NORCROSS, GA--(BUSINESS WIRE)--June 10, 1999--Tanner's Restaurant
Group Inc. (OTC BB:ROTI.O), a developer, operator and franchiser of
branded restaurant concepts, Thursday announced that on May 24, 1999,
it opened its first Crabby Bob's Seafood Grill restaurant in the
Buckhead Crossing shopping center located in Woodstock, Ga.
Commenting on the opening, Clyde Culp, chairman of the board of
Tanner's, said, "We are extremely pleased at having opened our first
Crabby Bob's location. Today's health conscious consumers are
increasingly including fish in their diets, and Crabby Bob's delivers
a variety of fresh fish entrees in a casual dining, family-oriented
atmosphere. We print our menus daily so fish lovers in the Atlanta
area no longer have to pay $20 to $30 a plate for the freshest fish
available."
Culp continued, "Sales in our first two weeks of operations
exceeded our expectations. We take this as a signal that Crabby Bob's
is filling a niche in the restaurant market in which there is not a
lot of competition in the Atlanta area. We believe that there is
market potential for Crabby Bob's in other geographic regions and look
forward to continuing the expansion of the concept."
About Tanner's Restaurant Group Inc.:
Tanner's Restaurant Group is a developer, operator and franchiser
of branded restaurant concepts. The company's flagship operation is
the 10-location chain of Rick Tanner's Original Grill restaurants
centered in the southeastern United States. Rick Tanner's offers a
casual dining experience, generous portions, and high quality foods at
reasonable prices.
The menu offers more than 40 entrees, 15 appetizers and 15
vegetables and side dishes, with an emphasis on food that is fresh and
cooked to order. Meals are available on both an eat-in and take-out
basis, and the restaurant is positioned between home meal replacement
concepts, and traditional sit-down restaurants that are not designed
to cater to the take-out business. With the opening of Crabby Bob's,
Tanner's has added a second restaurant concept to its business.
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Although the company believes the expectations reflected in the
forward-looking statements are based on reasonable assumptions, the
company's actual results could differ materially from those set forth
in the forward-looking statements. Certain factors that might cause
such a difference include, but are not limited to, the following:
construction of new restaurants may not be completed on schedule, or
the opening of such restaurants may be delayed due to other factors
such as staffing shortages or delays in the delivery or installation
of equipment.
--30--kwp/la* wja/la
CONTACT: Tanner's Restaurant Group, Norcross
Tim Robinson, 770/248-2298
or
Magnum Financial Group LLC, Los Angeles
Michael S. Manahan, 213/488-0443
www.magnumfinancial.com
KEYWORD: GEORGIA
INDUSTRY KEYWORD: RESTAURANTS
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