To: Stock Watcher who wrote (10172 ) 6/7/1999 11:11:00 PM From: KZAP Read Replies (1) | Respond to of 52051
RTIN - Restaurant Teams International. Trades on the OTC:bb market. Current price: 1 9/16 X 1 5/8 They are expected to close on the Fatburger restaurant chain this week. Latest news release (today) states that the deal is personally guaranteed by the company officers. biz.yahoo.com The FB restaurants are comprised of 13 company owned FB's in Los Angeles, Calif. and 22 franchisees in southern Calif. and Las Vegas, Nevada. Three are under construction, two to open this month and one in Aug. this year. The Fatburger brand first appeared in 1952 and the orginal restaurant is still operating. Today the chain is experiencing same store sales growth at company owned stores of 20% and the franchise division is up 30% for the year.biz.yahoo.com The above deal was changed in the last PR, yet this link has some good info. Each FB ranges from 950 to 2000 sq. ft. in size. There has been 6 new FBs opened in the last 48 months. Newly constructed restaurants are expected to cost approx. $450,000 to open. RTIN operates three "Stree Talk Cafe" restaurants currently. Which are profitable. The latest 10K ending Dec. 31, 1998, shows a 19% increase over 1997. Also, the last 10k included one time charge offs to clean up the company for the future acquisition of the FB franchise chain. 1997 showed a profit of 2 cents per share and 1998 showed a loss of 21 cents a share after the charge offs. Some of which may not actually happen. Of course the 10K is available on Edgar. Yahoo profile:http://biz.yahoo.com/p/r/rtin.html As of April 30, 1999 there were approx. 280 shareholders with 7,936,966 shares outstanding. There are some legal proceedings facing the company and its management. This is over a debenture funding. RTIN believes the debenture holders have shorted the stock and are currently short maybe several hundred thousand shares. RTIN expects to win this law suit. RTIN is fully reporting and meets all the Nasdaq requirements except share price and with the FB acquisition they expect to shortly qualify with the stock price heading upwards of $5. The above is from what I know about the company. The opinions are mine and may not reflect the companies opinion. :^) Here's the Fatburger website:http://www.fatburger.net/ Happy investing!