Benihana Inc. Announces Plans for New Restaurants in New York and Illinois; Total of Seven New Restaurants Under Construction Largest in Company's 35-Year History.Business Editors/Restaurant Writers MIAMI--(BUSINESS WIRE)--Feb. 8, 2000 Benihana Benihana Can refer to:
in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :NMS See NetWare Management System. :BNHN and BNHNA), which operates the largest chain of Asian restaurants in the U.S., announced today plans to build new traditional teppanyaki Benihana restaurants in Westbury Westbury, residential village (1990 pop. 13,060), Nassau co., SE N.Y., on Long Island; settled 1650, inc. 1932. The State Univ. of New York's Westbury campus is located in the village. Harness races are held at Roosevelt Raceway there. , NY, on Long Island, and in Wheeling, Ill., a suburb suburb, a community in an outlying section of a city or, more commonly, a nearby, politically separate municipality with social and economic ties to the central city. In the 20th cent. of Chicago. The Company will now have under construction seven new restaurants, one of the largest building programs in Benihana's history. &uot;The growing popularity of Asian food generally, and Japanese food in particular, combined with the high quality and superior services provided by Benihana has led to increasing opportunities to broaden our Company's activities,&uot; said Joel A. Schwartz, Benihana president. &uot;Most of these new restaurants should be in operation within the next 12 months further enabling us to grow Benihana, while we continue to look for additional sites.&uot; The new Benihana will be located in Westbury, on Ellison Avenue. The ground lease for the planned approximately 7,400-square-foot restaurant has been signed, and construction is expected to begin shortly. The Wheeling unit will approximate 8,500 square feet and sit on two acres. Benihana will own the land and the building. They are expected to open their doors in calendar 2000. Under construction are new Benihana restaurants in Santa Monica Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. and Monterey, California For other uses, see Monterey (disambiguation). The City of Monterey is located on Monterey Bay along the Pacific coast in central California. As of 2005, the city population was 30,641. , both of which are expected to be open this summer. Two Sushi Dorakus are also being built, in Chicago and Miami, Florida “Miami” redirects here. For the Native American tribe, see Miami tribe. Miami is a major city in southeastern Florida, in the United States. It is the county seat of Miami-Dade County. Miami is a gamma world city with an estimated population of 404,048. . A Haru sushi restaurant is currently being built as well in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , on Times Square. &uot;This is an exciting period in our Company's development,&uot; said Mr. Schwartz. &uot;The outlook is very encouraging.&uot; Benihana owns 51 Teppanyaki style and sushi restaurants and two Haru sushi restaurants, in addition to licensing 13 others. Statements in this press release concerning the Company's business outlook or future economic performance, anticipated profitability, revenues, expenses or other financial items, together with other statements that are not historical facts, are &uot;forward-looking statements&uot; as that term is defined under Federal Securities Laws. &uot;Forward-looking statements&uot; are subject to risks, uncertainties and other factors which could cause actual results to differ materially from those stated in such statements. Such risks, uncertainties and factors include, but are not limited to, changes in customers' tastes and preferences, acceptance of the Company's concepts in new locations, obtaining qualified personnel, industry cyclicality, fluctuations in customer demand, the seasonal nature of the business, fluctuations of commodities costs, the ability to complete construction of new units in a timely manner, obtaining governmental permits on a reasonably timely basis, and general economic conditions, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. |
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