ADCO NEWS: store opening in Japan plus
Wednesday June 3, 3:18 pm Eastern Time
Company Press Release
American Resources and Development Co. Announces
Opening of Three New Franchise Stores
SALT LAKE CITY--(BUSINESS WIRE)--June 3, 1998--American Resources and Development Co. (OTC BB:ADCO - news; ''the company'') Wednesday announced the opening of three new Fan-A-Mania stores by its Salt Lake City-based subsidiary, Fan-Tastic Inc.
The new Fan-A-Mania stores are located at Eastridge Mall in Casper, Wyo., at Fairground Square Mall in Reading, Pa., and in Gifu City, Japan.
The new store openings bring Fan-A-Mania to a total of 16 stores as of May 31, 1998. The stores
are located in Oregon, Pennsylvania, Texas, Utah and Wyoming, as well as international locations in
Barbados, Canada and Japan.
Fan-A-Mania stores feature a wide variety of products from the worlds of Warner Brothers, Disney,
Sesame Street, Marvel Comics, and all the major sports leagues such as the NBA, NFL, MLB and
NHL. Fan-Tastic expects to have over 30 stores open by the end of 1998.
Relative to the growth, Barry Papenfuss, president of Fan-Tastic stated, ''We've been very pleased
with the market's response to our new prototype Fan-A-Mania store at these latest openings and
look forward to additional store openings in the next two months in Arkansas, Texas, Pennsylvania,
New York, Montana, Virginia and Japan.
''Malls are very excited about the Fan-A-Mania concept and we currently have a number of major
mall developers on our store opening waiting list.''
American Resources and Development Co.'s common stock is traded on the over-the-counter
bulletin board market under the symbol ADCO. For additional information on American Resources
and Development Co. or any of their subsidiaries, contact Karl Badger at 801/363-8961.
Contact:
American Resources and Development Co., Salt Lake City
Karl Badger, 801/363-8961 |
