Harbor Brewing Sees 39% Growth

Harbor Brewing Company Inc. (PINKSHEETS:HBWO.pk – News) increased revenue by more than 39 percent during the quarter endingJune 30.

Revenue increased to $718,508 versus $516,488 for the previous three month period.

Additionally, losses narrowed by 83 percent to $36,434 for the quarter. When adding back noncash charges such as depreciation the company was cash flow positive for the quarter. Revenue growth was across each subsidiary, as was improving profitability.

Thomas W. Scozzafava, chairman and CEO of Harbor Brewing Company, says, "The entire staff is dedicated in its pursuit of manageable growth while at the same time relentless in eliminating unnecessary overhead and reducing expenses. This continued focus has allowed us to significantly improve operations and reduce the company's outstanding debts."

Harbor Brewing Company expects to file its complete financials as well as its quarterly disclosure statement this week with OTCMarkets.

Harbor Brewing Company Inc. owns and operates brewing, baking, restaurant and real estate assets.

HME Hospitality and Specialty Communications Releases New Text-to-Speech Feature

HME Hospitality and Specialty Communications announced the release of Text & Connect, a powerful new NEXEO | HDX feature used to send real-time, personalized, text-to-speech alerts to select restaurant teams and stores via the NEXEO headset. Text & Connect revolutionizes store operations by enabling restaurant leaders to build employee engagement, recognize outstanding performance, and deliver consistent […]

California Pizza Kitchen’s $50,000 ‘Thank You Card’ Sweepstakes Ends April 22

California Pizza Kitchen (CPK) Thank You Card promotion – where every card is a winner – is still going on through THIS Sunday, April 22! Most importantly, $50,000 in cash is still up for grabs, which means everyone with an unopened Thank You Card needs to head out to their local CPK over the next five days to find the big grand […]

Peter D’Amelio Named Strategic Advisor to Leo’s Italian Social

Peter D’Amelio, CEO of PJD Hospitality and former president of the Cheesecake Factory, has joined Leo’s Italian Social as a strategic advisor to help steward its growth in the Midwest and along the East Coast. With an impressive 30-plus-year track record in the hospitality industry, D’Amelio brings a wealth of experience and expertise to the […]

Cameron Mitchell Restaurants Pledges $1 Million to Ohio State

The Ohio State University’s College of Education and Human Ecology announced a generous $1 million commitment from Cameron Mitchell Restaurants (CMR) on Monday for the renovation of Campbell Hall. The news was shared during The Big Dish, the Hospitality Management Program’s annual signature event, which celebrates the program’s graduating seniors and industry partners. The program’s […]

Kyuramen Opens in Sandy Springs, Georgia

Kyuramen, the renowned Japanese ramen chain, introduced its location at 6623 Roswell Rd NE, Sandy Springs, GA 30328 that brings authentic and innovative ramen experiences at an affordable price to Sandy Springs residents. Participating in Kyuramen’s nationwide “New Bowl Lottery Game,” the Sandy Spring location allows diners to have a chance to win a free […]

Denny’s to Offer Discounted Sweet Cream Cold Brew on 4/20

This 4/20, come to Denny’s for a brew-tiful celebration. In honor of National Cold Brew Day on April 20, Denny’s is pleased to provide Denny’s rewards members 20 percent off one Sweet Cream Cold Brew. Customers must become value members before April 20 to be eligible for this special all-day offer. No matter what holiday you’re celebrating, […]

You might also like...

Get daily updates on quick-serve industry news, tips, and events.