Here some more NEWS. Waiting for News on the NEXT FL location.
Newriders, Inc. Adds to Board
PR Newswire - July 22, 1997 13:33
NWRD ICII %REA %FOD %FIN %PER V%PRN P%PRN
NEWPORT BEACH, Calif., July 22 /PRNewswire/ -- John Martin, Chairman and
CEO of Newriders, Inc. (Nasdaq: NWRD) said today that he has added two
experienced, senior industry executives to the Newriders, Inc. Board of
Directors. Martin, former Chairman and CEO of Irvine, CA-based Taco Bell
Worldwide, said that Wayne L. Knyal and Daniel J. Gallery have agreed to join
the Board, bringing the total to seven. Knyal is the founder, President and
CEO of Franchise Mortgage Acceptance Co., LLC (FMAC), a subsidiary of Imperial
Credit Industries, Inc. (Nasdaq: ICII), the nation's leading provider of
restaurant franchise financing. FMAC has provided more than $1.4 billion in
financing to such well known concepts as Taco Bell, Wendy's, Burger King, KFC
and others. Gallery is a co-founder and Executive Vice President of Carts of
Colorado, known internationally for its expertise in mobile and modular
merchandising systems for non-traditional retailing locations. For the
PepsiCo family of restaurants, Gallery's company has added over 4,000 feeding
locations with over $1 billion in annual revenues over the last five years.
Martin stated, "If we expect to build a world-class company, we need a
world-class Board of Directors, and that's what we're doing. I hope to
complete the Board within the next month or two with at least one more
seasoned, talented and capable executive that has the knowledge, skills and
contacts to help us with the fast-track expansion of what I think is an
exceptional concept." Martin also said that William R. Nordstrom, founder,
President and CEO of National Investors Council, a Newport Beach, CA-based
financial publishing and communications firm, was elected to the Board on July
8, 1997, and will become Executive Vice President for Finance and
Administration, effective September 1, 1997.
Newriders, Inc. is the owner and operator of two "Easyriders Cafe"
restaurants, one in Fresno, California and the other in Celebrity Square at
Broadway at the Beach, Myrtle Beach, South Carolina. The Easyriders Cafe
concept includes a bar and restaurant with extensive motorcycle memorabilia
based on the Easy Rider movie and the motorcycle lifestyle promulgated by
Easyriders Magazine. Each cafe, which has bar stools fashioned out of
motorcycle seats, also incorporates a merchandise shop with motorcycle-themed
apparel and accessories, and, in some cases, a motorcycle sales, service and
accessories store. Newriders, Inc. is publicly traded on the Nasdaq
Electronic Bulletin Board under the symbol NWRD.
SOURCE Newriders, Inc.
CONTACT: William R. Nordstrom for Newriders, Inc., 714-645-2511 |
