HOUSTON, Sept. 23, 2004 (PRIMEZONE) -- Headliners Entertainment Group, Inc. (OTCBB:HLNR) (www.rascalscomedyclub.com) Chairman and CEO Ed Rodriguez will appear on Corporate Strategies with Tim Connolly this Sunday night September 26th at 9:30 pm EDT. Listeners may call in questions live and toll free to Ed and Tim Connolly at 1-866-606-TALK (8255). The Business TalkRadio Network Show may be heard on KSEV AM 700 in Houston, on over 375 affiliate stations nationwide listed at CRN1 www.cableradionetwork.com, or on the Internet at www.businesstalkradio.net. This hour of "Corporate Strategies with Tim Connolly" is hosted by Tim Connolly of Corporate Strategies Merchant Bankers (www.corporate-strategies.net). Noted Economist Mike King of Princeton Research provides live technical analysis for the show.
About Headliners Entertainment Group, Inc: Headliners Entertainment Group, formerly Rascals International became effective June 1, 2004. Headliners' growth strategy involves a mixture of organic growth in diversified venues, such as stand-alone restaurant/clubs, joint hotel ventures/co-locations, and high traffic, entertainment destination venues, with acquisitions. Currently, the Company plans to build-out three new clubs during 2004 (Palisades, Montclair, and Shreveport) in addition to funding the acquisition of nine night clubs. Management's plan is to use the proceeds from its equity line of credit to reduce accounts payables and to fund its building plans.
Mr. Rodriguez had this to say about the change: "The process was slow, and the doubters were loud, but the result is excellent. We knew from the outset of our negotiations that our two organizations belonged together, and the time was well spent finding just the right formula to maximize profit and potential while minimizing problems and expenses. I believe that our combined revenue for 2005 will easily reach or exceed 30 million dollars, with no reduction in the existing profitability of the clubs we are acquiring. With the addition of club complexes already in construction and with those to be added in the next year, Headliners is heading towards becoming the leader in its field."
"Corporate Strategies with Tim Connolly" is live talk radio.with the Titans of Business who move financial markets! The show is hosted by Tim Connolly, CEO of Merchant Banker Corporate Strategies, Inc. The Executive Producer of the show is broadcast news veteran Jan Carson, an award winning journalist with more than 20 years experience as a top rated television news anchor and reporter for NBC, ABC and CBS network affiliates. "Corporate Strategies with Tim Connolly" features financial experts from across the nation providing the latest intelligence on equities, income investments, and a variety of risk, equity and option strategies. Recent guests have included Landry's CEO Tilman Fertitta, Tobin Smith, John Murphy, Mario Gabelli, former SEC Chairman Arthur Levitt, former Compaq CEO Eckard Pfeiffer, Money Manager Louis Navellier, and many others.
The information in this Press Release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will provide to be correct. Factors that could cause results to differ include, but are not limited to successful performances of internal plans, the impact of competitors, and general economic risks and uncertainties.