News out. SMOKIN!
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Havana Republic Revenues up 185% for Third Quarter; Company to Sell Premium Cigars Via Internet
Business Editors
WESTON, Fla.--(BUSINESS WIRE)--April 19, 1999--Havana Republic
(OTC BB:HVAR) announced today that revenues for the third quarter
ended March 31, 1999 were up 185% as compared to the same period last
year.
The company also announced that it is in the process of
completing a fully interactive e-commerce web site which will enable
customers to purchase the company's broad product line of premium
cigars via the Internet. This on-line site will be operational within
30 to 45 days.
Commenting on the announcement, Stephen Schatzman, President of
Havana Republic, said, "We continued to have strong sales growth for
the balance of our third quarter from our existing store locations and
are now in the process of implementing an aggressive on-line web
strategy to sell our products both domestically and internationally.
We are also excited about the opening of our third major cigar
emporium, our largest yet in Florida, which is on target for a
scheduled May 15 opening in the Shops at Sunset Place in downtown
South Miami. The Shops at Sunset Place, the hottest new development
in South Florida, will have 600,000 square feet of retail space and
will include such major anchor tenants as Niketown and Imax theatres."
Havana Republic is engaged in the business of owning and
operating upscale cigar emporiums devoted to the sale of premium
cigars and related merchandise.
Forward-looking statements in this release are made pursuant to the
"safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995. Forward-looking statements are based on current
management expectations that involve risks and uncertainties that may
result in such expectations not being realized. Potential risks and
uncertainties include, but are not limited to, the risks described in
filings with the Securities and Exchange Commission.
--30--sdg/ny*
CONTACT: Havana Republic, Weston
Stephen Schatzman, President
954/384-6333
or
The Pinnacle Group, Great Neck NY
Mark Cohen, 516/773-2477
KEYWORD: FLORIDA
INDUSTRY KEYWORD: RETAIL EARNING |
