Rascals International (fka RASC)

[bostonredsox]

Rascals International Retains OTC Financial Network to Direct Comprehensive Investor Relations Campaign

Tuesday January 22, 8:33 am Eastern Time
Press Release
SOURCE: Rascals International, Inc.

WEST ORANGE, N.J., Jan. 22 /PRNewswire/ -- Rascals International, Inc. (OTC Bulletin Board: RASC - news), operator of leading comedy clubs and the Internet comedy site http://www.rascalscomedyclub.com, today announced that it has retained OTC Financial Network, a division of National Financial Communications Corp., to direct a comprehensive investor relations campaign.

National Financial Communications Corp. President Geoffrey Eiten stated, ``Rascals recently deployed a hotel joint venture strategy, opening comedy clubs within prominent hotel properties. This allows Rascals to rapidly grow revenues and build brand name identity with minimal start-up and operating expenses. Combined with a schedule to open new stand-alone clubs across the U.S., Rascals is carving its niche as the leading operator of comedy club restaurants.''

Eiten added, ``Other exciting areas of Rascal's development include leveraging its extensive library of comedic performances for a commercial video entitled ''Before They Were Famous`` and delivering live, pay-for-view presentations on its Internet website and cable television. With solid and multifold growth strategies in place, Rascals is well-positioned to enhance its market capitalization substantially in the near future.''

Rascals CEO Ed Rodriguez, ``Industry experts now value the U.S. comedy club market at $2 billion annually. We are prepared to rapidly capture share of this market during 2002. When we add merchandising opportunities, such as our upcoming video, we have the potential to grow exponentially. OTC Financial Network has been retained to communicate our exciting growth prospects and build our reputation among the investment community.''

About OTC Financial Network

OTC Financial Network, a division of National Financial Communications Corp. (NFC), is a full-service financial communications and investor relations firm that specializes in micro/small-cap companies. Headquartered in Needham, Massachusetts, NFC operates from independent affiliate offices in Arizona, California, Oregon, Colorado, Florida and Canada. The Company offers its services to companies listed on all major exchanges in addition to the over- the-counter markets. For more information on NFC, visit www.nationalfc.com. OTC Financial Network, a division of National Financial Communications Corporation, serves as special advisor to the featured Company and has received fees for services. This is not an offer to buy or sell securities. Information or opinions in this release are presented solely for informative purposes, and are not intended nor should they be construed as investment advice.

About Rascals International

Rascals International operates comedy clubs in Ocean Township and West Orange, New Jersey. Additional clubs are located in the Crowne Plaza Hotel, Downtown Phoenix, Arizona, and the Sheraton Springfield at Monarch Place, Springfield, MA, and one is scheduled to open in West Chester, PA in 2002. The Company also owns a video library of nearly 400 hours of top name comedians including Jay Leno, Billy Crystal and Rosie O'Donnell. Rascals International is headquartered in West Orange, New Jersey and located on the Web at www.Rascalscomedyclub.com.

For more information on Rascals: At the Company, contact Ed Rodriguez, CEO, 973-243-8000 or email [e-mail]. For Investor Relations, contact Mario ``Ike'' Iacoviello, OTC Financial Network, 888-765-5355 or 760- 931-9211 or [e-mail]. See also www.otcfn.com/rasc.

Except for the statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

SOURCE: Rascals International, Inc.