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Non-Tech : Rascals Comedy Club Restaurants(RASC)

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To: pennyangel who started this subject11/8/2001 11:43:35 AM
From: pennyangel   of 44
 
Rascals International Inc. Opens 2 Hotel Comedy Clubs


Business Editors

WEST ORANGE, N.J.--(BUSINESS WIRE)--Nov. 8, 2001--Rascals
International, Inc. (OTC: RASC) announced today that Rascals Comedy
clubs have opened 2 locations, one in Phoenix and the other in
Springfield Mass.
Ed Rodriquez, Chairman & CEO of Rascals International, Inc.
stated: "We are extremely pleased with the grand opening of both
locations. We have had a great response from the hotel industry and
are in talks with numerous hotel franchises to build a Rascals comedy
club. We anticipate 12 openings in the next 12 months from existing
agreements and sites in development."
"We are also extremely pleased that we are going to have such a
large audience this weekend, November 10, with approximately (35
million homes) for our first pay-per-view. Joining with such a great
name like iN Demand for our first pay-per-view is very exciting. We
look forward to working with iN Demand for future shows from our
library."
Rascals Comedy Clubs originated in October of 1983 when it opened
its first Comedy Club Restaurant in West Orange, New Jersey. Rascals
has earned a reputation and industry recognition as a one of America's
premier comedy club chains.
Rascals International operates comedy clubs in Ocean Township and,
West Orange, New Jersey, Crowne Plaza Hotel Downtown Phoenix,
Arizona, and the Sheraton Springfield at Monarch Place, Springfield,
MA. The Company also owns a video library of nearly 400 hours of top
name comedians. The Company is headquartered in West Orange, New
Jersey and located on the Web at www.Rascalscomedyclub.com.
Certain statements in this press release, other than historical
information, may be considered forward looking statements, within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995, and is subject to various risks,
uncertainties and assumptions. Should one or more of these risks or
uncertainties materialize, or should underling assumptions prove
incorrect, actual results may differ from those anticipated, estimated
or expected. Among the key factors that may have a direct bearing on
Rascals International Inc.'s operating results, performance or
financial conditions are its ability to implement its growth
strategies, national, regional and local economic conditions affecting
the comedy club restaurant industry, negative publicity, fluctuations
in quarterly results of operations, including seasonality, government
regulations, weather, commodity and labor costs.

--30--ad/ny*

CONTACT: Rascals International, Inc., West Orange
Ed Rodriguez, 973/243-8000
Fax: 973/243-8088
ed@Rascalscomedyclub.com

KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: BANKING INSURANCE SOFTWARE
SOURCE: Rascals International, Inc.

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