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Microcap & Penny Stocks : Restaurant Teams International, Inc.-RTIN -- Ignore unavailable to you. Want to Upgrade?

To: KZAP who wrote (3025)	2/22/2000 12:08:00 PM
From: E'Lane	Read Replies (1) \| Respond to of 3351

Tuesday February 22, 10:33 am Eastern Time Company Press Release Restaurant Teams International Inc. Acquires Regulatory Solutions Inc. LONGVIEW, Texas--(BUSINESS WIRE)--Feb. 22, 2000--Restaurant Teams International, Inc. (OTCBB:RTIN - news), Longview, Texas, announced today that it has successfully completed the acquisition of privately held Regulatory Solutions Inc. (RSI). RSI is a business to business, (B2B), Professional Services Company. The company's founder, Mr. Johann Wasserman, will remain in his current position as President & CEO of RSI. Mr. Wasserman, who has been in the regulatory business for over 15 years, brings the contacts and networking of over 1000 clients in 47 states such as Sodexho Marriott (NYSE:SDH - news), Delta Daily Foods, and Pavestone Corp. to the acquisition. RSI specializes in State and Federal laws that govern both the employer and employee in the work place. The company provides proprietary ``Worksafe' training and certification programs utilized as a major outsource for regional and national businesses alike. The ``Worksafe' programs, which are marketed on both a corporate and franchise level, provide cutting edge safety and training designed to address the specific needs of management as it relates to ongoing safety and health issues associated with their industry. RSI is expanding through marketing a well-designed franchise program. RSI franchisees will develop regional territories and provide customer service for the ongoing needs of the franchise client acting as a direct liaison between the franchisor and the end user. The Worksafe programs address vital compliance issues with specific industry related agencies such as DOH, DOT, OSHA, and EPA. The Worksafe products are designed to reduce potential liabilities and assist their clients in obtaining the lowest possible premium associated with Workers Compensation Insurance. Curtis A. Swanson, Chief Financial Officer of Restaurant Teams International, Inc. stated, ``This acquisition is a further step toward our objective to diversify the company and create increased shareholder value. Based on projected revenues of $4,200,000, we are anticipating earnings of $0.15 per share from this division, in the year 2000. Increased revenues are expected from the sale of our newly released proprietary software. This CD based interactive training system was just released in January 2000. We recognize the need in our industry for professional solutions to health and safety issues in the work place. Our experience with the Worksafe services saved the company approximately $50,000 annually in insurance premiums when we closed on the recent Tanner's restaurant chain. RSI currently has 29 restaurant industry specific Worksafe products addressing a full spectrum of health and safety issues vital to every size and style of food service provider.' Mr. Swanson further stated, ``It is our intention to quickly introduce these products and services to the Internet in order to capitalize on the high growth business to business e-commerce market place. This will enable us to maximize the exposure and delivery systems of the already established 'Worksafe' products and services by making it available to millions of potential clients.' Johann Wasserman, President and CEO of Regulatory Solutions Inc. stated, ``I am looking forward to working with RTIN Holdings and their management. We are focusing on the synergies to which this alliance brings throughout the restaurant industry that will enable us to penetrate this market in a more comprehensive way. I believe our company has just barely scratched the surface of market share in any one of the many industries we now provide professional services to.' Restaurant Teams International, Inc. is a public holding company whose stock trades on the fully reporting NASDAQ OTC BB. This press release may contain forward-looking statements, which are generally preceded by words such as ``believes,' ``expects,' ``project,' ``anticipates,' or ``intends.' Such statements are subject to risks and uncertainties, including but not limited to competitive conditions, real estate zoning and permitting complications, government regulations, and general conditions in the restaurant market. -------------------------------------------------------------------------------- Contact: Restaurant Teams International Inc. Curtis A. Swanson, 903/295-6800 biz.yahoo.com