BlowOut Video reports increase in same store sales for third quarter 1996.PORTLAND Portland, town, England Portland, town (1991 pop. 12,945), Dorset, S England. It is on the Isle of Portland, a small rocky peninsula. Portland stone has been used in St. Paul's Cathedral and other important London buildings. Lobsters and crabs are harvested. , Ore.--(BUSINESS WIRE)--Nov. 25, 1996--BlowOut Video Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BLWTV) today announced that for the quarter ending Sept. 30, 1996, comparable-store sales increased 7.4 percent from one year ago. The announcement was made by Steve v. t. 1. To pack or stow, as cargo in a ship's hold. See Steeve. Berns, president and chief executive officer of BlowOut Blowout The rapid sale of all shares in a new securities offering. See: hot issue. blowout The nearly immediate sale of a new security issue because of great investor demand. See also hot issue. Video Inc., who noted that based on 95 stores, sales in the quarter ending Sept. 30, 1996 were $3,973,975 compared to sales of $3,699,020 for the same period in 1995. "The increase in comp-store sales continues our trend of positive growth and reflects the growing acceptance and popularity of our store-within-a-store concept. We believe that consumers today appreciate and accept the convenience of one-stop shopping," said Berns. BlowOut Video Inc. has experienced tremendous growth in the past year, more than doubling its stores to 192 as of Sept. 30, 1996. The company operates full service, full line video departments inside the stores of mass merchant retailers and supermarket chains throughout the country, including Wal-Mart, Kmart and Ralph's Grocery Co. in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). . BlowOut Video Inc. began trading as a public company on Wednesday, Nov. 19, 1996. The company is the sixth publicly-traded video company in the U.S. CONTACT: Martin E. Janis & Co., Chicago Bev Jedynak, 312/943-1100 |
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