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Microcap & Penny Stocks : tubbys -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (28)	1/5/1998 12:47:00 PM
From: Mike Jafari	Read Replies (1) \| Respond to of 55

Monday January 5, 10:28 am Eastern Time Company Press Release SOURCE: Tubby's, Inc. Plans Set to Open 50 Tubby's Over Next 5 Years in Texas STERLING HEIGHTS, Mich., Jan. 5 /PRNewswire/ -- Michigan-based Tubby's, Inc., (Nasdaq: TUBY - news), a specialty sandwich chain featuring grilled submarines, announced today its expansion plans that call for the opening of 50 stores over the next 5 years in Texas. For an undisclosed amount, Tubby's Sub Shops, Inc. (''Tubby's''), along with Development Agent Fred Conner, signed 2 Development Agent Agreements with All Star Foods, Inc., a Texas corporation. All Star Foods, Inc. plans to open 40 stores in the greater Houston area with the first 6 to be opened by November 30, 1998, and also intends to open 10 stores in the Corpus Christi area with the first 2 to be opened by November 30, 1998. All Star Foods, Inc. is expanding their petroleum units with Tubby's non- traditional locations inside their service stations. Robert Paganes, Tubby's President and CEO said, ''Our 1997 Business Plan was to expand into the non- traditional market. By signing these Agreements, we are fulfilling our Company Goals.'' Established in 1968, Tubby's has 88 Sub Shops located in Michigan, Ohio, Arizona, Pennsylvania, and Alberta and Windsor, Canada.