NEW YORK, Sept. 23, 2010 (GLOBE NEWSWIRE) -- On the heels of last week's announcement in Kazakhstan and building on the momentum of the expanding IMAX(r) theatre network in Russia and The Commonwealth of Independent States (CIS), IMAX Corporation (Nasdaq:IMAX) (TSX:IMX) and Karo Film Management, the exhibitor that pioneered the multiplex concept in Russia, today announced an agreement to install up to three IMAX(r) theatre systems in Russia and St. Petersburg. The agreement follows a highly successful nine months for IMAX in the Russia and CIS region, where the seven existing IMAX theatres have generated a per screen average of more than $2.3 million year-to-date.

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