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

To: hdmaster who wrote (112)	7/27/1998 9:32:00 AM
From: P.Hronis	Respond to of 119

Newriders Completes Sale of Easyriders Cafe of Myrtle Beach to Former Chairman; First Restaurant Franchise for Newriders Inc. BusinessWire, Monday, July 27, 1998 at 09:22 NEWPORT BEACH, Calif,--(BUSINESS WIRE)--July 27, 1998--Newriders Inc. (NASDAQ:NWRD) said Monday that it had completed the sale of its Myrtle Beach, S.C., Easyriders Cafe to the former chairman of the company, Leon Hatcher, who also operates an Easyriders motorcycle sales and service store in Myrtle Beach. The cafe will also operate as a franchise, making this the first franchised Easyriders Cafe restaurant for Newriders. Bill Prather, chief executive officer of Newriders, said: "This is important to us for two reasons. First, it makes much more sense for a local operator to run that business. A local operator can respond more quickly to the seasonal economy there. Second, this is a great opportunity for us to test our cafe franchising program. Leon Hatcher is the perfect candidate for this. He knows the motorcycle culture, he already operates an Easyriders motorcycle shop in Myrtle Beach, so he understands the local economy, and our great relationship with him will facilitate the process of working out the important details of our franchising model. We have always viewed franchising as one of our critical strategic growth areas, and this transaction gives us a head start on that." The company also announced that Michael Purcell had resigned from the board of directors for personal reasons. Purcell was president and CEO of the company immediately prior to John Martin becoming chairman, and was involved in developing the initial Easyriders Cafe concept. 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 1933, 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 KEYWORD: CALIFORNIA INDUSTRY KEYWORD: FOODS/BEVERAGES RETAIL MANAGEMENT CHANGES Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1998, Business Wire

To: hdmaster who wrote (112)	7/31/1998 9:25:00 PM
From: P.Hronis	Read Replies (1) \| Respond to of 119

Newriders Comments On Stock Price Business Wire - July 31, 1998 20:41 Jump to first matched term NEWPORT BEACH, Calif.--(BUSINESS WIRE)--July 31, 1998--In response to inquiries from shareholders and other interested parties, officials at Newriders Inc. (OTC/BB:NWRD) say they know of no reason for the recent weakness in the company's stock price. The stock has dropped from $2.00 to just over $1.00 over the last several weeks. The company is proceeding toward the completion of its merger transactions with Paisano Publications Inc. and its affiliated companies, and the El Paso Bar-B-Que chain of restaurants. These transactions are subject to approval by the stockholders of Newriders. Bill Prather, chief executive officer of Newriders, said: "We met with our senior lender this week, and they gave us every indication that they wanted to proceed to closing as soon as possible. We fully expect to close the financing and merger transactions by the end of September or sooner." A Proxy/Registration Statement on Form S-4 (the "S-4") relating to the above-described transactions has been filed with the Securities and Exchange Commission, but has not yet become effective. Such transactions are described in detail in the S-4 and the statements made herein are qualified in their entirety by reference to the S-4. The S-4 will be forwarded to the stockholders of Newriders after the Securities and Exchange Commission has completed the review of the S-4. (This news release shall not constitute a solicitation with respect to the shares of Newriders nor shall it constitute an offer to sell or the solicitation of an offer to buy shares of Newriders or any of its affiliates.) This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein. CONTACT: Newriders Inc. Bill Nordstrom, Chief Financial Officer 714/718-4630