Angelo and Maxie's Announces Closing of Phoenix Restaurant.Business Editors/Food Writers CHICAGO--(BUSINESS WIRE)--Dec. 9, 2002 Angelo and Maxie's, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AGMX AGMX Agammaglobulinemia, X-Linked ) announced the closing of its Phoenix, Arizona Phoenix /ˈfiːˌnɪks/ (English: Phoenix, Navajo: Hoozdo, lit. "the place is hot", Western Apache: Fiinigis) is the capital and the most populous city of the U.S. steakhouse, effective December 24, 2002. The Company previously reported that it planned to close one restaurant before the end of the year. "We are disappointed that the financial results at the Phoenix Angelo and Maxie's steakhouse were insufficient to support the continued operation of this location. We want to acknowledge the efforts of the management and staff in Phoenix and thank them for operating the concept as successfully as possible in a very challenging environment. Closing of the Phoenix location is consistent with the Company's previously announced review of strategic alternatives," said Kenneth R. Posner, Chief Executive Officer. Headquartered in Chicago, Angelo and Maxie's, Inc., following the closing of the Phoenix location, will operate five steakhouses all situated on the east coast of the United States The "Eastern Seaboard," or "Atlantic Seaboard" are terms referring to the easternmost coastal states in the United States. They touch the Atlantic Ocean and stretch up to Canada. . Certain of the statements contained in this press release may be forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include financial projections, estimates and statements regarding plans, objectives and expectations of the Company and its management. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Information on significant potential risks and uncertainties is set forth more fully in the Company's filings with the Securities and Exchange Commission, including quarterly reports on Form 10- Q, reports on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. and annual reports on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . |
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