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Bowlin Travel Centers Inc (BWTL) SEC Filing 10-K Annual report for the fiscal year ending Monday, January 31, 2005

Bowlin Travel Centers Inc

CIK: 1124653 Ticker: BWTL
EXHIBIT 99.1 

NEWS RELEASE

FOR IMMEDIATE RELEASE
April 27, 2005
  
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
 

BOWLIN TRAVEL CENTERS REPORT REVENUES INCREASE
IN FISCAL YEAR 2005 AND FOURTH QUARTER

ALBUQUERQUE, NEW MEXICO, April 27, 2004 -- Bowlin Travel Centers, Inc. (OTCBB: BWTL) today reported gross sales for fiscal year ended January 31, 2005 were up 10.3% to $24.090 million from $21.848 million for fiscal year ended January 31, 2004. For the fourth quarter of fiscal year 2005, Bowlin’s gross sales increased 13.1% to $5.675 million from $5.017 million in the same period of fiscal year 2004.

Net income for the fiscal year ended January 31, 2005 was $439,000, or $.10 per basic and diluted share, compared to net income of $494,000, or $.11 per basic and diluted share for fiscal year ended January 31, 2004. For the fourth quarter of fiscal year 2005, net income was $55,000, or $.01 per basic and diluted share, compared to net income of $82,000 or $.02 per basic and diluted share in the same year ago period.

The net income decline was attributable to events outside of travel center operations. Interest income decreased a full 50% as a result of interest from mortgages held by the Company that were paid off in the prior fiscal year and bond interest reported in the prior fiscal year that was not present in fiscal 2005. Gains on sale of property and equipment decreased, and interest expense was greater as a result of higher interest rates

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The following information was filed by Bowlin Travel Centers Inc (BWTL) on Wednesday, April 27, 2005 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Bowlin Travel Centers Inc provided additional information to their SEC Filing as exhibits

Ticker: BWTL
CIK: 1124653
Form Type: 10-K Annual Report
Accession Number: 0001076542-05-000115
Submitted to the SEC: Wed Apr 27 2005 7:29:45 AM EST
Accepted by the SEC: Wed Apr 27 2005
Period: Monday, January 31, 2005
Industry: Retail Auto Dealers And Gasoline Stations

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