To: Jay Letterman who wrote (30365 ) 8/10/1998 2:54:00 PM From: Jay Letterman Read Replies (1) | Respond to of 34592
Tuesday August 4, 5:24 pm Eastern Time Company Press Release SOURCE: Harvest Restaurant Group, Inc. Two Senior Harvest Restaurant Group Officers Resign in Anticipation of the Pending Move of the Company Headquarters to Atlanta Harvest Shareholders will Keep Their Current Equity Stake in the New Company Which is Expected to Approximate 30% of the New Company Annualizing $20,000,000 in Revenues Versus the $2,000,000 of Revenue Posted Last Year SAN ANTONIO, Texas, Aug. 4 /PRNewswire/ -- Harvest Restaurant Group, Inc. (Nasdaq: ROTI ROTIW ROTIP ROTIZ) announced that Mr. Larry F. Harris, CEO and President and Mr. Steves Rosser, Vice President have resigned as a result of the pending merger with TRC Acquisition Corporation (Rick Tanner's Original Grill restaurant chain) and the pending relocation of the headquarters to Atlanta, Georgia and cost saving moves currently going into effect. Rick Tanner's Original Grill restaurants are positioned in the ''home-made'' sector of the dinner house restaurant business which is similar to Applebee's (Nasdaq: APPB - news). Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the ''safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed in the Company's period reports filed with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements. SOURCE: Harvest Restaurant Group, Inc. More Quotes and News: Applebee's International Inc (Nasdaq:APPB - news) Harvest Restaurant Group Inc (Nasdaq:ROTIZ - news; Nasdaq:ROTI - news; Nasdaq:ROTIP - news; Nasdaq:ROTIW - news)ROTI, August 4th news release,,..,.,.