LOS ANGELES, Feb. 9, 2005 (PRIMEZONE) -- Grand Havana Enterprises Inc. (Pink Sheets:PUFF) today announced that it has filed with the Securities and Exchange Commission its Annual Reports on Forms 10-KSB and Quarterly Reports on Forms 10-QSB for the fiscal years ended September 28, 2003 and September 26, 2004. The Quarterly Report on Form 10-QSB for the fiscal quarter ending December 26, 2004 (the company's first fiscal quarter of 2005) is expected to be filed with the SEC on or before February 14, 2005.
Stanley Shuster, the president and chief executive officer of the company, stated, "We are extremely pleased to announce that we are now current in our filings with the SEC for the last two fiscal years. It is our intention to continue to file our annual and quarterly reports with the SEC on a current basis." Shuster further stated, "I am also pleased to report that our results of operations have significantly improved during the last two years, and we expect the trend to continue in the foreseeable future."
About Grand Havana Enterprises Inc.
Grand Havana Enterprises Inc. owns and operates private membership cigar clubs under the name "Grand Havana Room" and one retail cigar store under the name "Grand Havana House of Cigars." Grand Havana currently owns and operates two Grand Havana Rooms which are located in Beverly Hills, Calif. and New York, N.Y., and one Grand Havana House of Cigars retail store located in Beverly Hills, Calif. Grand Havana's primary business is operating its existing cigar clubs and retail store.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding the company's expectations, goals or intentions about the future, including, but not limited to, statements regarding revenues and operating results. Actual results may differ materially from those described in or implied by any forward-looking statement. In particular, there can be no assurance that actual revenues and operating results shall continue to be in line with current expectations. Other important factors are set forth in the company's Securities and Exchange Commission filings. All forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.
HTML: http://newsroom.eworldwire.com/wr/020905/11380.htm PDF: http://newsroom.eworldwire.com/pdf/020905/11380.pdf ONLINE NEWSROOM: http://newsroom.eworldwire.com/305902.htm LOGO: http://newsroom.eworldwire.com/305902.htm Stanley Shuster Grand Havana Enterprises 1990 Westwood Blvd. Penthouse Los Angeles, CA 90025 PHONE. 310-475-5600 ext. 503 FAX. 310-474-7475 http://grandhavana.com