The Havana Republic to Offer Full Line of Premium Cigars on Company Website; Company's New Las Olas Riverfront Store Generates First Month Revenues in Excess of $70,000
FT LAUDERDALE, Fla.--(BUSINESS WIRE)--Aug. 5, 1998--The Havana
Republic, Inc. (OTC BB:HVAR) announced today the Company's Internet
web site is expected to be operational by August 26th and complete by
September 15th.
The professionally designed Internet site will be located at
www.havanarepublic.com and will include the following:
-- The Havana Republic's own CyberSmoke Order Hotline. This internet
link will allow HVAR shareholders and other cigar aficionados to
order Havana Republic's full line of premium cigars directly from
the Company by calling Havana Republic's toll free number 1-888-CIGAR-07.
-- An investor relations packet for shareholders and prospective
shareholders. This downloadable investor kit will include
pertinent up-to-date Company information as well as marketing and
expansion plans.
-- A calendar of upcoming Havana Republic events and other dates
including future filing information, etc.
-- Color pictures and layouts of all Havana Republic stores.
The Havana Republic is also pleased to report that the Company's
new Las Olas Riverfront location generated revenues in excess of
$70,000 in just its first month of operation.
Contrary to the soft expectations generally associated with a
mid-summer opening, the Las Olas store posted strong opening revenues.
A further indication of this store's potential is that only six of the
project's twelve Riverfront restaurants are currently operational. The
remaining six restaurants are scheduled to open August 16th through
the end of October.
Additionally, The Havana Republic is yet to launch its planned
full-scale advertising campaign featuring the Las Olas location.
UPCOMING EVENT
The Havana Republic will be sponsoring the first annual "Wall
Street Smoke Out" on August 26th. Investors and brokers are encouraged
to join Company management and over 100 brokers at the cigar smoking
extravaganza to be held at The Millennium located at 1 Wall Street
Court in New York City. No reservations are necessary and everyone is
welcome to attend.
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. (OTC Bulletin Board: 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.
CONTACT:
The Havana Republic, Inc.
Stephen Schatzman (President), 954/384-6333
or
The Milan Capital Group
Ira Monas (Managing Director), 212/427-8979
or 212/876-9743
imonas@aol.com |
