Hey PH,
To add to your last post I'm including this:
MYRTLE BEACH, S.C.--(BUSINESS WIRE)--June 4, 1997--Newriders
Inc. (OTC Bulletin Board: NWRD) has opened a 10,000 square-foot
Easyriders Cafe theme restaurant in this major tourist community.
The cafe is located at Celebrity Square at Broadway at the
Beach, adjacent to the landmark Hard Rock Cafe pyramid. Broadway at
the Beach, a $1 billion dining, entertainment and shopping complex,
is also home to Planet Hollywood, NASCAR Cafe, Landrey's Tony Roma's
Gilley's and others.
Newriders expects its new cafe to generate revenues of
$6 million to $8 million in its first year of operation. Michael
Purcell, president, said: "In our first four days of operation, we
exceeded our expectations by over 200 percent in apparel and
beverage sales. In addition, we took orders for 20 custom
motorcycles and our bike shop won't even be open until mid-June."
The Myrtle Beach unit is the second in what the company expects
to become an international chain of theme restaurants based on the
American Made motorcycle and the Easyriders lifestyle. Each
Easyriders Cafe unit contains a bar and restaurant, a retail
apparel store and a motorcycle and accessories shop.
Other Recent Developments
-- March 12, 1997, the appointment of John E. Martin to the
board of directors. Martin, as chairman and chief executive officer
of Taco Bell Worldwide from 1983 to 1996, grew that chain's revenues
from less than $600 million to more than $5 billion. Martin
commented, "I have the experience of scale. I ran a $5 billion
business at Taco Bell. Hopefully, I can bring vision, organization
and contacts in the industry."
-- March 11, Newriders received a strong buy recommendation on
its common stock from Investment Research International. For a copy
of the eight-page report, contact the company of Charles
Mugrdechian at 310/552-1512.
Newriders Inc. is the parent company of Newriders Ltd. Newriders
Ltd. owns and operates Easyriders Cafe Restaurants, Easy Riders
Roadware Apparel and Merchandise Stores, Easyriders Motorcycle Shops,
pursuant to franchising and licensing agreement with Easyriders
Franchising Inc. The company's theme restaurant provides a unique
dining and entertainment experience in a high-energy environment that
capitalizes on the universal appeal of Easyriders Magazine lifestyle.
Countryboy |
