Business Services Industry
Boston Restaurant Associates Inc., has been assigned a line of credit from Haymarket Bank
Business Wire, Jan 24, 1996
BOSTON--(BUSINESS WIRE)--Jan. 24, 1996--George R. Chapdelaine, President and CEO of BOSTON RESTAURANT ASSOCIATES, INC., (NASDAQ: BRAI, BRAIW) (BSE: BNR, BNRW) announced that BOSTON RESTAURANT ASSOCIATES, INC. has been assigned a line of credit from HAYMARKET BANK.
Initially, the money will be used for the conversion of the last Capucino's in Brookline, Massachusetts to a Pizzeria Regina and for the addition of the Jukebox Lounge to Polcari's North End in Saugus, Massachusetts. The remaining line of credit will be held in reserve for the upcoming expansion of Pizzeria Regina.
BOSTON RESTAURANT ASSOCIATES, INC. owns and operates a chain of seven pizzerias under the name Pizzeria Regina and two Italian restaurants named Bel Canto and Polcari's North End. The restaurants are located in the Boston area.
CONTACT: Boston Restaurant Associates Inc.
GEORGE R. CHAPDELAINE (617) 720-5684
LEONARDO ZANGANI (908) 788-9660
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