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Bowlin Travel Centers Inc (BWTL) SEC Filing 10-K Annual report for the fiscal year ending Thursday, January 31, 2008

Bowlin Travel Centers Inc

CIK: 1124653 Ticker: BWTL

EXHIBIT 99.1 

NEWS RELEASE

FOR IMMEDIATE RELEASE
April 25, 2008  
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 REPORTS STRONG RESULTS
FOR FISCAL YEAR 2008 AND FOURTH QUARTER
36th Consecutive Year of Profitability
 
ALBUQUERQUE, NEW MEXICO, April 25, 2008 -- Bowlin Travel Centers, Inc. (OTCBB: BWTL) today reported net sales from continuing operations for fiscal year ended January 31, 2008 were up 1.6% to $28.183 million from $27.751 million for fiscal year ended January 31, 2007.  For the fourth quarter of fiscal year 2008, Bowlin’s net sales from continuing operations increased 3.5% to $6.575 million from $6.351 million in the same period of fiscal year 2007.
 
Earnings per share for the twelve-month period ended January 31, 2008 were $0.10 per basic and diluted share, compared to $0.13 per basic and diluted share for the twelve months ended January 31, 2007.  A loss of $0.03 per basic and diluted share was reported for the fourth quarter period ended January 31, 2008 compared to earnings per share of $0.05 per basic and diluted share in the same period of the prior year.
 
Michael L. Bowlin, Chairman, President and Chief Executive Officer, commented,  “Despite the adverse retail conditions that were part of our nation’s slowing economy during Bowlin’s fiscal 2008, I am pleased to report our 36th year of profitability.  Sales at our travel centers were affected by rising fuel prices in much the same manner as retail operations across the nation have been reporting.  Decreased traffic on the highways as a result of the higher fuel costs and periodic weather related conditions ultimately impacted our retail merchandise sales and food sales.  We nonetheless reported an increase in net sales for the quarter and twelve-month periods, offset by increases in the cost of goods sold and general and administrative expenses.  We recorded the sale of one underperforming location during the second quarter of fiscal 2008 that added $549,000, net of taxes, to net income and increased our marketable securities cash position by $1.500 million.  Two other underperforming locations remain on the market for sale.
 
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The following information was filed by Bowlin Travel Centers Inc (BWTL) on Friday, April 25, 2008 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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Ticker: BWTL
CIK: 1124653
Form Type: 10-K Annual Report
Accession Number: 0001076542-08-000058
Submitted to the SEC: Fri Apr 25 2008 7:36:15 AM EST
Accepted by the SEC: Fri Apr 25 2008
Period: Thursday, January 31, 2008
Industry: Retail Auto Dealers And Gasoline Stations

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