Business Services Industry
Boston Restaurant Associates, Inc. Signs Franchise Agreement for Polcari's in Saudi Arabia
Business Wire, Dec 16, 1999
BOSTON--(BUSINESS WIRE)--Dec. 15, 1999--
Boston Restaurant Associates, Inc. (NASDAQ: BRAI) (BSE: BNR)
Boston Restaurant Associates, Inc. announced today, that they signed a Franchise Agreement for the development of Polcari's Restaurant in Saudi Arabia.
George R. Chapdelaine stated, "The first Polcari's is scheduled to open in Jeddah during the year 2000. This is a significant growth opportunity for the Company and opens up a new market in the Mideast for Boston Restaurant Associates."
BOSTON RESTAURANT ASSOCIATES, INC. owns 14 Pizzeria Reginas and one Polcari's. In addition, the Company also franchises both Pizzeria Regina and Polcari's.
Statements about the company's future expectations, including future expansions, franchising, revenue and earnings, and all other statements in the press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time the Company's actual results could differ materially from expected results.
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