1 Exhibit 99.4 NOTICE OF GUARANTEED DELIVERY for Tendered and Exercised Redeemable Warrants of CINEMASTAR LUXURY THEATERS, INC. As set forth in the Prospectus dated September 16, 1996 (the "Prospectus") under "The Offer--How to Tender and Exercise" this form or one substantially equivalent hereto must be used to tender and exercise Redeemable Warrants of CinemaStar Luxury Theaters, Inc., a California corporation, pursuant to the Offer (as defined in the Prospectus) if the certificate(s) for the Redeemable Warrants to be exercised are not immediately available, or the procedure for book-entry transfer cannot be completed on a timely basis or a Redeemable Warrantholder cannot deliver the certificate(s) and all other required documents to the Depository at the address listed below prior to the Expiration Date (as defined in the Prospectus). This form may be delivered by hand or sent by facsimile transmission or mail to the Depository and must be received by the Depository on or prior to the Expiration Date. CONTINENTAL STOCK TRANSFER & TRUST COMPANY (Depositary) By Mail: By Hand: Two Broadway Two Broadway New York, New York 10004 19th Floor Attn: Corporate Trust Department New York, New York 10004 Telephone: (212) 509-4000 ext. 253 Facsimile: (212) 509-5150 DELIVERY OF THIS INSTRUMENT TO AN ADDRESS OR TRANSMISSION OF INSTRUCTIONS VIA A FACSIMILE NUMBER OTHER THAN AS SET FORTH ABOVE WILL NOT CONSTITUTE A VALID DELIVERY. 1 2 Gentlemen: The undersigned hereby tenders and exercises the number of Redeemable Warrants of CinemaStar Luxury Theaters, Inc., a California corporation, set forth below upon the terms and subject to the conditions set forth in the Prospectus dated September 16, 1996, receipt of which is hereby acknowledged, together with cash or a certified or official bank check made payable to "Continental Stock Transfer & Trust Company, Agent for CinemaStar Luxury Theaters, Inc." or a wire transfer to the Depository for the benefit of CinemaStar Luxury Theaters, Inc. in the amount of the aggregate exercise price of the Redeemable Warrants tendered and exercised, pursuant to the guaranteed delivery procedures set forth in the Prospectus under the caption "The Offer--How to Tender and Exercise." Number of Redeemable Warrants Name(s) of Record Holder(s): to be Tendered and Exercised: - ----------------------------- ------------------------------ ------------------------------ Certificate Nos. (if available) Please Print Address(es) Here: - ----------------------------- ------------------------------ - ----------------------------- ------------------------------ ------------------------------ Check ONE box if Redeemable Warrants will be exercised by book-entry transfer: Area Code and Telephone Number: / / The Depository Trust Company ------------------------------ / / Midwest Securities Trust Company / / Philadelphia Depository Trust Company Signature(s) ------------------ Account Number Dated: , 1996 -------------- ------------------ GUARANTEE 2 3 The undersigned, a member firm of a registered national securities exchange or a member of the National Association of Securities Dealers, Inc. or a commercial bank or trust company having an office or correspondent in the United States, guarantees that (a) the above named person(s) owns the Redeemable Warrants exercised hereby and (b) the undersigned will deliver to the Depository the certificates representing the Redeemable Warrants exercised hereby in proper form for tender and exercise with required signature guarantees (or written confirmation of book-entry transfer of such Redeemable Warrants into the Depository's account at The Depository Trust Company, the Midwest Securities Trust Company or the Philadelphia Depository Trust Company), together, in each case, with cash or a certified or official bank check made payable to CinemaStar Luxury Theaters, Inc. or a wire transfer to the Depository for the benefit of CinemaStar Luxury Theaters, Inc. in the amount of the aggregate exercise price of the Redeemable Warrants exercised, and any other required documents, all within three New York Stock Exchange trading days after the Expiration Date. - -------------------------------- ------------------------------ (Address) (Name of Firm) - -------------------------------- ------------------------------ (Area Code and Telephone Number) (Authorized Signature) Dated: , 1996 --------------- 3