Champions Sports Inc. Reports Quarterly Report.ARLINGTON Arlington, county, United States Arlington, county (1990 pop. 170,936), N Va., across the Potomac River from Washington, D.C. Arlington is a residential and commercial suburb of Washington. , Va.--(BUSINESS WIRE)--March 12, 1999--Champions Sports Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Symbol:CSBR CSBR Center for Sustainable Building Research ), licensee licensee n. a person given a license by government or under private agreement. (See: license, licensor) LICENSEE. One to whom a license has been given. 1 M. Q. & S. 699 n. of CHAMPIONS Sports Bar Restaurants, today reported a net income of $47,025 for the quarter ended Jan. 31, 1999 compared to a net income of $25,563 for the quarter ended Jan. 31, 1998. For the quarter ended Jan. 31, 1999 the earnings per common share was $0.00 compared to earnings of $0.00 per common share for the quarter ended Jan. 31, 1998. For the nine months ended Jan. 31, 1998 net loss was $19,751 or $0.00 per common share compared to an income of $338,246 or $0.03 per common share for the nine months ended Jan. 31, 1998, which included an extraordinary gain of $290,641 resulting from the sale of CHAMPIONS brand to Marriott International Marriott International, Inc. (NYSE: MAR) is a worldwide operator and franchisor of a range of value and luxury hotels and related lodging facilities. Marriott currently has 2,300 accommodation properties in North America alone. , Inc. Revenues were $655,525 for the quarter ended Jan. 31, 1999 compared to $595,818 for the quarter ended Jan. 31, 1998. -0-
SELECTED FINANCIAL DATA
-----------------------
Three Months Ended Nine Months Ended
Jan. 31 Jan. 31
1999 1998 1999 1998
---- ---- ---- ----
Total
Revenues $655,525 $595,818 $1,639,302 $1,687,829
Net Income (loss)
from continuing
operations $47,025 $25,563 ($19,751) $47,605
Extraordinary
Gain - - - $290,641
Net Income
(loss) $47,025 $25,563 ($19,751) $338,246
Basic Earnings
(loss) per share $0.01 $0.00 $0.00 $0.04
Earnings (loss) per
common share
fully diluted $0.00 $0.00 $0.00 $0.03
-0- Champions Sports Inc. is a licensee of CHAMPIONS Sports Bar Restaurants and an exclusive supplier of sports memorabilia The term sports memorabilia usually refers to anything that can be directly connected to a sports event or personality. These items are generally gathered by fans of the particular sport, athlete or team that the item signifies or by collectors who find value in the rarity and a consultant to all new managed Marriott Marriott has several meanings:
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