NEWS-GOOD NEWS
Business Wire - May 28, 1998 21:47
%NEWRIDERS NWRD %CALIFORNIA %SOUTH-CAROLINA
%RESTAURANTS %PUBLISHING V%BW P%BW
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--May 28,
1998--Newriders Inc. (Nasdaq: NWRD) Thursday announced a
record sales week for its Myrtle Beach Easyriders Cafe last
week.
The restaurant grossed $206,000 over the seven day period
from May 11 through May 17, including one day with sales
volume of $53,600. The seven day record is a 136% increase
over the one-year-old restaurant's previous weekly sales record
of $87,000.
"We're thrilled to have this strong sales momentum as we move
into the busy summer season," said Chris Polston, general
manager of the Easyriders Cafe in Myrtle Beach, S.C.
Easyriders Cafe's record-breaking week was fueled by the 58th
Annual Bike Week Rally, which brought thousands of motorcycle
aficionados to Myrtle Beach for activities that included the
Easyriders Motorcycle Demolition Derby.
Newriders is based in Newport Beach, and owns and operates
two Easyriders Cafes. The company is also in the process of
acquiring Paisano Publications Inc. and the El Paso Bar-B-Que
chain of restaurants.
Statements made in this news release that relate to future plans,
financial results or projections, events or performance are
forward-looking statements within the meaning of Section 27A
of the Securities Exchange Act of 1934, as amended, and
Section 21E of the Securities Exchange Act of 1934, as
amended, and fall under the safe harbor.
The company's actual results and financial position could differ
materially from those anticipated in the forward-looking
statements as a result of a number of factors, including but not
limited to, successful execution of the company's expansion
plans, impact of competition, the availability of additional
financing and other risks.
CONTACT: Newriders Inc., Newport Beach
Bill Nordstrom, 714/718-4630
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