Friday September 18, 3:56 pm Eastern Time
Company Press Release
SOURCE: Fresh'n Lite, Inc.
Fresh'n Lite, Inc. Announces Name Change,
Symbol Change, and Mandatory Certificate
Recall
LONGVIEW, Texas, Sept. 18 /PRNewswire/ -- Fresh'n Lite, Inc. (OTC Bulletin Board: FLTT - news) announced
today that as part of its positioning as a multi-concept restaurant holding company, it is changing its name to
''Restaurant Teams International, Inc. (Nasdaq: RTIN - news).''
The change of the name was selected to reflect the new focus of the Company. As stated in a release earlier, the
Company's management, along with its new consultant is currently exploring several possible acquisitions both
for the growth of the Company's Street Talk Cafe concept as well as additional concepts with potential for
expansion and development.
The terms of the conversion will be as follows: The record date for the conversion will be September 18th, 1998.
Each shareholder of record of Fresh'n Lite, Inc. as of that date will receive one (1) share of Restaurant Teams
International, Inc. (RTIN) in exchange for each one (1) share of Fresh'n Lite, Inc. (FLTT). Additionally, each
shareholder as of the record date will receive one (1) warrant to purchase an additional share of RTIN for a period
of 24 months following the record date with a strike price of $5.00 per share for each ten (10) shares of Fresh'n
Lite, Inc. (FLTT) held as of the record date. The shares must be returned to the transfer agent and exchanged for
new certificates in order to receive the warrant and receive valid shares of Restaurant Teams International, Inc.
(RTIN). Official notice will be sent to each shareholder of record as well as all brokers, market makers, and the
Depository Trust Company by the Company's transfer agent. All Fresh'n Lite, Inc. (FLTT) certificates must be
redeemed for certificates in the new company, Restaurant Teams International, Inc. (RTIN) as there are new cusip
numbers for both the common stock and the warrants.
The Company announced today that it has been informed by Nasdaq Re-Organization that it will commence
trading under the symbol RTIN on Monday September 21, 1998.
Curtis A. Swanson, Chief Financial Officer of the Company stated: ''The name change is instrumental in the
positioning of our company. We believe changing the Company's name will heighten public awareness and
increase our visibility. In the eyes of the public, positioning the Company for the growth of the Street Talk Cafe
concept as well as preparing for the acquisitions we are exploring are better served through the name Restaurant
Teams International, Inc.''
Henry Leonard, President and Chief Operating Officer stated: ''With a strong management team in place and the
expansion avenues available, we recognize the need for a name that would reflect our growth strategy both
through internal development and acquisitions. The name Restaurant Teams International, Inc. better represents
the direction of our Company and the excitement we feel about our future.''
Fresh'n Lite, Inc. is the developer and operator of the Street Talk Cafe and Fresh'n Lite Cafe & Grill concepts, full
service casual dining concepts featuring over 100 choices of low fat and non-fat menu items without
compromising taste, service, or atmosphere.
This press release contains 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, weather, real estate zoning and permitting complications, and
general conditions in the restaurant market.
For further information contact: Curtis A. Swanson, Chief Financial Officer at 800-259-2675.
SOURCE: Fresh'n Lite, Inc. |
