Updated Company overview from ETPI:
ENTERTAINMENT TECHNOLOGIES & PROGRAMS
16055 SPACE CENTER BLVD., SUITE 230
HOUSTON, TX 77062
PHONE (281) 486-6115 * FAX (281) 486-6155
OTC: ETPI
Shares Outstanding, Common _24,942,321
Float _5,402,205
Long-Term Debt _$ 1,203,572
Total Assets _$5,386,087
Insider Ownership _68%
Shareholder Equity/Share _$.22
Market Capitalization _$18,706,657
52 week High-Low _$1.18/$.18
Shareholders of Record _782
1997 Revenues _$5,493,760
Full-Time Employees _80
Entertainment Technologies & Programs, Inc. (OTC:ETPI) is a fully
integrated entertainment and amusement company and a government approved supplier of entertainment services on US military bases worldwide. The Company has been awarded an Air Force Non-Appropriated Funds Contract, which allows the company to obtain contracts from the military without competitive bidding. It is now expanding into the civilian market place.
The original Company was founded in 1978 and was restructured in 1996. In 1997, ETPI became a PROFITABLE enterprise and is expected to maintain a solid rate of growth. For the first NINE MONTHS of FY 1997, the Company recorded a profit of $.01 per share, based on revenues of $4.4 million. As of March 31, 1998 there were 24.9 million shares outstanding with 5.2 million in the public float and the company's book value was up to $.22 cents per share.
The acquisition of Hero's Family Fun Center has projected yearly revenues of $.75 million and brings land, facilities and other assets of over $3 million, with but $575,000 in debt. When Hero's completes all 5 projected centers this division will generate approximately $5.5 million in annual revenues.
The acquisition of Chacho's Tex-Mex restaurants have projected revenues of about $1.2 million annually and increased the company's assets by more than $1 million dollars.
With the recent announcement of the contract with Bronco Bowl in Dallas, Texas and the center at "The Parks at Arlington" in Arlington Texas, which each of these center should produce revenues in excess of a million dollars a year. And with the center in Friendswood, Texas near one of the Chaco's locations, gives the company three new centers that will be open by the 1st of July. These openings gives ETP 4
of the projected 5 fully operational Hero's Family Entertainment Centers open so far this year. Opening 3 centers in 45 days should clearly demonstrate the explosive growth potential of the company.
ETPI's operating entities offer tremendous synergy and consist of the
following six divisions:
NiteLife Entertainment, which installs and operates entertainment systems in nightclub facilities on U.S. military bases worldwide.
Dynamic Image, which designs and constructs entertainment facilities and restaurants.
Vision Quest Production, which designs, plans, promotes and produces live performances and entertainment booking in both military and civilian markets.
Performance Sound & Light, which provides catalog sales of sound and light equipment to civilian and military markets;
StarGate Entertainment, which is an amusement equipment installation and operation entity, which includes Hero's Family Entertainment Centers.
Red Fish Management, which provide food service management for restaurant.
With these acquisitions and openings, ETP is boldly going into the civilian market, armed with an impressive track record of performance in the military arena. As always, everyone should make their own decisions after completion of their own Due Diligence.
Point of Contact: Dan Telles or Pete Cahill, Investor Relations
281-486-6061
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