ALBUQUERQUE, N.M., June 13 /PRNewswire-FirstCall/ -- Bowlin Travel Centers, Inc. (OTC:BWTL) (BULLETIN BOARD: BWTL) today reported net sales from continuing operations increased 0.6% to $6.677 million for the three months ended April 30, 2007, compared to net sales from continuing operations of $6.635 million for the same three month period in the prior fiscal year. Earnings per share for the three-month period ended April 30, 2007 was $0.002 per basic and diluted share, compared to $0.016 per basic and diluted share for the three months ended April 30, 2006. "We are pleased with our performance during the first quarter fiscal 2008 particularly in light of unusual weather conditions that occurred during the period directly affecting the traveling public," commented Michael L. Bowlin, Chairman, President and Chief Executive Officer. "We completed the sale of one underperforming location on May 24th subsequent to the end of the first quarter and two other underperforming locations remain on the market for sale. "Our underlying platform for success has been based on operational improvements which are comprised of two factors, volume buying for improved margins and maintaining our supervisory support programs that have proved so successful for us. In fiscal year 2008 we will sustain this core focus throughout our operations," Bowlin concluded. Strategically located on major interstate highways, the Company operates travel centers that utilize co-branding agreements with national companies. The Company's current operations are located in the Southwestern United States. Visit our web sites at: http://www.bowlintc.com/ and http://www.shopbowlin.com/ Certain statements contained herein with respect to factors which may affect future earnings, including management's beliefs and assumptions based on information currently available, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements that are not historical facts involve risks and uncertainties, and results could vary materially from the descriptions contained herein. For more details on risk factors, see the company's annual reports on Form 10-K, quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission. For Further Information Contact: Michael L. Bowlin, Chairman (505) 266-5985 Rudy R. Miller, Chairman and CEO The Miller Group Investor Relations for the Company (602) 225-0504 FINANCIAL TABLES FOLLOW: The following tables outline the company's financial results for fiscal 2008 and fiscal 2007 Condensed Balance Sheets and Statements of Income BALANCE SHEET (in thousands) April 30, January 31, 2007 2007 Assets (Unaudited) (Audited) Cash and cash equivalents $1,901 $2,308 Marketable securities 781 453 Other current assets 4,340 4,171 Total Current Assets 7,022 6,932 Property and equipment, net 9,672 9,706 Assets held for sale 2,541 2,559 Other assets 788 809 Total Assets $20,023 $20,006 Liabilities and Shareholders' Equity Current liabilities $2,013 $1,880 Long-term debt 4,179 4,198 Long-term debt of assets held for sale 485 521 Deferred income taxes 690 759 Total Liabilities 7,367 7,358 Shareholders' equity 12,656 12,648 Total Liabilities and Shareholders' Equity $20,023 $20,006 CONDENSED STATEMENTS OF INCOME (Unaudited) (in thousands, except share and per share data) THREE MONTHS ENDED April 30, 2007 2006 Net sales $6,677 $6,635 Cost of goods sold (4,586) (4,513) General and administrative expenses (1,815) (1,725) Depreciation and amortization (194) (185) Income from operations 82 212 Interest expense (76) (82) Other non-operating income, net 104 87 Income from continuing operations before income taxes 110 217 Income tax expense (57) (87) Income from continuing operations 53 130 Loss from discontinued operations (45) (58) Net income $8 $72 Earnings per share: Basic and diluted; continuing operations $0.012 $0.028 Basic and diluted; discontinued operations $(0.010) $(0.012) Basic and diluted; net income $0.002 $0.016 Weighted average common shares outstanding 4,583,348 4,583,348 DATASOURCE: Bowlin Travel Centers, Inc. CONTACT: Michael L. Bowlin, Chairman of Bowlin Travel Centers, Inc., +1-505-266-5985; or investors, Rudy R. Miller, Chairman and CEO of The Miller Group, +1-602-225-0504 Web site: http://www.bowlintc.com/ http://www.shopbowlin.com/

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