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ATLANTIC RESTAURANT VENTURES SELLS STOCK TO FUDDRUCKERS

 ATLANTIC RESTAURANT VENTURES SELLS STOCK TO FUDDRUCKERS
 DANVERS, Mass., April 8 /PRNewswire/ -- Atlantic Restaurant Ventures, Inc. (NASDAQ: ARVI) (the "Company") reported the sale of 3 million shares of its common stock to Fuddruckers, Inc. for $750,000 or 25 cents per share. The purchase of the shares by Fuddruckers, Inc. increases their ownership in the common stock of the company from 38.82 percent to 61.34 percent. There were 8,151,642 shares of common stock of the company outstanding after the sale.
 -0- 4/8/92
 /CONTACT: David N. Terhune, CFO of Atlantic Restaurant Ventures, 508-774-9115/
 (ARVI) CO: Atlantic Restaurant Ventures, Inc.; Fuddruckers, Inc. ST: Massachusetts IN: LEI SU: RCN


TM -- NE003 -- 6060 04/08/92 08:15 EDT
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Publication:PR Newswire
Date:Apr 8, 1992
Words:121
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