Hi Jerry!
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Anyone still following NWCI?
(PR NEWSWIRE) DJ: New World Reports Insider Purchases
DJ: New World Reports Insider Purchases
NEW YORK, July 8 /PRNewswire/ -- New World Coffee & Bagels, Inc. (Nasdaq:
NWCI) reported today that CEO and President Ramin Kamfar and CFO Jerry
Novack have acquired 27,500 and 38,333 additional shares of common stock
from the Company, respectively.
"The acquisition of these shares is a sign of our confidence in the
Company's short- and long-term prospects," Mr. Kamfar said. "With the
continued progress of our franchise program and the ongoing conversion of
our stores to the combined coffee and bagel format, we believe the Company
will continue on a growth path that will increase revenues and
profitability."
Founded in 1993, New World Coffee & Bagels currently owns, operates and
franchises stores in New York, New Jersey, Pennsylvania, Connecticut,
Maryland, Florida and Germany. The Company's stores are the first in the
industry to combine fresh-brewed coffee and fresh-baked bagels under one
roof. This two-in-one concept allows New World Coffee & Bagel stores to
generate continuous traffic for breakfast, lunch and between meals,
maximizing store sales.
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