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Microcap & Penny Stocks : ROTI - Harvest Restaurant Group Inc

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To: Turboe who wrote (73)6/8/1998 10:01:00 AM
From: Gary West  Read Replies (1) of 1702
 
Here's all the information I have received from Harvest:

2/27/98 - Announced that will acquire Red Line trademark which includes 25 franchised restaurants. These will be converted to Harvest food courts. Also responded to the negative Business Week article which may explain the drop in stock price.

3/18/98 - Announced agreement to acquire 110 unit Surf City juice bar chain, the nations second largest; and Sports Group International, a distributor of sports drinks.

5/11/98 - Announced plans to merge with Tanners restaurants which owns 12 units in Georgia and Alabama.Tanners will open in a few Harvest locations and will expand 3 new restaurants, some of which are franchises.They stated they will require additional capital for expansion, but no numbers yet. ROTI outstanding shares are presently 2.7 million.

I suggest anyone wanting updates on this information to call Harvest's investor relations line at (210)824-2496 or visit their website at
harvestrotiserrie.com.
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