March 18, 1997 |
John E. Martin, chairman and chief executive officer of PepsiCo's Casual Dining division--and a longtime motorcycle rider--has a new bike to ride. Martin, who earlier had served as chairman of Irvine-based Taco Bell, has joined Easyriders Cafe's board of directors. The company, which recently began trading on Nasdaq's Bulletin Board, operates one restaurant in Fresno and has announced plans to build restaurants in Los Angeles and Myrtle Beach, S.C.
January 16, 1998
Newport Beach-based Newriders Inc. agreed to acquire closely held Paisano Publications, based in Agoura, for an undisclosed price in stock and cash, giving Newriders full rights to the name of the Easyriders Cafe restaurants it operates. Paisano, which has annual revenue of about $38 million, publishes motorcycle-oriented magazines such as Easyriders, owns the themed restaurants and sells motorcycle-related apparel. It also owns clothing stores and motorcycle superstores.
January 16, 1998 |
Newriders Inc. agreed to acquire closely held Paisano Publications for an undisclosed amount of stock and cash, giving Newriders full rights to the name of the Easyriders Cafe restaurants it operates. Newriders, which first disclosed the planned acquisition in October, said it expects to complete the deal this quarter.
August 18, 1998
Newriders Inc., the Newport Beach-based operator of Easy-riders Cafe restaurants, recorded a net loss of $4 million, or 23 cents a share, for the second quarter. Revenue declined 12% to $610,000 from $694,000. The net loss for the six months totaled $5.2 million, or 30 cents a share.
September 23, 1998 |
Newriders Inc. shareholders on Tuesday approved mergers that will create a new, publicly traded company that operates restaurants and provides products and services to motorcycle enthusiasts. Newport Beach-based Newriders will merge with Paisano Publications and the small El Paso Bar-B-Que restaurant chain to form Easyriders Inc. Stock will trade Thursday on the American Stock Exchange under the symbol EZR. Newriders--headed by former Taco Bell Corp.
July 29, 1997
Wayne L. Knyal and Daniel J. Gallery have joined the board of Newriders Inc., a Newport Beach owner and operator of two Easyriders Cafe restaurants. Knyal is the founder, president and chief executive of Franchise Mortgage Acceptance Co., a subsidiary of Imperial Credit Industries Inc. Gallery is a co-founder and executive vice president of Carts of Colorado. In addition, William R.