NEWS
Newriders Inc. Files Registration Statement for
Acquisitions; Covers Paisano Publications and
El-Paso Bar-B-Que Transactions
Business Wire - July 07, 1998 16:14
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NEWPORT BEACH, Calif.--(BUSINESS WIRE)--July 7, 1998--Newriders Inc.
Tuesday said that its newly formed wholly owned subsidiary, Easyriders Inc., has
filed an S-4 Registration Statement with the U.S. Securities and Exchange
Commission regarding its planned acquisitions of Paisano Publications Inc. and
its affiliates and the four-unit chain of El Paso Bar-B-Que restaurants.
Upon the closing of the acquisitions, expected next month, the shareholders of
Newriders Inc. will exchange those shares for shares of Easyriders Inc.
Newriders Inc. will become a wholly owned subsidiary of Easyriders Inc., which,
when the S-4 Registration Statement becomes effective, will be publicly traded.
Paisano Publications will be a wholly owned subsidiary of Easyriders Inc., and the
El Paso Bar-B-Que restaurants will be operated under the Newriders Inc.
subsidiary.
This announcement follows the June 18, 1998 announcement that Newriders Inc.
had received a $22 million loan commitment from a major institutional lender to
finance the transactions.
Bill Prather, chief executive officer of Newriders Inc., said, "This is another very
important milestone for us as we move forward to combine Newriders with
Paisano Publications Inc. and its related entities, along with the El Paso
Bar-B-Que restaurant chain. We are now nearing the completion of these
transactions, and look forward to the many opportunities we see for growing these
businesses."
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 1933, 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.
Bill Nordstrom, CFO
714/718-4630
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Can't wait to see the S-4
Pete
PS:http://www.freeedgar.com/companies/index.htm
S-4 out |
