...and here is the news:
Company Press Release
Havana Republic Revenues up 185% for Third
Quarter
Company to Sell Premium Cigars Via Internet
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.
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