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Premier's Players Grille Reports March Restaurant Sales Comps up over 18% and Increased Same Store First Quarter Sales and Customer Counts Thursday April 28, 8:01 am ET
DALLAS--(BUSINESS WIRE)--April 28, 2005--Premier Development & Investment, Inc.'s (OTC Bulletin Board: PDVN - News) Players Grille operating division announced that comparable same store restaurant sales for the monthly period ended March 2005 increased 18.3% from those in March 2004. Sales for the three months ended March 31, 2005 show a 14.7% increase in total consolidated comparable sales, when compared to the same quarterly period in 2004.
Customer counts in March, as represented by check count, saw more than a 24 % increase from the March 2004 period and for the three month period ended March 31, 2005 customer counts were up 20% from those of the comparable period a year ago.
Michael Hume, General Manager of Players Grille, stated, "I am very pleased with the results we achieved in March and for the first quarter of 2005. We continued to see increased customer counts and gross sales in 2005 due to our focus on customer satisfaction, improved food quality, and the roll out of new menu items. We achieved a substantial increase in beer, wine and liquor consumption comps for the three month period, which were up 57% collectively as a group compared to last years first quarter. Sales in these categories were especially strong this first quarter due to major events such as the Super Bowl (TM) and March Madness."
About Premier
Premier Development & Investment, Inc. is a publicly held developer and operator of theme-based restaurant and bar concepts. These concepts are developed internally and through partnerships with other restaurant developers with the intent of building them into full-fledged chains and franchise opportunities. Premier owns and operates the Player's Grille Restaurant and Bar(TM), a casual dining sports themed concept based in Florida. Premier Realty Holdings, Inc., a wholly owned subsidiary, operates Countrywide Realty Services, http://www.cw-realty.com , a full service commercial and residential listing brokerage firm specializing in selling, buying, or leasing properties and providing a full range of real estate services to the greater Miami and Southeastern Florida marketplace.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Premier Development & Investment, Inc.) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the restaurant industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and prospective dealings and joint venture projects. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Premier. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, and changes in federal or state tax laws. For a description of additional risks and uncertainties, please refer to Premier's filings with the Securities and Exchange Commission. Contact:
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posted
I have been holding this off the boards for sometime.. I think this is gonna be the breakout week for PDVN.. I have a friend that was there this weekend and talked to the GM.. He said on the year sales are up 33% and they are looking better everyday.. They are looking to buy another location this year and maybe start a franchise.. Lots of action the past week and this looks to be primmed to make you some bank..
put this on your watch list for sure.. get in under .15 and hold for a double...
Do your DD first!
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posted
american bull has a buy-if.. Check it out.. I think it will gap in the am and run..
GLTA
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posted
lol thats the crazy thing.... no reason.. they are stronger then ever and were up to a dollar a month ago... they are buying back shares... From what I can see it was just a downtrend sparked by a major holder taking profits causing a sell off... it will rebound in no time... I have asked around and no one knows why else it would have dropped, but they said it would be back up to those prices in no time...
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posted
I got in @.1035 ... it dipped down to .07 and then shot back up and has been getting tons of volume.. I bought in @.14 and then when it dipped I bought more to avg it.. I am looking for this to BLOW UP!!!
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posted
nice gap open.. lets see what this baby can do..
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posted
nice tight spread.. SCHB on the bid and off the ask @.135
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posted
gettin hits.. this might be a nice uptrend starting.. tight spread..
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posted
about to be in the .13's... this baby is cooking! All Aboard!!!!!!! CHOO CHOO!!!!!!
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posted
welcome aboard.. lets see a nice uptrend to start the week
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posted
bring the bid up.. tight spread and gettin hits..
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posted
man! look at those L2's.. hot hot hot!!!!!!
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posted
this is flyin.. nice tight spread.. bid support.. doesn't get much better kids..
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posted
man.. lol well at least your in.. GO BABY GO!!!
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posted
hasn't even broken the 20day avg and it is cookin!
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posted
oh yeah.. strong bid support.. this is gonna run hard either today or tomorrow.. all the shares are being bought up..
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posted
this is just getting started.. for it to go up we have to have holds so the demand will jack the price.. i am holdin it this week and seein what happens..
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posted
i am just guessin, but I think this will gap tomorrow and run.. three days in a row of plus a million vol..
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posted
yep.. sooner or later it will blow up!! muhahaha! it is holdin up nice at eod..
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posted
that would be great.. last was a sell for 72 days.. a buy confirmed would be great.. this held up nice no big sell off at close so i am happy.. looking to blow up soon..
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posted
PREMIER DEVELOPMENT & INVESTMENT INC Daily Commentary
Our system posted a BUY CONFIRMED today. The previous SELL recommendation that was confirmed was made on 03.31.2005 (39) days ago, when the stock price was 1.0600. Since then PDVN has fallen -89.62% .
Were you eager to go long? Well, without doubt, it was the right time to do so. The BUY signal was finally confirmed, and most probably you have called your broker and placed your long orders with no hesitation.
Don't worry if you have missed this buying opportunity. The market may now give you a second chance. You may still find good prices for buying in the next session.
THATS RIGHT!!! BUY CONFIIRMED!!!
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