To all.....today's news release 11/24/97
Grand Havana House of Cigars Now Open in Bally's Las Vegas
PR Newswire, Monday, November 24, 1997 at 09:19
LOS ANGELES, Nov. 24 /PR Newswire/ -- Grand Havana Enterprises, Inc.
(NASDAQ:PUFF), today announced that it's Grand Havana House of Cigars, a
retail store featuring premium cigars, humidors and other high quality cigar
and smoking accessories, has opened in Bally's Las Vegas.
Harry Shuster, President and Chairman of Grand Havana Enterprises said,
"Las Vegas is a great city for entertainment and cigar smokers. This, our
first retail store, will provide the finest in cigars and smoking accessories.
With this grand opening, we are making available to the general public for the
first time, our Grand Havana Cigars in four sizes. Also available for the
first time is a line of clothing featuring our Grand Havana Room logo and, of
course, cigar accessories. Dupont has created a limited edition (100) lighter
and cutter sets specially for the Grand Havana Room. All these are available
at our Bally's store. We expect to open our second Grand Havana House of
Cigars retail store in Beverly Hills next week and our Grand Havana House of
Cigars at the Las Vegas Hilton in the next two or three weeks. By the end of
this calendar year we will have four retail stores fully operational.
Additional retail stores are planned in New York and in other cities in the
United States."
Grand Havana Enterprises, Inc. owns and operates Grand Havana Rooms,
private cigar clubs, in Beverly Hills, California, Washington, DC, and
Manhattan, New York, and the Grand Havana House of Cigars in Washington, DC.
The Company has signed a license agreement for nine Grand Havana Rooms in Asia
over a five-year period. The Company also owns and operates On Canon, an
Italian restaurant in Beverly Hills, California, located on the premises below
the Grand Havana Room in Beverly Hills, California.
Grand Havana Enterprises future results of operations and other forward-
looking statements contained in this document, in particular statements
concerning expansion plans and capital spending involve a number of risks and
uncertainties. Among the factors that could cause results to materially
differ from those currently anticipated by management are the following:
business conditions and the general economy, greater than anticipated costs of
expansion, competitive factors such as rival cigar clubs, private membership
clubs, cigar retailers and such competitors marketing efforts; availability of
third-party products at reasonable prices and consumer issues with respect to
tobacco and tobacco related products.
Grand Havana Enterprises, Inc.
11/24/97
CONTACT: Harry Shuster, Grand Havana Enterprises, Inc., 310-475-5600 |
