HVAR NEWS OUT!!!!!
The Havana Republic Lands Prestigious Appointment to Sell Rare Davidoff Cigars; Company Developments to be Showcased on National Investment Programs
July 15, 1998 11:31 AM
FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--July 15, 1998--The Havana Republic, Inc. HVAR announced today they have been granted one of only 92 appointments in the United States for an authorized retail outlet for DAVIDOFF cigars and accessories.
The Havana Republic's first shipment of the rare DAVIDOFF cigars arrived on July 8th and cigar aficionados have been buying at a very brisk pace. The DAVIDOFF appointment further solidifies the image that The Havana Republic is "the place" to find the world's finest cigars.
DAVIDOFF cigars have long been considered the most difficult to find premium cigars in the industry. The Havana Republic's appointment, after lengthy and thorough consideration by DAVIDOFF, is a
significant sign that The Havana Republic is recognized as a premier tobacconist in the U.S.
PLANNED GROWTH
The Havana Republic's newest Las Olas Riverfront location opened on June 30th to large crowds and much higher than expected sales. Given the fact much of the mall is yet to be completed and that Havana Republic has yet to have its grand opening or advertise this new location, the first year projection of $2.5 Million for this location appears to be well within reach.
The Company's Shops at Sunset location is currently on target for construction to begin in early September, with a scheduled grand opening planned for Dec. 4th of this year. The finished project will be the Company's largest emporium to date and will feature a full bar.
Negotiations are also underway with three additional projects similar to those at the Las Olas and Shops at Sunset locations.
NATIONAL EXPOSURE
The Havana Republic also announced today the Company will be showcased on Ed Taxin's "Financial Hour" and Michael Jackson's "Investing in America" programs in the near future.
These nationally recognized investment forums are aired on both radio and television, and are available to over 100 millions viewers and listeners each week. Michael Jackson has had many prominent guests on
his show including Presidents Bill Clinton and Richard Nixon, entertainer Bob Hope and news legend Walter Cronkite. Ed Taxin is renowned for his unique ability to find the "undiscovered gems" in the stock market.
Stations, dates and airing times of The Havana Republic's appearances on these respected programs will be announced as soon as they are available.
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.
COMPANY INFORMATION
The Havana Republic, Inc. HVAR 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 rollout of its quality cigars to franchised stores and kiosks in upscale locations across the country.
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