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Microcap & Penny Stocks : JT's Restaurants JTSR New Developments

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To: LPasko who wrote ()9/12/1998 5:02:00 PM
From: LPasko   of 19
 
T's Restaurants, Inc. Confirms Merger Letter of Intent withTaco Johns Minneapolis

NEW YORK, Sept. 10 /PRNewswire/ -- Joseph Tribble, President, JT's Restaurants, Inc., New York City, (OTC Bulletin Board: JTSR) confirmed today that the previously announced Letter of Intent to Merger with Taco Johns -- Minneapolis continues to progress to its final stage. This merger is expected to be completed soon after the completion of the previously announced merger with FoodMasters International Corporation.

This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by those sections. These forward-looking statements include statements related to potential mergers and the effect of those mergers on the prospects of the company. Actual results may differ materially due to a number of risks, including the uncertainty of the completion of the contemplated transactions. This press release provides general information and should not be construed as an offer to sell securities. The material contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy can not be guaranteed. This report is for informational purposes only and should not be construed as advice or meet the investment needs of any particular investor or designed to be the basis of any investment decisions.

SOURCE JT Restaurants, Inc.

CO: JT Restaurants, Inc.; Taco Johns - Minneapolis

ST: New York, Minnesota

IN: RST

SU: TNM

09/10/98 16:02 EDT prnewswire.com
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