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"Creative Host Services, Inc. (Nasdaq: CHST) today announced its financial performance for the three months ended June 30, 2000. Revenues for second quarter 2000 were $5,191,780, an increase of 16 percent over second quarter 1999 revenues of $4,476,706. For the quarter, Creative Host realized profitability of $146,867 and gained $0.02 per share, compared to breaking even in the second quarter 1999. Second quarter 2000 EBITDA continued its strong growth to $557,432 over second quarter 1999 EBITDA of $376,146, resulting in a 48 percent increase.To date, Creative Host&amp;#39;s revenues total $9,678,562, an increase of 11.8 percent over the six-month earnings of 1999, which reached $8,654,802. The Company&amp;#39;s gross profit for the six months ended June 30 are reported at $6,626,519, up from $5,995,005 in 1999.The Company&amp;#39;s cash position continues to significantly increase as it positions itself for growth through acquisitions. Creative Host is actively pursuing suitable candidates and has recently announced the signing of a letter of intent with GladCo Enterprises, a Pittsburgh-based $10.5 million airport concession company.Sayed Ali, President and Chief Executive Officer of Creative Host Services, Inc., commented, &amp;quot;We are proud of our accomplishment of gaining profitability this quarter and are expecting this trend to continue. I feel these profitable results highlight the hard work management has maintained as we continue on our course of growth through acquisitions and obtaining additional airport restaurant locations.&amp;quot;"^^<http://www.w3.org/2001/XMLSchema#string>
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