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Microcap & Penny Stocks : KAFE (Country Star Restaurants)

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To: Stephen D. French who wrote (12)1/23/1997 10:22:00 PM
From: wfrazee   of 876
 
I called the company and got the following information from investor relations:

- Next quarter's results won't be out until mid March

- Construction of Orlando site has not started - still working plans

- No specific future sites nailed down; however, they have several sites to consider. Also, no timetable for starting new sites (for me this is good news because we need some positive revenue from existing restraunts before making more financal comittments)

- Received a 125K settlement from U Studios in regards to the Country Star Hollywood issue

- Country Star Hollywood is profitable!!!!!

- Company does not have an email address or web site so must telephone to talk with them.
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