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Non-Tech : Havana Republic (HVAR) -- Ignore unavailable to you. Want to Upgrade?

To: Peder E. Angvall who wrote (571)	5/19/1999 9:26:00 AM
From: Gravitar	Respond to of 686

First Entertainment.Com Adds New E-Commerce Partners to its Go2Market Virtual Mall May 19, 1999 09:02 AM DENVER, MAY 19 /PRNewswire/ -- First Entertainment.Com FTET , a fully reporting company, is pleased to announce that it has signed agreements with three new commerce partners for its soon to open Go2Market virtual mall. These new stores join the previously announced Uproar Entertainment store to bring the consumer the best products of their particular niche. The new stores are: Havana Republic HVAR , a fully reporting company, is one of only a few publicly traded firms in the burgeoning cigar industry -- A vertically integrated company, combining tobacco growing prowess, cigar manufacturing know-how and savvy retail management skills in all areas of merchandising and entertainment. The store will offer the finest selection of Premier cigars, including Davidoff, Dunhill, Partagas, and Monte Cristo just to name a few. There is also an unparalleled collection of smoking accessories. Name brands like Elie Bleu, S.T. Dupont, Colibri, Prometheus, and many more. In addition to this fine collection of products, First Entertainment plans to host video broadcasts from the Havana Republic clubs, featuring celebrity fashion shows, Cognac tastings, and chat rooms, as new products are introduced throughout the year. The virtual mall becomes more than a place to buy the finest products at the best prices, it is a place to come to be entertained. Please visit its site at www.havanarepublic.com. F2 Entertainment, a leading independent record company, releasing product under its labels Fahrenheit Records and Finer Arts Records offers the finest in Jazz, Classical, R&B, Country and Alternative Music. The artists under contract are Tim Weisberg, Sister Sledge; Willie Nelson, Sam Harris, and Khani Cole, among others. The store will offer a large variety of CDs and tapes as well as special promotions and club memberships for drawings and prizes as well as concert ticket packages for its touring acts. Please visit its site at wwwfsquared.com. The third new e-commerce partner is Gem Time Jewelers, carrying the most exclusive lines of fine jewelry and watches, including Rolex, Cartier, and Patek Phillipe. Gem Time also offers custom jewelry, watch repair, and estate buying and selling. With First Entertainment as its partner, Gem Time will soon offer an auction site where customers can pick from a variety of estate merchandise that will be auctioned to the highest bidder. Please visit www.gemtime.com. First Entertainment in a previous joint venture announcement with Go2Market stated it planned to have 100 stores in its mall by year's end and plans to add new stores each week, in preparation for the impending opening of its virtual mall. First Entetainment.com is creating communities of network niche portals; each tailored to a particular niche group. The destination entertainment portal will host free e-mails, news, music, comedy and life style information surrounding a variety of activities from a specific host with hot links to related activities. An infrastructure of chat rooms as well as a virtual shopping mall will be included where a variety of merchandise related to each site will be featured ranging from comedy CDs to T-shirts, mugs, collectibles, as well as Broadway theater tickets and merchandise. First Entertainment is a multi-media Internet Entertainment Company and has divisions or subsidiaries in the areas of radio broadcasting, comedy clubs, and Internet gaming, as well as other Internet related activities. Note: Certain statements herein that are not historical are forward looking statements, which involve risk and uncertainties. Investors who seek more information about the company's business and relative risk factors may wish to review the company's periodic reports filed with the SEC including, but not limited to, its most recent Annual Report on Form 10-K/SB and Quarterly Report on Form 10-QSB.

To: Peder E. Angvall who wrote (571)	5/20/1999 2:13:00 AM
From: patwrk	Read Replies (1) \| Respond to of 686

Thanks guys--a little more info on float and comparison to inin as to potential value from the RB threaI havn't cross verified the numbers but even with a bit of dilution looks good at superficial glance.): <<< I just couldn't help myself but I got to thinking again. ININ's market cap right now is approximately $140 million (thats .195 cents multiplied by 700,000,000 shares outstanding - I rounded). HVAR's market cap is only about $8.7 million (thats .33 cents multiplied by 26,500,000 shares outstanding). The shares outstanding are higher - I talked to the transfer agent due to the Series A that was being converted, but appears to have stopped. It doesn't seem like the Series A will hurt us anymore. Others have stated that the Series A agreed not to convert anymore shares for 90 days. This would appear to be true given the stock price performance over the last 5 days. If the Series A had been diluting over the last 5 days the stock price wouldn't have been able to sustain itself. Steve Shatzman also stated to me that he has a very good relationship with the Series A and that if he requested they would cease to dilute... The higher the share price the more nominal the dilutive effect of the Series A per the conversion formula. At .35 cents a share the remaining Series A would only increase the share base by approximately 3.5 million shares. Shatzman obviously believes that the share price will go higher over the next 2 plus months (assuming the 90 day no dilution rule). As we go higher the Series A will become more meaningless meaningless. By the way, the only kind of Series A that agrees to be that friendly with convertable securities must already be a shareholder (IMO). When convertable securities convert convert they are automatically sold into the market. The Series A will get the same $ whether its converted at .10 cents, 50 cents or $5 based on the conversion formula. Based on the time value of money though 99.9% of convertable securities are converted as soon as they are eligible. Back to the comparison to ININ (stogies.com). ININ sells cheap stogies, is diluted to the hilt with over 700,000,000 shares outstanding and has an unbelievable market capitalization. HVAR is not badly diluted, will be profitable soon, has a solid operating model, has a proprietary product in their private label cigars, vertically integrated so margins will be strong (assuming their cigars gain market acceptance), have a web site coming on line, more stores in the offing, keep SG&A cost to a minimum, and ARE FULLY REPORTING! At the comparable market cap as ININ, HVAR would be trading at $5.28 a share (thats 140,000,000/26,500,000). The recent moves by General Cigar (ticker MPP) back HVAR's operating model of focusing only on highend cigars as the margins are better. General cigar sold its high volume low margin cheaper cigar lines to a Swiss company. I love the prospects for this company. People selling at these prices are nuts IMO! Look to the company's business model and how the company is run - that should give you confidence to stay in for the long haul. Who knows the "long haul" may not be that far off....>>> $5+...reasonable long term ? Any thoughts? Best wishes, patwrk