ALBUQUERQUE, N.M., Sept. 13 /PRNewswire-FirstCall/ -- Bowlin Travel Centers, Inc. (OTC:BWTL) (BULLETIN BOARD: BWTL) today reported net sales increased 15.4% to $16.69 million for the six-months ended July 31, 2006, compared to net sales of $14.46 million for the same six-month period in the prior fiscal year. Earnings per share for the first half of fiscal year 2007 was $0.08 per basic and diluted share, compared to $0.10 per basic and diluted share in the first half of fiscal year 2006. The decrease in basic and diluted earnings per share is primarily the result of a non-operating gain of $206,000 reported in the second quarter period of fiscal year 2006. Net sales for the second quarter period of fiscal 2007, increased 10.0% to $9.14 million compared to $8.31 million for the second quarter period ended July 31, 2005. Earnings per share in the second quarter period ended July 31, 2006 was $0.07 per basic and diluted share compared to $0.10 per basic and diluted share in the same period of the prior year, which included a non-operating gain of $206,000. Michael L. Bowlin, Chairman, President and Chief Executive Office stated, "Our newest travel center located in Arizona at Picacho Peak continues to have a positive impact on our operating results. We will maintain our focus on operational improvements which includes volume buying for improved margins and maintaining our supervisory support programs." The Company operates travel centers strategically located on major interstate highways 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 the second quarter of fiscal 2007. Condensed Balance Sheets and Statements of Income BALANCE SHEET (in thousands) July 31, January 31, 2006 2006 Assets (Unaudited) (Audited) Cash and cash equivalents $2,943 $2,615 Other current assets 4,467 4,004 Total Current Assets 7,410 6,619 Property and equipment, net 12,461 12,541 Other assets 680 720 Total Assets $20,551 $19,880 Liabilities and Shareholders' Equity Current liabilities $2,707 $2,154 Long-term debt 4,575 4,799 Deferred income taxes 846 884 Total Liabilities 8,128 7,837 Shareholders' equity 12,423 12,043 Total Liabilities and Shareholders' Equity $20,551 $19,880 CONDENSED STATEMENTS OF INCOME (Unaudited) (in thousands, except share and per share data) THREE MONTHS ENDED SIX MONTHS ENDED JULY 31, JULY 31, 2006 2005 2006 2005 Net sales $9,139 $8,312 $16,691 $14,462 Cost of goods sold (6,232) (5,347) (11,517) (9,406) General and administrative expenses (2,142) (2,187) (4,058) (4,007) Depreciation and amortization (220) (218) (437) (444) Income from operations 545 560 679 605 Interest expense (110) (99) (214) (191) Other non-operating income, net 69 262 159 324 Income before income taxes 504 723 624 738 Income tax expense (196) (278) (245) (287) Net income $308 $445 $379 $451 Earnings per share: Basic and diluted $0.07 $0.10 $0.08 $0.10 Weighted average common shares outstanding 4,583,348 4,583,348 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 Investor Relations, Rudy R. Miller, Chairman and CEO of The Miller Group, +1-602-225-0504, for Bowlin Travel Centers, Inc. Web site: http://www.shopbowlin.com/ Web site: http://www.bowlintc.com/

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