To: FILFOTO who wrote (101 ) 5/29/1998 8:56:00 AM From: P.Hronis Read Replies (2) | Respond to of 119
NEWS-GOOD NEWS Business Wire - May 28, 1998 21:47 %NEWRIDERS NWRD %CALIFORNIA %SOUTH-CAROLINA %RESTAURANTS %PUBLISHING V%BW P%BW NEWPORT BEACH, Calif.--(BUSINESS WIRE)--May 28, 1998--Newriders Inc. (Nasdaq: NWRD) Thursday announced a record sales week for its Myrtle Beach Easyriders Cafe last week. The restaurant grossed $206,000 over the seven day period from May 11 through May 17, including one day with sales volume of $53,600. The seven day record is a 136% increase over the one-year-old restaurant's previous weekly sales record of $87,000. "We're thrilled to have this strong sales momentum as we move into the busy summer season," said Chris Polston, general manager of the Easyriders Cafe in Myrtle Beach, S.C. Easyriders Cafe's record-breaking week was fueled by the 58th Annual Bike Week Rally, which brought thousands of motorcycle aficionados to Myrtle Beach for activities that included the Easyriders Motorcycle Demolition Derby. Newriders is based in Newport Beach, and owns and operates two Easyriders Cafes. The company is also in the process of acquiring Paisano Publications Inc. and the El Paso Bar-B-Que chain of restaurants. 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, 714/718-4630