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To: Bidder who wrote (43598)	4/17/2000 11:55:00 AM
From: SSP	Respond to of 150070

HVAR - Havana Republic Signs Letter of Intent for New Retail Emporium at City Place Development in West Palm Beach, Florida WESTON, Fla., April 17 /PRNewswire/ -- Havana Republic (OTC Bulletin Board: HVAR) announced today that it has signed a letter of intent with the Palladium Group, a New York-based real estate developer, to open a Havana Republic cigar emporium at City Place, the largest, most extravagant new retail and entertainment development in South Florida, located in the heart of downtown West Palm Beach. The City Place Havana Republic emporium will be Havana Republic's fourth cigar emporium in South Florida. The $500 million City Place development, which has been designed with an open-air Italian theme, is scheduled to open on October 27, 2000. It will be the largest and most extravagant multi-use entertainment and retail complex in South Florida, with approximately 600,000 square feet of retail space and restaurants, in addition to 650 residential apartments and three 26-story, 250,000 square foot office towers. Along with some of the world's most prestigious retailers and restaurants, City Place will also include a 20-screen Muvico theater, which has been designed in the ornate style of a Parisian opera house. Among the many prestigious retailers with locations at City Place will be Macy's, FAO Schwartz, Barnes & Noble, Bennetton, Armani, Polo, and Guess. Upscale restaurants include such well-known names as the Cheesecake Factory, Angelo and Maxies, China Grill, Maya, Legal Seafood and Mezzanote. Havana Republic will be the exclusive tobacco emporium in City Place. "We are very excited about opening a Havana Republic cigar emporium at City Place," commented Steven Schatzman, President of Havana Republic. "Because of the sheer size and scope of this very upscale, multi-use retail, entertainment, residential and office development, we expect to enjoy very strong customer traffic to our City Place emporium." Havana Republic owns and operates upscale cigar emporiums devoted to the sale of premium cigars and cigar-related merchandise. The Company also sells its cigars and accessories on the Internet through its fully interactive e-commerce site at havanarepublic.com. In addition, the Company operates cigar plantations and factories in Jalapa, Nicaragua. Havana Republic also has developed its own brand-name cigar for sale to the wholesale and retail markets. In addition, Havana Republic is a Davidoff White Label appointed merchant. 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. SOURCE Havana Republic -0- 04/17/2000 /CONTACT: Stephen Schatzman, President of Havana Republic, 954-384-6333; or Doug Dubrow of The Pinnacle Group, 516-773-2477, for Havana Republic/ /Web site: havanarepublic.com (HVAR)