Just thought I would dangle a little news your way Gary. HVAR has potential to run much higher than the current level. I have seen internet related stocks with half the potential run into some extradinary price levels and volumes. My best example is ININ who would have thought? HVAR is making money and they are going E-Commerce. If that wasn't enough they have more stores scheduled to open. Geeze can you say potential?
Nescom out-
Monday April 19, 2:38 pm Eastern Time
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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Contact:
Havana Republic, Weston
Stephen Schatzman, President
954/384-6333
or
The Pinnacle Group, Great Neck NY
Mark Cohen, 516/773-2477
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