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

To: KZAP who wrote (3215)	8/10/2000 2:22:47 PM
From: Howard C.	Read Replies (1) \| Respond to of 3351

Restaurant Teams International Inc., Announces Master Franchise Letter of Intent for Tanners Original Rotisserie Grill LONGVIEW, Texas, Aug 10, 2000 (BUSINESS WIRE) -- Restaurant Teams International, Inc. (NASD OTC BB: RTIN chart, msgs), announced today that it has received a formal letter of intent from a Franchise Development Group to Purchase the Master Franchising Rights for the state of Georgia for the Tanner's Original Rotisserie Grill (TM) (Tanner's) restaurants. Additionally they propose to purchase Five (5) of the Tanner's restaurants currently operating in the Atlanta Georgia Market. Curtis A. Swanson, Chief Financial Officer Stated, "We are excited to have begun the process of franchise development for Tanner's Original Rotisserie Grill (TM) restaurants. Our business plan for the restaurant division of our company is to generate future revenues through Royalties and Franchise fees for all the future concepts of this division, thus eliminating the operational side of the business and focusing on the opportunities and the need for additional proven franchises". Stanley L. Swanson, RTIN's CEO stated, "We are very pleased to see the interest generated in the Tanner's Original Rotisserie Grill (TM) restaurants. The proposed franchise development group is most qualified to help expand the concept throughout the state of Georgia. We are looking forward to complete the negotiations and begin to provide assistance in the marketing of Tanner's. Restaurant Teams International, Inc., d.b.a. RTIN Holdings, is a public holding company whose stock trades on the fully reporting NASD OTC BB. The Company owns Regulatory Solutions, Inc., a workplace safety and regulatory compliance division out of Dallas. Additionally it owns an operates seven full service casual dining restaurants under the trade name "Tanner's Original Rotisserie Grill (TM)" in Atlanta, Ga., and one Street Talk Cafe restaurant in The Colony, Texas. This press release may contain 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, real estate zoning and permitting complications, government regulations, and general conditions in the restaurant market. Contact: Seeds Capital Corporation Alex Tsakumis, 800/245-2340 or Kevin Leigh, 818/993-3227 kevin@Investor-gate.com or Chuck Kowalski, 813/221-6617 kowalski@Insiderstreet.com