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Author Topic: Scores Holding (SCRH) - NEWS
EdSilby2
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Scores Holding Company Announces Increase In Net Sales and Profit in the 4th Quarter
Monday March 22, 4:00 pm ET


NEW YORK--(BUSINESS WIRE)--March 22, 2004--Scores Holding Company Inc. (the "Company") (OTC Bulletin Board: SCRH - News) announced today that for the three-month period ended December 31, 2003, the Company had net sales of $343,560, which is 15% higher than internal projections. These net sales produced a net income of $87,118 before income taxes. For the twelve-month period ended December 31, 2003, the Company had net sales of $1,450,420, an increase of $106,449 over the twelve-month period ended December 31, 2002.
Chairman and Chief Executive Officer Richard Goldring stated: "We are very pleased that we achieved our main goal for the 4th quarter, namely increasing our net sales and producing our first quarterly profit, which will help us to position ourselves better for continued profitable growth in the future. Looking ahead, we expect to report continued growth for 2004 and an increase in net sales as a result of the proven cash generating power of SCORES SHOWROOM and the new SCORES WEST SIDE in New York City, coupled with the continued success of SCORES CHICAGO".

The Company owns the brand and intellectual property associated with the "SCORES" trademark, which is the most recognizable name in adult nightclub entertainment. Since our recent restructuring our new business strategy has been to focus our efforts to actively market the "SCORES" brand name in order to take full commercial advantage of the name and its recognition value. We will continue to seek to generate revenue by granting licenses to use the "SCORES" brand name to adult entertainment nightclubs. In addition to our strategy to increase the number of club licensees, we are always looking to take advantage of merchandising opportunities as well as opportunities in other media outlets such as our "SCORES" branded E-commerce site SCORESMALL.COM, which is a primary destination for purchasing over 500 different SCORES branded fashions, videos, jewelry and collectibles.


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EdSilby2
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up 20%
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Bob Frey
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I wonder if share holders get a discount card...
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EdSilby2
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Up 50%
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The Hippo
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is this a strip club chain?
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EdSilby2
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Yes. They have three open now (2 in NYC and 1 in Chicago) and are expanding nationally. around 9 million shares outstanding.
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EdSilby2
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More SCRH news-- this revenue goes straight to the bottom line.

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Scores Holding Company Announces the Signing Of Its Fourth Licensing Agreement
Tuesday March 23, 4:00 pm ET


NEW YORK--(BUSINESS WIRE)--March 23, 2004--Scores Holding Company Inc. (the "Company") (OTCBB: SCRH - News) announced today that it's Master Licensee, Entertainment Management Services, Inc., ("EMS"), entered into a Sublicense Agreement with CLUB 2000 EASTERN AVENUE, INC., on February 27, 2004. This Sublicense authorizes CLUB 2000 to use the SCORES BALTIMORE brand name at its adult nightclub located at 2000 Eastern Avenue, Baltimore, Maryland. CLUB 2000 will pay royalties to EMS equal to 4.99% of the gross revenues earned at that location, or $1,000 a week, whichever is greater. All of these royalties will be paid by EMS to the Company under the EMS Master License Agreement which grants to EMS the exclusive worldwide license to use and grant sublicenses to use the "SCORES" trademarks in connection with the ownership and operation of upscale adult entertainment nightclubs.
The signing of this sublicense with CLUB 2000 is the fourth such agreement that authorizes the use of the "SCORES" brand name. In addition to the CLUB 2000 sublicense agreement EMS has sublicense agreements with SCORES SHOWROOM located at 333 East 60th Street in Manhattan, New York City which as the original "SCORES" has received a significant amount of media exposure over the years. SCORES WEST located at 536 West 28th Street in Manhattan, New York City, which opened for business on March 16, 2004 and SCORES CHICAGO located at 4003 Lake Street, Stone Park, Illinois.

Richard Goldring, the Chairman and Chief Executive Officer of the Company said "We are very pleased that CLUB 2000 has joined the SCORES family of clubs and we believe that with the successful opening of SCORES BALTIMORE the projected license fee that will be generated from this location could add an additional $125,000 to $150,000 in annual licensing fees to the Company. We were also very pleased with the response to the very successful opening of SCORES WEST last Tuesday. The initial business levels that we achieved during the first week of operation far exceeded our expectations and had no effect on the revenues generated at SCORES SHOWROOM, which remain approximately 5% over the same period last year. We are very pleased with the tremendous response and continued support shown by the people of New York City to the "SCORES" brand."


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EdSilby2
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Even more news this morning. Fees go straight to the bottom line.

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Scores Holding Company Announces the Signing Of Its Fifth Licensing Agreement
Business Wire - March 26, 2004 09:00

NEW YORK, Mar 26, 2004 (BUSINESS WIRE) -- Scores Holding Company Inc. (the "Company") (OTC Bulletin Board: SCRH) announced today that it's Master Licensee, Entertainment Management Services, Inc., ("EMS"), entered into a Sublicense Agreement with SMG Entertainment, Inc. on March 8, 2004. This Sublicense authorizes SMG Entertainment to use the "SCORES MIAMI" brand name at an adult nightclub to be located in Miami-Dade County, Florida. SMG Entertainment will pay royalties to EMS equal to 4.99% of the gross revenues earned at that location. All of these royalties will be paid by EMS to SCOH under the EMS Master License Agreement which grants to EMS the exclusive worldwide license to use and grant sublicenses to use the "SCORES" trademarks in connection with the ownership and operation of upscale adult entertainment nightclubs.

The signing of this sublicense with SMG Entertainment is the fifth such agreement that authorizes the use of the "SCORES" brand name. In addition to the SMG Entertainment sublicense agreement, EMS has sublicense agreements with "SCORES SHOWROOM" located at 333 East 60th street in Manhattan, New York City, which as the original "SCORES" has received a significant amount of media exposure over the years and has been featured prominently on the CBS radio and television networks. "SCORES WEST" located at 536 West 28th Street in Manhattan, New York City, which opened on March 16, 2004, "SCORES CHICAGO" located at 4003 Lake Street, Stone Park, Illinois and "SCORES BALTIMORE" located at 2000 Eastern Avenue, Baltimore, Maryland, are also operating Sublicensees.

Richard Goldring, the Chairman and Chief Executive Officer of the Company said "We are very pleased that SMG Entertainment has joined the "SCORES" family of clubs. The South Florida market is the birth place of the adult entertainment nightclub industry and we believe that the successful opening of "SCORES MIAMI" could add an additional $225,000 to $250,000 in annual licensing fees to the Company."


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EdSilby2
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Up 60% today. Looking real good
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EdSilby2
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And more news......

Scores Holding Company, Inc. Reports Successful Full Year 2003 Operating Results
Tuesday March 30, 4:00 pm ET


NEW YORK--(BUSINESS WIRE)--March 30, 2004--Scores Holding Company Inc. (the "Company") (OTC Bulletin Board: SCRH - News) announced today that for the year ended December 31, 2003 the Company had revenues of $1,450,420, an increase of $106,449 compared to $1,343,971 for 2002. The increase in revenues was attributed to license fees generated from sublicense agreements with SCORES SHOWROOM and SCORES CHICAGO. We incurred general and administrative expenses of $1,260,605 for 2003, compared to $2,315,722 for 2002. The decrease in general and administrative expenses was primarily attributable to legal, consulting, rent and salary expense reductions because of our across the board cost cutting and the divestiture of GO WEST Entertainment. For 2003 we had a net loss of $99,804, or $.02 per share compared to $2,945,996, or $.96 per share, for 2002.
Richard Goldring, the Company's chairman and chief executive officer, said: "Our licensees reported strong operating results last year. The increase in licensing fees from SCORES SHOWROOM and SCORES CHICAGO helped the Company to have its first full quarter of profitability in the 4th quarter of 2003 and the across-the-board cost-control efforts we put in place at year-end 2002 also contributed to the strong 2003 operating results. We are very pleased that the decisions that we implemented during 2003 enabled the Company to reduce its net loss for 2003 by $2,846,192 to $99,804."

"Our business enters 2004 gaining operating momentum and with a projected additional increase in net sales generated from the opening of SCORES WEST in Manhattan, on March 16, the continued growth in net sales at SCORES SHOWROOM in Manhattan and SCORES CHICAGO, coupled with the scheduled openings of SCORES BALTIMORE and SCORES MIAMI scheduled for the 2nd and 3rd quarters of 2004, we believe we are well positioned to capitalize on future revenue opportunities. We continue to project increased profitability in all our businesses."

"As a result, we are presently projecting 2004 operating profits to be in the range of approximately $1.0 million to $1.5 million and are reiterating our projection that we will return to net profitability and positive earnings per share in 2004," Goldring said.


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EdSilby2
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Bid/Ask both up pre-market. Looks like SCRH may be a mover today
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EdSilby2
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Up 30%
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