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Non-Tech : Havana Republic (HVAR)
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To: swifttrader who wrote (575)5/24/1999 12:40:00 PM
From: bob allison  Read Replies (2) of 686
 
To All:

I just spoke to HVAR Executive Management. Some Highlights:

1. Their dispute with GAP concerning their name has been resolved at a minor cost to the company - $5,000 to $10,000.

2. Their new store will be opened on Friday, May 28,1999.

3. Their new e-commerce site will be available starting next week, assuming that the CEO is satisfied with the look, content and feel.

4. The Series A convertibles have been issued, except for approximately 650,000 shares.

5. HVAR is very satisfied with their present IR and expects to continue this relationship.

6. HVAR will be sending out detailed press releases over the course of the next few weeks to provide the above details and some other very important announcements.

In my opinion, we will base in the $.30 to $.50 range this week and over the next few weeks continue to form a new higher level base. In the next few months, the news which will be presented to investors will provide a strong reason to continue to hold and add to our investment in HVAR.

Bob
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