Wednesday February 16, 11:38 am Eastern Time
Company Press Release
Restaurant Teams International Inc. and FB Holding Corp. Settle Litigation
and Arbitration
LONGVIEW, Texas--(BUSINESS WIRE)--Feb. 16, 2000--Effective February 14, 2000, RTIN (OTCBB:RTIN - news) and FB Holding Corp. reached a
mutually agreeable settlement resolving RTIN's Texas litigation and FB Holding Corp.'s New York arbitration. The terms of the settlement agreement presently, will
remain confidential.
Curtis A. Swanson, CFO of Restaurant Teams International Inc. stated, ``I am pleased that we have been able to resolve this litigation. Our company is actively
reviewing acquisition opportunities to fulfill the objective of expansion through acquisition which is the most productive use of time and monies.'
Restaurant Teams International, Inc. is a public holding company whose stock trades on the fully reporting NASDAQ OTC BB.
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. |
