To: Dr. Harvey who wrote (937 ) 11/12/1998 12:35:00 PM From: KZAP Respond to of 1058
RTIN is looking it's old self again! <g> <<Restaurant Teams International's Board of Directors Approves New Stock Buy Back Plan PR Newswire - November 12, 1998 10:29 LONGVIEW, Texas, Nov. 12 /PRNewswire/ -- Restaurant Teams International, Inc. (OTC Bulletin Board: RTIN) announced today that the board of directors has approved a new plan authorizing the repurchase of up to 250,000 shares of its common stock. The company has completed its previously announced stock buy back plan of 150,000 shares dated. This action gives Restaurant Teams International, Inc.'s management the authority to repurchase up to 250,000 shares at its discretion during the remainder of the year. Stanley L. Swanson, Chairman and CEO stated, "We believe our stock is extremely undervalued at this time. The implementation of the stock buy back program is a great opportunity for us to reduce the amount of outstanding shares, and further demonstrate our commitment to increasing stockholder value." Restaurant Teams International, Inc. is the developer of the Fresh'n Lite Cafe & Grill and Street Talk Cafe concepts. Both concepts are full service, casual dining operations that feature a variety of your favorite foods along with many choices of non-fat and low fat menu items without sacrificing taste, service, value, 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, real estate zoning and permitting complications, government regulations, and general conditions in the restaurant market. SOURCE Restaurant Teams International, Inc. /CONTACT: Investor Relations of Restaurant Teams International, Inc., 800-259-2675/ (RTIN) >>> It's worth repeating IMO! KZAP