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Microcap & Penny Stocks : Eat At Joe's (BB:JOES) -- Ignore unavailable to you. Want to Upgrade?

To: Vic Glassley who wrote (63)	8/15/1998 4:20:00 PM
From: Vic Glassley	Read Replies (1) \| Respond to of 343

News Published By: BusinessWire Headline: Eat At Joe's Ltd. Announces Opening of Gallery at Market East Unit; Company on Target Toward Reaching Profitability by Fourth Quarter 1998 CHERRY HILL, N.J.--(BUSINESS WIRE)--Aug. 14, 1998--Eat At Joe's Ltd. (OTC BB:JOES), an emerging 1950s style diner restaurant chain, announced today the opening of its Gallery At Market East unit in Center City, Philadelphia, Pa. Commenting on the opening, Joseph Fiore, chairman and CEO of Eat at Joe's Ltd., stated, "The opening of the Gallery at Market East is our second sit-down restaurant to be opened since July when we opened the University City Diner at 3925 Walnut Street, and our sixth Eat at Joe's restaurant to be opened since November, 1997. "The Gallery at Market East unit, with two levels and seating for 80, has been styled in the same 1950's American Diner theme which is being carried through all of our stores. It is the first to feature a full bar, and given its excellent location adjacent to the Convention Center and inclose proximity to the financial district, is ideally suited for the type of clientele it will be serving." "Additional Eat at Joe's units in Baltimore's Gallery at Inner Harbor and Moorestown Mall in Moorestown, N.J., are scheduled for opening in the third quarter, and by the end of the third quarter the company should reach a gross revenue run rate of $650,000 per month. "With new openings expected in the fourth quarter including Plymouth Meeting Mall, Pa.; Neshaminy Mall, Pa.; Shoppingtown Mall, Syracuse, N.Y.; Owings Mills, Md.; and Danbury, Conn., we are on target toward reaching our 1998 goal of some twelve company-owned restaurants generating revenues of at least one million dollars per month with profitability expected by the end of the fourth quarter of this year," Fiore added. Eat At Joe's is a diversified restaurant organization, initially building a new chain of 1950's style diners featuring quality, home-cooked American meals at affordable prices in an appealing and fun atmosphere. Except for historical matters contained herein, the matters discussed in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties which may affect Eat At Joe's Ltd.'s business and prospects and cause actual results to differ materially from these forward-looking statements. For further information, please contact: The Wall Street Group Inc. World Vision Financial Group 32 East 57th Street 238 Wilshire Blvd., Suite 149 New York, N.Y. 10022 Casselberry, Fla. 32707 212/888-4848 888/345-6060 Attn: Ron Stabiner Attn: Orville Baldridge vice president CEO Eat at Joe's Ltd. Financial Division 670 White Plains Road, Suite 120 Scarsdale, NY 10583 914/725-2700 Attn: Joseph Fiore, chairman & CEO Visit the Eat At Joe's Website at: eatatjoesltd.com. CONTACT: Eat At Joe's Ltd. Financial Division Joseph Fiore, chairman and CEO 914/725-2700 or The Wall Street Group Inc. Ron Stabiner, VP, 212/888-4848 or World Vision Financial Group Orville Baldridge, CEO, 888/345-6060 KEYWORD: NEW JERSEY PENNSYLVANIA NEW YORK MARYLAND INDUSTRY KEYWORD: FOODS/BEVERAGES RESTAURANTS RETAIL Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1998, Business Wire