NEWS!
Tuesday November 10, 11:06 am Eastern Time
Company Press Release
SOURCE: Restaurant Teams International, Inc.
Restaurant Teams International, Inc. Retains Josephberg Grosz & Co,
Inc. as Corporate Finance Consultant
LONGVIEW, Texas, Nov. 10 /PRNewswire/ -- Restaurant Teams International, Inc. (OTC Bulletin Board: RTIN - news) announced today that it has retained
the services of Josephberg Grosz & Co, Inc. (''JGC'') as corporate finance consultant to provide the Company with capital for proposed acquisitions as well as
general financial services. Josephberg Grosz & Co, Inc. will work with management to develop strategies for increasing shareholder value and advise the company
in financing and capital development.
Henry Leonard President and Chief Operating Officer stated: ''We are very excited about this new relationship and to be working with Rich Josephberg. We
chose (''JGC'') because of the company's commitment to increasing shareholder value. I am confident they are equally as committed to our deadline
requirements,'' continued Leonard. ''As we accelerate our unit growth rate with the acquisition of the Old San Francisco Steak House chain, our relationship with
(''JGC'') will be a contributing factor in our maximizing shareholder's equity.''
The Company also stated that it will continue to explore possible acquisitions for the growth of the company's Street Talk Cafe and Old San Francisco Steak
House concepts, as well as additional concepts with potential for expansion and development.
Restaurant Teams International, Inc. is the developer and operator of the Street Talk Cafe and Fresh'n Lite Cafe & Grill concepts. Both concepts are full service
casual dining operations that feature a variety of foods along with many choices of non-fat and low-fat menu items without sacrificing taste, service, value or
atmosphere.
This press release contains 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, weather, real estate zoning and permitting complications, and
general conditions in the restaurant market.
For further information contact 1-800-259-2675.
SOURCE: Restaurant Teams International, Inc. |
