			109,513			101,026
Other theatre operating expenses		62,983			57,542			179,926			166,129
General and administrative expenses		16,421			13,367			45,865			37,872
Depreciation, amortization and impairment of long-lived assets		24,681			21,283			65,784			59,430
Loss on sale of assets and other		1,395			1,070			2,938			1,908
Total costs and expenses		253,318			228,470			720,894			658,027
Operating Income		34,677			27,830			108,195			88,981
Interest expense (1)		12,935			11,711			37,993			34,610
Other income		(364	)		(2,062	)		(1,227	)		(2,808	)
Income before income taxes		22,106			18,181			71,429			57,179
Income taxes		7,844			7,538			20,875			20,016
Net income	$	14,262		$	10,643		$	50,554		$	37,163
Other Financial Data :
Adjusted EBITDA (4)	$	61,863		$	50,973		$	180,606		$	152,490
Adjusted EBITDA margin		21.5	%		19.9	%		21.8	%		20.4	%
Other Operating Data:
Domestic Attendance (patrons)		28,617			26,862			81,558			78,257
International Attendance (patrons)		16,445			16,265			46,929			45,269
Worldwide Attendance (patrons)		45,062			43,127			128,487			123,526

	As of		As of
	September 30,		December 31,
	2006		2005
Balance Sheet Data:
Cash and cash equivalents	$	142,192	$	182,180
Theatre properties and equipment, net		791,380		790,566
Total assets		1,070,778		1,097,740
Long-term debt, including current portion		605,998		620,277
Shareholder’s equity		287,852		251,172

Cinemark USA, Inc.
Reconciliation of Adjusted EBITDA
(unaudited, in thousands)

	Three months ended						Nine months ended
	September 30,						September 30,
	2006			2005			2006			2005
Net income	$	14,262		$	10,643		$	50,554		$	37,163
Income taxes		7,844			7,538			20,875			20,016
Interest expense (1)		12,935			11,711			37,993			34,610
Other income		(364	)		(2,062	)		(1,227	)		(2,808	)
Operating income		34,677			27,830			108,195			88,981
Add: Depreciation, amortization and impairment of long-lived assets		24,681			21,283			65,784			59,430
Add: Loss on sale of assets and other		1,395			1,070			2,938			1,908
Add: Amortized compensation — stock options (2)		716			—			2,148			—
Add: Deferred lease expenses (3)		394			790			1,541			2,171
Adjusted EBITDA (4)	$	61,863		$	50,973		$	180,606		$	152,490

(1)	Includes amortization of debt issue costs and excludes capitalized interest.
(2)	Non-cash expense included in general and administrative expenses.
(3)	Non-cash expense included in facility lease expense.
(4)	Adjusted EBITDA as calculated in the chart above represents net income before income taxes, interest expense, other income, depreciation, amortization and impairment of long-lived assets, loss on sale of assets and other, stock option compensation expense and changes in deferred lease expense. Adjusted EBITDA is a non-GAAP financial measure commonly used in our industry and should not be construed as an alternative to net income or operating income as an indicator of operating performance or as an alternative to cash flow provided by operating activities as a measure of liquidity (as determined in accordance with GAAP). Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies. The calculation of Adjusted EBITDA is consistent with the definition of EBITDA in our senior subordinated notes indentures. We have included Adjusted EBITDA because we believe it provides management and investors with additional information to measure our performance and liquidity, estimate our value and evaluate our ability to service debt. In addition, we use Adjusted EBITDA for incentive compensation purposes.

Century Theatres, Inc.
Reconciliation of Adjusted EBITDA
Fiscal Year Ended September 28, 2006
(unaudited, in millions)

Operating income	$	59.3
Add: Depreciation and amortization		48.4
Add: Change of control compensation expenses(5)		15.7
Add: Non -recurring executive expenses(5)		0.8
Less: Non-cash facility lease expenses		(2.1	)
Adjusted EBITDA	$	122.1
Other general and administrative expenses (5)		21.2
Theatre Level Cash Flow(6)	$	143.3

(5)	Included in general and administrative expenses.
(6)	Theatre level cash flow in the chart above represents Adjusted EBITDA before general and administrative expenses.

For more information contact:

Robert Copple, Chief Financial Officer

(972) 665-1000