Rascals International, Inc. is 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 its growing chain of venues, both in its stand-alone and hotel-based operations. Rascals recently said it will open a 7,000 square foot, 350 seat comedy club located in the Palisades Center in West Nyack, NY, the second largest retail mall in the U.S. Also, the company has announced a definitive purchase agreement to acquire 100% ownership of a nationally known chain of popular nightclubs that will add approximately $12.0 million of annual revenue, and a 20 percent pretax net to Rascals' existing comedy club operations during the 2004 fiscal year.
Ed Rodriguez, CEO Rascals International, Inc. 414 Eaglerock Ave. West Orange NJ 07050
Analyst: N/A Price Target: $2.00 Time Horizon: N/A Research Established: April 12, 2004 Rating: SPECULATIVE BUY ?
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