MONTCLAIR, N.J., June 14, 2005 (PRIMEZONE) -- Headliners Entertainment Group, Inc. (OTCBB:HLEG) announced today that it has opened a 15,000 square feet complex in Hampton, Virginia featuring a country dance club called Saddle Ridge and a dance club called Parrot Beach. The grand opening was this past weekend, and generated approximately $75,000 with well over 3,000 people walking through its doors in just three days. Additionally, the Company's recent acquisition of six popular nightclubs, plus Virginia, generated over $250,000 for the week ending June 12th.
Ed Rodriguez, Headliners Chairman and CEO happily stated: "I know it's repetitive, but our concept for those entertainment complexes continues to prove itself valid. Customers are provided with entertainment options at a single location, while Headliners benefits by reduced operating expenses.
"With the addition of Hampton, Virginia, our tenth location, we will continue to identify other cities, and locales within them, where this concept will work. Our growth and viability enhances value for everyone, especially our shareholders."
About Headliners Entertainment Group Inc.
Headliners owns and operates Rascals Comedy Club, one of the premier comedy clubs in the United States, drawing upon its respected national recognition and rich history of providing the highest-quality comedic entertainment in the industry. Currently, the company prides itself on its ability to employ successful entertainers at its growing chain of venues, both in its stand-alone and hotel-based operations. The company also owns six dance clubs and has a deal with Microsoft's portable media center to add to its revenue.
The information in this Press Release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will provide to be correct. Factors that could cause results to differ include, but are not limited to successful performances of internal plans, the impact of competitors, and general economic risks and uncertainties.