News, FB a go !!
March 07, 2000 09:30
Restaurant Teams International Inc. Tenders ``Good Faith' Payment to FB Holding Corp.
LONGVIEW, Texas--(BUSINESS WIRE)--March 7, 2000--On Friday March 3, 2000, RTIN (OTCBB:RTIN) made a timely "Good Faith" payment to FB Holding Corp. towards a possible acquisition of Fatburger Corporation.
The company is still working towards the potential all cash acquisition of the stock of Fatburger Corporation. The assets include 13 company owned "Fatburger Restaurants" and royalty revenues from approximately 21 franchisees under the Fatburger name brand.
Curtis A. Swanson, CFO of Restaurant Teams International Inc. stated, "I am very excited with the company's plans for the proposed acquisition of Fatburger. We remain confident and optimistic in our plans to complete the potential acquisition in April of this year."
Restaurant Teams International, Inc. is a public holding company whose stock trades on the fully reporting Nasdaq OTCBB.
This press release may contain forward-looking statements, which are generally preceded by words such as "believes," "expects," "anticipates" or "intends." Such statements are subject to risks and uncertainties, including but not limited to competitive conditions, real estate zoning and permitting complications, government regulations and general conditions in the restaurant market.
CONTACT: Restaurant Teams International Inc., Longview
Curtis A. Swanson, 903/295-6800
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