LOS ANGELES, April 13, 2006 (PRIMEZONE) -- Grand Havana Enterprises, Inc. (Pink Sheets:PUFF) today announced that it has filed with the Securities and Exchange Commission its first fiscal quarterly report for the period ending December 25, 2005. The company had revenues of $2,440,929 compared to $2,296,510 for the fiscal quarter ending December 26, 2004, an increase of $144,419 or approximately 6.3 percent. The company had a net income of $374,031 for the first fiscal quarter ended December 25, 2005 compared to net income of $317,643 for the fiscal quarter ending December 26, 2004, an increase in net income of $56,388 or approximately 17.8 percent.
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.
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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