Benihana Inc. Enters Into Licensing Agreement to Market Food Product Line Under Its Name.MIAMI--(BUSINESS WIRE)--August 5, 1999-- 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. :BNHNA and BNHN), announced today at the Company's annual meeting of shareholders that it has entered into a licensing agreement with a privately owned food manufacturer to produce a line of dressings and sauces under the Benihana label. The agreement is with Yoshida Yoshida (吉田, "lucky/joyful ricefield") is the 12th most common Japanese surname. People named Yoshida
"Benihana is one of the most widely recognized brands in the U.S., and has a reputation for high quality," said Joel A. Schwartz, Benihana's President. "We are excited about the possibilities that could stem from this association, but we are first going to make certain that any retail product we put on the shelves bearing our Company's imprint im·print tr.v. im·print·ed, im·print·ing, im·prints 1. To produce (a mark or pattern) on a surface by pressure. 2. To produce a mark on (a surface) by pressure. 3. lives up to the high standards we demand of each of our restaurants and for which the Benihana name is justifiably jus·ti·fi·a·ble adj. Having sufficient grounds for justification; possible to justify: justifiable resentment. jus known." At the meeting, shareholders approved the election of Robert B. Greenberg, a business consultant, Taka ta·ka n. See Table at currency. [Bengali  Yoshimoto, Vice
President-Operations, and Kevin Aoki, Vice President-Marketing, as
directors.
Benihana owns 51 Teppenyaki style and sushi restaurants and licenses 12 others. The Company is the leading national chain of Asian restaurants. 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 "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. " as that term is defined under Federal Securities Laws. "Forward-looking statements" 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, industry cyclicality, fluctuations in customer demand, the seasonal nature of the business, fluctuations on 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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