Innovative Retailer to Open Another IMAX Theatre Based on Success of First

READING, MA, Oct 26, 2004 /PRNewswire-FirstCall via COMTEX/ -- IMAX Corporation (NASDAQ: IMAX; TSE: IMX) and Jordan's Furniture, a Berkshire Hathaway company, today announced that Jordan's will unveil its second IMAX(R) theatre as part of a new retail center opening in Reading, MA on October 29th. The decision to build The Comcast IMAX(R) 3D Theater at Jordan's Furniture in Reading was based on the success of the first Jordan's IMAX theatre, opened in August 2002 at its Natick, MA location, approximately 25 miles away. The IMAX Experience(R) has been well received by Jordan's customers and the Natick community, helping to drive traffic to the store and positively impact furniture sales.

"Jordan's Furniture is known for innovative marketing programs and they were a pioneer in showcasing The IMAX Experience in a retail environment," said IMAX co-CEOs and co-Chairmen Richard L. Gelfond and Bradley J. Wechsler. "We're extremely pleased that Jordan's has been able to increase sales at its Natick store by adding an IMAX theatre, and we couldn't be more thrilled to have them opening a second theatre at their brand new Reading location. We are optimistic that their success will drive additional retailers to embrace The IMAX Experience as a way to draw customers and tap into a supplemental source of revenue."

"We've been very impressed with how the IMAX theatre has increased store traffic and it also serves as a valuable educational resource for the Natick community. People really love the movies, whether it's an informative 3D documentary on life at the bottom of the ocean, or a blockbuster Hollywood release converted into IMAX's format," said Eliot Tatelman, president of Jordan's Furniture. Added brother Barry Tatelman, CEO of Jordan's: "Our theatre draws a large number of families that have a great time learning and being entertained together -- and you can't put a price tag on that. We're excited to expand our partnership with IMAX and introduce a new IMAX theatre to the Reading area."

The Comcast IMAX 3D Theater at Jordan's Furniture in Reading will be equipped to show both Hollywood event films digitally re-mastered into IMAX's 15/70 format using proprietary IMAX DMR(R) (Digital Re-mastering) technology, as well as original IMAX films in both 2D and IMAX 3D formats. The first film to show at the theatre will be NASCAR 3D: The IMAX Experience, which provides an insider's perspective of America's number one spectator sport. Through the magic of IMAX 3D technology, audiences are transported into the driver's seat as they experience the heart-pumping action on the track, in the pit and behind the scenes.

About IMAX Corporation

Founded in 1967, IMAX Corporation is one of the world's leading entertainment technology companies. IMAX's businesses include the creation and delivery of the world's best cinematic presentations using proprietary IMAX and IMAX 3D technology, and the development of the highest quality digital production and presentation. IMAX has developed revolutionary technology called IMAX DMR (Digital Re-mastering) that makes it possible for virtually any 35mm film to be transformed into the unparalleled image and sound quality of The IMAX Experience. The IMAX brand is recognized throughout the world for extraordinary and immersive family entertainment experiences. As of June 30, 2004, there were 240 IMAX theatres operating in 35 countries.

IMAX(R), IMAX(R) 3D, IMAX DMR(R) and The IMAX Experience(R) are trademarks of IMAX Corporation. More information on the Company can be found at www.imax.com.

SOURCE IMAX Corporation

Media: IMAX Corporation, New York, Romi Schutzer, (212) 821-0144, rschutzer@imax.com; Entertainment Media: Newman & Company, Los Angeles, Al Newman, (818) 784-2130, asn@newman-co.com; Business Media: Sloane & Company, New York, Whit Clay, (212) 446-1864, wclay@sloanepr.com; Media: Jordan's Furniture Inc., Heather Copelas, (508) 580-4600, ext. 1155, hcopelas@jordans.com; Analysts: IMAX Corporation, New York, Cheryl Cramer, (212) 821-0121, ccramer@imax.com
(IMX. IMAX)