----- Original Message -----
From: Bell2Bell.com <Bell2Bell-unsubscribe@listbot.com>
To: List Member <XXXXXX>
Sent: Tuesday, May 16, 2000 11:16 AM
Subject: **PR Alert for Creative Host (CHST)**
> - bell2bell.com
>
> May 16, 2000
> Market is up, our profiled stock is up, and they released this great news
> for shareholders.
>
>
>
> May 16, 2000 09:05
>
> Creative Host Services, Inc. Announces Warrant Dividend to Shareholders Of
> Record on the First Monday of the Next Two Quarters
> PR Newswire -
>
> SAN DIEGO, May 16 /PRNewswire/ -- Creative Host Services, Inc. (Nasdaq:
> CHST) today announced that it will pay its shareholders a 2 1/2% warrant
> dividend on the first Monday of its next two reporting periods. All
> shareholders of record on Monday, July 3, as well as on Monday, October 2,
> 2000, will receive one warrant for each 40 shares that they own on each
> date. The exercise price will equal 110% of the closing transaction price,
> or last trade, in the open Nasdaq market on those two days, and the
> exercise period will be three years from the date of issuance. Creative
> Host Services stock will go ex-dividend on Tuesday, June 27 for the July
> warrant and Tuesday, September 26 for the October dividend.
>
> Creative Host Services, Inc. has experienced dramatic appreciation in the
> value of its underlying share price since November of 1999. The Company is
> currently in significantly better financial position than at the time of
> the initial public offering on July 22, 1997. Since that time, Creative
> Host has grown from 16 airport concessions to approximately 70 separate
> operating locations overall (this includes the separation of individual
> concepts located within the Company's six food courts). The Company
> currently maintains a strong cash balance and is actively pursuing
> acquisitions in the "captive audience" food service and news and gift
> arena.
>
> Sayed Ali commented, "We wanted to find a method of rewarding our
> shareholders for their loyalty without effecting the Company's bottom
> line. We hope to continue our expansion and perform with our Company,
> thereby creating value for the warrant holders if our stock continues to
> perform."
>
> Creative Host Services, Inc. is engaged in the business of acquiring,
> managing and operating airport concessions such as food and beverage, news
> and gift, and other concessions throughout the United States. In addition,
> the Company also provides in-flight catering to certain national airlines
> at 9 of its airport locations. The Company currently has 43 operating
> facilities at 21 airports. Forty-two are company owned and one is
> franchised. Six of the Company's 42 operating concessions are food-courts,
> each consisting of several food and beverage restaurants that are located
> within each court. If the various food courts were separated and counted
> as individual concessions, Creative Host operates approximately 70
> concessions overall. To simplify accounting, the Company counts its
> various food-courts as only one concession. Creative Host Services, Inc.
> enjoys co-branding relationships with several national and regional
> companies such as Carl's Jr., Taco Bell, Little Caesars Pizza, TCBY
> Yogurt, Mrs. Field's Cookies, Nathan's Famous Hotdogs, and Pretzelmaker.
>
> Certain of the matters discussed herein contain forward-looking statements
> that are subject to certain risks and uncertainties that could cause
> actual results to differ materially from expectations. The exercise price
> of the aforementioned warrants will be issued at an exercise price that is
> above the closing price of the then current market price. There is no
> assurance that the shareholders will earn any profit from the ownership of
> the warrants. The warrants and the shares issuable upon the exercise of
> the warrants will not be freely tradable. These and other risks are set
> forth in the reports filed by the Company with the Securities and Exchange
> Commission, that are available to the public at the SEC site,
> www.freeedgar.com.
>
> SOURCE Creative Host Services, Inc.
>
> /CONTACT: Sayed Ali, President/Chairman of the Board of Creative Host
> Services, Inc., 858-587-7300; or David Olson, President of Summit
> Financial
> Relations, 720-489-8873, for Creative Host Services, Inc./
>
>
>
>
>
> Complete Profile Here-
> pennypicks.com
>
>
> Happy Investing
>
>
>
>
>
>
> Disclaimer and SEC Compliance - This material is being provided by Value
> Plus Marketing, an electronic broadcaster and publisher of the web site
> Pennypicks.com, here after referred to as "the company". The company
> recieved a compensation fee of two thousand one hundred and forty two
> shares of CHST from a third party. Because the company is receiving
> compensation for its services, there is an inherent conflict of interest
> in the company statements and opinions and such statements and opinions
> cannot be considered independent. The information contained in this
> publication is for informational purposes only, and not to be construed as
> an offer to sell or solicitation of an offer to buy any security. The
> company makes no representation or warranty relating to the validity of
> the facts presented nor does the company represent or warrant that all
> material facts necessary to make an investment decision are presented
> above. All statements of opinions are those of the company. The company
> relies exclusively on information gathered from the client, or public
> filings on featured client. Rather, investors should use the information
> contained in this publication as a starting point for conducting
> additional research on the featured companies in order to allow the
> investor to form his or her own opinion regarding the featured companies.
> Factual statements contained in this publication are made as of the date
> stated and they are subject to change without notice. The company is not a
> registered investment adviser, broker or a dealer. Investment in the
> clients reviewed is speculative and a high-risk and may result in the loss
> of some or all of any investment made in the client. Actual projections in
> future financial results have been provided solely by the client. No
> assurances are given that the client will achieve said projections. This
> publication contains forward-looking statements that are subject to risk
> and uncertainties that could cause results to differ materially fro m
> those set forth in the forward-looking statements. These forward-looking
> statements represent the judgment of either the company and/or the client
> as of the date of this publication. The Company disclaims any intent or
> obligation to update these forward-looking statements. Any statements that
> express or involve discussions with respect to predictions, expectations,
> beliefs, plans, projections, objectives, goals, assumptions or future
> events or performance are not statements of historical fact and may be
> "forward looking statements."
>
>
> ______________________________________________________________________
> To unsubscribe, write to Bell2Bell-unsubscribe@listbot.com |
