Rascals International Changes Name to Headliners Entertainment, Trades Up 33.33%
Jun 3, 2004 (financialwire.net via COMTEX) -- (FinancialWire) Rascals
International (OTCBB: RSCA) has definitively changed its name to Headliners
Entertainment (OTCBB: HLNR) and will trade under a new ticker symbol
In yesterday's FinancialWire dispatch, the new symbol was misidentified.
On the first day of trading under the new name and ticker symbol, Headliners
traded up 33.33% to close at $0.50, on volume of 1,258,761.
"With our pending merger, we feel this new name more accurately describes
what we're all about,'' said CEO Ed Rodriguez. ``We'll be operating multi-venue
entertainment complexes under such names as Banana Joe's, Margarita Mamas, Red
Cheetah, Funky Parrot, Cactus Cafe, as well as Rascals Comedy Club.''
Rodriguez said that before the year ends, "we'll have clubs in almost twenty
U.S. cities, and Headliners Entertainment Group is a banner under which we can
rally and move forward."
He said consolidated sales revenue for this year should exceed $20,000,000, and
"I see no reason why this growth rate cannot continue with a commensurate
rate per share profit increase. I could not be more satisfied with our
performance and that we are way ahead of our business plan benchmarks.''
Headliners Entertainment is enrolled in Investrend Research's unique and
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In an initiating institutional report April 12, 2004, Analyst Robert J. Vile,
CPA, assigned the company a "Speculative Buy/4" rating, with a target
valuation of $2.
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Und was soll da dran sein?? an dem Wert?
ist auch ein OTC Wert! Und entsprechend das Risiko!
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