LOS ANGELES, July 15, 2005 (PRIMEZONE) -- Grand Havana Enterprises, Inc. ("Company") (OTCBB:PUFF) today announced that the License Agreement entered into on March 27, 2005 has been terminated because the proposed licensee was unable to timely enter into a lease for a satisfactory location in Miami, Florida.
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, California and New York, New York, and one Grand Havana House of Cigars retail store located in Beverly Hills, California. Grand Havana's primary business is operating its existing cigar clubs and retail store.
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 our Securities and Exchange Commission filings. All forward-looking statements speak only as of the date made, and we undertake no obligation to update these forward-looking statements.
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