iPic Entertainment® Announces First Location to Open in Georgia

BOCA RATON, Fla., March 07, 2018 -- iPic^® Entertainment (“iPic” or the “Company”) (NASDAQ:IPIC), creators and founders of iPic^® Theaters and Tuck Hospitality Group Restaurants, announce the signing of their first Georgia lease in Midtown Atlanta.  A nine-screen, 426-seat luxury iPic^® theater, along with a 6,700-square-foot destination bar/restaurant is planned for a 2020 opening in North American Properties’ reimagined mixed-use destination, Colony Square.

“We have had our eye on the Atlanta market for five years now, and the Colony Square redevelopment project allowed us to launch the iPic brand experience into one of the top ten DMAs in the country. This market has consistently been heralded as one of the most walkable in the nation, making our ground-floor presence at Colony Square all the more impactful in delivering a quality entertainment, dining and experiential destination for arts and culture under one roof,” says Hamid Hashemi, President and CEO of iPic^® Entertainment.

iPic^® Theaters will bring its revolutionary new theatrical escape to Colony Square in 2020. Centrally located at the corner of Peachtree and 14^th Streets in the heart of Midtown Atlanta, Colony Square is undergoing a major redevelopment that transforms the mixed-use pioneer, originally built in 1968, into an icon of another kind: A foodie haven, shopping destination and sophisticated business, residential and cultural hotspot that, like all great city squares, is alive with street-level energy and vibrant, urban experiences. iPic^® will be the entertainment anchor of this unique project and deliver a superior affordable experience to the thriving Midtown community.

Upon completion, the reimagined Colony Square will comprise approximately 260,000 square feet of retail space, 262 luxury residences, 940,000 square feet of office space and a 466-room hotel. The iPic^® site will also feature a destination restaurant designed and operated by three-time James Beard Award-winning Chef Sherry Yard to be announced at a later date. A full-service bar will offer an exclusive menu of handcrafted cocktails, presented by award-winning mixologist and master sommelier Adam Seger.

“After five years of searching for its first Georgia location, we are thrilled iPic Theaters, along with its incredible restaurant concept, has chosen to call Colony Square home,” said David Weinert, partner and senior vice president of leasing at North American Properties. “Known for its luxury seating, farm-to-glass cocktails, chef-driven cuisine and ‘ninja-like’ servers, this is a movie going experience unlike anything in Georgia. iPic perfectly aligns with our vision of bringing best-in-class, first-to-market concepts to the reimagined Colony Square, and we look forward to delivering this and more ‘retailtainment’ offerings that resonate with our community and enhance Midtown’s Living Room.”

The new iPic^® at Colony Square will bring a luxurious theatrical escape with nine auditoriums and seating between 40 and 60 in an intimate setting. In addition to viewing the latest Hollywood blockbusters, members and guests will be able to enjoy alternative content such as live shows including magic, comedy, along with gaming competitions and other iPic experiential ticketed events. Guests will enjoy their experience in ultimate style in the comfort of iPic’s patent-pending Premium Plus fully reclining leather seating Pods that include courtesy personal pillows and blankets. At the touch of a button, guests can summon ninja-like servers to deliver a signature dine in the dark menu by acclaimed three-time James Beard award-winning Chef Sherry Yard in addition to a farm to glass beverage menu by iPic Master Bartender and Advanced Sommelier Adam Seger. iPic^®’s auditoriums will be equipped with 4K digital cinema technology and all seats may be reserved ahead of time on iPic’s proprietary reservation system by visiting iPic.com or downloading the iPic app.

Access iPic Membership Rewards^®, iPic’s exclusive membership program will further enhance the iPic^® guest experience by empowering iPic members to customize and build their brand experience via three levels of Access: -- Silver, Gold, Platinum—and a secret status level members can reach by invitation only. Members will receive special members-only ticket pricing along with enhanced perks such as the ability to earn and redeem points on qualifying purchases, exclusive access to iPic^® member events and the ability to purchase bulk iPic ticket packages. To become an iPic^® member, please visit www.ipic.com

For more information on iPic^® Theaters, please visit www.ipic.com.

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, Illinois, New Jersey, New York, Texas, Washington and Wisconsin and new locations planned for Florida, Texas, California and Connecticut. For more information, visit www.iPic.com.

About Colony Square
At the corner of Peachtree and 14^th Streets, Colony Square is not only the heart of Midtown, it’s the heart of Atlanta – an original icon at the very center of the ever-rising capital of the modern South. Today, Colony Square is becoming an icon of another kind, bringing the Art of Modern Life to Midtown. Featuring 940,000 square feet of office space, 260,000 square feet of retail space, a 466-room hotel and 262 luxury residences, the reimagined Colony Square will be known as a foodie haven; shopping destination; sophisticated business hub; events destination; and an amenity-rich, arts-infused place to gather with community and soak up Midtown’s vibe. Open, walkable and transit-friendly, the reimagined Colony Square, like all great city squares, will be seamlessly connected to the vibrant energy of the streets around it.

About North American Properties
Founded in 1954, North American Properties is a privately held, multi-regional real estate operating and development company that has acquired, developed and managed more than $5 billion of mixed-use, retail, multifamily and office properties across the United States. Rooted in its purpose-driven approach to development, North American Properties is creating great places that connect people to each other; cities to their souls; partners to opportunities; and individuals to experiences that move them. Headquartered in Cincinnati, with offices in Atlanta, Dallas and Fort Myers, Florida, the company has developed 22 million square feet of commercial space and 19,000 residential units in 15 states and 67 cities. In the past three years, North American Properties has launched 36 projects totaling $2.2 billion in total capitalization. In metro Atlanta, North American Properties led the turnaround of Atlantic Station and the ground up development of Avalon. Currently, the team’s $3 billion retail-driven mixed-use development pipeline includes: Colony Square in Midtown Atlanta, Revel in Gwinnett County, Georgia and Riverton in the New York metro area. For more information, visit naproperties.com.

PRESS/MEDIA CONTACT:

iPic Entertainment
Michelle Soudry, The Gab Group, 561.750.3500, [email protected]

Colony Square/North American Properties
Liana Moran, The Wilbert Group, 404-748-1367, [email protected]