Atomic Burrito Announces Successful Houston Opening; Construction Starts on Oklahoma City Unit.OKLAHOMA CITY--(BUSINESS WIRE)--Oct. 5, 1999-- Atomic Burrito, Inc. (Nasdaq:ATOM) ("Atomic Burrito") announced today that its Houston restaurant had successfully opened on Sept. 20, 1999, the company's sixth operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon . In addition, construction began today on a new Atomic Burrito in Oklahoma City Oklahoma City (1990 pop. 444,719), state capital, and seat of Oklahoma co., central Okla., on the North Canadian River; inc. 1890. The state's largest city, it is an important livestock market, a wholesale, distribution, industrial, and financial center, and a farm . Additional locations are being planned in Tulsa, Dallas, Houston and Wichita, which will give Atomic Burrito 10 open restaurants by early next year. Atomic Burrito's "Fresh-Mex" concept has been enthusiastically received in the markets where the restaurants are located, Tulsa, Norman, and Stillwater, Oklahoma Stillwater is a city in Payne County, Oklahoma, United States. The population was 39,065 at the 2000 census. It is the county seat of Payne CountyGR6. Founded December 12, 1884 it was the first settlement in the Unassigned Lands. as well as Wichita, Kansas
Wichita, also known as the Air Capital of the World, is the largest city in the U.S. state of Kansas, as well as a major aircraft manufacturing hub and cultural center. , Longview, Washington and the newly opened Houston, Texas location. Atomic Burrito President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. James Blacketer said, "The sales at our existing locations are stable and we've exceeded our expectations at the new Houston restaurant. We expect to see growth in our sales this fall as we introduce more of the public to our concept and to our product. This very exciting concept is just now taking off, and we expect 2000 to be a banner year. "The Houston restaurant is located in the Greenway Plaza office corridor, at the intersection of Richmond and Weslayan, in an area with a new theater opening later this month," Blacketer continued. "We expect this to be an outstanding location for our company. The Oklahoma City location is in Casady Square at Britton Road and Pennsylvania, in a very upscale area of Oklahoma City. This will also be our flagship location near our headquarters, so we are excited about the potential of this location as well." Atomic Burrito recently announced that it was purchasing the minority interests owned in its Tulsa and Wichita units by New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Bagle Enterprises, Inc. ("NYBE NYBE New York Board of Education "), subject to financing, and further, that it was terminating its joint venture agreement with NYBE and also terminating another agreement with NYBE which would have potentially merged the two companies. In addition to its Atomic Burrito units, the company also owns and operates two country and western themed nightclubs under the name "InCahoots" in St. Louis and Wichita. |
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