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Wednesday, 03/31/2004 1:19:56 PM

Wednesday, March 31, 2004 1:19:56 PM

Post# of 1
Market News

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PUBSF ELEPHANT & CASTLE GROUP INC

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PUBSF: New 52-Wk High @ $0.440 up 10.00%

TUESDAY , MARCH 30, 2004 04:05 PM

This is the 1st 52 WEEK HIGH alert for PUBSF in the past 7 calendar days.

The share price for Elephant & Castle Group Inc (OTCBB: PUBSF) reached a new 52-week high today, trading at $0.440, up $0.040 (10.00%) from its previous close of $0.400.

The Company's previous 52-week high of $0.400 was set yesterday on March 29, 2004.

Eleven months ago, the Company's shares closed at $0.260. The price has climbed more than 69 percent since then.

At the time of this alert, the stock had traded 10,000 shares via 4 trades, 46.31% above it's 20day average of 6,835 shares.

This new 52-week high currently puts the stock:

50.81% above its 20day Moving Average of $0.292
39.90% above its 50day Moving Average of $0.315
37.35% above its 100day Moving Average of $0.320

The Company last released news on March 23, 2004:

"Elephant & Castle Group Inc. reports year-end earnings"

ELEPHANT & CASTLE GROUP INC
Elephant & Castle Group, Inc. owns and operates pub and casual dining restaurants in the United States and Canada, and is actively engaged in restaurant franchising activities. The Company operates authentic British-style pubs with 24 locations throughout North America, 14 of which are located in Canada and 10 in the United States.







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