Reading International, Inc. (NASDAQ: RDI) reported today that, as a result of recent earthquake activity in Wellington, New Zealand, the Company has closed its Tory Street parking garage, which is adjacent to its Courtenay Central entertainment themed centre, due to safety concerns. While safety inspections of the parking garage are still ongoing and the results are not yet final, the Company believes that demolition of the parking garage is likely. Due to its proximity to the parking garage, the Company has also temporarily closed Courtenay Central, including its Reading Cinema. While no assurances can be given at this early date, based solely on a preliminary review, it appears that the damage to the centre is not structural in nature and the Company anticipates that the centre should re-open in the very near future. Reading's top priority is ensuring the safety of all guests and tenants at our properties. Reading is fully cooperating with the City Council of Wellington and both parties' engineers will continue to evaluate the impacted structures to develop a plan that prioritizes the safety of our tenants, guests and employees. With respect to our plans to develop a Countdown Supermarket at Courtenay Central, we continue to work with Countdown to develop a premium state-of-the-art grocery store at Courtenay Central. An Agreement to Lease is in place, and we have no reason to believe that the current plan will not be brought to completion. However, the recent earthquake and its impact on the centre and the parking garage may further extend the timeline to complete the grocery store development. Except for the Reading Cinema at Courtenay Central, all other Reading Cinemas in New Zealand are open and trading and have sustained minimal or no damage. According to Wayne Smith, the Managing Director of Reading's operations in New Zealand, "We are cooperating with governmental authorities in assessing what needs to be done. As a part of our commitment to a vibrant downtown Wellington, we are working to get Courtenay Central open as quickly as possible, while prioritizing the health and safety of our customers."