Bowlin Travel Centers (BWTL) 8-K Results of Operations and Financial Condition

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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Bowlin Travel Centers Report Revenues Increase in Fiscal Year 2005 and Fourth Quarter

April 27, 2005

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Michael L. Bowlin, chairman, president and chief executive officer, commented, “After three years of declining revenue growth that reflected the nation’s weak economy and a reduction in the number of travel centers in our operations, we are pleased to report gross sales for fiscal year 2005 were at their highest level since fiscal year 2002. Operating income for both fiscal year 2005 and in the fourth quarter was up, 8.4% and 16.5%, respectively. We maintained our conservative approach to operations keeping in place programs that supported sales growth and we added billboard advertising in a key location that produced positive results. On January 18, 2005 we opened Picacho Peak Plaza, which is strategically located on I-10. I-10 is the main transportation route between metropolitan Phoenix and Tucson, Arizona. With super-pumper gasoline service available 24/7 by credit card, combined with the ever increasing traffic on I-10, Picacho Peak Plaza has the potential to be one of our top travel centers,” Bowlin added. “Going forward we will continue to focus on our primary interest of increasing shareholder equity and value.”

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: www.bowlintc.com and 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.

FINANCIAL TABLES FOLLOW:

Bowlin Travel Centers Report Revenues Increase in Fiscal Year 2005 and Fourth Quarter

April 27, 2005

Page 3

The following tables outline the company's financial results for fiscal 2005 and fiscal 2004.

Condensed Balance Sheets and Statements of Income

BALANCE SHEET

(in thousands)

	Fiscal Year Ended January 31,
		2005		2004
Assets
Cash and cash equivalents	$	2,043	$	2,240
Other current assets		3,926		3,891
Total Current Assets		5,969		6,131
Property and equipment, net		13,265		10,431
Other assets		851		894
Total Assets	$	20,085	$	17,456
Liabilities and Shareholders’ Equity
Current liabilities	$	2,387	$	2,340
Long-term debt		5,262		3,369
Deferred income taxes		877		793
Deferred revenue, long term		166		–
Total Liabilities		8,692		6,502
Shareholders’ equity		11,393		10,954
Total Liabilities and Shareholders’ Equity	$	20,085	$	17,456

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Bowlin Travel Centers Report Revenues Increase in Fiscal Year 2005 and Fourth Quarter

April 27, 2005

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CONDENSED STATEMENTS OF INCOME

(in thousands, except share and per share data)

	Three Months Ended January 31,						Twelve Months Ended January 31,
	2005			2004			2005			2004
Net sales	$	5,561		$	4,881		$	23,599		$	21,363
Cost of goods sold		(3,397	)		(2,867	)		(15,113	)		(13,450	)
General and administrative expenses		(1,865	)		(1,741	)		(7,073	)		(6,573	)
Depreciation and amortization		(179	)		(170	)		(703	)		(685	)
Income from operations		120			103			710			655
Interest expense		(66	)		(44	)		(203	)		(185	)
Other non-operating income, net		60			78			237			339
Income before income taxes		114			137			744			809
Income tax expense		59			55			305			315
Net income	$	55		$	82		$	439		$	494
Earnings per share: Basic and diluted	$	0.01		$	0.02		$	0.10		$	0.11
Weighted average common shares outstanding		4,583,348			4,583,348			4,583,348			4,583,348

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