Company Profile:
Havana Republic INC/FL (OTC BB: HVAR)
President: STEVEN SCHATZMAN
IR: IRA MONAS
Shares Authorized: 50MM
Shares Outstanding: 11MM
Float: 3MM
Current Price: $0.20
Year Range: $0.15-$2 3/4
16 Month Range: $0.15-$5 3/8
Book Value: $0.20
Average Volume: 150K
Chart: chart3.bigcharts.com
Estimated 1998 Revenues: $5MM
Estimated 1998 EPS: Profit
Estimated 1999 Revenues: $20MM
Stores Open:
Location/Yearly Revenue Estimates
Weston/$1MM
Las Olas/$2.5MM
Stores Opening Soon:
Location/Yearly Revenue Estimates/Opening Date
Aventura/$1MM/August
Sunset/$2.5MM/October
Havana Republic is a cigar manufacturer, which sells their cigars in cigar-shops, and through mail-order. Not only do they sell cigars in their shops, but they also sell everything from cigarettes to lighters, and other expensive/high quality gifts...etc. The current plan is to expand rapidly, by opening up a new store...every 2 months. The mail-order division is just starting, but may prove to be the most successful part of the company.
Since the company wishes to be, shareholder friendly...conference calls will begin in August. Also in August, there will be a shareholder smoke-out on Wallstreet.
To get the company attention, from potential investors...HVAR will be featured on 8 radio shows, and in 3 newspapers..starting next week. They also took steps, such as hiring Dan Marino to promote the company on road-shows, commercials, and such.
My View:
With the high book value, and expected profits in 1998...I consider HVAR to be a very undervalued company. And because of the good ideas on getting attention, more people will soon start following this company. The best part is the rapid expantion, which could make this company one of the leaders in the industry.
Recent PR:
Havana Republic Announces Grand Opening of Upscale Cigar Emporium in Ft. Lauderdale; Company Expansion Plans to Include Brand Name Franchises
FT. LAUDERDALE Fla.--(BUSINESS WIRE)--June 19, 1998--The Havana Republic, Inc. (OTC BB:HVAR) today announced the kickoff of its much anticipated expansion program. Havana Republic will launch its roll-out strategy with the Grand Opening today of its second location, The Havana Republic Cigar Shoppe & Club Lounge, in the new upscale Las Olas Mall in Ft. Lauderdale, Florida.
The Company plans to open a third Havana Republic location in October at the Shops at Sunset, a fashionable DeBartolo project which features Niketown, IMAX Theaters, Barnes & Noble and a Spielberg Interactive Game Center.
Havana Republic projects annual sales of their premium signature hand-rolled cigars and cigar accessories will surpass $2.5 Million at each of the two new locations.
Havana Republic plans to use the new locations to create a marketing template for franchising the "Havana Republic" brand name nationally. Havana Republic has the financial strength (see most recent 10Q filed with the SEC) to take advantage of acquisition and joint venture opportunities which have been presented to the Company for expansion in the U.S., South America, and Europe.
Beyond adding more full scale retail outlets, the Company is developing a high-profit "impulse-buy" kiosk which will make its debut in Florida at the trendy Aventura Mall in August. Each low-cost kiosk is expected to generate annual revenues of approximately $1 Million.
In other business, Havana Republic is pleased to announce it has successfully structured its product supply line and will now be able to meet all of the Company's expanded inventory needs.
Further, Havana Republic announced they have retained the services of The Milan Capital Group, a New York based consulting firm specializing in growth management, capitalization, acquisitions and investor relations.
The Havana Republic, Inc. is a fully reporting company with the SEC. As a purveyor of world-class cigars, The Havana Republic carefully selects the finest quality Cuban seed available, and transports it to Nicaragua where it is grown on the rich fertile hillsides. The Company's cigars are then hand-rolled and proudly branded with The Havana Republic Signature wrapper. The Havana Republic currently operates cigar emporiums in Florida, and is planning a roll-out of it's quality cigars to franchised stores and kiosks in upscale locations across the country.
This press release contains forward-looking statements which are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Expression of future goals and similar expressions reflecting something other than historical fact involve a number of risks and uncertainties, including timely development and market acceptance of certain products and services. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.
CONTACT:
The Havana Republic, Inc.
Stephen Schatzman, 954/384-6333 President
or
The Milan Capital Group
Ira Monas, 212/427-8979 or 212/876-9743
imonas@aol.com
Managing Director
Disclaimer:
The above information, is information I gathered as an individual investor. I am in no way payed to post this information. Some of the information can easily be incorrect....ie:miscalculations. |
