To: Daniel Miller who wrote (10421 ) 5/12/1999 12:11:00 PM From: jccodez Respond to of 13776
HVAR News: WESTON, Fla.--(BUSINESS WIRE)--May 12, 1999--Havana Republic (OTC BB: HVAR) announced today that it has targeted June 1, 1999 for the opening of it's third and largest Cigar Emporium/Club in the new Simon project, "The shops At Sunset Place", the hottest new development in South Florida. In addition to the June opening of it's newest Emporium/Club, Havana Republic is poised to commence operation of it's fully interactive E-Commerce site in June as well, and will be marketing every important brand. Commenting on the announcement, Stephen Schatzman, President of Havana Republic said, "We look forward with healthy optimism to our 4th quarter and beyond. With the addition of our third largest Emporium/Club scheduled to open June 1, 1999, we believe we have positioned ourselves as a force in the South Florida Market. In addition, our E-Commerce site is also scheduled to become fully operational in June. With the vertical integration of manufacturing, wholesale, retail, and e-commerce we believe we are poised to significantly grow our market share." Havana Republic is a vertically integrated company which operates cigar plantations and factories in Jalapa, Nicaragua as well as upscale cigar emporiums and clubs. -0- 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.