Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: y2kfree_radical who wrote (44411)	4/24/2000 9:19:00 AM
From: Jim Bishop	Respond to of 150070

RTIN news, profits up 700%! LONGVIEW, Texas--(BUSINESS WIRE)--April 24, 2000--Restaurant Teams International, Inc. (OTC BB:RTIN), announced on Monday, April 24th 2000, That the company's operations for the three month period ending March 31st 2000 resulted in a net profit of $.05 per common share. This represents a 700% net increase over the same period for the year 1999. Curtis Swanson Chief Financial Officer of RTIN stated: "We are excited that the acquisitions of Tanner's Corner Grill and Regulator Solutions, Inc, have added real value to the bottom line producing immediate revenues and earnings. This supports management's decisions to aggressively pursue acquisitions forming a multi-concept holding company. I believe that our shareholders will be very pleased to see this significant turn around, and our anticipated future trend." -0- T RESTAURANT TEAMS INTERNATIONAL, INC. D.b.a. RTIN HOLDINGS STATEMENT OF OPERATIONS FOR THE THREE MONTH PERIOD ENDING MARCH 31, 2000 Quarter Ending March 31, 2000 Unaudited REVENUES: -------------- Restaurant Sales $1,434,598 Regulatory Sales 629,246 Rental Income 78,662 ---------- Total Revenues $2,142,506 OPERATING COSTS AND EXPENSES: Cost of sales 431,660 Labor and Benefits 505,902 Other operating expenses 330,945 General and administrative expenses 126,302 Depreciation and amortization 98,535 ---------- Total operating costs and expenses 1,493,344 Profit from operations 649,162 NON-OPERATING INCOME (EXPENSE): Interest expense (110,617) ---------- Total non-operating (expense) (110,617) Profit before income taxes 538,545 INCOME TAX EXPENSE 0 NET PROFIT 538,545 ---------- NET PROFIT PER COMMON SHARE, basic and diluted $ .05 ---------- T This press release contains forward-looking statements, which are generally proceeded by the words such as "believes," "expects," "anticipates," "should," 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. --30--LS/na* CONTACT: Restaurant Teams International Inc., Longview Curtis A. Swanson, 903/295-6800 KEYWORD: TEXAS INDUSTRY KEYWORD: RESTAURANTS EARNINGS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com