|Rascals International Inc. Signs Show #2 "Rascals Comedy Hour" on iN DEMAND|
WEST ORANGE, NJ--(BUSINESS WIRE)--December 5, 2001--Rascals
International, Inc. (OTC: RASC) announced today that the Rascals
Comedy Hour has been picked up for show #2 on iN DEMAND pay-per-view.
Ed Rodriquez, Chairman & CEO of Rascals International, Inc.
stated, "We are extremely pleased that we're going to continue to have
a large audience, approximately (35 million subscribers) for our
second pay-per-view show. We look forward to working with iN Demand
for future "Rascals Comedy Hour" shows from our star-studded library.
We anticipate delivering as many as 12 more archive shows for
pay-per-view. We are also in discussions to produce live shows from
our club, and are planning a 20th Anniversary event as well."
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, club in the Crowne Plaza Hotel Downtown
Phoenix, Arizona, and the Sheraton Springfield at Monarch Place,
Springfield, MA and is scheduled to open West Chester, PA in 2002. 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.
iN DEMAND L.L.C. is the nation's leading pay-per-view network,
offering titles from all of the major Hollywood and independent
studios, plus sports, subscription sports packages and entertainment
events through its 60-channel digital pay-per-view multiplex service.
iN DEMAND serves over 1,800 affiliated systems with approximately 28
million addressable households nationwide.
The company's shareholders are AT&T Broadband, L.L.C., Time Warner
Entertainment - Advance/Newhouse Partnership, Comcast Programming
Ventures, Inc. and Cox Communications, Inc. Further information about
the company can be found on the Internet at www.indemand.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.
CONTACT: Rascals International, Inc., West Orange
Ed Rodriguez, 973-243-8000
KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: ENTERTAINMENT MOTION PICTURES MUSIC
SOURCE: Rascals International, Inc.