Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Newriders, Inc (NWRD) Easyriders Restaurant -- Ignore unavailable to you. Want to Upgrade?

To: FILFOTO who wrote (92)	4/30/1998 4:38:00 PM
From: P.Hronis	Read Replies (2) \| Respond to of 119

Newriders Inc. and Paisano Publications Inc. Announce Sale of 10 Easyriders Franchises; Two Senior Industry Veterans Join Management Team Business Wire - April 30, 1998 13:39 %NEWRIDERS %PAISANO NWRD %CALIFORNIA %RETAIL %MERGERS %ACQ V%BW P%BW Jump to first matched term NEWPORT BEACH, Calif.--(BUSINESS WIRE)--April 30, 1998--Newriders Inc. (NASDAQ:NWRD), operator of two Easyriders Cafes, and Paisano Publications Inc., which Newriders is in the process of acquiring, Thursday announced jointly that Paisano Publications has recruited two motorcycle-industry veterans to lead the expansion of its national franchising program. Bill Prather, chief operating officer of Newriders, and Joe Teresi, chairman of Paisano Publications, said that Nace Panzica, former chairman of Custom Chrome Inc. (NASDAQ:CSTM), the number-one seller of aftermarket motorcycle parts and accessories, and Dan Stern, former senior vice president of sales for Custom Chrome, have become chief executive officer and chief operating officer, respectively, of Easyriders Franchising Inc., a division of Paisano Publications. In addition, Panzica and Stern have agreed to purchase 10 Easyriders franchises, paying the full franchise fee of $25,000 for each franchise, plus on-going royalties. "We consider the addition of these two industry leaders as a giant leap forward for Paisano and Newriders in terms of our ability to grow our business," said Prather. Teresi added, "Nace and Dan's commitment to buy 10 franchises speaks volumes about their commitment to the future of our franchising operations, and expanding our franchising and retail operations is the number-one priority in our business plan moving forward." Newriders and Paisano also stated that the Newriders/Paisano transaction is proceeding normally, as is the Newriders/El Paso Barbecue Company transaction, and that all parties remain committed to completing these transactions. Statements made in this news release that relate to future plans, financial results or projections, events or performance are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and fall under the safe harbor. The company's actual results and financial position could differ materially from those anticipated in the forward-looking statements as a result of a number of factors, including but not limited to, successful execution of the company's expansion plans, impact of competition, the availability of additional financing and other risks. CONTACT: Newriders Inc., Newport Beach Bill Nordstrom, 714/718-4639 ===================================================================== Hang in there for 2 more weeks untill the MMs get theyr stock. After that is only one way-up. Pete Ps Any info from your fried?