NEW YORK, Jan. 22, 2004 (PRIMEZONE) -- The following is an investment opinion issued by Investrend Research Syndicate:
Rascals International, Inc. (OTCBB:RSCA), has enrolled in the unique shareholder empowerment platform administered by Investrend Communications, Inc., a provider of financial intelligence programs.
Institutional analyst coverage will be initiated by Investrend Research analyst Robert Vile, CFA, CPA. The company, along with the analyst, will also be participating in Investrend Broadcast's Company of the Week(tm) webcast in partnership with VCall. Investrend Research is located on the web at http://www.investrendresearch.com.
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.
For more information, visit http://www.rascals.net.
An InvestorPower(tm) page has been created regarding the company at http://www.investrend.com/company/list.asp?sPathParam=yes.
Robert J. Vile, CPA, CFA has performed equity investment research for over 20 years, for both sell-side and buy-side firms. He has extensive research experience in the healthcare, technology, retail, consumer and energy sectors. Mr. Vile is currently the Chief Investment Officer of PrimeSolutions Advisors in Horsham, PA. Previously, Mr. Vile was a Managing Director at Trainer Wortham in New York, where he was a senior member of the Investment Research & Stock Selection Committee and managed the Large Cap Growth Strategy. Mr. Vile received his BS in Accounting from Susquehanna University in 1980. He was awarded his professional designations, Certified Public Accountant in 1981 and Chartered Financial Analyst in 1992.
Investrend Research has been the leading independent equity research publishing and distribution program since 1996, with over 65 AIMR-qualified professional analysts posting more than 550 reports to date. Anyone may enroll a company in the Investrend platforms. Enrollment fees for the Institutional Research platform is $28,300 per annum. Enrollment fees for "Company of the Week" webcasts are $2,840.00. These enrollment fees are being paid by the company. Analysts are paid in advance for their initial reports by Investrend Research to limit or eliminate pecuniary interests, and no one associated with the program may own or trade in the equities of companies under coverage.
Anyone interested in receiving alerts regarding Rascals International research or webcasts should e-mail info@investrend.com with "RSCA" in the subject line, or click on http://www.investrend.com/contact.asp.